Galway Metals New Discovery Expands with 4 1 g/t Au Over 10 25m; 5 7 g/t Au Over 25 0m from Adrian Zone; GMZ East Gap Returns 1 7 g/t Au Over 10 0m newjerseytelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newjerseytelegraph.com Daily Mail and Mail on Sunday newspapers.
Galway Metals Intersects 15.3 g/t Au over 18.5m, 2.0 g/t Au over 54.0m & 22.7 g/t Au over 3.5m at Clarence Stream
ACCESSWIRE
09 Jun 2021, 21:05 GMT+10
TORONTO, ON / ACCESSWIRE / June 9, 2021 / Galway Metals Inc. (TSXV:GWM) (the Company or Galway ) is pleased to report new and updated drill results from holes in the George Murphy Zone (GMZ), and western and northern extensions of it at the Clarence Stream Gold Project in SW New Brunswick; the eastern-most intersection at the Adrian Zone that was previously-reported to host abundant visible gold (VG) in hole CL21-92 has also been returned (Figure 1, Figure 2, and Figure 3).
High grades continue to be returned from the new Adrian Zone. The Adrian Zone was initially discovered in August 2020 by drill hole CL20-65, which returned
Galway Metals Inc.: Galway Metals Intersects 15.3 g/t Au over 18.5m, 2.0 g/t Au over 54.0m & 22.7 g/t Au over 3.5m at Clarence Stream
15.1 g/t Au over 1.5m and 9.1 g/t Au over 1.5m, plus
1.5
g/t Au over 21.5m, including 6.1 g/t Au over 1.5m and 5.9 g/t Au over 1.5m, plus previously-reported
3.0 g/t Au over 15.5m, including
64.6 g/t Au over 0.5m (VG) starting at vertical depths of 151m, 102m, and 188m below surface; located 35m east of hole CL20-50 (
4.8 g/t Au over 34.0m)
CL21-49:
2.5 g/t Au over 10.5m including 10.0g/t Au over 1.5m, plus
Shares outstanding: 178.6 million; management/insiders own 21%, institutions own 52%
Highlights
Strong insider ownership at 21%;
Two advanced-stage projects in Canada with drilled resources;
Clarence Stream, New Brunswick first-mover status, 100% control of 65 kilometers (65 km) of strike in emerging gold belt;
Clarence Stream, 2017, NI 43-101 of 390,000 (390k) gold ounces Measured and Indicated (M&I) with 277k gold ounces Inferred;
Clarence Stream resources are in just two of six deposits and all six are open to expansion;
>140,000 meters of historical/recent drilling and adjacent to Mount Pleasant Mill;
Current 100,000-meter drill program with sevel rigs underway at Clarence Stream;
Estrades polymetallic project, Quebec; a 10,000-meter drill program underway;
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TORONTO, ON / ACCESSWIRE / April 19, 2021 / Galway Metals Inc. (TSXV:GWM) (the Company or Galway ) is pleased to announce the first results from its 2021 drill program at its Estrades property in the Northern Abitibi of western Quebec (Figure 1). Three drills began a 10,000m programme in mid January targeting the 3 primary horizons of mineralization - the former producing, high grade Estrades volcanogenic massive sulphide (VMS) mine, the Newiska VMS horizon to the south, and the Casa Berardi Break horizon (Au) to the north. The property is immediately adjacent to, and west of the Agnico Eagle / Maple Gold Joint Venture, which hosts 2.8 million ounces of gold resources and where Agnico has agreed to spend $18 million on exploration during the next 4 years. The property is also 24 km east of Hecla Mining s Casa Berardi gold mine (currently producing; 6.2 million ounces of gold between total production and current reserves and resources).