Graycliff Exploration to Webcast Live at VirtualInvestorConferences.com on December 9th
HomeNewsGraycliff Exploration to Webcast Live at VirtualInvestorConferences.com on December 9th
TORONTO, Dec. 1, 2021 /PRNewswire/ — Graycliff Exploration Limited (CSE: GRAY) (OTCQB: GRYCF) (FSE: GE0), a mineral exploration company focused on its 1,025 hectares of prospective ground located on the prolific Canadian Shield approximately 80 kilometres west of Sudbury, Ontario, today announced that James Macintosh, President & CEO, will present live at VirtualInvestorConferences.com on December 9th, 2021 at 1:30 pm EST.
This will be a live, interactive online event where investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com.
Graycliff’s 100%-owned flagship Shakespeare Project has a prospective gold-bearing horizon of over 6 km, which hosts a past-producing high-grade gold mine. Historic exploration was completed intermittently between 1938 and 2014, including trenching, sampling, and limited drilling.
Graycliff acquired the project in August 2019 and is amidst Phase 3 of drilling:
Phase 1 (1,200 m) was completed in 2020, highlighted by Hole 1, which returned 5.5 g/t Au over 4.6 m; Hole 3, which returned 5.4 grams of g/t Au over 5.0 m; and Hole 7, which returned 8.6 grams of g/t Au over 5.5 m.
Phase 2 in H1 2021 (1,700 m) produced such intercepts as Hole 8 with 16.4 g/t Au over 16.0 m, Hole 9 with 13.3 g/t Au over 16.0m, Hole 17 with 4.8 grams of g/t Au over 3.0 m, and Hole 21 with 19.4 g/t Au over 4.2 m.
Phase 3 – the largest program to date (5,000m+) – is underway. Assays from the first dozen holes are pending.
Comprehensive 3D modelling is ongoing and will include historic mine workings, field sampling, and data from all three phases of drilling.
Next steps for Shakespeare Project include line cutting for ground geophysics program; airborne geophysics; ongoing prospecting along trend to identify new exploration targets along the known gold horizon.
Graycliff also owns 1,500-hectare Baldwin Project adjacent to Shakespeare. Initial due diligence suggests that both projects share similar geological features.
Tight capital structure: 25M shares out with >30% held by management, insiders, and strategic shareholders.
About Graycliff Exploration Limited
Graycliff Exploration is a mineral exploration company focused on its 1,025 hectares of prospective ground, located roughly 80 kilometres 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. The two projects together could be the beginning of a new Ontario Gold Camp.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.
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