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Graycliff Exploration Intersects Near-Surface Gold Mineralization Grading 4.83 g/t Over 3.0 Metres at Shakespeare Project, Ontario
TORONTO, ON / ACCESSWIRE / November 4, 2021 / Graycliff Exploration Limited (the "Company" or "Graycliff") (CSE:GRAY) (OTCQB:GRYCF) (FSE:GE0) is pleased to anno
About this update from Graycliff Exploration Limited
[{"type":"text","content":" TORONTO, ON / ACCESSWIRE / November 4, 2021 / 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 latest results are from the 2,200-metre Phase Two program that focused on defining the extent of gold mineralization proximal to the historic Miller where initial gold mining took place more than 100 years ago. Drill Holes J-17-21 intersected two mineralized intervals seven (7) metres (\"m\") apart with the higher interval returning 4.83 g/t gold (\"Au\") over 3.0 m, including 13.40 g/t Au over 1.0 m. Drill Hole J-15-21 was terminated early after intersecting a fault. Significant intervals for holes J-15-21 to J-17-21 are detailed below: Drill Hole From (m) To (m) Width (m)1 Au (g/t) 2 J-15-21 No Significant Intervals J-16-21 63.30 64.00 0.70 1.29 68.40 69.40 1.00 9.48 J-17-21 79.00 80.00 1.00 1.09 87.00 90.00 3.00 4.83 Including 87.00 88.00 1.00 13.40 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. Table 1 - Highlighted Results from Holes J-15-21 to J-17-21 \"Thus far, the assay results from the Phase Two core drilling program continue to expand the defined strike length of the known gold mineralization proximal to the historic Miller shaft. We have now reported gold mineralization along a strike length of approximately 115 metres, and we have not yet defined a lower limit to the gold mineralization that includes significant gold values as well as visible gold in strongly veined and silicified schist with associated sulphide mineralization. As previously indicated by the Company's CEO, we expect that our efforts to develop a 3D model for the geology, structure and gold mineralization close to where we are drilling will help us better define the structural and mineralogical parameters associated with the gold mineralization at Shakespeare. We also anticipate that our ongoing modelling will provide us with new \"blue sky\" targets along the six kilometres of general strike length. Based on our work to date, we see no ...