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Galway Metals Intersects 26.9 g/t Gold over 8.6m; Including 368.0 g/t over 0.5m at the South Deposit
TORONTO, ON / ACCESS Newswire / January 16, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) ...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals Intersects 26.9 g/t Gold over 8.6m; Including 368.0 g/t over 0.5m at the South Deposit TORONTO, ON / ACCESS Newswire / January 16, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to report assay results from 12 diamond drill holes from the South Deposit at 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; and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz., and 16.0 Mt @ 2.6 g/t Au Inferred for 1.334 M oz. gold from the NI 43-101 technical report titled \"Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada\" dated March 31, 2022, by SLR Consulting Ltd. The MRE contains an antimony resource in addition to gold.\"High-grade gold intercepts near the margin of our current resource pit models show there is an enormous potential to expend these deposits along strike and at depth, as well as to enhance the gold continuity within the current resource pits. In 2025 we will continue to build and improve the potential economics of our deposits with drilling and on going economic and metallurgical studies\" states Rob Hincliffe, President and CEO of Galway metals. He adds \"In light of recent news regarding Chinese export restrictions on antimony, resulting in global antimony prices rising by 300% to the current level of US$15.00 per pound. Galway is keen to continue drilling the South and North Deposits, which contain over 25 million pounds of antimony stated in the 2022 Clarence Stream Mineral Resource Estimate.\"HighlightsCS-414 intersected 26.9 g/t gold over 8.6 metres including 368.0 g/t gold over 0.5 metresCS-400 intersected 3.3 g/t gold over 3.0 metres including 10.9 g/t gold over 0.6 metresCS-399 intersected 1.9 g/t gold over 5.1 metres including 8.3 g/t gold over 0.5 metresContinuing to Add Ounces to the Potential South Deposit Starter PitThe reported assays from the 2024 drilling program (plan map) at the South Deposit confirm the potential to expand the resource by infilling drilling between known intercepts. CS-414 intersected a wide and high-grade zone on the western area of the South Deposit and CS-415 extended the ...