Galway Metals Looks for Next Discovery at Clarence- Corporate Update

About this update from Galway Metals, Inc.

[{"type":"text","content":"Galway Metals Looks for Next Discovery at Clarence- Corporate UpdateTORONTO, ON / ACCESSWIRE / August 15, 2023 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the \"Company\" or \"Galway\") is pleased to give an update on corporate activities at the flagship Clarence Stream property in New Brunswick, Canada. Galway Metals also has the Estrades gold/ base-metal project in Quebec, Canada.Galway released an updated Mineral Resource for Clarence Stream (the \"Resource\") in an April 25, 2022 press release (click here to view the full report). This represented a more than doubling of Measured and Indicated, and quadrupling Inferred gold resources at Clarence Stream, consisting of the following resource estimates:Indicated Open Pit resources of 886,000 ounces at 2.27 g/t Au,Inferred Open Pit resources 731,000 ounces at 1.93 g/t Au,Indicated Underground resources of 36,000 ounces at 4.1 g/t Au,Inferred Underground resources of 603,000 ounces at 4.5 g/t Au\"The open pit grades at Clarence Stream are very good, indicated grading 2.27 g/t Au. Our focus is on finding more good grade, open pit resources in the undrilled areas in and between the pit shells, where there are significant gaps in drilling,\" said Robert Hinchcliffe, President of Galway Metals, \"In addition to this drilling, we will be exploring the 5 best targets for new gold zones. The Company has been very successful at targeting and discovering many gold zones in the past. Increasing resources with the potential for open pit mining and metallurgical work is part of the program to complete a successful PEA.\"Galway is undertaking numerous efforts to advance both projects it owns, particularly Clarence Stream:Drilling to improve the open pits at the SW Deposit- particularly drilling open areas outside the resource block models to bring in more resource and reduce waste.Metallurgical Testing- first at the SW Deposit where no MET work has ever been done on this new deposit, and then at Estrades; the Clarence Stream work is designed in 5 different areas to see if conventional cyanide will liberate good recoveries and if gravity recoveries are good. Results are pending (Figure 1)Geologic mapping, structural analyses and prospecting of the 5 highest priority highest soil/till geochemical anomalous linear zones- especially in areas where boulders with high gold were found locallyThere...

More updates from Galway Metals, Inc.