GOLDBANK MINING INCREASES LAND POSITION AT LEOTA GOLD PROJECT ON THE YUKON'S HISTORIC KLONDIKE GOLDFIELDS
Goldbank Mining Corp. 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.
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 hangingwall, 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 a 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 per cent of the Leota gold project.
This news release has been reviewed and approved for technical content by Mr. Ash, PGeo. Mr. Ash is a qualified person as defined under the terms of National Instrument 43-101.
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