Graycliff Exploration Acquires Mining Claims at Past Producing Shakespeare Gold Project
(firmenpresse) - TORONTO, ON - October 15, 2020 - Graycliff Exploration Limited (the Company or Graycliff) (CSE: GRAY and FSE: GE0) is pleased to announce that the Company has acquired additional mining claims comprising approximately 330 hectares (the New Claims) at the Companys Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario. Graycliffs ground package now comprises 847 hectares.
The New Claims are comprised of two blocks totalling 15 mining claims (see figure 1), which are located to the northeast and southwest of the past producing Shakespeare Mine. The New Claims, in red, abut Graycliffs current claims, in black, and extend Graycliffs exposure to over 6 kilometers (km) of strike along the prospective Shakespeare gold horizon, in yellow, at its Shakespeare Gold Project.
With the purchase of the 15 new mining claims, we now control approximately 6 km of identified strike length. In addition, the historic gold and silver values generated on our existing claims, our recent due diligence on the New Claims identified chalcopyrite samples. These new claims will now be included in our exploration program, stated James Macintosh, President and CEO.
Under the terms of the Acquisition, Graycliff will issue 975,000 common shares for the New Claims.
https://www.irw-press.at/prcom/images/messages/2020/53810/GRAY press - New Property - Oct 15PRcom.001.png
Figure 1 - Map of Graycliff claims with existing claims (in black), New Claims (in red) and the prospective Shakespeare Gold Horizon (in yellow)
Qualified Person
Bruce Durham, P.Geo, is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release.
About Graycliff Exploration Limited.
Graycliff Exploration is a mineral exploration company focused on its 847 hectares of prospective ground, located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield. The Company''s Shakespeare Project consists of 39 claims on a property associated with the historic Shakespeare Gold Mine, which operated from 1903 to 1907.
For more information, contact investor relations at investors(at)graycliffexploration.com
On Behalf of the Board of Directors,
James Macintosh
President and CEO
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Outcrop Expands Megapozo with Multiple High-Grade Intercepts at the Santa Ana Project">
" alt="Notification of relevant change to significant shareholder">
Datum: 15.10.2020 - 00:18 Uhr
Sprache: Deutsch
News-ID 1561476
Anzahl Zeichen: 3598
contact information:
Contact person:
Town:
Wien
Phone:
Kategorie:
Business News
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 237 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Graycliff Exploration Acquires Mining Claims at Past Producing Shakespeare Gold Project
"
steht unter der journalistisch-redaktionellen Verantwortung von
Graycliff Exploration Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
