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Starpoint Goldfields Inc.
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carswell Press Release 4/25/98 08:37 98754
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STARPOINT GOLDFIELDS INC.
902 - 626 W. Pender Street
Vancouver, B.C. Canada V6B 1V9
Tel: 604-688-6838
Fax: 604-688-6839
Toll Free 1-800-852-8885
* * * N E W S R E L E A S E * * *
Listed: VSE:STS
Results of Gold Exploration Program in the Democratic Republic of Congo
Some confusion has occurred over Starpoint's April 21 news release which management would like to clarify.
The statement that "all samples collected contained gold" is misleading in that this can be said of any property, even ones with little gold. Results from Mambati are not background values but of interest from an economic geological perspective and are included below. A full interpretation of this data will be available at Starpoint's office in the recent report of Richards from which the original news release was quoted.
Reference is also made to a "7 km long eluvial gold resource defined in 1948 by Forminiere". Data supporting use of the word resource is old and incomplete and therefore the word "resource" has been changed in the final report to occurrence. It could be of interest that the eluvial occurrence had been partly mined by Forminiere in the late 1940's and early 1950's. Other areas of the occurrence are being mined today by artisinal miners and could be evaluated further by Starpoint for mining by Starpoint.
Finally, the phrase "43 continuous rock chip samples" is misleading as it was 43 samples, only a few which are contiguous that were made by collecting a continuous rock chip across the sample interval. Description of these samples are in the report by Richards available at Starpoint's office.
None of these clarifications change the material facts presented but management apologizes for any confusion that may have arisen.
Rock Sample Grams/ton Au Rock Sample Grams/ton Au
98M1 0.09 98R14 0.015
98M2 0.10 98R15 0.035
98M3 2.91 98R16 0.190
98M4 7.03 98R17 0.64
98M5 0.11 98R18 0.02
98M6 0.105 98R19 0.70
98M7 0.140 98M14 0.425
98M8 0.340 98M23 0.055
98M9 0.775 98M24 0.770
98M10 0.465 98M25 0.665
98M11 0.110 98M26 0.040
98M12 8.910 98R1 0.105
98M13 2.360 98R2 0.480
98M15 5.960 98R3 5.930
98M16 2.300 98R5 0.105
98M17 0.205 98R6 49.85
98M18 0.220 98R7 3.22
98M19 0.035 98R8 0.96
98M20 0.010 98R9 2.15
98M21 0.025 98R10 0.04
98M22 0.120 98R11 0.095
98R12 0.755
98R13 0.110
Soil Sample Grams/ton Au Soil Sample Grams/ton Au
98R4 0.12 98R33 0.02
98R20 0.18 98R34 0.01
98R21 0.09 98R35 0.01
98R22 0.15 98R36 0.03
98R23 0.1 98R37 0.21
98R24 0.06 98R38 0.11
98R25 0.065 98R39 1.0
98R26 0.14 98R40 0.665
98R27 0.12 98R41 0.16
98R28 0.38 98R42 0.11
98R29 0.055 98R43 0.085
98R30 0.07 98R44 0.07
98R31 0.025 98R45 0.06
98R32 0.015 98R46 0.11
98R47 0.06
The soil samples presented above were taken across and confirm the eluvial gold occurrence by their relatively high numbers. The soils could reflect dispersion away from the vein system described or to more extensive style of mineralization not yet exposed. Trenching has been recommended to check for this potential.
A finder's fee announced April 9th, 1998 of 1,000,000 shares, value $200,000, is payable on the Company's Congo properties, subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
STARPOINT GOLDFIELDS INC.
"Harry Z. Bristman"
__________________________________
Harry Z. Bristman
Chairman & C.E.O. April 24, 1998
The Vancouver Stock Exchange has neither approved nor disapproved of the contents herein.
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