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     129  0 Kommentare Galway Metals Intersects 19.5 g/t Gold over 4.2m, Second Drill to Expand South Deposit Resource

    TORONTO, ON / ACCESSWIRE / June 18, 2024 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report results from its diamond drilling program at the Southwest Deposit in the Company's 100%-owned flagship Clarence …

    TORONTO, ON / ACCESSWIRE / June 18, 2024 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report results from its diamond drilling program at the Southwest Deposit in the Company's 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project has district-scale potential with approximately 65-kilometre strike length of highly prospective gold showings and anomalies.

    "We have continued to prove strong gold continuity throughout the Southwest Deposit, inside the resource pit and outside of the current mineral resource" states Rob Hinchcliffe, President and CEO of Galway. He adds "The rig is currently on its fourth hole on the eastern side of the #2 Target area, which is one of our top exploration targets and the second rig will be utilized to expand the high-grade starter pit within the South Deposit. Having two drill rigs will give Galway the flexibility to expand existing zones, while continuing to drill high-priority targets to make new discoveries".

    Highlights (see Figure 1)

    • CL-179 intersected 19.5 g/t gold over 4.2 metres including 45.9 g/t gold over 1.2 metres
    • CL-190 intersected 2.7 g/t gold over 4.5 metres including 13.8 g/t gold over 0.5 metres
    • CL-186 intersected 1.4 g/t gold over 12.9 metres
    • Nine additional follow-up drill holes are pending assays for this area

    Drill Results Confirm Gold Continuity

    The drill holes in this release are located within the Southwest Deposit The holes were testing gap areas within the resource pit shells on the NE area of the Southwest Deposit (Adrian Zone). Results prove mineralization extends near surface, which will improve the future economics of the open pit. Hole CL-190 intersected several shallow new zones outside of the resource pit shells and will open the potential to expand the Southwest Deposit to the North and East. The intercepts highlighted within this press release (Assay Table and Coordinate Table) are all outside the area that was included in the 2022 Mineral Resource estimate (2022 Clarence Stream Resource Estimate)

    Mobilize Second Drill to Expand High-Grade Mineralization at South Deposit

    The South Deposit is Galways highest-grade resource with an Indicated Resource of 332,000 oz Au at 2.99 g/t and an Inferred Resource of 325,000 oz Au at 4.03 g/t. Galway is mobilizing a second drill rig to target shallow high-grade mineralization in the likely starter pits at the South Deposit. The areas planned for expansion of high-grade mineralization is shown in Figure 2.

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    Galway Metals Intersects 19.5 g/t Gold over 4.2m, Second Drill to Expand South Deposit Resource TORONTO, ON / ACCESSWIRE / June 18, 2024 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report results from its diamond drilling program at the Southwest Deposit in the Company's 100%-owned flagship Clarence …

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