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Graycliff Exploration releases results at Shakespeare Gold Project near Sudbury

Sep 20, 2022

Graycliff Exploration Limited has released the final batch of assay results from the Phase Three drilling program at its Shakespeare Gold Project located on the Canadian Shield near Sudbury. Phase Three (see press release dated June 3, 2021) focused on expanding on the extent of gold mineralization proximal to the historic Miller Shaft where initial gold mining took place more than 100 years ago.

Drill Hole J-43 intersected 1.29 grams per tonne of gold ("g/t Au") over 5.00 metres ("m"). Significant intervals for Holes J-40 to J-45 are detailed in Table 1.

"It is normal, particularly where visible gold is frequent, for the grades to vary throughout the drill program and we are happy to have encountered some exceptionally good intercepts throughout Phase Three drilling, but what's even more important is that we continue to extend the zone of mineralization. We are proving that gold is present throughout the zone to over 250 metres below surface. Each phase of drilling is giving us a better understanding of the extent of the vein system we are dealing with and aids us in understanding the gold distribution to help develop the next program. Phase Four drilling is progressing well, and we look forward to updating the market on our progress," said Bruce Durham, Graycliff's Technical Advisor and QP.

"As mentioned in our press release of June 7,, 2022, we have identified visible gold in multiple holes drilled in Phase 4. We are optimistic about the results from those initial phase four drill holes that we should be able to release in the ensuing weeks," added James Macintosh, President and CEO.

Tags: Northern Ontario / Exploration / Gold / All Articles