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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Clarence Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2019: Galway Metals Inc. announces an Exploration/Drilling Update report for its Clarence Stream deposit at the Clarence Stream project. Drilling results incl. 36.7m @ 7.3g/t Au from 36m. Drilling in hole BL19-15 also has intersected visible gold (VG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Sutton (Not stated) | |
| ABSTRACT: | Drilling in hole BL19-15 also has intersected visible gold (VG) twice, approximately 50 metres NW of and 97 metres vertically below the VG seen in BL18-12 (Figure 2). Assays are pending. The new discovery, in holes BL18-12 and BL19-15, represents the 2nd deposit that Galway has found since the Company began drilling Clarence Stream in October 2016 (the George Murphy Zone (GMZ) being the other), and the fifth deposit identified in the Clarence Stream district to date. Currently, only two of these five deposits, the North and South Zones, are in the existing resource (September 26, 2017), which is scheduled to be updated in 2019. "These results exceed even our most optimistic expectations and we stand by our belief that Clarence Stream represents a new district scale opportunity. Last year, the focus was on expanding the mineralization of the newly discovered George Murphy Zone. A few weeks after moving the drill rig, we are on to another new discovery. Not only are we excited by the large, high-grade intercept found close to surface, we are also encouraged by the consistency of the higher-grade interval within that larger intercept. This bodes very well for future exploration of the whole Clarence Stream camp in which Galway controls 65km of the main NE-SW trend. In addition, if the new discovery trends NW-SE, as we believe, that dramatically opens up the possibilities for new deposits along those trends as well as along the main NE-SW trend parallel to the main break, the Sawyer Brook Fault," cites Robert Hinchcliffe, President and CEO of Galway Metals. | |
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