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Galway Metals: Extensive 2022 Programs Being Undertaken at the Former Producing High-Grade Estrades Project in the Abitibi of Western Quebec
TORONTO, ON / ACCESSWIRE / February 9, 2022 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (th...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals: Extensive 2022 Programs Being Undertaken at the Former Producing High-Grade Estrades Project in the Abitibi of Western QuebecTORONTO, ON / ACCESSWIRE / February 9, 2022 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to announce new drill results and an update on its 100%-owned, approximately 20,000-hectare Estrades zinc-gold property in the Abitibi of western Quebec. Breakwater Resources Ltd. spent CDN$20 million in 1990 developing Estrades, including the installation of a 200-metre deep by 150-metre along strike decline, a ventilation raise and associated infrastructure. Production in 1990-91 totalled 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag. Breakwater closed the mine amid sharp declines in metal prices.Robert Hinchcliffe, President and CEO of Galway Metals, said, \"Estrades has many high priority copper source vent and other VMS targets that have excellent potential to create significant value for shareholders. As such, the company has raised its rig count to three from one in order to conduct the current 25,000-meter drill program. The potential high-grade copper source vent targets are below and on the east and west sides of the Estrades resource. Other strong VMS targets exist along the Newiska horizon. Galway has begun drilling several of these targets along both the Estrades and Newiska horizons. The company also plans to continue its environmental and engineering studies, including metallurgical and ore sorting tests. As Estrades currently stands, there aren't many zinc-gold deposits with such high precious metals grades in the world - and even fewer that are as close to being shovel ready.\"Drilling Highlights - Metallurgical and Ore Sorting HolesThe wide, PQ-sized holes drilled for ore sorting/metallurgical testing purposes highlight near-surface results received in various zones from the middle to the western edge of the resource. Galway has previously released results from this program from the middle to the eastern edge, with highlights returning 19.8 g/t AuEq or 36.4% ZnEq over 5.65m, plus 11.6 g/t AuEq over 5.2m in hole 56, 1.6 g/t Au, 130.8 g/t Ag, 4.6% Zn, and 5.7% Cu over 1.85m in hole 49, and 22.2% ZnEq over 4.7m in hole 50. Refer to Figure 1 for details.GWM-21E-85: 28.0 g/t AuEq or 51.5% ZnEq over 5.3m (14.3 g/t Au, 192.2 g/...