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Galway Metals Outlines Significant New Titan Geophysical Targets and Drills 4.2% Copper Over 0.7m at Newiska at its Estrades Project, Quebec
TORONTO, June 28, 2018 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSX-V:GWM) (the "Company" or “Galway”) is pleased to report results from new Titan geophysical su
About this update from Galway Metals, Inc.
[{"type":"text","content":"TORONTO, June 28, 2018 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSX-V:GWM) (the \"Company\" or “Galway”) is pleased to report results from new Titan geophysical surveys recently completed by Galway along the Newiska horizon on the Company’s 20,915 hectare, 100%-owned, Estrades Project in the northern Abitibi of western Quebec, Canada. Highlights include a sizable new geophysical target at the Newiska prospect, 8,000m southeast of the former producing Estrades polymetallic deposit, and a new target, some 2,200m south of the main Estrades deposit, (“Estrades South”). In addition, Galway is pleased to report assay results, highlighting high grade copper intersections from the first drill hole by Galway into the Newiska rhyolite horizon (Figure 1). Galway Intersects Strong Copper in Wide Area Southeast of EstradesDrill Hole GWM18-NK-01 intersected 4.2% copper over 0.7 metres (see core picture in core box) in a 22.0 metre interval that returned 0.5% copper, hitting the high grade stringer vein some 93 metres from an historic hole that returned 2.0% copper and 37.4 g/t silver over 1.5m in a 9.4 metre interval that returned 1.1% copper and 41.5 g/t Ag. The high-grade stringer vein intervals in both holes contained considerable chalcopyrite. In the new hole, GWM18-NK-01, the high-grade mineralization is part of an extensive 132 metre stringer zone that is present from 328-460 metres. A second stringer zone is present from 141-194 metres. The significance of such stringer zones is that they are commonly found peripheral to major VMS (Volcanogenic Massive Sulfide) deposits, which are a major source of metals such as copper, zinc and lead. Importantly, these drill results are located on the edge of a new geophysical target outlined by Galway’s recently completed Titan geophysical survey, as discussed below, which may indicate the presence of a major, previously unrecognized massive sulfide body at Newiska (Figure 2). Of note is that Galway’s drill program at Newiska occurred prior to the receipt of Titan geophysical results. New Titan Geophysical Survey Anomaly Below Strong Copper in Drill HoleAt hole GWM18-NK_01, Galway’s new Titan geophysical survey from Quantec Geoscience outlined a strong IP (“Induced Polarization”) conductive zone over 900 metres in length that may correlate with a deep MT (“Magnetotelluric”), less-resistive anom...