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Galway Drilling Extends Gold Mineralization 300 Meters at the Southwest Deposit, and 350 Meters at the North Deposit
TORONTO, ON / ACCESS Newswire / April 15, 2025 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Drilling Extends Gold Mineralization 300 Meters at the Southwest Deposit, and 350 Meters at the North DepositTORONTO, ON / ACCESS Newswire / April 15, 2025 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report results from its diamond drilling program 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 has district-scale potential with 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 Hincliffe, President and CEO of Galway, said, \"We are excited to see gold mineralization continuing 300 meters north, which significantly opens the resource expansion potential of the Southwest Deposit. We have an additional 12 holes with pending assays from this area, which should continue to prove gold continuity and add near surface ounces. The second drill rig has been drilling shallow high-grade gold and antimony mineralization at the North Deposit since January with 23 drillholes currently pending assays. With gold reaching record prices, Galway is positioned to take advantage because we will have drillhole assays, metallurgical results and additional news in the coming weeks and months.\"HighlightsCL-206 intersected 3.4 g/t gold over 5.0m including 11.1 g/t gold over 1.0m (Section 1)CL-211 intersected 3.1 g/t gold over 2.9m including 13.2 g/t over 0.5m-Extending SW Deposit over 300m to the N-NE from the 2022 MRE models (Section 2)CL-209 intersected 0.92 g/t gold over 14.0mTwelve additional follow-up drill holes are pending assays for this areaDrill Results Confirm Northern expansion of SW DepositThe drill holes in this release are located on the northeastern area of the Southwest Deposit (Figure 1) with the purpose of following up on shallow, wide mineralized zones and extending mineralization to the north. The results (Assay and Coordinate Table) now extend the mineralization approximately 300-metres from the 2022 Clarence Stream Resource Est...