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Graycliff Exploration Expands Near Surface High-Grade Interval in Hole 8 to 16.37g/t Gold Over 16.0 Metres
TORONTO, ON / ACCESSWIRE / August 12, 2021 / Graycliff Exploration Limited (the "Company" or "Graycliff") (CSE:GRAY) (OTCQB:GRYCF) (FSE:GE0) is pleased to annou
About this update from Graycliff Exploration Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / August 12, 2021 / Graycliff Exploration Limited (the \"Company\" or \"Graycliff\") (CSE:GRAY) (OTCQB:GRYCF) (FSE:GE0) is pleased to announce expanded (full) assay results on the previously announced first drill hole of its over 2,000 metre (\"m\") phase two core drilling program 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 16.37 g/t gold (\"Au\") over 16.0 metres including the previously announced interval of 67.10 g/t Au over 3.0 m (see Press Release dated May 19, 2021), as detailed below: Drill Hole From (m) To (m) Width (m)1 Au (g/t) 2 J-8-21 89.0 105.0 16.00 16.37 including 90.5 102.0 10.52 6.50 also including 102.0 105.0 3.00 67.10 as well as 102.3 103.0 0.70 90.10 and 104.0 105.0 1.00 137.00 1 - Reported intervals are down-hole lengths and not true thicknesses. 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 un-capped gold assay data. \"Based on our analysis of the drill hole J-8-21, our first hole from the phase two drilling, in combination with prior results, we now believe that there is one larger zone of mineralization, not two narrower parallel zones as shown in earlier press releases. This broad 16 metre section with two distinct high-grade intervals is located approximately 30 metres down-dip of the mineralization that we reported from drill hole J-7-20. We expect to able to release additional assay results from the phase two drilling in the coming weeks,\" stated President and CEO, James Macintosh. Phase Three drilling continues in the vicinity of the Miller shaft, along strike and down-dip of the high-grade intersection in hole J-8-21. A number of batches of samples have been delivered to the analytical lab in Sudbury and assay results are expected in September for several holes. Figure 1 - Hole J-8-21 Location and Cross Section 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. About Graycliff Exploration Limited Graycliff Exploration is a mineral exploration company focused on its 1,025 hect...