Graycliff Exploration is pleased to report the completion of a non-brokered placement offering of 1,560,000 common shares of the Company, issued on a flow-through basis at a price of $0.50 per share for gross proceeds of $780,000. The Company intends to use the net proceeds from the Financing to expand the 2020-2021 exploration program at the Company’s Shakespeare Project in Ontario, Canada.
Graycliff Exploration announces that, effective December 16, 2020, it will begin trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “GRYCF”. The OTCQB is a US trading platform that is operated by the OTC Markets Group in New York. Graycliff’s OTCQB information can be found on the OTC Markets’ website. With the commencement of trading on the OTCQB, Graycliff will now be available for trading on three marketplaces around the world including the Canadian Securities Exchange (“CSE”) and the Frankfurt Stock Exchange (“FSE”).
Graycliff Exploration is pleased to announce that the Company’s maiden drill program has commenced at the Shakespeare Gold Project, near Sudbury, Ontario. Graycliff will complete 2,000 metres (“m”) of core drilling in 2020. The program will initially be focused on the area surrounding the former Shakespeare Mine shaft and along strike for over six (6) kilometres following the prospective gold horizon that the Company has identified through its analysis of historical data.
Graycliff Exploration is pleased to announce that the Company has identified a new exploration target as a result of its recent visit to the property that was prompted by an in-depth review of historical data during 2020 on the Company’s Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. The historical review identified that the exploration adit driven into the 3rd level (the “#3 Adit”) of the past producing Shakespeare Gold Mine was historically sampled, however it was never drilled or mined. Following the site visit, which confirmed easy access to the area, Graycliff is now considering the possibility of re-opening the #3 Adit. This would allow the exploration team access to carry out channel sampling along the mineralized gold zones and to drill a greater number of shorter, targeted core holes from the underground access tunnel.