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Galway Metals Inc.
Summary
| Project: | Estrades | |
|---|---|---|
| Deposit: | Estrades | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Zinc-Copper-Lead | |
| Date: | 4/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-4-2018: Galway Metals Inc. announces an Exploration/Drilling Update report for its Estrades deposit at the Estrades project. Drilling results incl. 6.4m @ 6.9g/t Au, 78g/t Ag, 1.7% Zn from 496.7m. TORONTO, ON / ACCESSWIRE / April 11, 2018 / Galway Meta | |
| Resources: | (Resource): 1.3Mt @ 12.37g/t AuEq & 1.2Mt @ 7.42g/t AuEq at Estrades | |
| CP/QP: | [Overall Report]: Mike Sutton (Internal) | |
| ABSTRACT: | TORONTO, ON / ACCESSWIRE / April 11, 2018 / Galway Metals Inc. (TSX-V: GWM) (OTC PINK: GAYMF) (the "Company" or "Galway") is pleased to report partial assay results from five additional drill holes plus two wedges (4,168 metres, which includes holes stopped due to deviation) at its former producing, 100%-owned, 20,915 hectare, Estrades polymetallic property located in the northern Abitibi of western Quebec, Canada. This brings Galway's total drill results reported to date at Estrades to 13,484 metres in 22 holes plus three wedges; a total of approximately 200,000 metres have been drilled on Galway's Estrades property since discovery in the 1970's. The drill program was designed to expand the existing resource on the periphery of known zones at shallow depths, and to probe deeper holes close to potential high-grade hydrothermal source vents. Results from holes 17, 30A and 31 extend the known zones to depth and are open below, while hole 28C extends the known near surface mineralization east of the existing resource in that area (Figure 1). On August 18, 2016, Galway published a NI 43-101 compliant Estrades resource estimate (Table 1), which included Indicated Resources of 518,000 ounces Gold equivalent (or 652,000,000 lbs Zinc equivalent), plus Inferred Resources of 290,000 ounces Gold equivalent (or 366,000,000 lbs Zinc equivalent). Production in 1990-91 totaled 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag | |
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