GWY - Top Pick - Raymond James Source Link: https://www.andrewjohns.ca/sites/default/files/u17/Mining_20120425%20Mining%20Sector%20-%20Catalysts%2C%20Milestones%2C%20Newsflow%20%26%20Top%20Picks.pdf
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Mining Top Picks - April 25, 2012
Our Mining Top Picks Include: GWY
Galway Resources (GWY-TSXV): In our view, GWY has significant exploration
potential at both the California and Vetas properties in Colombia. Using drill results
to date, we estimate a resource of 1.1 mln oz gold grading 6 g/t at the California
property and we expect GWY to release an initial NI 43-101 resource for California
within the next few weeks.
Galway Resources (GWY-TSXV) – We expect GWY to release assay results from
drilling at both California and Vetas. Drilling at Vetas will test coincident
geochemical and geophysical anomalies adjacent to CB Gold’s (CBJ-TSXV) property
where drilling intersected 7.57 g/t gold over 114.98 m. Galway has three drills at
each project.