GoldTrain drills 20.5 m of 1.28 g/t Au at Missinabie
2012-05-30 10:33 ET - News Release
Mr. Carl McGill reports
GOLDTRAIN DRILLS 3.34 G/T GOLD OVER 3.5 METERS AT MISSINABIE
GoldTrain Resources Inc. has released an update on its 100-per-cent-owned Missinabie project.
During the month of March, 2012, GoldTrain completed 10 diamond drill holes totalling 1,907.9 metres in the Nudulama area.
GoldTrain has received the final results for drill holes NU12-07 through to NU12-10. These holes were drilled on the Nudulama claims in the area of the historical resource.
DDH From To Length Gold (m) (m) (m) (g/t) NU1207 171.2 173 1.8 2.395 including 172.2 173 0.8 4.745 NU1207 179 183 4 0.860 NU1207 199.6 200.4 0.8 2.920 NU1208 144.3 161.5 17.2 1.320 including 151.5 152.5 1 6.750 including 156.5 161.5 5 1.604 NU1209 171.5 188 16.5 0.748 including 177.5 182.4 4.9 1.105 NU1209 194.5 195.3 0.8 1.190 NU1210 85 105.5 20.5 1.287 including 86.8 89.5 2.7 2.109 including 94.5 98 3.5 3.336 The Nudulama claims host a historical resource of 422,000 tons at an average grade of 0.13 ounce gold per ton, containing approximately 54,000 contained ounces of gold above the 650-foot level (Tenoga Consultants Inc., 1988). This historical resource estimate predates National Instrument 43-101 and, accordingly, is non-compliant with the requirements of NI 43-101, and therefore cannot be relied upon. A qualified person, as defined in NI 43-101, has not performed sufficient work on the Nudulama property to classify the historical resource estimate as mineral resource or mineral reserve. GoldTrain is not treating the historical resource estimate as a current mineral resource or mineral reserve.
GoldTrain president and chief operating officer, Brian Wright, commented: "I am very pleased with results of our initial drill program on the Nudulama property. With nine out of 10 drill holes intersecting significant gold values over considerable widths, the potential for future discoveries in this vastly underexplored camp is enhanced. GoldTrain is currently reviewing historical work on the numerous gold showings on the property and is planning a summer field program to locate, map and sample the property to assist with future drill programs."
Quality control/quality assurance
The company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.
Qualified person
Joerg Kleinboeck, vice-president of exploration, is the designated qualified person as defined by NI 43-101 and has approved the technical content of this news release.
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