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Galway Metals Commences 2021 Drilling of the Estrades Mining District
TORONTO, ON / ACCESSWIRE / February 10, 2021 / Galway Metals Inc. (TSXV:GWM) (the "Company" ...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals Commences 2021 Drilling of the Estrades Mining DistrictTORONTO, ON / ACCESSWIRE / February 10, 2021 / Galway Metals Inc. (TSXV:GWM) (the \"Company\" or \"Galway\") is pleased to announce that it has begun its 2021 drill program at its Estrades property in the Northern Abitibi of western Quebec (Figure 1). Three drills have begun a 10,000m programme targeting the 3 primary horizons of mineralization, including:The former producing, high grade Estrades volcanogenic massive sulphide (VMS) mine (Au-Ag-Zn-Cu-Pb) on Galway's claims, which hosts the existing resource - see below (Table 1 below and Figure 2);The Newiska VMS horizon to the south (Au-Ag-Zn-Cu-Pb), home to the former producing Telbel gold mine (1.15 million ounces at 6.5 g/t Au; Mining Journal, October 8, 2020), and the former producing Joutel and Poirier VMS mines, located approximately 20 km to the east; andThe Casa Berardi Break horizon (Au) to the north, home to Hecla Mining's Casa Berardi gold mine (currently producing; 6.2 million ounces of gold between total production and current reserves and resources), located 24 km to the west.Immediately adjacent to the east of Galway's Estrades property is the Agnico Eagle / Maple Gold Joint Venture, in which Agnico has agreed to spend $18 million on exploration during the next 4 years.Robert Hinchcliffe, President and CEO of Galway Metals said, \"While Galway's Clarence Stream gold project remains the Company's flagship, we are excited to be exploring Estrades more aggressively following the recent run-up in copper and zinc prices and continued strong gold and silver prices. The majority of our 2021 drill program is aimed at making new discoveries, either along the Casa Berardi gold trend, or along the Estrades and Newiska VMS horizons. VMS deposits throughout the world occur in clusters, and we are setting out to make new discoveries on our district-scale, 20,000-hectare property.\"Galway acquired an undivided 100% ownership interest in the claims located approximately 95 km north of the town of La Sarre in August 2016. An NI 43-101 Technical Report on the \"Mineral Resource Estimate for the Estrades Project, Northwestern Quebec, Canada\" dated November 5, 2018, with an amended date of March 15, 2019, was prepared by Roscoe Postle Associates (RPA), provided here or SEDAR profile at www.sedar.com. A summary of t...