Vancouver, BC November 22, 2012: Goldbank Mining Corporation (TSX.V-GLB) announces that it has completed its 2013 exploration program on the Leota Gold Project situated in the historical Klondike Goldfields in the Yukon Territory, Canada. Exploration included trenching and soil and outcrop sampling in selected portions of the Property. Click here for a pdf version of the News Release.
Trenching program objectives were to expose bedrock, collect samples and record petrological, mineralogical and structural information to improve knowledge about gold mineralization and to identify new exploration targets. Soil sampling was designed to test the weathered residues of precious and base metals mineralization in areas adjacent to historical placer mining.
The trenching program was conducted using a rubber-tracked back-hoe. A total of 80 pits and trenches were excavated, logged and sampled. Soil sampling within a 400 by 300 meter grid was completed using a Dutch auger. Additional rock sampling and data logging was conducted on outcrops located within and outside the trenching and/or soil sampling grid.
The technical content of this news release was reviewed and approved by Dr. Bohumil (Boris) Molak, PhD., P.Geo (BC), a qualified person under National Instrument 43-101. Dr. Molak was in charge of the exploration program.
Goldbank Mining Corp. is a Canadian exploration company actively exploring the precious and base metal potential on the Leota Project situated within the historical Klondike Goldfields, near Dawson City in the Yukon Territory, Canada.
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GOLDBANK MINING CORPORATION
PER: "James Boyce"
President & CEO
|Suite 502 - 535 Thurlow Street
Vancouver, BC CANADA V6E 3L2
Toll Free: 1.888.880.2288
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. nvestors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.