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North Deposit Expands 300 Meters With 6.4 g/t Gold Over 5.2 Meters; Third Rig Mobilizes
TORONTO, ON / ACCESS Newswire / June 25, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) ("G...
About this update from Galway Metals, Inc.
[{"type":"text","content":"North Deposit Expands 300 Meters With 6.4 g/t Gold Over 5.2 Meters; Third Rig MobilizesTORONTO, ON / ACCESS Newswire / June 25, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (\"Galway\" or the \"Company\") is pleased to report results from 11 diamond drill holes at the North Deposit on its 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project has district-scale potential, with a 65-kilometre strike length of highly prospective gold showings and anomalies. The 2022 MRE includes 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 Moz, as outlined in 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.Rob Hincliffe, President and CEO of Galway, commented, \"The North Deposit continues to return solid near-surface grades, including 6.4 g/t gold over 5.2 meters, while demonstrating strong continuity of mineralization 300 meters beyond the limits of the 2022 resource. With these step-outs, our goal is to increase the size of the North Deposit resource by 100% to 200%, building on recent successes that also include meaningful antimony values, a critical metal with strategic importance. These results highlight the growth potential that still exists within and around the known deposits at Clarence Stream. To accelerate this effort, we're mobilizing a third drill rig focused on near-resource exploration and infill drilling to support a future resource update. We believe this approach provides the best opportunity to continue expanding the scale and quality of our Clarence Stream Gold Project.\"Highlights (Plan Map)ND-18 intersected 6.4 g/t gold over 5.2 meters including 27.6 g/t gold over 1.0 meters.ND-16 intersected 1.9 g/t gold and 0.3% antimony over 8.0 meters, including 5.2 g/t gold and 0.7% antimony over 2.0 metersND-08 intersected 1.1 g/t gold and 1.1% antimony over 5.0 meters, including 1.4 g/t gold and 5.4% antimony over 1.0 meters.North Deposit Mineralization Continues 300 Meters NorthDrill results confirm gold and antimony continuity approximately 300 meters north of the 2022 resource boundary. Holes ND-16, ND-17, and ND-18, drilled on section (Cross-section), define a shallow west-dipping zone. Off-...