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Graycliff Exploration Limited is a mineral exploration company with a focus on its prospective ground near Sudbury on the Canadian Shield. The company's Shakespeare Project includes crown leases and claims where visible gold has been identified. Graycliff recently sold its Baldwin and Lunge Projects to EV Minerals, allowing it to concentrate on its core asset at Shakespeare. With a solid track record of drilling and identified mineral targets, Graycliff is poised for further growth and success in the exploration sector.Graycliff Exploration Limited announced the appointment of David Lees as non-executive Chairman, succeeding Samuel "Kyler" Hardy, who has resigned. Nicholas Konkin joins the Board, bringing over a decade of experience in resource and technology startups and wealth management. This restructuring aims to support an ongoing exploration campaign in the 1,025 hectares of prospective land near Sudbury, which includes the historic Shakespeare Gold Mine site. The company expresses optimism for future developments.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) has released full assay results from its first drill hole (J-8-21) in the ongoing 2,000 metre phase two drilling program at the Shakespeare Gold Project in Ontario. The drill hole intersected a high-grade mineralized interval of 16.37 g/t gold over 16.0 metres, which includes a higher grade section of 67.10 g/t gold over 3.0 metres. A broader zone of mineralization has been identified, suggesting enhanced potential for further discoveries. Additional assay results are expected in the coming weeks.
Graycliff Exploration Limited (OTCQB: GRYCF) announced partial assay results from drill hole J-9-21 at its Shakespeare Gold Project, revealing two mineralized intervals. Highlights include:
- 0.95 m at 3.12 g/t Au from 109.85 m to 110.80 m
- 4.00 m at 52.09 g/t Au from 116.0 m to 120.0 m, including 0.60 m at 267.00 g/t Au
These results, located approximately 20 m down-dip from a highly promising previous drill hole, demonstrate the project's potential for high-grade gold. Further assay results from ongoing drilling are expected soon, boosting optimism among investors.
Graycliff Exploration Limited (OTCQB:GRYCF) has launched a comprehensive phase three drilling program at its Shakespeare Gold Project near Sudbury, Ontario. The program aims to drill approximately 5,000 metres with a second rig, enhancing data collection from earlier phases. The focus will be on gold mineralized zones near the Miller Shaft, supported by ongoing 3D modeling. Additionally, surface sampling and geophysical surveys at the Baldwin Project will complement the exploration efforts. The total drilling planned for the current programs now stands at about 8,500 metres.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) announced the identification of visible gold in several drill holes from its 2,000-meter phase two core drilling program at the Shakespeare Gold Project. The initial results indicated a high-grade identification of 67 g/t over 3.0 meters in Hole #8. CEO James Macintosh confirmed visible gold in three additional holes during a recent site visit and expressed optimism about the ongoing assay results expected in Q2 and Q3. The drilling aimed to expand previously identified mineralization in the area near the Miller Shaft.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF, FSE:GE0) announced significant partial assay results from its Shakespeare Gold Project. Drill Hole J-8-21 yielded a high-grade mineralized interval of 66.98 g/t gold over 3.0 m, located approximately 30 m down-dip from a previous drill hole that reported 8.59 g/t Au over 5.5m. This is a promising start for the ongoing 2,000 metre phase two core drilling program. Additional assay results are expected in the near future, indicating strong potential for further mineralization.
Graycliff Exploration Limited has acquired 68 mining claims covering approximately 1,500 hectares in the Baldwin Project, adjacent to its Shakespeare Gold Project in Ontario. This expansion increases the total property to 2,525 hectares, enhancing exposure to the Murry Fault. Historical exploration focused on uranium and nickel, but geological similarities suggest potential for gold exploration. Graycliff will issue 1,800,000 common shares for full ownership of the Baldwin Project, subject to a 2% net smelter royalty.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) has successfully completed its Phase 2 Drilling at the Shakespeare Gold Project, located near Sudbury, Ontario. The drilling program involved 14 core diamond drill holes totaling 2,000 meters, focusing on expanding previously identified mineralization. To date, Graycliff has drilled a total of 3,200 meters in 21 holes. Technical Advisor Bruce Durham expressed confidence in the potential of the mineralized zone, emphasizing the benefits of drilling in areas near historic headframes.
Graycliff Exploration Limited has successfully completed a private placement offering worth $2,434,750, consisting of 1,246,333 non-flow-through units and 1,875,000 flow-through shares. Each unit is priced at $0.75 and flow-through shares at $0.80. The financing will fund the exploration program at the Shakespeare Project in Ontario, Canada, ensuring the company is fully funded through 2022. Management is currently engaged in phase 2 drilling and expects to release assay results soon. Additionally, finder’s fees amounted to $167,808 in cash.
Graycliff Exploration Limited (OTCQB: GRYCF) announced the early conversion of $530,000 in convertible debentures issued in September 2020. Strategic shareholders opted to convert their debentures into 905,961 common shares, which includes 22,628 shares for accrued interest. This conversion eliminates the company's debt, enhancing its financial position. The debentures were originally convertible at $0.60 per share and were set to mature on September 24, 2022. Graycliff focuses on mineral exploration in Canada.
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