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Galway Metals Inc.
Summary
| Project: | Clarence Stream | |
|---|---|---|
| Deposit: | Jubilee | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/24/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-6-2020: Galway Metals Inc. announces an Exploration/Drilling Update report for its Jubilee deposit at the Clarence Stream project. Drilling results incl. 0.6m @ 186.5g/t Au from 221.8m. (Toronto, Ontario, June 24, 2020) – Galway Metals Inc. (TSX-V: GWM | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report] Mike Sutton (Internal) | |
| ABSTRACT: | (Toronto, Ontario, June 24, 2020) – Galway Metals Inc. (TSX-V: GWM) (the “Company” or “Galway”) is pleased to report assay results from wildcat exploration drilling located 950m SW and along strike of the western-most intersection of the Jubilee Zone at the Company’s Clarence Stream project in southwest New Brunswick, Canada. That intersection had returned 1.9 grams per tonne (g/t) Au over 43.3 metres (m) (35.7m true width (TW), including 21.2 g/t Au over 2.35m), starting at a vertical depth of 36m below surface (September 5, 2019). The new discovery returned 186.5 g/t Au over 0.6m from a 35 cm quartz vein that contains very fine sulphides, including arsenopyrite. Another similar vein located 13m further downhole returned 2.2 g/t Au over 0.7m. The closest drill holes are located 270m to the SW and 560m to the NE. The one to the NE intersected 4.4 g/t Au over 1.0m and also contained 4050 ppm Bismuth and 344 ppm Tungsten (September 5, 2019). These results appear to be along the Jubilee—Richard—George Murphy Zone trend that Galway believes are part of the same 2.5 km-long mineralized system (Figure 1). These Zones have returned such intersects as 10.6 g/t Au over 47.0m, 1.4 g/t Au over 85.0m, and 6.2 g/t Au over 38.5m, among many others (refer to previous Galway Metals’ press releases). None of these 3 deposits are in the current resource. | |
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