Intersects Mineralisation Grading 5.37 g/t Over 5.0M
Graycliff Exploration Limited (CSE:GRAY) has intersected shallow gold mineralisation in the latest two drill holes from the 2020 phase one exploration core drilling programme on the company’s Shakespeare Gold Project located on the prolific Canadian Shield near Sudbury, Ontario.
Drill Hole J-3-20 intersected a near-surface mineralised interval of 5.37 g/t gold (Au) over 5.0m, including 18.50 g/t Au over 1.0m and 4.34 g/t Au over 0.7m.
The hole confirmed the extension of the interpreted mineralised zone between holes J-1-20 (angled north) and J-2-20 (angled northwest),
Drill HoleJ-4-20, which was positioned 25 m to the southeast and angled between J-2-20 and J-3-20 to test the zone at depth, confirmed that the interpreted zone of mineralisation remains open at depth.
President and CEO, James Macintosh, said Phase 1 of the 2020/21 Drill Programme was focused on extending the previously identified mineralised area in the vicinity of Miller Shaft above the level of the #3 Adit.
“The latest two drill holes from our 2020 drilling confirm that the previously identified mineralisation extends at depth and along strike,” Mr Macintosh said.
“Drill hole J-3-20 intersected strong gold mineralisation, but most importantly shows that the mineralisation extends to the east.
“Drill hole J-4-20 intersected similar structures and veining in sulphides with a lower, but still very anomalous gold content, something not uncommon in Archean vein associated gold mineralized zones.”
The company’s Technical Advisor and Qualified Person, Bruce Durham, said the intersection of strong gold mineralisation again in this early phase of drilling is encouraging.
“Even the mineralisation and structure intersected in J-4-20 indicates there is strong deformation and that these gold bearing veins and shears continue at depth.”
The Shakespeare mine operated from 1903 to 1907 and produced 2,959 oz of gold, when gold was US$19 per oz.
