Welcome to our dedicated page for Graycliff Expl news (Ticker: GRYCF), a resource for investors and traders seeking the latest updates and insights on Graycliff Expl stock.
Graycliff Exploration Limited (CSE: GRAY, OTC Pink: GRYCF) is a mineral exploration company focused on gold ore mining projects on the Canadian Shield near Sudbury, Ontario. The company’s news flow centres on developments at its Shakespeare Project, a 1,468-hectare property made up of one crown patented lease, two crown leases and 40 claims associated with the historic Shakespeare Gold Mine.
News releases from Graycliff highlight exploration progress, portfolio changes and corporate actions. The company has reported drilling over 12,500 metres at Shakespeare, with visible gold identified in multiple holes, and has provided updates as it shifted its focus by signing a binding Letter of Intent and then a Purchase and Sale Agreement to divest its Baldwin and Lunge Projects to EV Minerals Corporation. These announcements explain how Graycliff is concentrating its efforts on Shakespeare following the transaction.
Investors following GRYCF news will also see regular coverage of financing and capital structure decisions. Graycliff has announced non-brokered private placements, detailing unit structures with common shares and warrants, intended use of proceeds for exploration and working capital, and conditions such as Canadian Securities Exchange approval. The company has also issued news about share consolidations, including a one-for-two reverse split and a later proposed one-for-four consolidation, along with related CUSIP and ISIN changes.
Corporate governance and strategic updates form another key category of Graycliff news. Releases have described leadership changes, such as the appointment of a new President and Chief Executive Officer and the transition of a previous executive to Chairman, as well as participation in investor conferences to discuss drilling results and planned work programs. For ongoing coverage of these exploration, financing and corporate developments, this news page aggregates Graycliff’s publicly released information in one place.
Graycliff Exploration Limited (OTCQB: GRYCF) announced the resumption of drilling at its Shakespeare Gold Project in Ontario as part of the phase two exploration program. The company is awaiting assay results from the last three holes of the initial phase, which revealed a new mineralized zone. The second phase consists of 1,000 meters of drilling, focusing on the area near Miller Shaft. Following the results, Graycliff plans to create a 3D model to better understand gold distribution. The project is part of a historical site that operated from 1903 to 1907.
Graycliff Exploration Limited announced significant results from its latest drill holes, J-3-20 and J-4-20, as part of the 2020 exploration program at the Shakespeare Gold Project in Ontario. Drill hole J-3-20 revealed a near-surface gold mineralization of 5.37 g/t over 5.0 meters, including 18.50 g/t over 1.0 meter. J-4-20 confirmed the mineralization extends at depth. The company continues to analyze samples from three additional drill holes, with results expected in March. This drilling phase aims to extend known mineralized areas, enhancing potential resource estimates.
Graycliff Exploration Limited (OTCQB: GRYCF) announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the U.S. This eligibility is expected to enhance the trading process for investors and brokers, allowing greater accessibility through a wider range of brokerage firms. Graycliff's Shakespeare Project, operating on 847 hectares near Sudbury, Ontario, is positioned on a site with historical significance from the early 1900s.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) announced promising results from its drilling program at the Shakespeare Gold Project near Sudbury, Ontario. Notable highlights include 5.51 g/t gold over 4.60 meters in drill hole J-1-20, with 23.60 g/t over 0.80 m. The drilling has expanded the known gold mineralization area and revealed a new zone parallel to historical findings. The program continues with five additional drill samples at the lab, and Phase 2 is set to begin by the end of Q1 2021.
Graycliff Exploration Limited announced positive results from its 2020 Shakespeare Gold Project field study in Ontario. The study revealed a new target area, the Harmer Zone, with copper values up to 3.47% and anomalous silver at 11.8 g/t. This semi-massive sulfide zone spans 75 m and appears open along strike, indicating potential for further exploration. The company plans to incorporate the Harmer Zone into its expanded 2021 exploration program following drilling results from its fall 2020 program.