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Galway Metals Intersects 1.5 g/t Gold over 26.5m; Including 5.7 g/t over 4.5m at the Southwest Deposit

TORONTO, ON / ACCESSWIRE / October 1, 2024 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Co...

articleGalway Metals, Inc.October 1, 20244/company/galway-metals-inc/news/galway-metals-intersects-15-gt-gold-over-265m-including-57-gt-over-45m-at-the-southwest-deposit
Galway Metals Intersects 1.5 g/t Gold over 26.5m; Including 5.7 g/t over 4.5m at the Southwest Deposit

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[{"type":"text","content":"Galway Metals Intersects 1.5 g/t Gold over 26.5m; Including 5.7 g/t over 4.5m at the Southwest DepositTORONTO, ON / ACCESSWIRE / October 1, 2024 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report results from its diamond drilling program at the Southwest Deposit in the Company's 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project has district-scale potential with approximately 65-kilometre strike length of highly prospective gold showings and anomalies.\"The drill results show the potential for creating a much larger open pit in the Southwest Deposit with thick gold zones that intersected outside of the current resource. We are planning on following up these results with additional drilling this fall \"states Rob Hinchcliffe, President and CEO of Galway. He adds \"Additionally, we are looking forward to receiving the assays from the 23 drill holes at the South Deposit, which has intersected some very promising visible gold zones. Keep an eye out for these results in the coming months\".HighlightsCL-200 intersected 1.5 g/t gold over 26.5 metres including 5.70 g/t gold over 4.5 metres: Starting 17 vertical metres from the surface (Figure 1)CL-203 intersected 1.8 g/t gold over 16.0 metres including 13.5 g/t gold over 1.5 metresCL-197 intersected 0.8 g/t gold over 16.1 metres and 0.9 g/t gold over 16.5 metres: Starting 30 vertical metres from the surface (Figure 2)Thick Gold Zones Inside and Outside of Current Southwest Deposit Resource PitsThe drill holes in this release are in the NE area of the Southwest Deposit (Figure 3). Drill hole CL-200 shows high-grade gold continuity within the current resource pit shells and beyond the current Resource Block Model, while bringing mineralization 17 metres from the surface. Holes CL-202 and CL-203 connects high-grade zones at depth within the resource pits. Drill holes CL-197 and CL-198 intersected thick zones outside of known resource pit shells, suggesting open pit expansions towards the NE of the Southwest Deposit. The intercepts mentioned in this press release are in the following Assay and Coordinate Table.Abundant Visible Gold Intersected within the South Deposit DrillingOn going drilling at the South Deposit, the highest-grade resource within the Clarence Stream project h...

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