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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-10-2017: Galway Metals Inc. announces an Exploration/Drilling Update report for its Jubilee deposit at the Clarence Stream project. Drilling results incl. 3.1m @ 14.5g/t Au from 67.9m. (Toronto, Ontario, October 12, 2017) - Galway Metals Inc. (TSX-V: G | |
| Resources: | ||
| CP/QP: | [Overall Report]: Michael Sutton (Internal) | |
| ABSTRACT: | (Toronto, Ontario, October 12, 2017) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to report partial assay results from two diamond drill holes from its Jubilee property, located five-km southwest of and on strike with the South Zone at Clarence Stream (Figure 1). These are the first step-out assay results received from Galway’s 11-hole, 1,766-metre drill program designed to follow up on previous gold intersections reported by Jubilee Gold and Union Gold. Robert Hinchcliffe, President and CEO of Galway Metals, said, “Galway has successfully expanded the first satellite mineralized zone outside the two resource areas at Clarence Stream, and we are planning additional drilling for further expansions in the future. The new intersections appear to have good widths with little overburden. Other mineralization in this satellite zone was intersected by Jubilee and Union, which Galway followed up. Taken together, the near-surface mineralization encountered at Jubilee could represent the first of several new deposits to be discovered in what may be an emerging gold district at Clarence Stream. We have moved the drill rig a bit to the east to test a strong anomaly that lies in between, and along strike with the South Zone and Jubilee. We plan to then test several of the areas of strong soil anomalies outlined below.” Galway is also pleased to report additional strong gold-in-soil anomalies delineated along strike with North and South Zone resources, extending up to 12.0 km along strike from the South Zone western limit. | |
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