- Business
- Graycliff Exploration Limited Graycliff Exploration Limited is a Canadian-based mineral exploration company focused on the acquisition, exploration, development, and extraction of natural resources, primarily gold and precious metals, within the prolific Canadian Shield. The company holds 100% interest in its flagship Shakespeare Project, comprising one crown patented lease, two crown leases, and 40 claims spanning approximately 1,468 hectares located roughly 80 kilometres west of Sudbury, Ontario, in the Sudbury Basin at the contact between the Archean Southern and Superior geological provinces; this property is associated with the historic Shakespeare Gold Mine, which produced 2,959 ounces of gold from 1903 to 1907, features a mineralized zone open in all directions, and has undergone over 12,500 metres of drilling across four phases with visible gold identified in multiple holes. Graycliff targets high-grade gold near surface and along a gold-bearing horizon exceeding 6 kilometres, benefiting from excellent infrastructure, an educated workforce, and a tight capital structure with over 25% owned by insiders and strategic investors. Founded in 2016 and headquartered in Vancouver, Canada, the company operates exclusively in Ontario, Canada, with no reported subsidiaries or parent relationships. Recent developments include a letter of intent for EV Minerals Corporation to acquire the Baldwin and Lunge Projects for CAD 0.145 million, as well as a board-approved proposed share consolidation on a one-for-four basis—subject to Canadian Securities Exchange approval—to reduce outstanding shares from approximately 17.6 million to 4.4 million, accompanied by new CUSIP and ISIN identifiers without any name or symbol change.