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Graycliff Exploration intersects high grade interval in hole 21 of 19.38 g / t gold over 4.20 meters at Shakespeare project, Ontario

By on November 8, 2021 0

Graycliff Exploration Limited is pleased to announce additional assay results from drilling on its Shakespeare gold project located on the prolific Canadian Shield near Sudbury, Ontario. The final results come from the 2,200-meter phase two program that focused on defining the extent of gold mineralization near the historic Miller well where the initial gold mining took place more than 100 years old.

Graycliff Exploration Limited (the “Company” or “Graycliff”) (CSE: GRAY) (OTCQB: GRYCF) (FSE: GE0) is pleased to announce additional assay results from drilling on its Shakespeare gold project located on the prolific Canadian Shield near Sudbury, Ontario. The final results come from the 2,200-meter phase two program that focused on defining the extent of gold mineralization near the historic Miller well where the initial gold mining took place more than 100 years old.

Holes J-21-21 intersected a mineralized interval of 19.38 g / t gold (“Au”) over 4.20 meters, including 13.10 g / t Au over 1.0 m and 112.00 g / t over 0.60 meter. The significant intervals for holes J-18-21 to J-21-21 are detailed below:

Borehole

From (m)

To M)

Width (m)1

Au (g / t) 2

D-18-21

30.00

32.00

2.00

1.30

D-19-21

No significant intervals

D-20-21

No significant intervals

D-21-21

138.00

142.20

4.20

19.38

Including

139.00

140.00

1.00

13.10

And

140.80

141.40

0.60

112.00

1 – The reported intervals are downhole lengths and not actual thicknesses. The true width of the mineralization cannot be determined due to the early stage nature of the current program.

2 – Length-weighted average grades are calculated using uncapped gold assay data.

Table 1 – Results highlighted from hole J-18-21 to J-21-21

President and CEO James Macintosh said, “Drill hole J-21-21, which showed a significant amount of gold visible in the drill core, gave another great result which was also one of our deeper mineralized intersections in the drill core. first two phases. This continues to support our theory that the deposit is open at depth and along strike. Phase two drilling results are now complete and we are focusing on phase three, which has been underway since early summer. We have now successfully extended our mineralized zone to a width of over 115 meters.

Qualified person

Bruce Durham, P.Geo, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release.

Figure 1 – Location and cross section of holes J-18-21 to J-21-21

About Graycliff Exploration Limited

Graycliff Exploration is a mining exploration company focused on its 1,025 hectares of promising land, located approximately 80 kilometers west of Sudbury on the prolific Canadian Shield. The Company’s Shakespeare Project consists of a patented Crown lease, two Crown leases and 40 claims on property associated with the historic Shakespeare Gold Mine, which operated from 1903 to 1907. Graycliff’s Baldwin Project is adjacent to the east and consists of 68 claims covering 1,500 hectares.

QA / CQ protocol: https://graycliffexploration.com/wp-content/uploads/2021/06/graycliffexploration-qa-qc-protocols-june-2021.pdf

For more information, contact Investor Relations at 1-647-249-7664 ext. 322 or [email protected]

On behalf of the Board of Directors,

James macintosh
President and CEO

Neither the Canadian Securities Exchange nor its regulatory services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.

This press release may contain forward-looking information within the meaning of Canadian securities legislation concerning the activities of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which this forward-looking information is based are reasonable, one should not place undue reliance on forward-looking information as the Company cannot guarantee that it will prove to be correct. The forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention or obligation to publicly update any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

THE SOURCE: Graycliff Exploration Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/671578/Graycliff-Exploration-Intersects-High-Grade-Interval-in-Hole-21-of-1938-gt-Gold-over-420-Metres-at-Shakespeare-Project- Ontario


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