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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Clarence Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-10-2017: Galway Metals Inc. announces an Exploration/Drilling Update report for its Clarence Stream deposit at the Clarence Stream project. Drilling results incl. 12.4m @ 11.8g/t Au from 103.4m. (Toronto, Ontario, October 10, 2017) - Galway Metals Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Sutton (Not stated) | |
| ABSTRACT: | (Toronto, Ontario, October 10, 2017) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to report assay results from 21 diamond drill holes (3,118 metres) from its Clarence Stream gold property located in southwestern New Brunswick, Canada. Galway secured an option agreement to acquire a 100% interest in the property on August 3, 2016 and on September 26, 2017, the Company released an updated National Instrument (NI) 43-101 resource statement prepared by SRK Consulting (U.S.), Inc., which included a maiden pit constrained resource estimate (click here to view resource update). Robert Hinchcliffe, President and CEO of Galway Metals, said, “Clarence Stream contains a high-grade pit-constrained resource that we believe can be significantly expanded, and also contains the potential for satellite discoveries along the Sawyer Brook Fault System. Looking at the latest drill results, with widths up to 43.0 meters at 100 meters from surface, we see real potential to expand the depth of the pit.” Numerous Targets Identified; First Target Drilled with Assays Pending The resources at Clarence Stream are contained within 2.5-km of Galway’s 65-km strike length. There are many additional strong targets identified that exhibit coincident highly anomalous glacial tills, soils, boulders and chip samples, along magnetic lows. The first satellite target was recently drilled with 11 holes at Jubilee, located five-km southwest of the South Zone, with assays pending. The Company believes that by exploring additional untested targets, a new emerging gold district in New Brunswick could be uncovered. | |
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