Graycliff Exploration Ltd. [GRAY-CSE; GRYCF-OTCQB; GEO-FSE] reported first assay results from phase 4 drilling at its 100%-owned Shakespeare gold project, located on the Canadian Shield near Sudbury, Ontario. Phase 4 drilling focused on testing the boundaries of the mineralized zone, both along strike and at depth.
Drill Hole J-48 intersected 10.93 g/t gold over 9.0 metres, including 19.0 g/t gold over 1.0 metres, 28.6 g/t gold over 1.0 metre and 24.5 g/t gold over 1.0 metre. Drill Hole J-46 intersected 4.43 g/t gold over 7.0 metres, including 6.84 g/t gold over 1.0 metre and 18.8 g/t gold over 1.0 metre.
James Macintosh, president and CEO, stated: “The first three holes from this phase of drilling intersected the strongly sericitized, altered and veined zone we have been defining proximal to the Miller Shaft. Visible gold was noted in both Holes J-46 and J-48, with the occurrence of visible gold and good assays in Drill Hole J-46 representing the most westerly gold intersection to date at depth from the Miller Shaft. The gold zone remains untested westerly and below Drill Hole J-46. These results provide further evidence that strong gold grades exist throughout the mineralized zone. We look forward to receiving more assays from the initial holes drilled in this program.”
Graycliff Exploration is focused on its 1,025 hectares of prospective ground, located roughly 80 km west of Sudbury on the prolific Canadian Shield. The company’s Shakespeare Project consists of one crown patented lease, two crown leases and 40 claims on a property associated with the historic Shakespeare Gold Mine, which operated from 1903 to 1907. Graycliff’s Baldwin Project is adjacent to the east and is comprised of 68 claims covering 1,500 hectares.