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Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by Red5Lukeon Sep 05, 2012 11:19am
309 Views
Post# 20319485

On the verge.....

On the verge.....

Despite the horrible silence all summer GWY is positioning itself to be the cat seat and the next few weeks should be pretty exciting. 

  • Avoided dilution by securing a 10 mill loan from BMO which in itself shows something major is near.  This is unheard of – a bank lending to a
  • Tied up loose ends at Cali by securing the concessions outright including the land fractions within AUX’s site which has to be a sore point for Batista. 
  • Drilled over 80,000 ft and have done infill drilling to show a continuous ore body. 
  • They've expanded the find to over 800 m's and have hit gold in the new Manchuca zone.
  • Releasing a resource estimate on their main property any day now which should be in excess of a million ounces (easily).  They have been drilling away like crazy all summer and are squeezing as many ounces possible into the resource estimate. 
  • Vetas is continually hitting ounces and expanding the resource with drills continuing to turn.
  • Victorio has resource estimate, recently added a million dollars worth of drilling and shopping site around for sale.   

The looongg and quiet wait has been painful but all the patience is about to pay-off in blockbuster fashion.  The mountain will be consolidated and we will be the first link to form the chain.

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