Galway Metals Intersects 11.8 g/t Au over 12.8m and 6.1 g/t Au over 15.1m at Clarence Stream

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[{"type":"text","content":"Galway Metals Intersects 11.8 g/t Au over 12.8m and 6.1 g/t Au over 15.1m at Clarence StreamTORONTO, ON / ACCESSWIRE / October 10, 2017 / Galway Metals Inc. (TSX-V: GWM) (the \"Company\" or \"Galway\") is pleased to report assay results from 21 diamond drill holes (3,118 metres) from its Clarence Stream gold property located in south-western New Brunswick, Canada. Galway secured an option agreement to acquire a 100% interest in the property on August 3, 2016, and on September 26, 2017, the Company released an updated National Instrument (NI) 43-101 resource statement prepared by SRK Consulting (U.S.), Inc., which included a maiden pit constrained resource estimate (click here to view resource update).\n Highlights of the latest drill results, which are not included in the updated resource, are as follows:\nSouth Zone (Figure 1)\n\n 11.8 g/t Au over 12.8 metres (m), including 105.0 g/t Au over 1.2 m starting at a vertical depth of 73 m,\n 6.1 g/t Au over 15.1 m, including 27.3 g/t Au over 2.3 m starting at a vertical depth of 13 m,\n 0.7 g/t Au over 43.0 m, including 8.3 g/t Au over 1.0 m starting at a vertical depth of 78-108 m,\n 7.6 g/t Au over 12.0 m, including 41.8 g/t Au over 1.8 m starting at a vertical depth of 35 m and\n 17.4 g/t Au over 5.9 m, including 39.8 g/t Au over 2.0 m, and 1.1 g/t Au over 7.5 m, and 2.5 g/t Au over 5.5 m, starting at a vertical depth of 9.5 m.\n\nNorth Zone (Figure 2)\n\n 2.0 g/t Au over 9.7 m, including 15.1 g/t Au over 1.0 m starting at a vertical depth of 35 m, and\n 1.4 g/t Au over 5.6 m, starting at a vertical depth of 46.5 m.\n\nRobert Hinchcliffe, President and CEO of Galway Metals, said, “Clarence Stream contains a high-grade pit-constrained resource that we believe can be significantly expanded, and also contains the potential for satellite discoveries along the Sawyer Brook Fault System. Looking at the latest drill results, with widths up to 43.0 meters at 100 meters from surface, we see real potential to expand the depth of the pit.”\nNumerous Targets Identified; First Target Drilled with Assays Pending\nThe resources at Clarence Stream are contained within 2.5-km of Galway’s 65-km strike length. There are many additional strong targets identified that exhibit coincident highly anomalous glacial tills, soils, boulders and chip samples, along magnetic lows. The fir...

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