| Announcement Date: | 2023-02-28 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Galway Metals Inc. |
| Project name: | Clarence Stream |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 9m at 4.30g/t Au from 39.50m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | (Toronto, Ontario, February 28, 2023) – Galway Metals Inc. (TSX-V: GWM; OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to report new drill results from the North Zone of its high grade, multi-million-ounce Clarence Stream Gold Project in SW New Brunswick, Canada. The new results expand on known gold mineralization outside the North Zone’s pit shell boundaries in two key areas. The pit shells were defined in the N.I. 43-101 Resource Update titled “Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada” dated March 31, 2022, by SLR Consulting (Canada) Ltd. The new drill results intersected gold mineralization at shallow depths, ranging from just 16 metres to 112 metres below surface. The results show that gold mineralization is present outside the current resource model and pit limits of the three pits planned in the North Zone, which is currently the smallest of the three resource Zones at Clarence Stream. The new drill results are highlighted in Figure 1 and in Figure 2 below |
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