Vancouver, BC, October 26, 2010: Goldbank Mining Corporation (TSX.V-GLB) is pleased to announce it has 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 two Hasenfuss Quartz Mining Claims have been optioned from two private individuals for a
total of $60,000 with the final $50,000 option payment due by June 30, 2011. The claims are
subject to a 2% net smelter returns royalty.
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.:
GOLDBANK MINING CORPORATION
PER: “Anthony J. Beruschi” Suite 605 - 889 West Pender Street
Vancouver, BC CANADA V6C 3B2
ANTHONY J. BERUSCHI Telephone: 604.669.1408 w Fax: 604.669.5886
President & CEO Toll Free: 1.888.880.2288 w Email: firstname.lastname@example.orgThe 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 noright to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type indocuments filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative ofmineral deposits on our properties. This news release may contain forward-looking statements including but not limited tocomments 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 thereforeinvolve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.