Graycliff Exploration Announces Acquisition of Key Mining Leases at Shakespeare Gold Project
Graycliff Exploration Announces Acquisition of
Key Mining Leases at Shakespeare Gold Project
TORONTO, ON - March 30, 2021 - Graycliff Exploration Limited (the “Company” or “Graycliff”) (CSE:
GRAY) (OTCQB: GRYCF) (FSE: GE0) is pleased to announce that it has acquired key mining leases and
claims which consolidate the ground surrounding the past producing Shakespeare Gold Mine located
within Graycliff‘s Shakespeare Gold Project (“Shakespeare”) located on the prolific Canadian Shield
near Sudbury, Ontario.
The Crown Patented Lease, the two Crown Leases and the Claim represent 98 hectares of very
prospective ground contiguous with the claims currently controlled by Graycliff in Shake speare
Township (see Figure 1). The new ground is directly southeast of area where the Phase 2 drilling is
underway (see press release dated March 11, 2021).
“This new ground is strategic for the Company due to its proximity to the recently expanded
mineralized areas around the Miller Shaft and the potential for th ose zones to extend along strike
onto that ground,” states President and CEO, James Macintosh. “We recognize the decades of hard
work by the prospector who worked these claims and congratulate him on becoming a Graycliff
shareholder.”
Figure 1: Property Map, Highlighting Newly Acquired Properties in purple
Under the terms of the agreement, Graycliff has purchased the key properties from a private individual
for 250,000 common shares of the Company. The Company will be compiling all historic work carried
out on the ground, including its proximity to the historic south zone.
About Graycliff Exploration Limited
Graycliff Exploration is a mineral exploration company focused on its 945 hectares of prospective
ground, located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield. The
Company's Shakespeare Project consists of one crown patented lease , two crown leases and 40
claims on a property associated with the historic Shakespeare Gold Mine, which operated from 1903
to 1907.
For more information, contact investor relations at [email protected]
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 giv e 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 law s.