Over the course of the past month the Graycliff Exploration Limited (OTCMKTS:GRYCF) stock has been in the middle of a steady selloff and during this period, it has recorded declines of as much as 13%.
In recent days, there has been no news about the company at all but it might be a good idea to take a look at an announcement from Graycliff back on September 21. On that day, the company made an announcement with regards to the expanded or full assay results from the second drill hole, which was part of the 2000 metres second phase of the core drilling programme.
The drilling programme in question took place at the Shakespeare Gold Project that is owned by Graycliff and is located at a place called Canadian Shield at Sudbury in Ontario, Canada. In this regard, it should also be noted that the Canadian Shield zone is also quite prolific and that is another factor that ought to be kept in mind.
The company managed to intersect mineralized gold at the project and although that is a positive development, investors have not been particularly impressed with the state of affairs. It remains to be seen if the stock can make a comeback in the coming days.
