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Goldbank Mining Corp (2)
Symbol	GLB
Shares Issued	139,922,655
Close 2023-07-18	C$ 0.07
Market Cap	C$ 9,794,586
Recent Sedar+ Documents

Goldbank enters data sharing deal for Klondike

2023-07-21 17:13 ET - News Release

Subject: News Release - Goldbank Mining Corporation PDF Document File: Attachment NR 2023 07 21 Exploration Data Share Agreement (final).pdf 12g3-2(b): 82-4000 Standard & Poor's Listed TSX Venture Exchange: GLB OTC: GLBKF July 21, 2023 KLONDIKE EXPLORATION DATA SHARING AGREEMENT Goldbank Mining Corporation ("Goldbank")(TSX.V-GLB) is pleased to announce it has agreed to enter into an Exploration Data Sharing Agreement with Mr. Anthony Beruschi providing for the comprehensive exchange of exploration data and results on more than 3,433 hard rock (quartz) mineral claims located in the prolific placer gold producing Klondike Goldfields in the Yukon Territory, Canada. Goldbank and Mr. Beruschi each hold a large number of quartz (hard rock) mineral claims in the Klondike Goldfields. Goldbank's Leota Gold Project is comprised of 1,049 quartz (hard rock) mineral claims (totalling approximately 210 square kilometres (21,000 Ha)) located within 50 kilometers of Dawson City with excellent access by paved highway and existing roads servicing the robust placer mining in the Klondike Goldfields. The Leota Gold Project overlies the principle eastern ridges and tributaries of Hunker Creek, a famous placer-gold producing watershed in the Klondike Goldfields. Documented placer gold production from Hunker Creek is in excess of 4 million ounces of gold. The hardrock source of the Hunker Creek placer gold, and the substantial hard rock source of placer gold mined to date from the Klondike Goldfields and currently being placer mined from the rest of the Klondike Goldfields has not yet been discovered. Mr. Beruschi's private companies directly and indirectly own 2,384 quartz (hard rock) mineral claims totalling approximately 480 square kilometres (48,000 Ha) located both immediately adjacent to Goldbank's Leota Project and throughout the Klondike Goldfields primarily in four property groupings. The 2023 exploration season has commenced with ongoing testing of anomalies by mechanical trenching, continuing geological mapping utilizing previous and new results to identify drill targets and with plans to conduct Drone LiDAR and geophysical surveys over prospective areas on the property areas. Past, present and future exploration results will be confidentially shared between the parties. Jim Boyce, President of Goldbank said "Our Exploration Data Sharing Agreement is an important step forward providing valuable information and insights as we explore and develop, focusing on our high priority gold targets in the Klondike Goldfields." "We are very excited to bring together our years of knowledge and data to pin-point the most significant targets as we work to find the hard rock sources of the Klondike's placer gold production." Mr. Beruschi holds, directly and indirectly, 35.84% of the issued and outstanding common shares of Goldbank on a non-diluted basis and is a "control person" of Goldbank. Mr. Beruschi is also a control person of Goldbank insider Blizzard Finance Corp. which owns 15.48% of the issued and outstanding common shares of Goldbank on a non-diluted basis. Mr. Beruschi has joined Goldbank as Vice President, Business Affairs. Goldbank has granted 6,996,000 options exercisable at $0.07 per share for a period of ten years. The options are granted pursuant to the Company's stock option plan and are subject to applicable regulatory hold periods. Goldbank's Leota Gold Project is subject to a 3% NSR. Goldbank is focused on exploration and development of its Leota Gold Project in the Klondike Goldfields and accordingly the Exploration GOLDBANK MINING CORPORATION July 21, 2023 Page 2 of 2 Data Sharing Agreement continues and affirms Mr. Beruschi's rights to acquire additional mineral claims in the Klondike and Yukon Territory generally. The technical content of this news release was reviewed and approved by Bohumil (Boris) Molak, PhD., P.Geo (BC), a qualified person under National Instrument 43-101. For further information please e-mail jim@goldbankmining.com or anth@goldbankmining.com. GOLDBANK MINING CORPORATION PER: "James Boyce" Suite 702 889 West Pender Street Vancouver, BC CANADA V6C 3B2 JAMES BOYCE President & CEO Telephone: 604.683.3288 Toll Free: 1.888.880.2288 Email: jim@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.