Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) announces that it has completed its 2015 exploration program on the Leota Gold Property situated in the historical Klondike Goldfield in the Yukon Territory, Canada. 2015 exploration included pitting, trenching and rock and soil sampling in selected portions of the Property.
Pitting and trenching program’s objectives were to expose the bedrock, collect samples and record petrological, mineralogical and structural information to improve knowledge of lode gold mineralization and to identify new exploration targets. Soil sampling was designed to test the weathered residues of precious and base metal mineralization in the bedrock near the historical and recent placer mining areas.
The pitting and trenching program utilized a rubber-track back-hoe. A total of 44 pits and/or trenches were excavated, logged and sampled. The soil survey program was conducted on four grids with additional rock sampling and data logging conducted on outcrops located within and outside the pitting, trenching and soil sampling grids.
The technical content of this news release was reviewed and approved by independent geologist Bohumil (Boris) Molak, PhD., P.Geo (BC), a qualified person under National Instrument 43-101.
Goldbank Mining Corporation is a Canadian exploration company actively exploring for gold in the Klondike Goldfields near Dawson City, Yukon, Canada.
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GOLDBANK MINING CORPORATION
PER: “James Boyce” Suite 702 – 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
JAMES BOYCE Telephone: 604.683.3288
President & CEO 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. investors 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.