Mr. James Macintosh reports
GRAYCLIFF EXPLORATION SIGNS PSA FOR THE SALE OF ITS BALDWIN AND LUNGE PROJECTS
Graycliff Exploration Ltd. has signed a sale and purchase agreement (PSA) for the sale of its Baldwin and Lunge projects to EV Minerals Corp., pursuant to the terms of the binding letter of intent (LOI) previously announced on Feb. 4, 2024. Per the terms of the PSA, EV Minerals purchased a 100-per-cent interest in two packages of claims known as the Baldwin and Lunge projects for a total of two million common shares in the capital of EV Minerals. EV Minerals has made a one-time cash payment in the amount of $25,000 upon signing of the LOI.
Graycliff will focus on its Shakespeare project consisting of 1,468 hectares where it has drilled over 12,500 metres, with visible gold identified in multiple holes.
About Graycliff Exploration Ltd.
Graycliff Exploration is a mineral exploration company focused on its prospective ground located roughly 80 kilometres west of Sudbury on the prolific Canadian Shield.
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