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Goldbank Increases Land Position at Leota Gold Project on the Yukon's Historic Klondike Goldfields

Blog by Goldbank Mining Corporation | September 21st, 2010

Vancouver, BC, September 21, 2010: Goldbank Mining Corporation (TSX.V-GLB) (“Goldbank”) is pleased to announce that it has increased the number of mineral claims and area coverage of subsurface mineral rights on its Leota Gold Project at the Yukon’s historic Klondike goldfields by staking an additional 181 Quartz Mining Claims. 
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The Leota Gold Project is the largest contiguous group of Quartz Mining Claims in the historic Klondike goldfields. Now totalling 1,017 claims, Goldbank’s Leota Gold Project covers an area of approximately 210 square kilometres.

The new claims extend the Leota property and adds additional areas displaying hanging wall, ophiolitic mafic igneous rocks or “greenstones”, the most prolific host rock for coarse, nuggety gold quartz vein deposits.

A preliminary evaluation of the new claim area by Chris H. Ash, project geologist and QP (Qualified Person) for the Leota Gold project has identified significant amounts of this rock type on the new claims with varying and locally intense carbonate-sericite pyrite alteration.

The new claims are subject to the Royalty set forth in the Leota property option agreement under which Goldbank optioned 100% of the Leota Gold Project.

This news release has been reviewed and approved for technical content by Chris H. Ash, P. Geo. Mr. Ash is a Qualified Person as defined under the terms of National Instrument 43-101.

For further information please contact the president, Anthony J. Beruschi B.Sc. LLB.:


PER: “Anthony J. Beruschi” Suite 605 - 889 West Pender Street, Vancouver, BC CANADA V6C 3B2
Telephone: 604.669.1408 w Fax: 604.669.5886President & CEO Toll Free: 1.888.880.2288 w Email: ajb@goldbankmining.com

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.