By: Dylan Sikes – AllPennyStocks.com News

Tuesday, June 1, 2021

Mining can be complex sometimes, with professional geologists tossing out technical jargon that is difficult, if not impossible, for an average Joe to comprehend. Luckily, the century-old adage, “a picture is worth a thousand words” can traverse any nomenclature disconnects. Rather than proffer a wordy, over-technical press release on Thursday, Graycliff Exploration Limited (CSE:GRAY) (OTCQB:GRYCF) let some images do the talking about what they’re finding at their gold project outside of Sudbury, Ontario.

The Toronto-based company is actively exploring its 1,025-hectare Shakespeare Project that hosts the historic Shakespeare Gold Mine. Earlier this month, Graycliff acquired the 1,500-hectare Baldwin Project adjacent to the east of Shakespeare. The property is in the prolific Canadian Shield and, more specifically, an area with an interesting history that explains how the gold and other metals got there which included being hit by a meteor nearly two billion years ago.

After a successful Phase 1 drilling campaign at Shakespeare last year, Graycliff completed a Phase 2 drilling program in April. The purpose of the 14-hole, 2,000-metre Phase 2 program was to expand upon previously identified mineralization and a new mineralized zone discovered during Phase 1 drilling located in the nearby Miller Shaft and Number 3 adit (a horizontal entrance to an underground mine) of the Shakespeare Mine.

You don’t have to have P.Geo after your name to understand what the drill rig cut through as illustrated in this image.

 That’s gold, and the red circles of the marker identify plenty of it.

The cores from the Phase 2 drilling are currently at the lab being analyzed. So far, Graycliff only has the results from part of one hole (officially labeled “J-8-21” but shortened simply to “#8”), which showed a near-surface intersect of 67 grams per tonne (g/t) gold over 3.0 meters, including 1.0 meter grading 137.0 g/t gold.

As can be gleaned from the comments of Graycliff CEO James Macintosh, there will be some more good news coming when other assays are released.

"During my visit to our Core Shack earlier this week, I confirmed the presence of visible gold in three holes, in addition to Hole #8,” said Macintosh in Thursday’s news release. He went on to say that results from the rest of hole 8 and the other 13 holes would be coming from the lab at regular intervals during June and into the third quarter.  

“The ongoing logging of the core and shipment of samples to the assay lab for analysis is proceeding well and the core is showing great consistency from phase one to phase two," commented Macintosh.

“Great consistency” is quite telling considering the images and the results from part of #8, which was drilling about 30 metres down-dip from a hole in Phase 1 drilling that intersected 8.59 g/t gold over 5.5 metres. Factor in Macintosh saying he saw gold in three other holes and investors are going to have plenty to look forward to in the coming weeks and months when the assay results keep trickling in.

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