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Galway Metals Inc V.GWM

Alternate Symbol(s):  GAYMF

Galway Metals Inc. is a Canada-based company, which is engaged in the process of exploring the Clarence Stream and Estrades gold and polymetallic projects, located in New Brunswick and Quebec. The Company has a 100% undivided interest in the Clarence Stream gold project, which is located approximately 70 kilometers (km) south-southwest of Fredericton in south-western New Brunswick, Canada. Its land position comprises 60,465 hectares (149,412 acres) with 65 km of strike length (and a width of up to 28 km) along the Sawyer Brook Fault System. The Company has undivided 100% ownership interest in the former producing, high grade Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims in western Quebec, Canada, located approximately 95 km north of the town of La Sarre. The claims are contiguous and comprise 31 km of strike.


TSXV:GWM - Post by User

Post by Bluetickon Mar 02, 2022 7:28am
132 Views
Post# 34473944

News/Galway Metals Connects GMZ to Adrian and Richard Zones

News/Galway Metals Connects GMZ to Adrian and Richard Zones

Galway Metals Connects GMZ to Adrian and Richard Zones with 4.0 g/t Au over 41.2m Plus 7.3 g/t Au over 13.5m, and 1.4 g/t Au over 34.5m; GMZ Expands with 4.4 g/t Au over 21.35m; Adrian Extends by 50m with 0.6 g/t Au over 47.0m

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In this article:
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GAYMF
+2.01%
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TORONTO, ON / ACCESSWIRE / March 2, 2022 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results that expand the George Murphy Zone (GMZ) in multiple directions, and the connecting of the GMZ to the Adrian Zone (to the north) and the GMZ to the Richard Zone (to the southwest), which was previously connected to the Jubilee Zone (to the southwest). As such, all four zones that Galway has focused its drilling on during the past four years at the Company's Clarence Stream gold project in southwest New Brunswick, Canada, have now been connected along 3.1km of strike length (Figure 1 and Figure 2). Highlights include:

  • Galway has eliminated the 400-metre gap between the GMZ and Richard Zones - the Zones are now connected. Previously-released 1.3 g/t Au over 41.2m (now 42.0m) in hole 189 and 1.4 g/t Au over 13.5m, plus 1.2 g/t Au over 9.0m, plus 0.8 g/t Au over 13.0m, plus 1.3 g/t Au over 5.0m, plus 1.0 g/t Au over 5.0m in hole 185 were located in the gap. New results in the gap include 1.4 g/t Au over 34.5m in hole 188 and 1.3 g/t Au over 42.0m in hole 189, among others. Also in this previous gap area is a new intersection in hole 186 of 0.8 g/t Au over 25.5m, which is in addition to that hole's previously-released intersect of 18.8 g/t Au over 6.0m

  • The GMZ East Area has been extended deeper below several previously released intersections, including 40m deeper by hole 152, which intersected 4.0 grams per tonne (g/t) over 41.2 m and 75m deeper by hole 150, which intersected 4.7 g/t Au over 11.7 metres, (Figure 3)

  • The GMZ and Adrian Zones were connected through previous drilling, but the new intersection of 7.3 g/t Au over 13.5m in hole 152 is the closest to where the two zones join together. This intersect is within the Adrian Zone but only 12m from the wireframed GMZ Zone. The previously released intersection of 5.8 g/t Au over 55.5m (hole 122) is located 143m away from the 7.3 g/t Au over 13.5m (Figure 4 and Figure 5)

  • The GMZ has bulked up with an intersection of 4.4 g/t Au over 21.4m, plus 0.8 g/t Au over 35.9m in hole 100, located in the former centre of the zone. They are located 47m and 30m from an intersection of 1.9 g/t Au over 95.5m (previously 2.0 g/t Au over 54.0m in hole 97

"We are delighted to not only be releasing these wide and high-grade drill results but to finally prove our belief that these four new mineralized zones are connected, with a total strike length of 3.1 kilometers. This continuity should also enhance the economics of the project. We are looking to have a new resource estimate out by the end of March 2022, which will be the maiden resource estimate for this new area, in addition to an updated resource for the legacy North and the South zones, which have an additional 4.4km of strike," cites Robert Hinchcliffe, President and CEO of Galway Metals,

"Galway entered into the project in 2016 with a vision of a new emerging gold district in Canada, with 65 kilometers of under-explored strike length, coupled with favorable infrastructure, and our consistent good results continue to demonstrate that vision. Moreover, with intercepts starting right from surface we are looking at open pit potential as well as underground for the deeper mineralization. Following the resource estimate, our drilling program will be focused on making new discoveries, following up on recent discoveries and expanding existing zones."

George Murphy Zone East Highlights:

  • Hole 152: 4.0 g/t Au over 41.2m, including 16.2 g/t Au over 2.9m, 34.9 g/t Au over 1.5m, 12.1 g/t Au over 0.5m, 9.1 g/t Au over 1.0m, 8.5 g/t Au over 0.5m, and 14.0 g/t Au over 0.5m, plus 7.3 g/t Au over 13.5m (located in the Adrian Zone), including 175.0 g/t Au over 0.5m, starting at vertical depths of 138m and 189m

  • Hole 150: intersected 4.7 g/t Au over 11.7m, including 45.0 g/t Au over 0.5m and 36.8 g/t Au over 0.5m, starting at a vertical depth of 240m

  • Hole 130: intersected 1.4 g/t Au over 6.1m, including 4.5 g/t Au over 0.8m, plus 0.9 g/t Au over 9.0m, including 2.2 g/t Au over 1.5m, plus 0.9 g/t Au over 3.0m, starting at vertical depths of 133m, 149m, and 175m

  • Hole CL-126 intersected 1.1 g/t Au over 37.7m**, including 3.6 g/t Au over 1.0m, 3.4 g/t Au over 1.0m, and 3.2 g/t Au over 1.0m, plus 1.9 g/t Au over 4.0m, including 4.8 g/t Au over 1.0m, plus 1.8 g/t Au over 2.5m, starting at vertical depths of 150m, 185m, and 214m

  • Hole 119: intersected 0.8 g/t Au over 35.7m, including 4.6 g/t Au over 1.0m, 2.4 g/t Au over 0.6m, 1.7 g/t Au over 0.5m, 2.1g/t Au over 1.0m, and 2.1 g/t Au over 1.0m, plus 1.3 g/t Au over 8.2m, including 3.1 g/t Au over 1.0m, plus 2.7 g/t Au over 5.0m including 10.9 g/t Au over 0.5m, and 8.8 g/t Au over 0.5m, starting at vertical depths of 168m, 215m, and 273m

  • Hole 139 intersected 97.7 g/t Au over 1.0m**, including 193.0 g/t Au over 0.5m, plus 2.0 g/t Au over 7.0m**, including 17.9 g/t Au over 0.5m, plus 1.0 g/t Au over 8.5m**, including 2.7 g/t Au over 1.5m, plus 1.6 g/t Au over 3.0m, plus 2.5 g/t Au over 2.0m starting at vertical depths of 222m, 235m, 147m, 37m, and 307m

  • **Previously released. The GMZ intersects in the above bullets are located within the 400m gap between the previous northeastern edge of the GMZ and wildcat step-out hole CL-75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km

GMZ-Richard Highlights that Closed the 400-Metre Gap Between the Two Zones:

  • Hole 189: 1.3 g/t Au over 42.0 (previously released as 1.3 g/t over 41.2 m), including 9.3 g/t Au over 1.0m, 3.9 g/t Au over 1.0m, 3.9 g/t Au over 1.0m, and 4.0 g/t Au over 0.9m, starting at a vertical depth of 199m

  • Hole 186: 18.8 g/t Au over 6.0m**,including 85.3 g/t Au over 1.0m, plus 0.8 g/t Au over 25.5m (previously released as 1.5 g/t Au over 8.5m), including 3.3 g/t Au over 1.5m, 2.3 g/t Au over 1.5m, and 2.5 g/t Au over 1.0m, starting at vertical depths of 49m and 73m

  • Hole 188: 1.4 g/t Au over 34.5 m, including 13.6 g/t Au over 1.5m, 4.6 g/t Au over 1.1m, and 3.7 g/t Au over 1.1m, plus 12.9 g/t Au over 0.5m, starting at vertical depths of 212m and 113m

  • Hole 190: 1.8 g/t Au over 6.0 m, including 4.5 g/t Au over 1.5m, plus 1.4 g/t Au over 2.0m, plus 0.8 g/t Au over 3.0m, starting at vertical depths of 220m, 195m, and 270m

  • Hole 187: 0.6 g/t Au over 10.5 m, plus 3.6 g/t Au over 1.0m, plus 1.2 g/t Au over 2.0m, starting at vertical depths of 53m, 215m, and 202m

George Murphy Zone Highlights (Original Part of the GMZ):

  • Hole 100: 4.4 g/t Au over 21.4m, including 65.6 g/t Au over 1.0m, plus 0.8 g/t Au over 35.9m, including 3.7 g/t Au over 2.0m, 2.2 g/t Au over 0.5m, 2.7 g/t Au over 1.0m, and 2.6 g/t Au over 0.85m, plus 0.8 g/t Au over 3.0m, starting at vertical depths of 136m, 68m, and 54m

  • Hole 97: 1.9 g/t Au over 95.5m (previously released as 2.0 g/t Au over 54.0m), including 29.7 g/t Au over 0.5m, 11.5 g/t Au over 0.5m, 10.6 g/t Au over 0.5m, 9.9 g/t Au over 0.5m, 6.1 g/t Au over 1.5m, 7.5 g/t Au over 0.5m, 6.1 g/t Au over 0.5m, 12.3 g/t Au over 1.5m, 16.3 g/t Au over 1.5m, 4.3 g/t Au over 1.5m, and 5.9 g/t Au over 0.5m, plus 2.4 g/t Au over 9.0m, including 7.0 g/t Au over 1.5m, plus 0.6 g/t Au over 3.0m, starting at vertical depths of 102m, 51m, and 44m below surface

Adrian Zone Highlights:

  • Hole 152: 4.0 g/t Au over 41.2 m (located in the GMZ), including 16.2 g/t Au over 2.9m, 34.9 g/t Au over 1.5m, 12.1 g/t Au over 0.5m, 9.1 g/t Au over 1.0m, 8.5 g/t Au over 0.5m, and 14.0 g/t Au over 0.5m, plus 7.3 g/t Au over 13.5m (Adrian Zone), including 175.0 g/t Au over 0.5m starting at vertical depths of 138m and 189m

  • Hole 118: 0.8 g/t Au over 12.0 m, including 3.7 g/t Au over 1.5m, plus 1.7 g/t Au over 2.5m including 6.4 g/t Au over 0.5m, plus 0.9 g/t Au over 9.0m, including 2.6 g/t Au over 0.5m, and 2.1 g/t Au over 0.5m starting, at vertical depths of 175m, 205m and 346m

  • Hole CL-98 intersected 0.6 g/t Au over 47.0m (previously reported as 1.1 g/t Au over 11.5m), including 6.4 g/t Au over 0.5m, 6.6 g/t Au over 0.5m, 2.1 g/t Au over 0.5m, 1.8 g/t Au over 1.5m, and 3.8 g/t Au over 1.5m, plus 5.2 g/t Au over 1.0m, plus 9.0 g/t Au over 1.5m, starting at vertical depths of 132m, 64m, and 216m

  • Hole CL21-92 intersected 22.7 g/t Au over 3.5m**, including 98.7 g/t Au over 0.5m, plus 24.6 g/t Au over 3.0m**, including 67.0 g/t Au over 1.0m, plus 11.3 g/t Au over 0.5m, plus 0.9 g/t Au over 7.5m, including 5.3 g/t Au over 0.5m, plus 0.9 g/t Au over 6.6m including 2.6 g/t Au over 0.5m,starting at vertical depths of 301m, 80.5m, 180m, 309m, and 143m below surface

Four Zones Joined into One!

The assays from drilling that Galway has been waiting for during the past several months have been returned with good intersections west, east, and north of the GMZ. These and other important holes have now connected all the four zones. The GMZ and the Richard Zones have been connected with intersections of 1.3 g/t Au over 42.0m (hole 189), 18.8 g/t Au over 6.0m plus 0.8 g/t Au over 25.5m (hole 186), and 1.4 g/t Au over 34.5 m (hole 188), and 1.4 g/t Au over 13.5m, plus 1.2 g/t Au over 9.0m, plus 0.8 g/t Au over 13.0m, plus 1.3 g/t Au over 5.0m, plus 1.0 g/t Au over 5.0m in hole 185. These holes are 50-165m apart from one another, and all with steep SE dips. The GMZ has been extended to depth to the NE with intersections such as 4.7 g/t Au over 11.7m, and 4.0 g/t Au over 41.2m.

Size of Adrian Zone Increases

The wide vein zone within the Adrian Zone is located down-dip from the original Adrian discovery holes where the zone appears to flatten and thicken considerably before intersecting the steeper GMZ. It was previously expanded by 44 metres (m) to the northeast with an intersect that returned 5.8 g/t Au over 55.5m in hole CL-122 from a previously-released intersect that returned 1.1 g/t Au over 78.5m in hole CL-52. There were assays pending up-hole from the intersection in hole 122 but only sporadic lower grades were returned despite strong quartz veining there. At only 12m from the wireframed GMZ Zone, the new intersection of 7.3 g/t Au over 13.5m in hole 152 is the closest to where the two zones join together.

Hole 98 intersected 0.6 g/t Au over 47.0m (previously reported as 1.1 g/t Au over 11.5m), which represents the furthest northeastern intersection in Adrian, located 51m east of 0.9 g/t Au over 14.8m in hole 77 in the same zone. The 0.9 g/t Au over 6.6m in hole 92 appears to be the same zone further west, while the 0.9 g/t Au over 7.5m and 22.7 g/t Au over 3.5m appear to be a splay and the continuing vein off of the 5.7 g/t Au over 25.0m in hole 103. The 0.9 g/t Au over 9.0m in hole 118 appears to be this same vein 103m from the 5.7 g/t Au over 25.0m.

Table 1: Drill Result Highlights

Hole ID

From

(m)

To

(m)

Intercept

(m)

TW

(m)

Au

g/t

Zone

GWM-21CL-89

87.50

88.50

1.00

0.90

3.8**

Adrian

 

118.50

120.00

1.50

1.40

0.9**

Adrian

 

138.00

139.50

1.50

1.40

0.5**

Adrian

 

179.00

182.00

3.00

2.80

78.4**

Adrian

Including

181.00

181.50

0.50

0.50

313**

Adrian

Including

181.50

182.00

0.50

0.50

147**

Adrian

 

184.00

185.00

1.00

0.90

0.7**

Adrian

 

190.00

202.00

12.00

11.10

0.5**

Adrian

 

207.50

209.00

1.50

1.40

0.5**

Adrian

 

227.00

228.50

1.50

1.40

0.4**

Adrian

 

240.50

241.50

1.00

0.90

6.4**

Adrian

 

251.50

252.50

1.00

0.90

0.4**

Adrian

 

256.00

257.50

1.50

1.40

0.7**

Adrian

 

266.00

267.00

1.00

0.90

0.4**

Adrian

 

310.00

311.00

1.00

0.90

2.2

Adrian

 

325.00

329.00

4.00

3.70

0.6

Adrian

GWM-21CL-92

80.50

83.50

3.00

3.00

24.6**

Adrian

including

80.50

81.50

1.00

1.00

67.0**

Adrian

 

129.00

129.50

0.50

0.50

2.7

Adrian

 

146.40

153.00

6.60

6.60

0.9

Adrian

including

149.00

149.50

0.50

0.50

2.6

Adrian

 

180.00

180.50

0.50

0.50

11.3**

Adrian

 

301.00

304.50

3.50

3.50

22.7**

Adrian

including

301.00

301.50

0.50

0.50

98.7**

Adrian

 

311.50

319.00

7.50

7.50

0.9

Adrian

including

311.50

312.00

0.50

0.50

5.3

Adrian

GWM-20CL-95

97.50

100.00

2.50

 

0.8

Adrian

 

142.00

143.00

1.00

 

0.7

Adrian

 

189.00

190.00

1.00

 

0.5

Adrian

GWM-21CL-96

135.00

136.50

1.50

1.40

0.6

Adrian

 

160.50

162.00

1.50

1.40

0.5

Adrian

 

175.00

176.00

1.00

0.90

4.9

Adrian

 

183.00

184.00

1.00

0.90

1.7

Adrian

 

204.00

204.50

0.50

0.50

1.1

Adrian

GWM-21CL-97

43.50

46.50

3.00

1.00

0.6

GMZ

 

54.00

63.00

9.00

3.00

2.4

GMZ

including

57.00

58.50

1.50

0.50

7.0

GMZ

 

105.00

200.50

95.50

31.30

1.9

GMZ

 

105.00

159.00

54.00

17.70

2.0**

GMZ

including

107.00

107.50

0.50

0.20

5.9

GMZ

including

107.50

108.00

0.50

0.20

11.5

GMZ

including

109.00

109.50

0.50

0.20

10.6

GMZ

including

114.00

114.50

0.50

0.20

29.7

GMZ

including

116.50

118.00

1.50

0.50

6.1

GMZ

including

119.00

119.50

0.50

0.20

7.5

GMZ

including

119.50

120.00

0.50

0.20

9.9

GMZ

including

121.00

122.00

0.50

0.20

6.1

GMZ

including

135.00

136.00

0.50

0.20

4.7

GMZ

including

160.00

161.50

1.50

0.50

4.3

GMZ

including

167.50

169.00

1.50

0.50

16.3

GMZ

including

194.50

196.00

1.50

0.50

12.3

GMZ

GWM-21CL-100

58.00

61.00

3.00

1.60

0.8

GMZ

 

74.00

109.85

35.85

19.10

0.8

GMZ

including

74.00

76.00

2.00

1.10

3.7

GMZ

including

80.00

80.50

0.50

0.30

2.2

GMZ

including

95.00

96.00

1.00

0.50

2.7

GMZ

including

99.50

100.35

0.85

0.50

2.6

GMZ

 

148.50

169.85

21.35

11.40

4.4

GMZ

including

155.50

156.50

1.00

0.50

65.6

GMZ

GWM-21CL-118

180.00

192.00

12.00

11.90

0.8

Adrian

including

181.50

183.00

1.50

1.50

3.7

Adrian

 

193.80

195.00

1.20

1.20

0.7

Adrian

 

205.00

206.00

1.00

1.00

0.6

Adrian

 

208.00

210.50

2.50

2.50

1.7

Adrian

including

209.00

209.50

0.50

0.50

6.4

Adrian

 

214.50

215.50

1.00

1.00

0.4

Adrian

 

235.50

237.00

1.50

1.50

0.6

Adrian

 

286.00

287.00

1.00

1.00

1.6

Adrian

 

328.50

330.00

1.50

1.50

1.5**

Adrian

 

331.50

333.00

1.50

1.50

0.6**

Adrian

 

351.00

360.00

9.00

8.90

0.9

Adrian

including

351.00

352.00

1.00

1.00

0.5**

Adrian

including

353.00

353.50

0.50

0.50

2.6

Adrian

 

354.00

354.50

0.50

0.50

2.1

Adrian

GWM-21CL-119

118.90

120.00

1.10

1.00

0.5**

GMZ

 

122.00

123.20

1.20

1.10

0.5**

GMZ

 

157.00

157.65

0.65

0.60

0.6

GMZ

 

164.00

165.50

1.50

1.40

0.6

GMZ

 

168.50

170.50

2.00

1.90

0.7

GMZ

 

198.40

234.10

35.70

34.00

0.8

Adrian

 

198.40

220.00

21.60

20.60

0.7**

Adrian

including

229.00

230.00

1.00

1.00

4.6

Adrian

including

199.40

200.00

0.60

0.60

2.4

Adrian

including

202.50

203.00

0.50

0.50

1.7

Adrian

including

219.00

220.00

1.00

1.00

2.1

Adrian

including

222.00

223.00

1.00

1.00

2.1

Adrian

 

256.85

265.00

8.15

7.80

1.3

Adrian

including

262.00

263.00

1.00

1.00

3.3

Adrian

 

305.00

305.50

0.50

0.50

2.7

Adrian

 

322.00

326.95

4.95

4.70

2.7

Adrian

including

325.10

325.60

0.50

0.50

10.9

Adrian

including

326.45

326.95

0.50

0.50

8.8

Adrian

 

331.85

332.35

0.50

0.50

1.5

Adrian

 

394.75

395.75

1.00

1.00

2.2

Adrian

GWM-21CL-121

154.50

158.00

3.50

1.40

1.6**

GMZ

including

155.50

156.00

0.50

0.20

4.5**

GMZ

 

176.50

177.00

0.50

0.20

1.6

GMZ

 

362.85

363.35

0.50

0.20

4.6

GMZ

 

374.75

377.50

2.75

1.10

2.2

GMZ

including

377.00

377.50

0.50

0.20

7.1

GMZ

 

380.20

380.90

0.70

0.30

1.5

GMZ

 

201.00

211.20

10.20

4.10

1.6**

GMZ

 

213.20

214.30

1.10

0.40

0.7**

GMZ

 

229.50

230.50

1.00

0.40

1.7**

GMZ

 

266.50

269.00

2.50

1.00

1.7**

GMZ

including

267.50

268.00

0.50

0.20

6.0**

GMZ

 

275.75

477.00

201.25

80.90

pending

GMZ

GWM-21CL-122

137.90

139.00

1.10

0.70

0.5

GMZ

 

230.00

232.00

2.00

1.30

0.5

Adrian

 

243.50

244.00

0.50

0.30

0.6

Adrian

 

254.00

255.00

1.00

0.70

0.6

Adrian

 

263.00

318.50

55.50

36.60

5.8**

Adrian

 

308.00

315.50

7.50

4.90

30.7**

Adrian

including

310.00

310.50

0.50

0.30

151.0**

Adrian

including

314.00

314.55

0.55

0.40

144.0**

Adrian

 

340.00

340.50

0.50

0.30

34.0**

Adrian

GWM-21CL-126

197.00

234.30

37.30

28.80

1.1**

Adrian

including

208.00

209.00

1.00

0.80

3.4**

Adrian

including

213.00

214.00

1.00

0.80

3.6**

Adrian

including

222.00

223.00

1.00

0.80

3.2**

Adrian

 

242.50

246.50

4.00

3.10

1.9

Adrian

including

242.50

243.50

1.00

0.80

4.8

Adrian

 

281.00

283.15

2.50

1.90

1.8

Adrian

 

292.00

293.00

1.00

0.80

0.9

Adrian

GWM-21CL-130

152.00

158.10

6.10

3.80

1.4

GMZ

including

156.65

157.40

0.75

0.50

4.5

GMZ

 

160.00

160.50

0.50

0.30

0.9

GMZ

 

163.80

169.90

 

0.00

pending

GMZ

 

170.50

179.50

9.00

5.60

0.9

GMZ

including

176.50

178.00

1.50

0.90

2.2

GMZ

 

179.50

193.50

 

0.00

pending

GMZ

 

198.00

201.00

3.00

1.90

0.9**

GMZ

 

202.00

324.00

122.00

76.10

pending

GMZ

GWM-21CL-139

42.00

45.00

3.00

1.40

1.6

GMZ

 

167.00

175.50

8.50

3.90

1.0**

GMZ

including

170.00

171.50

1.50

0.70

2.7**

GMZ

 

186.50

230.50

44.00

20.20

pending

Adrian

 

252.00

252.50

0.50

0.20

0.5**

Adrian

 

254.00

255.00

1.00

0.50

97.7**

Adrian

including

254.00

254.50

0.50

0.20

193.0**

Adrian

 

267.50

274.50

7.00

3.20

2.0**

Adrian

including

267.50

268.00

0.50

0.20

17.9**

Adrian

 

281.00

282.50

1.50

0.70

1.5

Adrian

 

349.50

351.50

2.00

0.90

2.5

Adrian

 

357.80

358.30

0.50

0.20

1.6

Adrian

GWM-21CL-150

133.10

134.25

1.15

0.90

0.7

GMZ

 

295.35

296.10

0.75

0.60

0.5

GMZ

 

323.00

334.65

11.65

9.60

4.7

GMZ

including

323.50

324.00

0.50

0.40

45.0

GMZ

including

327.50

333.00

0.50

0.40

36.8

GMZ

 

387.50

385.00

   

pending

 
 

401.10

411.00

   

pending

 

GWM-21CL-152

191.80

233.00

41.20

33.30

4.0

GMZ

including

191.80

193.30

1.50

1.20

34.9

GMZ

including

194.80

195.30

0.50

0.40

12.1

GMZ

including

213.80

214.30

0.50

0.40

14.0

GMZ

including

220.60

223.50

2.90

2.30

16.2

GMZ

 

251.50

252.00

0.50

0.40

1.1

Adrian

 

263.50

264.00

0.50

0.40

0.5

Adrian

 

265.50

279.00

13.50

10.80

7.3

Adrian

including

269.00

269.50

0.50

0.40

175.0

Adrian

 

338.00

346.00

8.00

6.50

1.3

Adrian

including

340.50

341.00

0.50

0.40

3.5

Adrian

including

345.00

346.00

1.00

0.80

6.9

Adrian

GWM-21BL-185

30.00

35.00

5.00

3.10

1.3**

Richard

including

31.00

32.00

1.00

0.60

3.1**

Richard

including

34.50

35.00

0.50

0.30

4.4**

Richard

 

70.00

73.00

3.00

1.90

0.7**

Richard

 

85.00

86.50

1.50

0.90

0.8**

Richard

 

89.00

98.00

9.00

5.60

1.2**

Richard

including

91.00

92.00

1.00

0.60

7.0**

Richard

 

129.50

132.00

2.50

1.60

1.2**

Richard

 

166.00

166.50

0.50

0.30

3.8**

Richard

 

178.00

183.00

5.00

3.10

1.0**

Richard

 

201.00

214.00

13.00

8.10

0.8**

Richard

including

202.50

204.00

1.50

0.90

2.4**

Richard

including

213.00

214.00

1.00

0.60

4.8**

Richard

 

238.50

252.00

13.50

8.50

1.4**

Richard

including

242.00

243.00

1.00

0.60

6.4**

Richard

including

251.00

252.00

1.00

0.60

8.5**

Richard

 

366.00

381.00

15.00

9.40

0.7*

Richard

GWM-21BL-186

32.00

33.00

1.00

0.40

0.4**

Richard

 

72.00

78.00

6.00

2.50

18.8**

Richard

including

73.00

74.00

1.00

0.40

85.3**

Richard

 

99.50

101.00

1.50

0.70

0.5**

Richard

 

107.00

132.50

25.50

11.10

0.8

Richard

 

107.00

115.50

8.50

3.70

1.5**

Richard

including

107.00

108.50

1.50

0.70

2.3

Richard

including

110.00

111.50

1.50

0.70

3.3**

Richard

including

125.00

126.00

1.00

0.40

2.5

Richard

 

197.50

208.00

 

0.00

pending

Richard

 

251.00

253.00

2.00

0.90

0.8

Richard

 

263.00

270.00

 

0.00

pending

Richard

 

270.00

272.00

2.00

0.90

0.8

Richard

GWM-21BL-187

75.50

86.00

10.50

4.50

0.6

Richard

 

128.00

138.50

 

0.00

pending

Richard

 

149.00

159.50

 

0.00

pending

Richard

 

323.00

324.50

1.50

0.60

1.0

Richard

 

327.50

329.50

2.00

0.90

1.2

Richard

 

333.00

334.00

1.00

0.40

0.5

Richard

 

351.00

352.00

1.00

0.40

3.6

Richard

GWM-21BL-188

18.00

19.10

1.10

0.70

0.6

Richard

 

26.00

27.00

1.00

0.60

0.6

Richard

 

58.00

58.50

0.50

0.30

0.6

Richard

 

61.50

63.00

1.50

0.90

3.3

Richard

 

64.50

66.00

1.50

0.90

0.6

Richard

 

83.00

84.00

1.00

0.60

0.5

Richard

 

118.50

119.00

0.50

0.30

12.9

Richard

 

161.00

162.00

1.00

0.60

0.8

Richard

 

220.50

255.00

34.50

20.50

1.4

Richard

including

220.50

221.60

1.10

0.70

4.6

Richard

including

250.50

252.00

1.50

0.90

13.6

Richard

including

238.00

239.50

1.50

0.90

3.7

Richard

 

280.00

281.50

1.50

0.90

1.0

Richard

GWM-21BL-189

71.00

72.00

1.00

0.60

0.4

Richard

 

81.00

82.50

1.50

0.90

3.3

Richard

 

140.50

151.00

 

0.00

pending

Richard

 

197.50

200.50

3.00

1.90

0.8**

Richard

 

208.00

250.00

42.00

26.60

1.3

Richard

 

208.85

250.00

41.15

26.00

1.3 **

Richard

including

213.50

214.50

1.00

0.60

3.9**

Richard

including

225.00

226.00

1.00

0.60

3.9**

Richard

including

247.50

248.35

0.85

0.50

4.0**

Richard

including

249.00

250.00

1.00

0.60

9.3**

Richard

 

262.50

264.00

1.50

0.90

0.5**

Richard

 

268.50

270.00

1.50

0.90

0.8**

Richard

 

270.00

372.00

   

pending

Richard

GWM-21BL-190

68.00

69.50

1.50

0.90

0.5

Richard

including

180.50

182.00

1.50

0.90

0.5

Richard

 

202.00

204.00

2.00

1.20

1.4

Richard

 

227.00

233.00

6.00

3.60

1.8

Richard

including

231.50

233.00

1.50

0.90

4.5

Richard

 

243.50

245.00

1.50

0.90

0.6

Richard

 

251.00

252.50

1.50

0.90

1.1

Richard

 

255.50

257.00

1.50

0.90

0.9

Richard

 

280.00

283.00

3.00

1.80

0.8

Richard

** previously released; VG = visible gold. 0.42 g/t Au was used for the bottom cut-off; True widths are unknown if not noted. * If below pit, then likely uneconomic

New Brunswick Junior Mining Assistance Program

Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which partially funded drilling of the GMZ, Jubilee, and Richard Zones.

Geology and Mineralization

The discovery of the Richard Zone in hole 12 contains elevated levels of bismuth, arsenopyrite, and antimony, in multiple quartz veins, with tungsten in the vicinity. This is similar to other Clarence Stream deposits, which can be characterized as intrusion-related quartz-vein hosted gold deposits. The Richard Zone contains multiple zones of quartz veining with sulfides and sericite alteration. In general, mineralization at Clarence Stream consists of 10-70% quartz stockworks and veins with 1-5% fine pyrite plus pyrrhotite plus arsenopyrite plus stibnite in sericite altered sediments. The Jubilee mineralization consists of 2%-5% disseminated pyrite, sphalerite, galena, arsenopyrite, chalcopyrite, and pyrrhotite in sediments with white to smoky grey quartz veining. Locally there is up to 10% sphalerite and semi-massive galena veinlets. The 2.5 km trend that hosts the GMZ, Richard and Jubilee Zones contains a mineralized mafic intrusive locally - similar to the South Zone, which currently hosts most of the property's last reported gold resources (September 2017). A more complete description of Clarence Stream's geology and mineralization can be found at www.galwaymetalsinc.com.

Review by Qualified Person, Quality Control and Reports

Michael Sutton, P.Geo., Director and VP of Exploration for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, located at 41 Bittern Street, Ancaster, Ontario, Canada, Agat Laboratories, located at 5623 McAdam Road, Mississauga Ontario, Canada L4Z 1N9 and 35 General Aviation Road, Timmins, ON P4P 7C3, and/or Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

Table 2: Drill Hole Coordinates

Hole ID

Azimuth

Dip

Easting

Northing

Depth

GWM21CL-89

120

-67

654359.0

5022870

242

GWM21CL-92

16

-85

654456.9

5022853

324

GWM21CL-95

37

-45

654445.0

5022882

219

GWM21CL-96

311

-51

654553.5

5022834

234

GWM21CL-97

293

-75

654352.1

5022386

202

GWM21CL-100

319

-67

654352.6

5022388

189

GWM21CL-118

60

-81

654371.7

5022780

381

GWM21CL-119

305

-59

654602.2

5022602

400

GWM21CL-121

312

-67

654561.4

5022514

477

GWM21CL-122

312

-45

654561.4

5022514

441

GWM21CL-126

313

-51

654583.0

5022546

330

GWM21CL-130

317

-62

654583.0

5022547

324

GWM21CL-139

296

-62.5

654645.0

5022627

375

GWM21CL-150

318

-45

654653.0

5022382

411

GWM21CL-152

300

-47

654565.0

5022410

351

GWM21BL-185

310

-75

653033.3

5021071

359

GWM21BL-186

150

-45

653813.1

5021846

387

GWM21BL-187

135

-45

653682.8

5021851

365

GWM21BL-188

320

-75

653789.0

5021987

485

GWM21BL-189

316

-74

653852.2

5021880

444

GWM21BL-190

315

-75.8

653899.6

5021914

375

For results of all holes that Galway has drilled at Clarence Stream, go to Galway's website at www.galwaymetalsinc.com.

Figure 1 Plan Map of the Adrian, GMZ, Richard and Jubilee Zones

Figure 2 Plan Map of the Richard and Jubilee Zones

Figure 3 - GMZ Long Section

Figure 4 - Plan Map of the GMZ and Adrian Zones

Figure 5 - GMZ and Adrian Cross Section

About the Company

Galway Metals is well capitalized with two projects in Canada: Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade, gold-rich VMS polymetallic mine in Quebec. The Company began trading on January 4, 2013, after its successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.

Should you have any questions and for further information, please contact (toll free):

Galway Metals Inc.
Robert Hinchcliffe
President & Chief Executive Officer
1-800-771-0680
Website: www.galwaymetalsinc.com
Email: info@galwaymetalsinc.com

..........Bluetick
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