Goldbank announced on June 9, 2010 the property option agreement to acquire up to a 100% right, title and interest in and to the Leota Gold Property located on the Klondike Goldfields in the Dawson Mining District, Yukon Territory. The Leota Gold Property was originally comprised of 836 quartz mining claims covering an area of 176 square kilometres or 44,000 acres.  On September 21, 2010 Goldbank announced the staking of an additional 181 claims to increase the size of the Leota property to 1017 claims covering approximately 210 sq. Kilometers.

On October 26, 2010 Goldbank Mining Corporation (TSX.V-GLB) entered into a preliminary option agreement to acquire two claims contiguous with Goldbank’s Leota gold project. These new claims, named the “Hasenfuss” or “Rabbit Foot” claims, are located at the headwaters of Hunker Creek, the second most prolific placer goldproducing drainage in the historic Klondike region of the Yukon. Click here for Printable PDF

The Hasenfuss gold claims are significant because they overlie a gold-bearing quartz vein which is projected to dip under Goldbank’s adjacent Leota gold claims. More importantly the host rocks to this gold-bearing vein as well as the area underlying the adjoining Leota claims have been clearly identified to consist of foliated and variably carbonate-sericite and locally pyrite altered gabbro and diabase with intervals of variably talc-carbonate-altered ultramafic rocks. This is significant as coarse, nuggety gold-quartz veins mined elsewhere in the North American Cordillera are largely hosted by (e.g. Bralorne and Cassiar), or are found in immediate association with (e.g. Barkerville) rocks of this type.

The "White Gold Style" geological setting includes the presence of ophiolitic rocks displaying the appropriate styles of hydrothermal alteration for both high-grade gold-quartz veins and low-grade, bulk tonnage gold deposits.