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 reports news centered on its public-company governance, capital structure and mineral exploration activities, including references to its Shakespeare gold project. Company updates include board and executive appointments, annual meeting voting results, auditor appointments, shareholder matters and receipt of audited financial statements and MD&A.
Recurring announcements also cover equity financing activity, common share and warrant terms, proposed capital-structure changes and material agreements tied to exploration data and project assets. The company trades on the CSE under GRAY and on the OTC Pink market under GRYCF.
Graycliff Exploration Limited (OTCQB:GRYCF) has launched a comprehensive phase three drilling program at its Shakespeare Gold Project near Sudbury, Ontario. The program aims to drill approximately 5,000 metres with a second rig, enhancing data collection from earlier phases. The focus will be on gold mineralized zones near the Miller Shaft, supported by ongoing 3D modeling. Additionally, surface sampling and geophysical surveys at the Baldwin Project will complement the exploration efforts. The total drilling planned for the current programs now stands at about 8,500 metres.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) announced the identification of visible gold in several drill holes from its 2,000-meter phase two core drilling program at the Shakespeare Gold Project. The initial results indicated a high-grade identification of 67 g/t over 3.0 meters in Hole #8. CEO James Macintosh confirmed visible gold in three additional holes during a recent site visit and expressed optimism about the ongoing assay results expected in Q2 and Q3. The drilling aimed to expand previously identified mineralization in the area near the Miller Shaft.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF, FSE:GE0) announced significant partial assay results from its Shakespeare Gold Project. Drill Hole J-8-21 yielded a high-grade mineralized interval of 66.98 g/t gold over 3.0 m, located approximately 30 m down-dip from a previous drill hole that reported 8.59 g/t Au over 5.5m. This is a promising start for the ongoing 2,000 metre phase two core drilling program. Additional assay results are expected in the near future, indicating strong potential for further mineralization.
Graycliff Exploration Limited has acquired 68 mining claims covering approximately 1,500 hectares in the Baldwin Project, adjacent to its Shakespeare Gold Project in Ontario. This expansion increases the total property to 2,525 hectares, enhancing exposure to the Murry Fault. Historical exploration focused on uranium and nickel, but geological similarities suggest potential for gold exploration. Graycliff will issue 1,800,000 common shares for full ownership of the Baldwin Project, subject to a 2% net smelter royalty.
Graycliff Exploration Limited (CSE:GRAY, OTCQB:GRYCF) has successfully completed its Phase 2 Drilling at the Shakespeare Gold Project, located near Sudbury, Ontario. The drilling program involved 14 core diamond drill holes totaling 2,000 meters, focusing on expanding previously identified mineralization. To date, Graycliff has drilled a total of 3,200 meters in 21 holes. Technical Advisor Bruce Durham expressed confidence in the potential of the mineralized zone, emphasizing the benefits of drilling in areas near historic headframes.
Graycliff Exploration Limited has successfully completed a private placement offering worth $2,434,750, consisting of 1,246,333 non-flow-through units and 1,875,000 flow-through shares. Each unit is priced at $0.75 and flow-through shares at $0.80. The financing will fund the exploration program at the Shakespeare Project in Ontario, Canada, ensuring the company is fully funded through 2022. Management is currently engaged in phase 2 drilling and expects to release assay results soon. Additionally, finder’s fees amounted to $167,808 in cash.
Graycliff Exploration Limited (OTCQB: GRYCF) announced the early conversion of $530,000 in convertible debentures issued in September 2020. Strategic shareholders opted to convert their debentures into 905,961 common shares, which includes 22,628 shares for accrued interest. This conversion eliminates the company's debt, enhancing its financial position. The debentures were originally convertible at $0.60 per share and were set to mature on September 24, 2022. Graycliff focuses on mineral exploration in Canada.
Graycliff Exploration Limited (OTCQB: GRYCF) has announced the acquisition of key mining leases surrounding the historic Shakespeare Gold Mine in Ontario. The acquisition comprises 98 hectares of land and was completed through the issuance of 250,000 common shares. This strategic expansion aims to enhance the company’s potential for mineral exploration and development in the area.
Graycliff Exploration Limited (OTCQB: GRYCF) announced positive results from the final three drill holes of its 2020 core drilling program at the Shakespeare Gold Project near Sudbury, Ontario. Notable findings include 8.59 g/t gold over 5.5 metres in Drill Hole J-7-20, with a peak of 43.60 g/t over 1.0 metre. The company has begun phase two drilling and anticipates further assay results in Q2 2021. These results extend the mineralized zone and suggest parallel structures near the historic Miller Shaft, boosting investor confidence in ongoing exploration efforts.
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.