Newsfile Corp
05 Jun 2026, 21:30 UTC · 2h ago
Graycliff Exploration to Expand Sudbury Footprint Through the Acquisition of Thirteen Strategic Mineral Claims Adjacent to High-Grade Shakespeare Project
Newsfile Corp
05 Jun 2026, 21:30 UTC · 2h ago
Story key points
3 claims · impact-rated
Graycliff Exploration is acquiring a 100% interest in thirteen strategic mineral claims in the Sudbury Mining District from King Gold Mines Ltd. — Expansion of the project footprint in a high-prospectivity area increases the potential for future discoveries and resource growth.
+0.40The acquisition follows recent drill results at the Shakespeare Project showing high-grade gold assays of up to 3,030 g/t gold over 1.0 metre. — Strong assay results provide a fundamental catalyst for investor confidence in the geological potential of the region.
+0.30The purchase consideration consists of $10,000 CAD cash and the issuance of 300,000 common shares. — The deal is low-cost and minimizes immediate cash drain, though the share issuance causes minor dilution.
+0.10Ticker attribution
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Model heads
The company is expanding its footprint via an asset purchase agreement following high-grade gold assay results.
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