Galway Metals Inc V.GWM

GWM:TSXV: 5.8 g/t Au over 55.5m; 8.1 g/t Au over 17.5m

[ColwellCapIR]

Full News Release
___________________________

Galway Metals Inc. (TSX-V: GWM, OTCQB: GAYMF) is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company recently reported a 50% strike length expansion. Significant potential exists to be able to combine the GMZ with the Adrian and Richard Zones at its Clarence Stream property in southwest New Brunswick, Canada.

Adrian Zone Highlights:

• The wide vein within the Adrian Zone was previously expanded by 44 metres (m) to the northeast with an intersect that now returns 5.8 g/t Au over 55.5m in hole CL-122 (originally reported as 38.6 g/t Au over 7.5m with assays pending; assays are still pending) from a previously-released intersect that returned 1.1 g/t Au over 78.5m in hole CL-52
• This vein has now been expanded 192m northeast with 2.2 g/t Au over 10.7m in hole 136 from the intersect in hole CL-52
• A deeper vein in the Adrian Zone was expanded 207m south with an intersect that returned 97.7 g/t Au over 1.0m in hole CL-139 from several previously-released intersects such as 22.7 g/t Au over 3.5m (hole CL-92), 5.7 g/t Au over 25.0m (hole CL-103), and 12.9 g/t Au over 2.0m (hole CL-116)

George Murphy Zone Highlights:

• Drilling in the George Murphy Zone (GMZ) has intersected 8.1 g/t Au over 17.5m in hole CL-136. This intersection is located 108m southwest of a previously-reported intersect in hole 109 that returned 1.7 g/t Au over 10.0m
• These GMZ intersects 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
• Most of these wide and high-grade intersections from both the GMZ and Adrian Zones are likely to fall within pit shells. For details, refer to Figure 1, Figure 2 and Figure 3

“Galway continues to receive wide and high-grade drill results that are expanding the GMZ and Adrian Zones and significantly improving the potential to combine these two pits into one. We see the same potential with the GMZ and Richard Zones where wide mineralized intersects were recently released and where additional assays are pending. We believe these pending results will contribute significantly to the ability to combine these zones, enhance the economics of the project and benefit the resource update. As a result, the resource update will be released in the first quarter rather than this month,” cites Robert Hinchcliffe, President and CEO of Galway Metals, “We are pleased to see many of the holes drilled have wide intersects in both the GMZ and Adrian Zones. There are pending assays in both zones and mineralization appears to continue past the intersects being released.”
 
Drill Result Highlights

• Hole CL-122: 5.8 g/t Au over 55.5m (previously reported as 38.5 g/t Au over 7.5m, plus 34.0 g/t Au over 0.5m
• Hole CL-120: 3.9 g/t Au over 17.0m (previously reported as 10.2 g/t Au Over 6.0m), plus 0.9 g/t Au over 52.5m
• Hole CL-136: 8.1 g/t Au over 17.5m, plus 2.2 g/t Au over 10.7m, plus 1.0 g/t Au over 13.0m
• Hole CL-139: 97.7 g/t Au over 1.0m, plus 2.0 g/t Au over 7.0m, plus 1.0 g/t Au over 8.5m
• Hole CL-126: 1.1 g/t Au over 37.3m
• Hole CL-94: 1.2 g/t Au over 34.0m
• Hole CL-117: 1.3 g/t Au over 19.5m
• Hole CL-123: 11.2 g/t Au over 4.25m
• Hole CL-134: 5.5 g/t Au over 4.7m
• Hole CL-102: 1.0 g/t Au over 24.0m
• Hole CL-105: 6.5 g/t Au over 3.5m, plus 3.9 g/t Au over 4.0m, plus 0.5 g/t Au over 11.5m
• Hole CL-103: 2.4 g/t Au over 6.0m, plus previously-released 5.7 g/t Au over 25.0m
• Hole CL-107: 3.4 g/t Au over 7.0m

[jojo57]

Once more they delay resource update. Management has lost the confidence of the market, and it's pissing me off. They could have said this back in Sept. They surely hinted that back in an interview. Yet they chose to piss the market, and investors off. If you can't relay your intentions, you lose credibility It was only a month ago they delayed the report, promising the release for this

[RYUcan]

Well it might be....just might be they are hitting excellent intercepts and would like to get a few more in before the final interation of the resource. Hmm.

[RookieInv]

How could you have possibly wanted them to release the resource estimate in 2021, let alone during tax loss season? They have thousands of meters of core in the labs and need to include them in the RE. That last monster drill result will also be included. To me, they definitely made the right decision. If you really think they are clowns then I suggest you sell and move on. This is one of the most