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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | GMZ | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2019: Galway Metals Inc. announces an Exploration/Drilling Update report for its GMZ deposit at the Clarence Stream project. Drilling results incl. 17.3m @ 3.2g/t Au from 70m. (Toronto, Ontario, January 23, 2019) - Galway Metals Inc. (TSX-V: GWM) (th | |
| Resources: | (Resource, M+I): 390koz @ 2.0 g/t Au | |
| CP/QP: | [Overall Report]: Michael Sutton (Not stated) | |
| ABSTRACT: | (Toronto, Ontario, January 23, 2019) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to report that drilling at its Clarence Stream Gold Project in SW New Brunswick has been successful in discovering a new gold zone centered between and along strike the George Murphy and Jubilee zones (Figure 1). The discovery hole, BL18- 12, intersected weathered, altered sediments with disseminated pyrite and arsenopyrite and multiple quartz veins containing visible gold over 7 metres starting 51 metres downhole (Figure 2). Assays are pending. The new gold discovery is the fifth to date at Clarence Stream and the second made by Galway in the two and a half years the Company has been drilling the project. The Company is also pleased to report encouraging assay results from three additional drill holes and two extensions (1,524 metres) in the George Murphy Zone (GMZ) at Clarence Stream, the discovery of which Galway first reported in December 2017. This brings Galway’s total drill results reported to date at the GMZ to 9,451 metres in 32 holes. Four additional drill holes at the GMZ were undertaken since, with visible gold seen in 3 of the 4. Assays are pending. One of those holes intersected visible gold 40 metres above previous hole GWM18CL-26 that returned 807.0 g/t Au over 1.25m within an intersect that graded 241.5 g/t Au over 4.2m (Figure 2, Figure 3 and Figure 4). “The discovery of a fifth gold deposit at Clarence Stream shows the effectiveness of our exploration program and points to the strong prospectivity of this new gold belt in New Brunswick. The George Murphy Zone is filling in and expanding nicely, and remains open in all directions. | |
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