Galway Metals Expands Clarence Stream's North Zone; New Drill Results Include 4.3 g/t Au over 9.0m, 6.1 g/t Au over 5.0m and 2.2 g/t Au over 6.0m

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[{"type":"text","content":"Galway Metals Expands Clarence Stream's North Zone; New Drill Results Include 4.3 g/t Au over 9.0m, 6.1 g/t Au over 5.0m and 2.2 g/t Au over 6.0mTORONTO, ON / ACCESSWIRE / February 28, 2023 / Galway Metals Inc. (TSXV:GWM); (OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report new drill results from the North Zone of its high grade, multi-million-ounce Clarence Stream Gold Project in SW New Brunswick, Canada. The new results expand on known gold mineralization outside the North Zone's pit shell boundaries in two key areas. The pit shells were defined in the N.I. 43-101 Resource Update titled \"Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada\" dated March 31, 2022, by SLR Consulting (Canada) Ltd. The new drill results intersected gold mineralization at shallow depths, ranging from just 16 metres to 112 metres below surface. The results show that gold mineralization is present outside the current resource model and pit limits of the three pits planned in the North Zone, which is currently the smallest of the three resource Zones at Clarence Stream. The new drill results are highlighted in Figure 1 and in Figure 2 below.Robert Hinchcliffe, President and CEO of Galway Metals, states: \"All zones at Clarence Stream remain open for significant expansion. In addition to the North Zone, obvious expansion opportunities exist at the much larger SW Zone, its adjacent Triangle Area, the South Zone and at Oak Bay and Lily Hill. Beyond these, there are many undrilled coincident geochemical and geophysical targets on our district-scale property where we expect to make new discoveries, just as we have throughout our history at Clarence Stream. The current respective Indicated and Inferred Clarence Stream Mineral Resource already contains 0.92Moz at 2.3 g/t Au (within 12.4MT) plus 1.33Moz at 2.6 g/t Au (within 16.0MT). In the fullness of time, we believe it will become increasingly clear that Clarence Stream is one of the most important new gold districts in Eastern Canada.\"Summary of Drill Results:Extensions Between the North and Middle PitsHole GWM22CS-390: 4.3 g/t Au over 9.0m, including 57.3 g/t Au over 0.5m (Visible Gold - (VG)), starting at 35m from surfaceHole GWM22CS-378: 6.1 g/t Au over 5.0m, including 16.6 g/t Au over 1.0m, starting at 54m from surface is just on the edge of the reso...

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