Galway Metals Continues to Demonstrate Expansion Potential in Multiple Areas Directly North of the New Clarence Stream Resource

About this update from Galway Metals, Inc.

[{"type":"text","content":"Galway Metals Continues to Demonstrate Expansion Potential in Multiple Areas Directly North of the New Clarence Stream ResourceTORONTO, ON / ACCESSWIRE / September 12, 2022 / Galway Metals Inc. (TSXV:GWM), (OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report drill results from an on-going drill program focussed immediately to the north of the newly upgraded Clarence Stream Mineral Resource. The new results expand two zones of mineralization located within a large triangular shaped area (the \"Triangle Area\") adjacent to, and within approximately 1km directly to the north of the SW Deposit (Figure 1). This is significant because it could add additional shallow resources close to the edge of the currently planned open pits envisaged in the resource model, further growing what is already one of Canada's largest high-grade, open-pittable gold projects.\"Since acquiring Clarence Stream in August 2016, Galway has drilled 170,000 metres. In the first year, Galway drilled to expand the South, North and Jubilee Zones. Starting in year two through to today, Galway set out to make new discoveries, which led to discoveries of the GMZ, Richard and Adrian Zones in 2017, 2019 and 2020, respectively. Drilling of these three zones and Jubilee resulted in them connecting into a 3.1km mineralized trend, now known as the SW Deposit. This was added to the Clarence Stream Resource in April 2022,\" states Robert Hinchcliffe, President and CEO of Galway Metals. \"In 2021, Galway reported a New Discovery located 900m north of the SW Deposit, now known as the Stewart Zone, as well as the Richard North Veins, located 340m north of the SW Deposit. To conserve cash given current challenging market conditions, Galway has reduced the number of drill rigs from six operating double-shifted to two operating single-shifted. With its remaining two rigs, Galway is now focusing on the large Triangle Area north of the SW Deposit to expand on the Stewart and Richard North Veins, much as it did with the other discoveries Galway has made.\"Galway released an updated Mineral Resource for Clarence Stream (the \"Resource\") in an April 25, 2022 press release; see Tables 1 and 2 below. This represented a more than doubling and quadrupling, respectively, of Measured and Indicated, and Inferred gold resources at Clarence Stream, consisting of the following reso...

More updates from Galway Metals, Inc.