Business
Clarence Stream Drilling Intersects 2.6 g/t Gold Over 16.0m Including 6.2 g/t Over 5.0m at Southwest Deposit
TORONTO, ON / ACCESS Newswire / January 7, 2026 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) ...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Clarence Stream Drilling Intersects 2.6 g/t Gold Over 16.0m Including 6.2 g/t Over 5.0m at Southwest DepositTORONTO, ON / ACCESS Newswire / January 7, 2026 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report drill results for 11 diamond drill holes at the Southwest Deposit in the Company's 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project hosts district-scale potential, with an approximately 65-kilometre strike length of highly prospective gold showings and anomalies; and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz., and 16.0 Mt @ 2.6 g/t Au Inferred for 1.334 M oz. gold from the NI 43-101 technical report titled \"Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada\" dated March 31, 2022, by SLR Consulting Ltd.Rob Hinchcliffe, President and CEO of Galway, said, \"The latest drilling at the Southwest Deposit continues to demonstrate strong continuity of gold mineralization within and along the margins of our 2022 resource pits. These results are important in supporting our infill strategy and in confirming extensions where mineralization remains open, both laterally and at depth. As we continue to connect zones between existing pit shells, the drilling is adding confidence to the resource model and highlighting opportunities for future expansion. With 32 additional infill and resource drill holes pending in this area, we expect to report further meaningful results as the program advances.\"Highlights (Plan Map)BL-286 intersected 2.6 g/t gold over 16.0m including 6.2 g/t gold over 5.0m (Section 1)BL-282 intersected 1.8 g/t gold over 8.0m including 6.5 g/t gold over 1.0m (Section 2)BL-289 intersected 7.5 g/t gold over 2.0mTargeted Drilling Connects 2022 Resource PitsThe drill holes reported in this release were designed to connect mineralization between pit shells from the 2022 resource and to test extensions along the margins of those pits. Drill holes BL-286 through BL-288 intersected wide, shallow zones of mineralization outside the existing resource, demonstrating continuity along section to depth.Drill holes BL-279 through BL-282 targeted mineralization below the westernmost resource pit and successfully confirmed gold mineralization beneath the current pit out...