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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2017: Galway Metals Inc. announces an Exploration/Drilling Update report for its Jubilee deposit at the Clarence Stream project. Drilling results incl. 11.9m @ 2.2g/t Au from 170.5m. (Toronto, Ontario, December 18, 2017) - Galway Metals Inc. (TSX-V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Sutton (Internal) | |
| ABSTRACT: | (Toronto, Ontario, December 18, 2017) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to announce a new discovery of mineralization 2 km east of the Jubilee Zone, and 4 km west of the Clarence Stream South Zone. Partial assay results from the first five holes (831m) include 2.2 grams per tonne of gold over 11.9m (hole GWM17CL-04), and 5.3 grams per tonne of gold over 0.5m (GWM17CL-05-visible gold present). These intersections are located at 120m and 175m below surface, respectively. Robert Hinchcliffe, President and CEO of Galway Metals, said, “Discovering yet another new zone of mineralization is extremely positive for our project. So far, every soil anomaly tested to date overlies mineralization. This increases the urgency to test the numerous other soil anomalies, many of which are stronger than those found above the four zones of mineralization found to date.” The new discovery was found by drilling in the immediate vicinity of a 700m long soil anomaly where boulders were found by George Murphy (prospector) that contained gold. There appears to be two zones that trend the same direction as the Jubilee and Clarence South Zones. The dip is uncertain but the angles of the quartz veins to the core is 30-70 degrees. The mineralization consists of 10-70% quartz stockworks and veins with 1-2% fine pyrite plus pyrrhotite plus arsenopyrite in sericite altered sediments. | |
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