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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Clarence Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-1-2017: Galway Metals Inc. announces an Exploration/Drilling Update report for its Clarence Stream deposit at the Clarence Stream project. Drilling results incl. 30.0m @ 4.6g/t Au from 33.0m. (Toronto, Ontario, January 12, 2017) - Galway Metals Inc. (T | |
| Resources: | (Resource): 182000oz Au (Ind) and 250000oz Au (Inf) | |
| CP/QP: | [Overall Report]: Mike Sutton (Not stated) | |
| ABSTRACT: | (Toronto, Ontario, January 12, 2017) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to announce assay results from 13 diamond drill holes (comprising 3,853 meters) from its Clarence Stream gold property. The Company announced, on August 3, 2016, that it had secured an Option Agreement to acquire a 100% interest in the property. Clarence Stream is located 70 kilometres (km) south-southwest of Fredericton in south-western New Brunswick, Canada. As a result of glacial till anomalies identified by the Governments of New Brunswick and Canada, successful soil sampling, geophysical work and drilling by previous operators, and the recently-reported strong results received from Galway’s soil, boulder and chip sampling programs, the Company has significantly increased its total land position at Clarence Stream, which stretches 65 km along strike. Galway is now positioned to be the first company to drill, on a regional scale, the many anomalies that have been identified (refer to the December 20, 2016 press release), and to also continue to drill extensions to the existing resource. | |
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