Goldbank Mining Corporation (“Goldbank”)(TSX.V-GLB) is pleased to report it has completed the 2017 field program on the Leota Gold Project located in the historic Klondike near Dawson City, Yukon Territory. Exploration by Goldbank included “C” horizon soil sampling, mechanical pitting/trenching and bedrock mapping and sampling. The soil geochemistry program was designed to locate precious and base metals anomalies in different rock assemblages and at their contacts.
Goldbank’s Leota Gold Project is a package of 1,046 quartz (hard rock) mineral claims overlying the principle eastern ridges and tributaries of Hunker Creek, a prolific placer-gold producing watershed in the Klondike. Documented placer gold production from Hunker Creek is in excess of 4 million ounces of gold. The source of this placer gold, and the source of placer gold mined and being placer mined from the rest of the Klondike area, has never been discovered.
Goldbank has now completed the acquisition of the remaining 50% interest in 1025 Quartz claims in the Leota Gold Project. Goldbank now owns 100% of the Leota Gold Project subject to a 3% Net Smelter Royalty. An additional 21 contiguous quartz mineral claims were staked and added to the Leota mineral claims this summer.
The Leota Gold Project lies within 45 kilometers of Dawson City, YT. Access is excellent, including by paved highway and various mining roads.
The technical content of this news release was reviewed and approved by geologist Bohumil (Boris) Molak, PhD., P.Geo (BC), a qualified person under National Instrument 43-101.
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GOLDBANK MINING CORPORATION
PER: “James Boyce” Suite 702 – 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
President & CEO Toll Free: 1.888.880.2288 Email: email@example.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.