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Graycliff Exploration Reports Further High-Grade Gold Assay Results in Phase 4 Drilling at Shakespeare Project, Ontario
Expands the Width and Breadth of the Mineralized Zone Toronto, Ontario--(Newsfile Corp. - October 11, 2022) - Graycliff Exploration Limited (CSE: GRAY) (OTCQB:
About this update from Graycliff Exploration Limited
[{"type":"text","content":" Expands the Width and Breadth of the Mineralized Zone Toronto, Ontario--(Newsfile Corp. - October 11, 2022) - Graycliff Exploration Limited (CSE: GRAY) (OTCQB: GRYCF) (FSE: GE0) (the \"Company\" or \"Graycliff\") is pleased to release the next batch of assay results from the Phase Four drilling program at the Shakespeare Gold Project located on the Canadian Shield near Sudbury, Ontario. Phase Four drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth. Drill Hole J-52 intersected 14.39 grams per tonne of gold (\"g/t Au\") over 3.0 metres (\"m\"), including 41.00 g/t Au over 1.0 m. Additionally, J-53 intersected 5.35 g/t Au over 5.0 m, including 21.40 g/t Au over 1.0 m. Significant intervals for Holes J-52 to J-53 are detailed below. Table 1 - Highlighted Gold Assay Results from Holes J-52 to J-53 Drill Hole From (m) To (m) Width (m)1 Au (g/t) 2 J-52 175.0 178.0 3.00 14.39 including 176.0 177.0 1.00 41.00 J-53 173.0 174.0 1.00 1.31 180.0 185.0 5.00 5.35 including 180.0 181.0 1.00 21.40 196.0 197.0 1.00 1.58 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. James Macintosh, Graycliff's President and CEO, stated: \"Drill Hole J-52 was drilled to the northeast and expanded the width and breadth of the mineralization zone. Hole J-53 intersected three anomalous intervals at depth of over 150 m from surface within a 25 m section of the hole. Given the intersection of high grades over the strike as well as depth drilled to date, we feel it's time for us to initiate preliminary metallurgical sample test work. Our team will complete one or several drill holes of large diameter to collect material for the anticipated work. This should become an important step in moving the Shakespeare Project forward.\" Figure 1 - Holes J-52 to J-53 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...