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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Clarence Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2017: Galway Metals Inc. announces an Exploration/Drilling Update report for its Clarence Stream deposit at the Clarence Stream project. Drilling results incl. 10.20m @ 14.6g/t Au from 56.8m. TORONTO, ON / ACCESSWIRE / July 17, 2017 / Galway Metals I | |
| Resources: | (Resource): 186kt @ 7.6g/t Au (Ind.) and 35kt @ 6.4g/t Au (Inf.) At North Zone | |
| CP/QP: | [Overall Report]: Mike Sutton (Not stated) | |
| ABSTRACT: | TORONTO, ON / ACCESSWIRE / July 17, 2017 / Galway Metals Inc. (TSX-V: GWM) (the "Company" or "Galway") is pleased to announce assay results from 31 diamond drill holes (5,302 meters) at its Clarence Stream gold property located in southwestern New Brunswick, Canada, drilled in and around the North Zone. Since the Company entered into an option agreement to acquire a 100% interest in the property on August 3, 2016, 69 holes have been drilled and results from 57 holes have been reported. On May 31, 2017, Galway announced that it had contracted SRK Consulting (U.S.), Inc. to undertake a maiden pit constrained resource estimate to unlock potential of near-surface, high-grade gold mineralization. Robert Hinchcliffe, President and CEO of Galway Metals, said, "The ability to fill in gaps from historical drilling programs was one of the main drivers, among other factors, that peaked our interest when acquiring Clarence Stream. A huge advantage of getting involved in projects with historical drilling is that it's far more cost and time effective to increase the size of the resource. 95% of the North Zone resource is currently 360 metres by 320 metres in a bowl shape. The new strong results are significant because they appear to extend the North Zone 1,250 metres to the southeast and then east.” | |
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