Graycliff Exploration (CSE:GRAY) is continuing drilling below historic workings at its Shakespeare Gold Project in Ontario, Canada, after all five new holes hit ‘high-grade’ gold.
Hole J-62-26 returned 115.25 grams per tonne gold (Au) over 6m from a downhole depth of 118m, including 551g/t Au over 1m.
Meanwhile, Hole J-65-26 intersected 8.09g/t Au over 10m from 85m, while J-63-26 returned 16.19g/t Au over 6m from 119m. Hole J-64-26 cut 7.15g/t Au over 1.5m from 75m before hitting a historical mine working, where the main zone may have been removed between 1903 and 1907.
The fourth large-diameter metallurgical hole, Hole D-26, targeted the main zone about 40m down-dip of Hole A-22.
It intersected a 4m interval that includes 75.25g/t Au over 1m from 157m. Hole A-22 returned 3,030g/t Au over 1m in results reported on 2 June.
Reported intervals are down-hole lengths, and the company says true widths cannot yet be determined, given the early stage of the program.
“We are very encouraged by these very high-grade results as we continue to define the location, thickness, and grade of this area of high, to even ultra-high-grade gold close to, but largely below the historic mine workings,” Director Bruce Durham says.
Core logging and processing continue, and Activation Laboratories will process the remaining samples.
Shakespeare covers 1,366 hectares about 88km west of Sudbury and includes the historical Shakespeare Gold Mine. Graycliff has drilled more than 13,600m on the property.
Graycliff Exploration is a Canadian gold explorer advancing its Shakespeare Gold Project in Ontario’s Sudbury Mining Division.
Write to JC Villarba at Mining.com.au
Images: Unsplash
