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Galway Metals' 2nd Hole in New Gold Discovery Runs 5.4 g/t Au Over 11.0 Metres
TORONTO, ON / ACCESSWIRE / February 26, 2019 / Galway Metals Inc. (TSX-V: GWM) (the "Company...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals' 2nd Hole in New Gold Discovery Runs 5.4 g/t Au Over 11.0 MetresTORONTO, ON / ACCESSWIRE / February 26, 2019 / Galway Metals Inc. (TSX-V: GWM) (the \"Company\" or ''Galway'') is pleased to report first assays from the second hole into the previously-reported new gold discovery at its Clarence Stream Gold Project in SW New Brunswick (February 13, 2019). The new gold zone is in an area where there has been no previous drilling, centered between the George Murphy and Jubilee Zones, approximately 1km from each. This new discovery highlights the importance of Clarence Stream as one of Canada's most exciting new gold camps.The discovery hole, BL18-12, returned 7.3 grams per tonne (g/t) Au over 36.7 metres (m), including 38.1 g/t Au over 6.5 m in multiple quartz veins containing abundant visible gold, starting only 51 metres downhole and 36 metres vertical (Figure 1). Follow-up drilling in hole BL19-15 intersected 5.4 g/t Au over 11.0 m, consisting of all the initial RUSH samples (assays pending on both ends and for the remainder of the hole), including 20.9 g/t Au over 2.55 m. This hole intersected visible gold (VG) twice, approximately 50 metres NW of and 97 metres vertically below the VG seen in BL18-12 (Figure 2). Also reported are partial results from hole BL-13, which also intersected multiple zones, and the rest of the results from hole BL-12 that were pending.The new discovery in holes BL18-12, BL19-13 and BL19-15 represents the 2nd deposit that Galway has found since the Company began drilling Clarence Stream in October 2016 (the George Murphy Zone (GMZ) was the other), and the fifth deposit identified in the Clarence Stream district to date. Currently, only two of these five deposits, the North and South Zones, are in the existing resource (September 26, 2017), which is scheduled to be updated in 2019. The new discovery will be named the Richard Zone in honour of Rob Richard who is responsible for making the discovery.''The Richard Zone main vein now has been intersected twice, with both holes containing nice visible gold and returning high grade intersections. Once we do the downhole optical work to confirm the orientation of the veining, and finish the current Jubilee Zone drill program where we are targeting expansion of the deposit ahead of the resource update later this year, we'll return to the Richard Zon...