Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Galway Resources Ltd V.GWY



TSXV:GWY - Post by User

Post by nor_easteron Sep 16, 2012 12:55pm
456 Views
Post# 20372983

Area Fractions

Area Fractions

note: Ventana = AUX

From most recent GWY presentation. p.45. - • Fractional land position surrounded by AUX resources- to be drilled

From link: https://www.galwayresources.com/s/NewsReleases.asp?ReportID=401131&_Type=News-Releases&_Title=Galway-Increases-Its-Land-Position-By-67-In-California-Colombia

Figure 3 shows Galway's fractions, the most strategic of which is a 360 meter long tenement that is situated within the La Mascota structure.La Mascota is a large scale and high grade epithermal gold, silver and copper enriched system. Indeed, this 360 meter long fraction is located between Ventana's Coloro property and its recently acquired La Baja concession, and ends at Ventana's La Bodega property on the northeast end and its El Cuatro property on the southwest end.Ventana has reported drill results near this 360 meter long fraction, the most notable of which was drill hole 159, which contained 41 meters grading 6.02 grams per tonne gold (g/t Au). Other notable drill results are provided in Figure 3. Galway also controls several other fractions along the borders of various other Ventana concessions, through which the Las Mercedes structure is believed to cross.

Galway has received confirmation from the Colombian Mining Ministry that mining titles for 100% of six concessions were successfully transferred and registered to Galway Resources, including the "fractions" that appear to be directly within AUX's La Mascota mineralized structure.

Ventana's mineral resource appears to have been constrained as Galway's land fractions limited Ventana's exploration of this highly prospective area.

<< Previous
Bullboard Posts
Next >>