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     101  0 Kommentare Galway Metals Adrian and GMZ Gaps Return 5.8 g/t Au over 55.5m, and 8.1 g/t Au over 17.5m

    TORONTO, ON / ACCESSWIRE / December 7, 2021 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company …

    TORONTO, ON / ACCESSWIRE / December 7, 2021 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") 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 97.7g/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 Highlights

    • Hole CL-122 intersected 5.8 g/t Au over 55.5m (previously reported as 38.5 g/t Au over 7.5m), which includes 151.0 g/t Au over 0.5m, 144.0 g/t Au over 0.55m, 110.0 g/t Au over 0.5m, 41.6 g/t Au over 0.5m, 21.2 g/t Au over 0.5m, 23.7 g/t Au over 0.5m, and 35.4 g/t Au over 0.5m, plus 34.0 g/t Au over 0.5m, starting at vertical depths of 176m and 226m
    • Hole CL-120 intersected 3.9 g/t Au over 17.0m (previously reported as 10.2 g/t Au Over 6.0m), including 91.2 g/t Au over 0.5m, plus 0.9g/t Au over 52.5m, including 4.0 g/t Au over 3.0m, 4.3 g/t Au over 1.0m, and 7.6 g/t Au over 0.5m, starting at vertical depths of 115m, and 169m
    • Hole CL-136 intersected 8.1 g/t Au over 17.5m, including 89.2 g/t Au over 0.5m and 88.8 g/t Au over 0.65m, plus 2.2 g/t Au over 10.7m, including 16.9 g/t Au over 0.5m, and 20.4 g/t Au over 0.5m, plus 1.0 g/t Au over 13.0m, including 7.1 g/t Au over 1.0m, starting at vertical depths of 85m, 201m, and 175m
    • Hole CL-139 intersected 97.7 g/t Au over 1.0m, including 193.0 g/t Au over 0.5m, plus 2.0 g/t Au over 7.0m, including 17.9 g/t Au over 0.5m, plus 1.0 g/t Au over 8.5m, including 2.7 g/t Au over 1.5m, starting at vertical depths of 222m, 235m, and 147m
    • Hole CL-126 intersected 1.1 g/t Au over 37.3m, including 3.6 g/t Au over 1.0m, 3.4 g/t Au over 1.0m, and 3.2 g/t Au over 1.0m, starting at a vertical depth of 150m
    • Hole CL-94 intersected 1.2 g/t Au over 34.0m, including 16.0 g/t Au over 1.0m, starting at a vertical depth of 155m
    • Hole CL-117 intersected 1.3 g/t Au over 19.5m, including 9.5 g/t Au over 1.0m, 3.3 g/t Au over 1.0m, and 3.6 g/t Au over 0.5m, starting at a vertical depth of 80m
    • Hole CL-123 intersected 11.2 g/t Au over 4.25m, including 77.7 g/t Au over 0.6, starting at a vertical depth of 133m
    • Hole CL-134 intersected 5.5 g/t Au over 4.7m, including 23.8 g/t Au over 0.5m, and 16.5 g/t Au over 0.7m, starting at a vertical depth of 179m
    • Hole CL-102 intersected 1.0 g/t Au over 24.0m, including 3.6 g/t Au over 2.5m, and 5.3 g/t Au over 1.5m, starting at a vertical depth of 139m
    • Hole CL-105 intersected 6.5 g/t Au over 3.5m, including 14.8 g/t Au over 0.5m, plus 3.9 g/t Au over 4.0m, including 12.6 g/t Au over 1.0m, plus 0.5 g/t Au over 11.5m, starting at vertical depths of 166m, 191m, and 206m
    • Hole CL-103 intersected 2.4 g/t Au over 6.0m, plus previously-released 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m, starting at vertical depths of 229m and 286m
    • Hole CL-107 intersected 3.4 g/t Au over 7.0m, including 12.3 g/t Au over 1.0m, starting at a vertical depth of 297m
    • Hole CL-98 intersected 1.1 g/t Au over 11.5m, including 6.4 g/t Au over 0.5m, and 3.8 g/t Au over 1.5m, starting at a vertical depth of 165m
    • Hole CL-91 intersected 0.7 g/t Au over 21.0m, including 2.1 g/t Au over 1.5m, starting at a vertical depth of 84m
    • Hole CL-125 intersected 0.6 g/t Au over 19.0m, including 2.0 g/t Au over 1.0m, starting at a vertical depth of 172m
    • Hole CL-121 intersected 1.6 g/t Au over 10.2m, starting at a vertical depth of 185m
    • Hole CL-93 intersected 0.8 g/t Au over 15.2m, including 2.9 g/t Au over 1.0m, plus 0.5 g/t Au over 19.0m, starting at vertical depths of 190m, and 162m
    • Hole CL-101 intersected 1.0 g/t Au over 5.5m, including 3.3 g/t Au over 1.0m starting at a vertical depth of 260m
    • Hole CL-82 intersected 1.5 g/t Au over 5.05m, plus previously released 1.5 g/t Au over 14.6m, including 8.7 g/t Au over 1.05m, and 4.2 g/t Au over 0.6m, starting at vertical depths of 295m and 68m

    ADRIAN INCREASES

    Most of the new intersections are located down-dip from the original Adrian discovery holes where the zone appears to flatten and thicken considerably before intersecting the steeper GMZ. The 5.8 g/t Au over 55.5m intersection in hole 122 is preceded by 20%-55% quartz for 60 metres with pending assays. It is located 44m northeast of another wide intersection from hole CL-52 which returned 1.1 g/t Au over 78.5m. Going northeast from these holes, the closest intersections are 1.1 g/t Au over 37.3m in hole 126, located 78m away, but that is at a higher elevation - assays are pending for mineralized core further down where the main part of the zone should be. Hole 136 appears to have intersected the same zone, returning 2.2 g/t Au over 10.7m, located 192m northeast of the intersect in hole 52. Holes 125, 126, 144, 147, 150, 152 are pending most or all assays for this zone.

    Hole 139 intersected 193.0 g/t Au over 0.5m plus 2.0 g/t Au over 7.0m, which appear to line up with a high-grade zone that has previously-reported intersections of 22.7 g/t Au over 3.5m, including 98.7 g/t Au over 0.5m (hole 92), 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m (hole 103), and 12.9 g/t Au over 2.0m, including 48.2 g/t Au over 0.5m (hole 116). These intersections are located 207m to the northeast of hole 139 with numerous holes between pending assays. Hole 107 has intersected this high-grade zone, returning 3.4 g/t Au over 7.0m, located 42m southwest of hole 116.

    Hole 98 intersected 1.1 g/t Au over 11.5m, which represents the furthest northeastern intersection in Adrian, located 35m east of the 12.9 g/t Au over 2.0m in hole 116 - but not in the same zone.

    The intersections in holes 91 and 82 appear to line up with previously-released hole 77 (1.3 g/t Au over 35.3m, plus 0.9 g/t Au over 14.8m) and likely represent where the folded Adrian Zone comes towards surface.

    GMZ INCREASES

    The GMZ has been intersected in hole 136, returning 8.1 g/t Au over 17.5m. This intersection is located within the previous 400m gap between the northeastern edge of the GMZ and wildcat step-out hole 75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km. The intersection in hole 136 is located 108m to the southwest of previously-reported hole CL-109 that returned 1.7 g/t Au over 10.0m. Hole 117, which returned 1.3 g/t Au over 19.5m, intersected the same zone 64m below the 1.7 g/t Au over 10.0m. Holes 121, 122, 123, 125, 126, 130, 139, and 144 are pending most assays for this zone.

    The GMZ/Adrian Zones are currently more than 1.1km long with multiple structures over 388m horizontal thickness (width), and with all veins open in every direction. The Adrian Zone is north of the GMZ and is part of the same overall system that Galway has been drilling during the past 4 years that stretches 3.1km from Adrian to the GMZ, Richard and Jubilee Zones (Adrian is flat dipping whereas the latter three are steeply dipping to the south). Soil anomalies, in conjunction with glacial till and stream sediment anomalies along magnetic lows led to the discovery of all 7 known gold deposits at Clarence Stream, and the property hosts many other as of yet untested gold anomalies.

    Resource will be released in the first quarter of 2022

    The Clarence Stream resource update targeted for this month is now scheduled for the first quarter. Galway has in excess of 8,000 samples pending assay results at the labs. There is generally an 8-12 week delay in receiving results, and the Company would like to incorporate key pending assays into the update. A recent previously-reported intersection of 1.3 g/t Au over 41.15 metres in the 400m gap between the Richard and the GMZ came from an area with numerous holes pending all assays. This area too is key to the resource because it could combine two pits into one. Galway plans on incorporating all zones discussed in this press release, Adrian, GMZ, Richard and Jubilee, which cover a strike length of 3.1km, as well as the existing South and North Zones, into the resource update.

    Table 1: Drill Result Highlights

    Hole ID

    From

    To

    Intercept

    TW

    Au

    Zone

    (m)

    (m)

    (m)

    (m)

    g/t

    GWM20CL-40

    73.25

    83.05

    9.80

    6.5

    1.1**

    GMZ

    including

    75.70

    76.55

    0.85

    4.1**

    GMZ

    85.60

    86.60

    1.00

    0.6**

    GMZ

    92.85

    96.50

    3.65

    1.2**

    GMZ

    180.40

    188.90

    5.90

    4.0

    0.7**

    GMZ

    including

    185.25

    186.00

    0.75

    0.50

    2.5**

    GMZ

    197.00

    197.95

    0.95

    0.6**

    GMZ

    GWM20CL-48

    66.50

    68.00

    1.50

    0.4

    Adrian

    GWM20CL-52

    100.50

    102.00

    1.50

    1.6 **

    Adrian

    148.00

    149.50

    1.50

    1.2**

    Adrian

    173.00

    174.50

    1.50

    5.9**

    Adrian

    177.50

    179.00

    1.50

    2.3**

    Adrian

    189.50

    231.00

    41.50

    1.3 **

    Adrian

    152.50

    231.00

    78.50

    76.10

    1.1**

    Adrian

    including

    191.00

    197.00

    6.00

    5.80

    4.7 **

    Adrian

    including

    204.00

    204.50

    0.50

    0.50

    2.3**

    Adrian

    including

    226.00

    226.50

    0.50

    0.50

    5.7 **

    Adrian

    including

    227.50

    228.00

    0.50

    0.50

    2.4**

    Adrian

    including

    230.50

    231.00

    0.50

    0.50

    2.3**

    Adrian

    352.00

    354.50

    2.50

    0.5

    Adrian

    GWM20CL-81

    178.00

    179.00

    1.00

    0.6

    Adrian

    179.85

    184.55

    4.70

    33.7 VG**

    Adrian

    including

    180.35

    182.50

    2.15

    60.7 VG**

    Adrian

    188.60

    189.10

    0.50

    0.6

    Adrian

    190.65

    192.65

    2.00

    0.5

    Adrian

    198.60

    201.00

    2.40

    0.7

    Adrian

    226.50

    229.50

    3.00

    0.6

    Adrian

    268.50

    270.00

    1.50

    1.5**

    Adrian

    309.00

    310.50

    1.50

    0.5

    Adrian

    312.00

    315.00

    3.00

    1.2**

    Adrian

    GWM20CL-82

    22.40

    23.10

    0.70

    1.8**

    Adrian

    31.80

    32.50

    0.70

    2.2**

    Adrian

    68.00

    69.00

    1.00

    1.0**

    Adrian

    72.65

    86.55

    13.90

    1.5**

    Adrian

    including

    73.65

    74.25

    0.60

    4.2**

    Adrian

    including

    78.70

    79.75

    1.05

    8.7**

    Adrian

    91.40

    92.20

    0.80

    0.4

    Adrian

    100.25

    103.85

    3.60

    0.5**

    Adrian

    112.85

    115.70

    2.85

    0.9**

    Adrian

    169.30

    171.25

    1.95

    0.5**

    Adrian

    180.00

    181.05

    1.05

    0.7**

    Adrian

    203.80

    204.45

    0.65

    1.7**

    Adrian

    238.15

    239.20

    1.05

    0.6

    Adrian

    311.05

    316.10

    5.05

    1.5**

    Adrian

    332.65

    333.20

    0.55

    0.7

    Adrian

    337.00

    339.00

    2.00

    0.6

    Adrian

    GWM21CL-89

    87.50

    88.50

    1.00

    3.8**

    Adrian

    118.50

    120.00

    1.50

    0.9

    Adrian

    138.00

    139.50

    1.50

    0.5

    Adrian

    179.00

    182.00

    3.00

    78.4**

    Adrian

    including

    181.00

    181.50

    0.50

    313**

    Adrian

    including

    181.50

    182.00

    0.50

    147**

    Adrian

    184.00

    185.00

    1.00

    0.7**

    Adrian

    190.00

    202.00

    12.00

    0.5

    Adrian

    207.50

    209.00

    1.50

    0.5

    Adrian

    227.00

    228.50

    1.50

    0.4

    Adrian

    240.50

    241.50

    1.00

    6.4

    Adrian

    251.50

    252.50

    1.00

    0.4

    Adrian

    256.00

    257.50

    1.50

    0.7

    Adrian

    266.00

    267.00

    1.00

    0.4

    Adrian

    285.00

    327.00

    42.00

    pending

    Adrian

    GWM21CL-90

    143.00

    145.50

    2.50

    1.2

    Adrian

    156.00

    157.50

    1.50

    0.7

    Adrian

    171.00

    172.50

    1.50

    0.4

    Adrian

    211.00

    213.00

    2.00

    0.5

    Adrian

    219.00

    220.50

    1.50

    0.5

    Adrian

    222.00

    224.00

    2.00

    0.9

    Adrian

    226.00

    227.00

    1.00

    0.5

    Adrian

    229.00

    230.00

    1.00

    0.4

    Adrian

    236.00

    237.00

    1.00

    0.6

    Adrian

    240.00

    242.00

    2.00

    1.0

    Adrian

    317.45

    318.40

    0.95

    8.8

    Adrian

    365.60

    367.00

    1.40

    1.4

    Adrian

    GWM21CL-91

    60.00

    61.50

    1.50

    0.5

    Adrian

    84.00

    85.00

    1.00

    0.5

    Adrian

    90.50

    111.50

    21.00

    0.7

    Adrian

    110.00

    111.50

    1.50

    2.1

    Adrian

    138.50

    140.00

    1.50

    0.6

    Adrian

    166.50

    167.00

    0.50

    0.8

    Adrian

    178.50

    179.00

    0.50

    2.2

    Adrian

    191.10

    191.60

    0.50

    0.6

    Adrian

    197.50

    198.00

    0.50

    0.5

    Adrian

    GWM21CL-93

    144.00

    148.50

    4.50

    0.6

    Adrian

    202.50

    204.00

    1.50

    0.4

    Adrian

    207.00

    226.00

    19.00

    0.5

    Adrian

    239.00

    254.20

    15.20

    0.8

    Adrian

    including

    246.00

    247.00

    1.00

    2.9

    Adrian

    GWM21CL-94

    155.00

    156.00

    1.00

    0.6

    Adrian

    158.00

    159.00

    1.00

    0.5

    Adrian

    167.00

    168.00

    1.00

    0.4

    Adrian

    170.00

    204.00

    34.00

    30.50

    1.2

    Adrian

    including

    178.00

    179.00

    1.00

    0.90

    16.0

    Adrian

    GWM20CL-96

    43.75

    44.60

    0.85

    0.4**

    Adrian

    53.00

    54.10

    1.10

    0.8**

    Adrian

    62.15

    63.65

    1.50

    0.5**

    Adrian

    135.00

    136.50

    1.50

    0.6

    Adrian

    146.00

    147.00

    1.00

    9.9**

    Adrian

    160.50

    162.00

    1.50

    0.5

    Adrian

    175.00

    184.00

    9.00

    0.9

    Adrian

    including

    175.00

    175.50

    0.50

    7.9

    Adrian

    190.15

    209.00

    18.85

    0.7**

    Adrian

    Including

    199.65

    200.20

    0.55

    8.5**

    Adrian

    217.35

    220.75

    3.40

    1.1**

    Adrian

    204.00

    204.50

    0.50

    1.1

    Adrian

    GWM21CL-98

    71.00

    72.00

    1.00

    5.2

    Adrian

    146.50

    154.50

    8.00

    0.5

    Adrian

    163.50

    168.50

    5.00

    1.3

    Adrian

    including

    163.50

    164.00

    0.50

    6.6

    Adrian

    180.00

    180.50

    0.50

    0.5

    Adrian

    182.00

    193.50

    11.50

    1.1

    Adrian

    including

    182.00

    183.50

    1.50

    3.8

    Adrian

    including

    193.00

    193.50

    0.50

    6.4

    Adrian

    201.00

    501.00

    300.00

    pending

    Adrian

    GWM21CL-101

    183.00

    184.00

    1.00

    0.6

    Adrian

    205.50

    206.00

    0.50

    6.5

    Adrian

    215.50

    217.00

    1.50

    0.8

    Adrian

    301.00

    302.00

    1.00

    0.5

    Adrian

    304.00

    309.50

    5.50

    1.0

    Adrian

    including

    304.00

    305.00

    1.00

    3.3

    Adrian

    347.00

    381.50

    34.50

    pending

    Adrian

    388.00

    401.00

    13.00

    pending

    Adrian

    GWM21CL-102

    46.50

    55.00

    8.50

    pending

    Adrian

    145.00

    169.00

    24.00

    1.0

    Adrian

    including

    145.00

    147.50

    2.50

    3.6

    Adrian

    including

    151.00

    152.50

    1.50

    5.3

    Adrian

    227.50

    229.00

    1.50

    0.6

    Adrian

    GWM21CL-103

    131.30

    132.00

    0.70

    0.8

    Adrian

    321.00

    327.00

    6.00

    2.4

    Adrian

    400.00

    425.00

    25.00

    5.7**

    Adrian

    including

    408.05

    414.00

    5.95

    20.5**

    Adrian

    GWM21CL-105

    169.50

    173.00

    3.50

    6.5

    Adrian

    including

    170.50

    171.00

    0.50

    14.8

    Adrian

    181.00

    185.00

    4.00

    0.5

    Adrian

    195.50

    199.50

    4.00

    2.8

    Adrian

    including

    196.00

    197.00

    1.00

    12.8

    Adrian

    210.50

    222.00

    11.50

    0.5

    Adrian

    GWM21CL-107

    146.00

    164.00

    18.00

    0.2

    Adrian

    214.00

    214.50

    0.50

    1.6

    Adrian

    295.00

    295.50

    0.50

    0.5

    Adrian

    300.00

    307.00

    7.00

    3.4

    Adrian

    including

    304.00

    305.00

    1.00

    12.3

    Adrian

    GWM21CL-109

    21.00

    22.50

    1.50

    0.4

    162.00

    163.50

    1.50

    0.7

    179.00

    189.00

    10.00

    8.70

    1.7**

    including

    187.00

    188.00

    1.00

    0.90

    8.0**

    196.00

    197.00

    1.00

    1.5**

    200.00

    543.00

    343.00

    pending

    649.50

    660.70

    11.20

    pending

    GWM21CL-112

    12.00

    21.50

    9.50

    pending

    Adrian

    30.00

    99.00

    69.00

    pending

    Adrian

    109.00

    109.70

    0.70

    1.2

    Adrian

    153.00

    163.00

    10.00

    1.6**

    Adrian

    including

    153.00

    154.00

    1.00

    5.3**

    Adrian

    including

    158.00

    159.00

    1.00

    5.5**

    Adrian

    199.50

    201.00

    1.50

    0.6

    Adrian

    222.00

    223.50

    1.50

    3.7

    Adrian

    241.50

    259.50

    18.00

    pending

    Adrian

    298.00

    308.00

    10.00

    0.8**

    Adrian

    including

    306.50

    307.30

    0.80

    3.4**

    Adrian

    321.00

    366.00

    45.00

    pending

    Adrian

    382.50

    397.00

    14.50

    pending

    Adrian

    408.00

    418.00

    10.00

    pending

    Adrian

    GWM21CL-116

    123.00

    126.00

    3.00

    0.4

    Adrian

    126.00

    130.00

    4.00

    pending

    Adrian

    159.00

    159.50

    0.50

    2.0

    Adrian

    179.50

    180.60

    1.10

    0.9

    Adrian

    191.00

    194.00

    3.00

    1.3

    Adrian

    including

    191.00

    192.00

    1.00

    3.5

    Adrian

    217.50

    218.00

    0.50

    0.5

    Adrian

    237.00

    240.00

    3.00

    1.8

    Adrian

    including

    237.00

    237.50

    0.50

    7.0

    Adrian

    261.00

    262.50

    1.50

    2.3

    Adrian

    297.50

    299.00

    1.50

    0.9

    Adrian

    304.50

    306.50

    2.0

    12.9**

    Adrian

    including

    305.00

    305.50

    0.50

    48.2**

    Adrian

    309.50

    310.10

    0.60

    0.7

    Adrian

    315.00

    316.50

    1.50

    0.5

    Adrian

    GWM21CL-117

    84.00

    103.50

    19.50

    5.40

    1.3

    GMZ

    including

    94.50

    95.50

    1.00

    0.30

    9.5

    GMZ

    including

    90.50

    91.50

    1.00

    0.30

    3.3

    GMZ

    including

    100.50

    101.00

    0.50

    0.10

    3.6

    GMZ

    107.30

    108.30

    1.00

    0.4

    GMZ

    111.30

    117.00

    5.70

    1.60

    0.6

    GMZ

    145.80

    146.50

    0.70

    1.0

    GMZ

    200.50

    304.50

    104.00

    pending

    Adrian

    309.00

    310.50

    1.50

    0.5

    Adrian

    312.00

    318.00

    6.00

    pending

    Adrian

    GWM21CL-118

    11.00

    207.00

    196.00

    pending

    Adrian

    270.00

    327.10

    57.10

    pending

    Adrian

    328.50

    330.00

    1.50

    1.5

    Adrian

    331.50

    333.00

    1.50

    0.6

    Adrian

    351.00

    352.00

    1.00

    0.5

    Adrian

    363.00

    364.00

    1.00

    12.9

    Adrian

    373.50

    375.00

    1.50

    0.5

    Adrian

    375.00

    381.00

    6.00

    pending

    Adrian

    GWM21CL-119

    46.00

    104.50

    58.50

    pending

    GMZ

    118.90

    120.00

    1.10

    0.5

    GMZ

    122.00

    123.20

    1.20

    0.5

    GMZ

    123.20

    187.00

    63.80

    pending

    GMZ

    198.40

    220.00

    21.60

    20.60

    0.7**

    GMZ

    220.00

    400.00

    180.00

    pending

    GMZ

    GWM21CL-120

    61.60

    102.00

    40.40

    pending

    GMZ

    108.00

    142.00

    34.00

    pending

    GMZ

    145.00

    162.00

    17.00

    10.50

    3.9

    GMZ

    including

    143.50

    144.00

    0.50

    0.30

    0.6

    GMZ

    including

    145.00

    145.50

    0.50

    0.30

    91.2

    GMZ

    145.00

    151.00

    6.00

    10.2**

    GMZ

    172.00

    180.00

    8.00

    pending

    Adrian

    188.00

    189.00

    1.00

    0.5

    Adrian

    199.00

    251.50

    52.50

    41.90

    0.9

    Adrian

    including

    204.00

    207.00

    3.00

    2.40

    4.0

    Adrian

    including

    215.00

    216.00

    1.00

    0.80

    4.3

    Adrian

    including

    251.00

    251.50

    0.50

    0.40

    7.6

    Adrian

    280.00

    281.00

    1.00

    0.8

    Adrian

    309.00

    310.00

    1.00

    0.4

    Adrian

    314.00

    315.00

    1.00

    3.3

    Adrian

    366.50

    385.00

    18.50

    pending

    Adrian

    394.50

    413.00

    18.50

    pending

    Adrian

    413.00

    419.25

    6.25

    0.6

    Adrian

    419.25

    423.50

    4.25

    pending

    Adrian

    423.50

    429.00

    5.50

    0.5

    Adrian

    GWM21CL-121

    154.50

    158.00

    3.50

    1.40

    1.6

    GMZ

    including

    155.50

    156.00

    0.50

    4.5

    GMZ

    162.00

    181.00

    19.00

    pending

    GMZ

    189.00

    198.50

    9.50

    pending

    GMZ

    201.00

    211.20

    10.20

    4.10

    1.6

    GMZ

    213.20

    214.30

    1.10

    0.7

    GMZ

    229.50

    230.50

    1.00

    1.7

    GMZ

    266.50

    269.00

    2.50

    1.7

    GMZ

    including

    267.50

    268.00

    0.50

    6.0

    GMZ

    275.75

    477.00

    201.25

    pending

    GMZ

    GWM21CL-122

    56.00

    96.00

    40.00

    pending

    Adrian

    137.00

    196.50

    59.50

    pending

    Adrian

    219.00

    263.00

    44.00

    pending

    Adrian

    263.00

    318.50

    55.50

    36.60

    5.8

    Adrian

    including

    310.00

    310.50

    0.50

    0.30

    151.0**

    Adrian

    including

    314.00

    314.55

    0.55

    0.40

    144.0**

    Adrian

    303.75

    308.00

    4.25

    pending

    Adrian

    340.00

    340.50

    0.50

    34.0

    Adrian

    412.50

    441.00

    28.50

    pending

    Adrian

    GWM21CL-123

    62.00

    148.00

    86.00

    pending

    GMZ

    151.25

    155.50

    4.25

    2.10

    11.2

    GMZ

    including

    151.25

    151.75

    0.5

    0.2

    77.7

    GMZ

    155.50

    180.00

    24.50

    pending

    GMZ

    183.00

    185.00

    2.00

    2.8

    GMZ

    185.00

    426.50

    241.50

    pending

    GMZ

    GWM21CL-125

    57.00

    226.00

    169.00

    pending

    Adrian

    226.00

    245.00

    19.00

    14.50

    0.6

    Adrian

    244.00

    245.00

    1.00

    0.80

    2.0

    Adrian

    250.00

    373.00

    123.00

    pending

    Adrian

    GWM21CL-126

    56.00

    193.00

    137.00

    pending

    Adrian

    197.00

    234.30

    37.30

    28.80

    1.1

    Adrian

    including

    208.00

    209.00

    1.00

    8.00

    3.4

    Adrian

    including

    213.00

    214.00

    1.00

    0.80

    3.6

    Adrian

    including

    222.00

    223.00

    1.00

    0.80

    3.2

    Adrian

    239.50

    330.00

    90.50

    pending

    Adrian

    GWM21CL-130

    25.00

    195.00

    170.00

    pending

    GMZ

    198.00

    201.00

    3.00

    0.9

    GMZ

    202.00

    324.00

    122.00

    pending

    GMZ

    GWM21CL-134

    154.00

    155.00

    1.00

    0.5

    GMZ

    160.00

    162.00

    2.00

    1.0

    GMZ

    187.00

    188.00

    1.00

    2.2

    GMZ

    195.00

    199.70

    4.70

    2.10

    5.5

    GMZ

    including

    198.50

    199.00

    0.50

    0.20

    23.8

    GMZ

    including

    199.00

    199.70

    0.70

    0.30

    16.5

    GMZ

    212.15

    213.00

    0.85

    0.6

    GMZ

    221.00

    222.00

    1.00

    1.1

    GMZ

    231.50

    240.00

    8.50

    0.7

    GMZ

    249.00

    252.50

    3.50

    0.6

    Adrian

    257.00

    258.00

    1.00

    1.0

    Adrian

    GWM21CL-136

    109.00

    126.50

    17.50

    11.40

    8.1

    GMZ

    including

    121.50

    122.00

    0.50

    0.30

    89.2

    GMZ

    including

    122.00

    122.65

    0.65

    0.40

    88.8

    GMZ

    130.50

    131.50

    1.00

    0.7

    GMZ

    165.00

    166.85

    1.85

    0.5

    GMZ

    229.00

    242.00

    13.00

    9.90

    1.0

    Adrian

    including

    241.00

    242.00

    1.00

    0.80

    7.1

    Adrian

    251.70

    253.00

    1.30

    1.0

    Adrian

    259.00

    260.00

    1.00

    0.6

    Adrian

    263.30

    274.00

    10.70

    8.20

    2.2

    Adrian

    including

    263.30

    263.80

    0.50

    0.40

    16.9

    Adrian

    including

    264.65

    265.15

    0.50

    0.40

    20.4

    Adrian

    284.00

    285.00

    1.00

    0.9

    Adrian

    306.00

    312.65

    6.65

    0.7

    Adrian

    324.00

    325.00

    1.00

    0.7

    Adrian

    GWM21CL-139

    42.00

    154.50

    112.50

    pending

    GMZ

    167.00

    175.50

    8.50

    3.90

    1.0

    GMZ

    including

    170.00

    171.50

    1.50

    0.70

    2.7

    GMZ

    186.50

    230.50

    44.00

    pending

    Adrian

    252.00

    252.50

    0.50

    0.5

    Adrian

    254.00

    255.00

    1.00

    97.7

    Adrian

    including

    254.00

    254.50

    0.50

    193.0

    Adrian

    267.50

    274.50

    7.00

    2.0

    Adrian

    including

    267.50

    268.00

    0.50

    17.9

    Adrian

    279.50

    375.00

    95.50

    pending

    Adrian

    ** previously released; VG = visible gold. 0.42 g/t Au was used for the bottom cut-off; True widths are unknown if not noted.

    New Brunswick Junior Mining Assistance Program

    Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which partially funded drilling of the GMZ, Jubilee, and Richard Zones.

    Geology and Mineralization

    The discovery of the Richard Zone in hole 12 contains elevated levels of bismuth, arsenopyrite, and antimony, in multiple quartz veins, with tungsten in the vicinity. This is similar to other Clarence Stream deposits, which can be characterized as intrusion-related quartz-vein hosted gold deposits. The Richard Zone contains multiple zones of quartz veining with sulfides and sericite alteration. In general, mineralization at Clarence Stream consists of 10-70% quartz stockworks and veins with 1-5% fine pyrite plus pyrrhotite plus arsenopyrite plus stibnite in sericite altered sediments. The Jubilee mineralization consists of 2%-5% disseminated pyrite, sphalerite, galena, arsenopyrite, chalcopyrite, and pyrrhotite in sediments with white to smoky grey quartz veining. Locally there is up to 10% sphalerite and semi-massive galena veinlets. The 2.5 km trend that hosts the GMZ, Richard and Jubilee Zones contains a mineralized mafic intrusive locally - similar to the South Zone, which currently hosts most of the property's last reported gold resources (September 2017). A more complete description of Clarence Stream's geology and mineralization can be found at www.galwaymetalsinc.com.

    Review by Qualified Person, Quality Control and Reports

    Michael Sutton, P.Geo., Director and VP of Exploration for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, located at 41 Bittern Street, Ancaster, Ontario, Canada, Agat Laboratories, located at 5623 McAdam Road, Mississauga Ontario, Canada L4Z 1N9 and 35 General Aviation Road, Timmins, ON P4P 7C3, and/or Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

    Table 2: Drill Hole Coordinates

    Hole ID

    Azimuth

    Dip

    Easting

    Northing

    Depth

    GWM20CL-40

    122

    -48

    654391

    5022582

    204

    GWM20CL-48

    339

    -45

    5023060

    654230

    339

    GWM20CL-52

    345

    -75

    654368

    5022562

    393

    GWM20CL-81

    85

    -70

    654366

    5022822

    408

    GWM20CL-82

    85

    -70

    654363

    5022871

    381

    GWM21CL-89

    120

    -67

    654359

    5022870

    242

    GWM21CL-90

    326

    -47

    654482

    5022649

    369

    GWM21CL-91

    100

    -70

    654359

    5022870

    240

    GWM21CL-93

    317

    -55

    654482

    5022649

    396

    GWM21CL-94

    315

    -65

    654482

    5022649

    369

    GWM20CL-96

    95

    -45

    653896

    5022081

    492

    GWM21CL-98

    316

    -66

    654553

    5022834

    201

    GWM21CL-101

    108

    -60

    654359

    5022870

    347

    GWM21CL-102

    73

    -78

    654362

    5022829

    240

    GWM21CL-103

    310

    -45

    654657

    5022676

    465

    GWM21CL-105

    66

    -78

    654366

    5022802

    309

    GWM21CL-107

    78

    -83.5

    654422

    5022812

    330

    GWM21CL-109

    310

    -60

    654657

    5022676

    680

    GWM21CL-112

    80

    -81

    654435

    5022828

    288

    GWM21CL-116

    80

    -80

    654396

    5022852

    321

    GWM21CL-117

    310

    -75

    654656

    5022676

    318

    GWM21CL-118

    60

    -81

    654371

    5022783

    381

    GWM21CL-119

    305

    -59

    654604

    5022607

    400

    GWM21CL-120

    312

    -56

    654564

    5022510

    429

    GWM21CL-121

    312

    -67

    654564

    5022510

    477

    GWM21CL-122

    312

    -45

    654564

    5022510

    441

    GWM21CL-123

    310

    -61

    5022476

    654546

    427

    GWM21CL-125

    310

    -50

    654546

    5022477

    373

    GWM21CL-126

    313

    -51

    654583

    5022546

    330

    GWM21CL-130

    317

    -62

    654583

    5022547

    324

    GWM21CL-134

    315

    -71

    654583

    5022546

    327

    GWM21CL-136

    310

    -53

    654648

    5022613

    369

    GWM21CL-139

    296

    -62.5

    654645

    5022627

    375

    For results of all holes that Galway has drilled at Clarence Stream, go to Galway's website at www.galwaymetalsinc.com.

    Figure 1: Plan Map of the Adrian, GMZ, Richard and Jubilee Zones

    Figure 2: Plan Map of the Adrian and GMZ Zones

    Figure 3: GMZ and Adrian Cross Section

    About the Company

    Galway Metals is well capitalized with two projects in Canada: Clarence Stream, an emerging gold district in New Brunswick, and Estrades, the former producing, high-grade, gold-rich VMS polymetallic mine in Quebec. The Company began trading on January 4, 2013, after its successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.

    Should you have any questions and for further information, please contact (toll free):

    Galway Metals Inc.
    Robert Hinchcliffe
    President & Chief Executive Officer
    1-800-771-0680
    Website: www.galwaymetalsinc.com
    Email: info@galwaymetalsinc.com
    Look us up on Facebook, Twitter or LinkedIn

    CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements made herein with respect to, among other things, the Company's objectives, goals or future plans, potential corporate and/or property acquisitions, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company's public disclosure documents filed on SEDAR. Although the Company believes that management's assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the Company will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management's expectations, financing will be available to the Company on favourable terms when required, commodity prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the outcome of legal proceedings, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

    SOURCE: Galway Metals Inc.



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    Galway Metals Adrian and GMZ Gaps Return 5.8 g/t Au over 55.5m, and 8.1 g/t Au over 17.5m TORONTO, ON / ACCESSWIRE / December 7, 2021 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company …