Graycliff Exploration Ltd C.GRAY

Alternate Symbol(s): GRYCF

Graycliff Exploration Limited is a Canada-based mineral exploration company. The Company is focused on its approximately 1,468 hectares of prospective ground, located roughly 80 kilometers west of Sudbury on the prolific Canadian Shield. The Company's Shakespeare Project consists of one crown patented lease, two crown leases and approximately 40 claims on a property associated with the historic Shakespeare Gold Mine. The Company has drilled over 12,500 meters at Shakespeare, with visible gold identified in multiple holes.

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Graycliff Exploration Ltd

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Post by alphaflighton May 19, 2021 12:08pm

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Post# 33230283

Graycliff Exploration Drills 67 g/t Au Over 3M Near Surface

Graycliff Exploration Drills 67 g/t Gold

Over 3.0 Metres Near Surface

TORONTO, ON - May 19, 2021 - Graycliff Exploration Limited (the “Company” or “Graycliff”) (CSE: GRAY) (OTCQB: GRYCF) (FSE: GE0) is pleased to announce limited assay results of the first drill hole of its over 2,000 metre (“m”) phase two core drilling program (see Press Release dated April 22, 2021) on the Company’s Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario.

Drill Hole J-8-21 intersected a mineralized interval of 66.98 g/t gold (“Au”) over 3.0 m, as detailed below:

“While the Company is not in the practice of releasing partial results from its drill holes, the results received were significant enough to warrant their immediate release. We are optimistic that the results from the additional samples from hole J-8-21 that are currently at the lab will be available in the near future. Obviously, more than 2 ounces per ton over 3 metres is an exceptional start for our phase two drilling program,” stated President and CEO, James Macintosh.

This high-grade gold intersection in drill hole J-8-21 is located approximately 30 m down-dip of the mineralization reported from drill hole J-7-20 that highlighted an interval grading 8.59 g/t Au over 5.5m (see Cross Section “A-A” in Press Release dated March 24, 2021). Sample materials from several other drill holes have been delivered to the assay lab and those assay results are expected to be available in somewhat regular intervals over the coming weeks.

About Graycliff Exploration Limited.

Graycliff Exploration is a mineral exploration company focused on its 847 hectares of prospective ground, located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield. The Company's Shakespeare Project consists of 39 claims on a property associated with the historic Shakespeare Gold Mine, which operated from 1903 to 1907.