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New Listing: Graycliff Exploration (CSE:GRAY)

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The company has an option to acquire 100% undivided interest in the Shakespeare Property, which is located approximately 80 kilometers west of Sudbury, Ontario and consists of 24 mineral claims covering 517 hectares in two contiguous blocks.

Additional Information:

Company: Graycliff Exploration
Website: http://www.GraycliffExploration.com
Stock Symbol: CSE: GRAY
Date Published: Aug 4, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Graycliff Exploration, a Canadian mineral exploration company, is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “GRAY”.

The company has an option to acquire 100% undivided interest in the Shakespeare Property, which is located approximately 80 kilometers west of Sudbury, Ontario and consists of 24 mineral claims covering 517 hectares in two contiguous blocks.

The property, reached on Highway 17 from Sudbury, is located in the area of the historic Shakespeare gold mine, which was in operation from 1903 to 1907 and reported production of a total of 2,959 ounces of gold from six underground levels.

Based on descriptions of the mineralization at the historic Shakespeare mine, the exploration model suggested for the Shakespeare property is the model for orogenic gold deposits.

Historic exploration was completed on the property intermittently between 1938 and 2014, including trenching, sampling and limited drilling.

An IP survey completed in 2012 delineated a zone of high chargeability, however, this anomaly was not interpreted in a geological context.

In 2014, GeoNovus Minerals Corp. completed three diamond drill holes totaling 371 meters, with a thin mineralized zone delineated in the area of the historic mine workings.

However, GeoNovus Minerals Corp. did not complete any step-out holes to determine the continuation of this zone.

In 2017, BTU Capital Corp. carried out a short drilling campaign on the property and commissioned an Independent Technical Report on the property.

The company has budgeted $100,000 for a recommended Phase 1 program to include compiling the 2014 and 2017 drilling programs and the 2012 magnetic and IP surveys in 3D and interpreting the geophysical results in a geological context for further understanding the factors that control the location of the mineralization.

Independent of the success of Phase 1, a diamond drilling campaign of approximately 1,000 meters is recommended as part of a Phase 2 program budgeted at approximately $300,000.

The shares are trading at $0.30.

For more information, please visit the company’s website www.GraycliffExploration.com, contact James Macintosh, President and CEO, at 416-862-7003 or by email at info@GraycliffExploration.com.

I’m Megan Edwards for Investmentpitch Media