The Company began Phase Four drilling in Q1 2022 and has already completed 11 holes totalling over 2,500 metres (“m”). Graycliff’s focus for Phase Four drilling is to add additional critical mass to the mineralized zone and to extend the mineralized zone along strike and to depth.
Drill hole information and surface data has now traced gold assays and VG from surface to depths of greater than 250 m, where the main zone remains open to further expansion. The Company is also engaged in other surface exploration on its large land package.
Bruce Durham, Graycliff’s Technical Advisor and QP, stated: “The fact that we are continuing to find VG in roughly 10% of all of the holes we have drilled is very promising. Having VG in four out of 11 holes in this phase is a strong sign that this mineralization may extend for considerable distances. We have reason to believe that this style of gold mineralization may be part of a system that repeats itself elsewhere on the property. We are eagerly awaiting the results from this phase of drilling.”