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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | GMZ | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Galway Metals Inc. announces an Exploration/Drilling Update report for its GMZ deposit at the Clarence Stream project. Drilling results incl. 4.2m @ 241.5g/t Au from 102.8m. TORONTO, ON / ACCESSWIRE / May 2, 2018 / Galway Metals Inc. (TSX-V: GWM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Sutton (Not stated) | |
| ABSTRACT: | TORONTO, ON / ACCESSWIRE / May 2, 2018 / Galway Metals Inc. (TSX-V: GWM; OTC PINK: GAYMF) (the ''Company'' or ''Galway'') is pleased to report partial assays results from hole GWM18CL26, which Galway showed contained Visible Gold (VG) (VG Photos) (see April 19, 2018) in the recently discovered George Murphy Zone (GMZ) at Clarence Stream in SW New Brunswick (Figure 1). The GMZ is located 2 km east of the Jubilee Zone and 4 km west of the South Zone (Figure 2). The intersection of 807.0 grams of gold per tonne is located at the centre of a 300-metre gap between the two lines of drilling where the original discoveries were made. The original discovery holes returned intersections such as 2.2 grams per tonne (g/t) gold (Au) over 11.9 metres (m), 2.1 g/t Au over 7.6m and 0.7 g/t Au over 48.8m. The presence of visible gold is not indicative of the grade or representative of the mineralization hosted on the property. Robert Hinchcliffe, President and CEO of Galway Metals, said, ''This is by far the highest grade of gold ever recorded from all the drilling undertaken by all operators across all of Galway's properties, and it is located right in the middle of the new George Murphy Zone discovery - not bad for a new discovery that is just being drilled on a first pass. This reinforces our belief that Clarence Stream is an emerging new gold district in Eastern Canada.' | |
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