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Galway Metals Intersects 13.4 g/t Au over 12.95 metres in New Discovery Hole at Clarence Stream
TORONTO, ON / ACCESSWIRE / August 18, 2020 / Galway Metals Inc. (TSXV:GWM) (the "Company" or...
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[{"type":"text","content":"Galway Metals Intersects 13.4 g/t Au over 12.95 metres in New Discovery Hole at Clarence StreamTORONTO, ON / ACCESSWIRE / August 18, 2020 / Galway Metals Inc. (TSXV:GWM) (the \"Company\" or \"Galway\") is pleased to report that the previously-reported intersect of a 14.4 metre massive quartz vein containing 29 splashes of Visible Gold (VG) in hole CL20-65 (see photos; July 29, 2020 press release) returned 13.4 g/t Au over 12.95m. This hole is the first in a newly drilled area, located 320 metres NE of a previously-reported new vein intersection of 11.4 g/t Au over 2.0m, including 43.5 g/t Au over 0.5m in hole CL20-58. The intersection in hole 58 had been discovered 75 metres north of the George Murphy Zone (GMZ) at the Clarence Stream Gold Project in SW New Brunswick (Figure 1, Figure 2, Figure 3, Figure 4).Hole CL-65 intersected 13.4 grams per tonne (g/t) Au over 12.95 metres (m), including 40.15 g/t Au over 1.0m, 26.0 g/t Au over 0.55m, 78.85 g/t Au over 0.8m, 16.0 g/t Au over 0.5m, and 32.9 g/t Au over 0.95m, starting at a vertical depth of 172m. The new vein appears to be associated with a strong magnetic low and with a line of coincident soil anomalies, both located close to the interpreted location of the main structure on the property - the Sawyer Brook Fault (Figure 3). This trend is sub-parallel to, and north of the GMZ, Richard and Jubilee Zones.\"Galway is very pleased with results from the new discovery in hole 65. The initial interpretation is that the intersect is not part of the 3.5 km trend that hosts the George Murphy, Richard and Jubilee Zones, or the other new discovery of 186.5 g/t Au over 0.6 metres ~1 km SW of Jubilee. These are all on the south side of the local intrusive in the area. Instead, it appears as if the gold mineralization in hole 65 trends along the north side of the intrusive, which would confirm Galway's view that the intrusive is ringed on both sides with mineralization. The north side contains gold-in-till and soil anomalies in the same meta-sediment host rocks that exist on the south side, and the main structure that runs throughout the district, the Sawyer Brook Fault, is also interpreted to be on the north side of the intrusive. This fault is thought to be the main conduit for gold-bearing fluids to flow.\"Galway is currently drilling follow-up holes to the new discovery with the aim of ...