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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by admantine69on May 09, 2012 6:53am
290 Views
Post# 19888199

News!!

News!!

Galway intersects 19.0 meters of 18.9 g/t gold at new California south extension; infill hole returns 42.0 meters of 6.8 g/t gold8 minutes ago by CNW Group

 

 

"Galway has three drill rigs operating in California and has now completed its infill program (mineralization still open at depth) and will continue to drill Machuca while the third rig is testing the neighboring Santa Catalina Zone. The Company continues to aggressively drill at its Vetas gold project, which is located 8 km southeast of California. Galway has recently added a second surface rig and a third drill operating underground.

Robert Hinchcliffe, President and CEO of Galway Resources, said, "We are delighted with the emergence of the new Machuca zone, which reveals a new exploration dimension to the project that could significantly add to the total strike length and total potential resources. We believe our Machuca results will have a positive impact on our resource estimate that we expect to be completed about the end of the current quarter. Machuca is a notable addition to the abundance of strategic assets that Galway controls and we are pursuing numerous options to realize their full value."

 

"The entire corridor may be one continuous mineralized zone through all three properties." 

 

Excellent!!!

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