Announcement Date: 2022-04-25
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Galway Metals Inc.
Project name: Clarence Stream
Location: Canada
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: (Toronto, Ontario, April 25, 2022) – Galway Metals Inc. (TSX-V: GWM; OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to report an updated Mineral Resource statement disclosed in accordance with NI43-101 standards, prepared by SLR Consulting (Canada) Ltd. on its Clarence Stream property located in southwest New Brunswick, Canada. The previous resource was disclosed 4½ years ago in September 2017. Since then, 106,272 metres of drilling in 337 holes were undertaken in the new SW Deposit that have contributed to the significant increases in the resource totals. Galway’s objectives over the past 4 years were to make multiple discoveries as exploration moved outward from the North and South Zones, where 100% of the prior resource was located, to demonstrate that Clarence Stream represents an important new gold district in North America. Galway is pleased to note that these objectives have been successfully met. It’s also important to note that all Zones included in the resource update are open for significant expansion. Today’s announcement simply represents a snapshot in time.
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