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Galway Metals Intersects Wide, Near Surface Mineralization at its New GMZ Discovery at Clarence Stream in New Brunswick
TORONTO, ON / ACCESSWIRE / August 9, 2018 / Galway Metals Inc. (TSX-V: GWM) (the "Company" ...
About this update from Galway Metals, Inc.
[{"type":"text","content":"Galway Metals Intersects Wide, Near Surface Mineralization at its New GMZ Discovery at Clarence Stream in New BrunswickTORONTO, ON / ACCESSWIRE / August 9, 2018 / Galway Metals Inc. (TSX-V: GWM) (the \"Company\" or \"Galway\") is pleased to reportassay results from 5 additional drill holes and 2 partial holes, (1,693 metres) in the recently discovered George Murphy Zone (GMZ) at Clarence Stream in SW New Brunswick (Figure 1). A new intersect from hole GWM-18CL-29, which returned 1.9 g/t gold over 22.0 metres, extended the strike length of the GMZ by 110 metres to 500 metres. The drill program is designed to expand the mineralized envelope in order to complete a resource update, which will be undertaken in the first quarter, 2019. The upcoming Clarence Stream resource estimate will include, for the first time, the newly discovered George Murphy Zone and the Jubilee Zone.\"This 500-metre long new discovery is filling in and expanding nicely, and continues to be open in every direction. Galway believes its huge, 60,000-hectare, 65-km long Clarence Stream property hosts a new emerging gold district. In fact, the discovery at George Murphy represented Galway's first drilling outside the three previously known deposits, and given the plethora of additional drill targets that exist, additional discoveries are likely ahead. Galway set an exploration target of 200,000-260,000 ounces for George Murphy,\" cites Robert Hinchcliffe, President and CEO of Galway Metals. Drilling Highlights Located W, SW of 807.0 g/t Intersect 3.4 g/t Au over 17.0 metres (m) (8.9m true width (TW)) at a vertical depth of 101 m below surface, (including 40.0 g/t Au over 0.5 m, and 24.3 g/t Au over 1.0 m), in GWM-18CL-27. 2.9 g/t Au over 5.1 m (4.1 m TW) at a vertical depth of 60 m below surface, (including 7.1 g/t Au over 1.3 m), plus 12.0 g/t Au over 1.0 m, in GWM-18CL-28. 1.9 g/t Au over 22.0 m (16.2 m TW) at a vertical depth of 62 m below surface, (including 16.9 g/t Au over 1.3 m), in GWM-18CL-29.Located E, NE of 807.0 g/t Intersect 1.4 g/t Au over 10.4 m (4.7 m TW) at a vertical depth of 58 m below surface, (including 5.0 g/t Au over 0.5 m, 4.1 g/t Au over 1.1 m, and 3.6 g/t Au over 1.0 m), plus 0.8 g/t Au over 12.6 m (5.7 m TW) at a vertical depth of 22 m below surface, (including 5.8 g/t Au over 1.0 m), plus 3.2 g/t Au over 2.2 m (1.0 m TW) at a vertical d...