Galway Metals Clarence Stream Resource Update Indicated: 922,000 oz at 2.31 g/t Au, up 136% Inferred: 1,334,000 oz at 2.60 g/t Au, up 382% Open Pit Constrained Gold Resource Indicated: 886,000 Ounces at 2.27 g/t Au (in 12.1M tonnes)
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Galway Metals Clarence Stream Resource Update
Indicated: 922,000 oz at 2.31 g/t Au, up 136%
Inferred: 1,334,000 oz at 2.60 g/t Au, up 382%
Open Pit Constrained Gold Resource
Indicated: 886,000 Ounces at 2.27 g/t Au (in 12.1M tonnes)
Inferred: 731,000 Ounces at 1.93 g/t Au (in 11.8M tonnes)
Additional Underground Gold Resource
Indicated: 36,000 Ounces at 4.10 g/t Au (in 0.3M tonnes)
Inferred: 603,000 Ounces at 4.50 g/t Au (in 4.2M tonnes)
(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 t he
resource update are open for significant expansion. Today’s announcement simply represents a snapshot in time.
“We are very pleased to have taken a major step forward at Clarence Stream. The Indicated and Inferred open pit estimates of
886,000 ounces at 2.27 g/t Au plus 731,000 ounces at 1.93 g/t Au, respectively, is a great start. These resource grades we are
reporting compare very favourably to most other pit-constrained resources in the industry. The next step will be the planning
of a preliminary economic assessment. Looking forward, the focus of our drilling program is to continue to expand the existing
zones that are all open, to follow-up on 3 previously-made discoveries that weren’t included in the resource and to make more
discoveries to further enhance this new gold district,” said Robert Hinchcliffe, President and CEO of Galway Metals. “Galway
recognizes the importance that New Brunswickers and First Nations place on natural resources and the environment, and we
are committed to advancing the Clarence Stream Project in a manner that respects these values. As the project evolves, we are
looking forward to engaging our neighbours and First Nations.”
Table 1: Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting
(Canada) Ltd., March 31, 2022
Mine Type
Deposit
Category
Tonnes
(000)
Grade Resource
g/t Au ppm Sb oz Au tonnes Sb
Open Pits
North Indicated
Inferred
1,171
1,731 2.28
2.51
4,782
491
86,000
140,000
5,601
850
South Indicated
Inferred
3,190
594 2.89
3.45
1,205
376
296,000
66,000
3,844
223
Southwest Indicated
Inferred
7,761
9,471 2.02
1.73
-
-
504,000
525,000
-
-
Sub Totals Indicated
Inferred
12,123
11,796 2.27
1.93
-
-
886,000
731,000
9,445
1,073
Underground
South Indicated
Inferred
274
1,917 4.10
4.21
587
559
36,000
260,000
161
1,072
Southwest Inferred 2,250 4.75 - 343,000 -
Sub Totals Indicated
Inferred
274
4,168 4.10
4.50
587
-
36,000
603,000
161
1,072
Open Pits &
Underground Totals Indicated
Inferred
12,396
15,963 2.31
2.60
-
-
922,000
1,334,000
9,605
2,145
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Notes for the Clarence Stream Resource
1. CIM (2014) definitions were followed for Mineral Resources.
2. Mineral Resources are reported at cut -off grades of 0.38 g/t Au and 2.00 g/t Au for open pit and underground,
respectively.
3. Mineral Resources are estimated using long- term gold price of US$1,650/oz, a long term antimony price of
US$10,000/t and a US$/C$ exchange rate of 1.33.
4. A minimum mining width of 1.5m was used.
5. Bulk density is 2.83 t/m3 for North Zone mineralization, 2.90 t/m3 for South Zone mineralization, and 2.73 t/m3 for
SW Deposit mineralization.
6. There are no Mineral Reserves at Clarence Stream.
7. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
8. Open pit Mineral Resources are reported within conceptual open pits.
9. Underground Mineral Resources are reported within three-dimensional shapes outlining volumes of continuous blocks
which satisfy the cut-off grade and minimum width criteria.
10. Numbers may not add up due to rounding.
“We believe that this resource can be significantly expanded and are optimistic about the potential for additional discoveries
to further enhance this new gold district. Resources at Clarence Stream are contained within 8.0-km of Galway’s 65-km strike
length. There are many additional strong targets identified that exhibit coincident highly anomalous glacial tills, soils, boulders
and chip samples, along magnetic lows. Galway used these pathfinders to make all 6 of its discoveries to date; we do not see
any reason that, given the large number other similar, and oftentimes stronger pathfinders at Clarence Stream, that other
important discoveries won’t be made in the future. Besides any results coming from this exploration, upcoming catalysts would
also include metallurgical and ore sorting tests,” cites Mike Sutton, Vice President, Exploration of Galway Metals.
Table 2: Clarence Stream’s 2022 Resource is Significantly Larger at Higher Grades
Ounces Au Grade, g/t Au
Category 2022 2017 Change 2022 2017 Change
Total M&I 922,000 390,000 136% 2.31 1.96 18%
Total Inferred 1,334,000 277,000 382% 2.60 2.53 3%
Open Pit M&I 886,000 352,000 152% 2.27 1.85 23%
Open Pit Inferred 731,000 153,000 378% 1.93 1.87 3%
Underground M&I 36,000 37,800 -5% 4.10 4.39 -7%
Underground Inferred 603,000 124,100 386% 4.50 4.48 0%
South Zone M&I 333,000 287,000 16% 2.99 1.96 52%
South Zone Inferred 325,000 154,000 111% 4.03 3.05 32%
North Zone M&I 86,000 103,000 -17% 2.28 1.98 15%
North Zone Inferred 140,000 123,000 14% 2.51 2.09 20%
New SW Deposit M&I 504,000 - - 2.02 - -
New SW Deposit Inferred 869,000 - - 2.31 - -
For complete details of the previous resource update, refer to: “NI 43-101 Technical Report on Resources, Clarence Stream
Gold Project, Charlotte County, New Brunswick, Canada” with an effective date of August 21, 2017, which is available on the
Company’s SEDAR profile at www.sedar.com.
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Table 3: Clarence Stream’s 2022 South Zone, North Zone and SW Deposit
Tonnes Grade Resource
Deposit Category (000) g/t Au ppm Sb oz Au tonnes Sb
South Indicated 3,464 2.99 1,156 333,000 4,005
Inferred 2,511 4.03 516 325,000 1,295
North Indicated 1,171 2.28 4,782 86,000 5,601
Inferred 1,731 2.51 491 140,000 850
SW Deposit Indicated 7,761 2.02 - 504,000 -
Inferred 11,722 2.31 - 869,000 -
Total Indicated 12,396 2.31 - 922,000 9,605
Inferred 15,964 2.60 - 1,334,000 2,145
Estrades hosts a high-grade resource that Galway quadrupled since acquisition
In addition to Clarence Stream, Galway also has 100% ownership interest in the former producing, high- grade Estrades
volcanogenic massive sulphide (VMS) in the northern Abitibi of western Quebec, Canada. An NI 43-101 Technical Report on
the “Mineral Resource Estimate for the Estrades Project, Northwestern Quebec, Canada” dated November 5, 2018, with an
amended date of March 15, 2019, was prepared by Roscoe Postle Associates (RPA) and summarized on Table 4.
Table 4: Mineral Resource Summary, Estrades Project, November 5, 2018 and Amended March 15, 2019
Categories Tonnes AuEq ZnEq Au Ag Zn Cu Pb
(000) (g/t) (%) (g/t) (g/t) (%) (%) (%)
Indicated 1,497 11.3 20.8 3.55 122.9 7.20 1.06 0.60
Inferred 2,199 7.4 13.5 1.93 72.9 4.72 1.01 0.29
AuEq ZnEq Au Ag Zn Cu Pb
(000 oz) (mm lb) (000 oz) (000 oz) (mm lb) (mm lb) (mm lb)
Indicated 543.1 684.7 170.9 5,912.8 237.6 35.0 19.8
Inferred 520.4 656.2 136.5 5,152.0 228.8 49.0 14.1
Full details of the Estrades Mineral Resource are available on the Company’s website at www.galwaymetalsinc.com or SEDAR
profile at www.sedar.com.
Table 5: Taken Together, Galway Has Significant High-Grade Resources at Clarence Stream and Estrades
Galway Totals AuEq ZnEq Au Ag Zn Cu Pb Sb
(000 oz) (mm lb) (000 oz) (000 oz) (mm lb) (mm lb) (mm lb) (mm lb)
Indicated 1,523 685 1,093 5,913 237.6 35.0 19.8 21.2
Inferred 1,867 656 1,470 5,152 228.8 49.0 14.1 4.7
Metal prices used for equivalencies for the Clarence Stream Mineral Resource Estimate are US$1,650/oz Au and
US$10,000/tonne Sb. Metal prices used for the Estrades Mineral Resource Estimate were US$1,450/oz Au, US$21.00/oz Ag,
US$1.15/lb Zn, US$3.50/lb Cu and US$1.00/lb Pb. Clarence Stream’s Au and Sb are not incorporated in ZnEq; rather, Estrades
resources only are in ZnEq.
Clarence Stream’s Gold Resource Increase was Driven Mostly by Discoveries at the SW Deposit
The significant increases of gold resources at Clarence Stream was driven principally by Galway’s discovery of the Adrian,
George Murphy (GMZ) and Richard Zones (Figure 1). Extensive drilling has resulted in the Adrian Zone linking to the GMZ,
which links to the Richard Zone, which links to the previously- known Jubilee Zone. These zones now combine for a 3.1km
trend of mineralization, which remains open with multiple high-priority targets that Galway plans on following up. These 4
zones are now referred to collectively as the SW Deposit. Also contributing to the resource increase was a lowering of cut-
off grades for open pit constrained and underground resources to 0.38 g/t and 2.00 g/t, respectively, from 0.42 g/t and 2.55 g/t
previously. These declines in the cut -off grades were driven mostly by an increase in the gold price applied to the resource
estimates to $1,650/oz from $1,350/oz. Tighter wireframes around mineralization plus several other small parameter changes
also contributed to the resource increase. Figure 2 and Figure 3 provide 3D images of the South and North Zones, respectively.
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
The New Updated Resource Does Not Include Several Previously-Made Discoveries
The sections below are provided to demonstrate the significant upside Galway envisions at Clarence Stream. They cover both,
previous discovery areas that are not included in the resource, and other targets that have yet to be drilled. The previous
discoveries represent high-priority targets outside the resource areas where Galway is planning follow-up drilling in its 150,000-
metre program, utilizing 6 drill rigs through 2023. Galway’s aim is to expand on these discoveries such that they become
significant new deposits. These previous discoveries to be followed up on include the following:
• Richard Zone mineralization was recently extended 340m north at the east end of Richard with previously- released
hole BL-213 (Figure 4). This hole intersected 1.1 g/t Au over 8.35m, plus 0.8 g/t Au over 4.15m, plus 2.0 g/t Au over
1.15m (March 30, 2022). These gold-bearing quartz veins could be the western extension of the Adrian Zone, located
970m to the NE. If this is correct, it would parallel the George Murphy Zone located immediately to the south; the
Adrian Zone has consistently been expanding in the NE direction, and could expand toward this Richard North
discovery to the SW as well.
• T he Richard North veins could also line up with another previously-reported discovery located 900m to the NNE
where hole CL-72 intersected 4.8 g/t Au over 3.1m at a vertical depth of 95m, and was followed up with hole CL-111,
which hosted 5 separate veins, the best of which intersected 4.1 g/t Au over 10.25m at a vertical depth of 16.5m (true
widths for both of these intersects are unknown) (July 26, 2021). Importantly, this NNE trend that may connec t the
Richard North veins to the recent discovery follows the east edge of a buried (in this area) intrusion – the same intrusion
that the SW Deposit follows along its southern edge . The intersects along this NNE trend were drilled in part to test
gold-in-soil anomalies that follow the NNE trending edge of the intrusion.
• This discovery area highlighted by holes CL- 72 and CL-111 is also located 680m WNW, up-dip from a 385m
deep, previously-reported intersect in the Adrian Zone, and may also link to it. The discovery appears to dip gently
to the east , draping the interpreted shallow east dip of the buried intrusion toward Adrian where Galway reported
70.3 g/t Au over 1.5m, including 104.2 g/t Au over 1.0m, plus 7.2 g/t Au over 1.5m in hole CL-51 (March 30, 2021).
The 4.1 g/t Au over 10.25m intersect in the new discovery appears to trend right toward this deeper high-grade intersect
in the Adrian Zone. The deep intersects in hole CL-51 are not included in the resource as they are located too far from
the other Adrian holes. These two veins are also near the interpreted location of the Sawyer Brook Fault, which is the
main conduit for gold mineralization at Clarence Stream.
• The description above represents the potential to link these three zones: Richard to Adrian, Richard to the
discovery to the NNE, and the discovery to Adrian. This effectively makes a large triangle with potential to host
significant gold mineralization – all outside the current resource areas but in close proximity to them.
• A different previously-released discovery returned 186.5 g/t Au over 0.6m from a 35 cm quartz vein that contains very
fine sulphides, including arsenopyrite (June 24, 2020). Another similar vein located 13m further downhole returned 2.2
g/t Au over 0.7m. This discovery appears to be located along the same NE-SW trend as the SW Deposit, which begins
950m to the NE and extends 3.1km and remains open. The 186.5 g/t Au over 0.6m discovery is midway between the
SW Deposit and a strong 4km+ long soil anomaly that hosts 11 soils that returned between 100 and 681 ppb Au,
beginning 1km along strike and along the same magnetic low trend to the SW. Gold in these soils are far stronger than
the gold in soils in the SW Deposit, and in the other recent discoveries discussed above. All the known zones at Clarence
Stream are located along magnetic lows; they are interpreted as faults and thought to represent structural conduits for
gold-bearing fluids.
• Another previously-released discovery Galway plans on following up on is called Oak Bay. The South Zone is located
19 km to the east of Oak Bay. The zone at Oak Bay has been drill-delineated with strong consistent intersections over
110m of strike length ( horizontal distance ). The zone is open in every direction. The first hole, OB -01,
intersected 6.0 g/t Au over 3.3m , including 9.3 g/t Au over 1.1m , starting at a vertical depth of 13.8m (October 27,
2021). Other holes include 5.2 g/t Au over 2.5m, including 11.8 g/t Au over 0.5, 3.5 g/t Au over 4.2m, including 8.6 g/t
Au over 0.6m, 2.3 g/t Au over 6.65m, including 6.7 g/t Au over 0.6m, and 1.9 g/t Au over 5.5m, including 8.1 g/t Au
over 0.5 – all at shallow depths.
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Other previously-drilled targets outside the resource that Galway plans on following up on include the following:
• An intersection of 0.6 g/t Au over 41.0m (CL-166), which would widen and extend the GMZ resource east
• An intersection of 2.0 g/t Au over 14.0m (CL-164), which would widen and extend the GMZ resource east
• An intersection of 9.4 g/t Au over 0.5m with visible gold (VG) (CL-75) (January 6, 2021 ) located 206m from the
eastern-most intersection in the GMZ resource
• An intersection 5.5 g/t Au over 5.65m at -392m (BL-177), which appears to be a new deep zone, or it could be the
same zone as intersected 400m to the east in hole BL -130 (18.5 g/t Au over 0.65m within 1.3 g/t Au over 25.0m) at
depth in the Richard Zone (March 30, 2022)
The Top 5 Exploration Targets that Haven’t Been Drilled, but Galway Plans to Target Them, Include the Following:
Besides drilling to expand the existing zones, and the new discoveries that are not part of updated resource, a number of high
priority targets have yet to be drilled at Clarence Stream that exhibit better evidence for gold deposit discoveries than the
evidence that existed prior to any of the discoveries Galway has made to date.
• One target is the 4km + of very high grade soils that are on strike approximately 2km to the SW of the SW Deposit.
This 4km+ long soil anomaly, which hosts 11 soils that returned between 100 and 681 ppb Au, is located along a very
strong linear magnetic low. All the known zones are located along magnetic lows, and they are thought to represent
structural conduits for gold-bearing fluids.
A target is located parallel to and south of the SW Zone. This 12km+ long soil anomaly that hosts 12 soils that returned
between 100 and 1030 ppb Au is located along a very strong linear magnetic low, with 7 anomalous boulders that range
up to 16.3 g/t Au and 7.5 g/t Au with gabbro as host – similar to the South Zone , plus with the second highest till
anomaly on the entire property (95 ppb).
• A target within and on the contacts of a multi-phase gabbro complex that likely is the source of gabbro dykes that host
mineralization at the South Zone and at Oak Bay (19 km apart) with the gabbro complex in between; soils run as high
as 4980, 3210, and 3120 ppb – the 3 highest on the property, plus with the third highest till anomaly on the entire
property (86 ppb) (Figure 5).
• A target located along a very strong 9 km+ linear magnetic low, with 4 strong till anomalies, a 1 km long soil anomaly
located parallel to and NW of the SW Deposit.
• Multiple targets located north of the felsic intrusive that is related to the SW Deposit ; multiple linear magnetic lows
and the Sawyer Brook fault (the main ac cretionary structure on the property that controls most mineralization) are
located there.
Drill Result Highlights
Highlights of the last remaining results of the holes drilled that are included in the resource but were not previously
reported are provided below.
Richard
• Hole BL-164: 2.6 g/t Au over 18.5m, including 6.2 g/t Au over 0.7m, 10.4 g/t Au over 0.75m, and 23.1 g/t Au over
1.0m, plus 3.8 g/t Au over 1.5m, starting at vertical depths of 143m, and 97m respectively
• Hole BL-132: 1.1 g/t Au over 6.0 m, plus 2.3 g/t Au over 0.75 m, s tarting at vertical depths of 214 m, and 112 m
respectively
• Hole BL-116: 1.2 g/t Au over 21.15m, including 9.1 g/t Au over 0.65m, 3.5 g/t Au over 1.0 m, and 5.6 g/t Au over
1.0m, plus 1.4 g/t Au over 6.0m , including 3.5 g/t Au over 0.5m, s tarting at vertical depths of 352 m, and 223 m
respectively
GMZ/Adrian
• Hole 96: 4.9 g/t Au over 1.0m, starting at a vertical depth of 355m
• Hole 88: 2.3 g/t Au over 6.0m, including 5.9 g/t Au over 2.0m, plus 1.2 g/t Au over 5.0m, including 4.6 g/t Au over
1.0m starting at vertical depths of 95m, and 49m respectively
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Subsequent Drilling
• Drill holes BL -190-193, 195, 196, 198- 203, 205- 212, 214-223, and 225- 226, and CL -144, 146, 154, 156- 167 are
pending assays and are mostly located north of the Richard Zone (“BL” holes), or located east of the GMZ and Adrian
Zones (“CL” holes) (216 is in, and 196/198 are south of Richard).
• Drill holes BL-36, 41, 50, 55, 57, 199-203, 205, 206, 209, 211, 215, 217, and 219-221 are located west of the resource
(west of Jubilee) and are either pending assays or are to be released once all of those assays are received.
• Drill holes CL-74, 99, 106, 108, 113-115, 124, 127-129, 131-133, 135, 137, 138, 145, 148, and 149 are located in the
new discovery n orth of GMZ/R ichard where hole CL-111 intersected 4.1 g/t Au over 10.25m (i.e. away from the
resource) and are either pending assays or are to be released once all of those assays are received.
• Drill holes BL-207, 208, 210, 212, 214, and 223-226 are located in the vicinity of hole BL-213, north of Richard (i.e.
away from the resource) and are either pending assays or are to be released once all of those assays are received.
• Drill holes CL-127, 129, 131-133, 137, 140, 141 and 143 are pending assays and are wildcat holes located north and
east of GMZ and Adrian; All other pending assays in Galway’s reported drill holes are still pending.
Table 6. Assay Results
Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
GWM21BL-164 74.50 75.75 1.25 0.70 0.4
105.50 107.00 1.50 0.80 3.8
142.00 143.70 1.70 0.90 0.7
156.00 157.50 1.50 0.80 0.8
163.50 182.00 18.50 10.10 2.6
including 164.30 165.00 0.70 0.40 6.2
including 174.00 175.00 1.00 0.50 23.1
including 178.50 179.25 0.75 0.40 10.4
including 179.00 180.45 1.45 0.80 0.6
GWM20BL-132 119.85 120.60 0.75 0.60 2.3
180.50 182.00 1.50 1.30 0.4
198.00 198.70 0.70 0.60 0.6
230.00 236.00 6.00 5.20 1.1
GWM20BL-116 179.00 180.45 1.45 1.40 0.6
222.50 228.50 6.00 6.00 1.4
including 226.50 227.00 0.50 0.50 3.5
353.85 375.00 21.15 21.10 1.2
including 353.85 354.50 0.65 0.60 9.1
including 358.00 359.00 1.00 1.00 3.5
including 360.00 361.00 1.00 1.00 5.6
400.00 401.00 1.00 1.00 0.8
GWM20BL-90 9.00 11.00 2.00 1.70 0.7
21.95 22.50 0.55 0.50 0.5
23.35 24.00 0.65 0.50 0.4
GWM20BL-83 46.00 47.00 1.00 0.90 0.6
76.00 77.00 1.00 0.90 2.4
113.50 115.00 1.50 1.30 0.7
GWM22CL-166 48.500 53.00 4.50 3.40 0.7
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Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
53.00 74.00 pending
86.00 127.00 41.00 31.2 0.6
including 86.00 87.00 1.00 0.80 2.3
including 102.50 105.50 3.00 2.30 1.6
169.00 172.00 3.00 2.30 1.2
251.00 419.00 pending
GWM22CL-164 76.00 90.00 14.00 11.60 2.0
including 76.00 77.00 1.00 0.80 6.0
including 89.00 90.00 1.00 0.80 14.2
94.00 95.00 1.00 0.80 0.5
98.00 99.00 1.00 0.80 0.4
102.00 104.00 2.00 1.70 0.4
185.00 258.50 pending
GWM21CL-96 135.00 136.30 1.50 1.30 0.6
160.50 162.00 1.50 1.30 0.5
175.00 176.00 1.00 0.90 4.9
183.00 184.00 1.00 0.90 1.7
204.00 204.50 0.50 0.40 1.1
GWM21CL-95 97.50 100.00 2.50 1.80 0.8
142.00 143.00 1.00 0.70 0.7
189.00 190.00 1.00 0.70 0.5
GWM21CL-88 31.00 36.00 5.00 3.20 1.2
including 31.00 32.00 1.00 0.60 4.6
37.50 39.00 1.50 1.00 0.5
63.50 71.00 7.50 4.90 0.6
including 66.50 67.00 0.50 0.30 1.3
including 69.50 71.00 1.50 1.00 1.2
115.00 116.00 1.00 0.60 0.5
120.00 121.00 1.00 0.60 0.7
130.00 136.00 6.00 3.90 2.3
including 130.00 132.00 2.00 1.30 5.9
GWM-20BL-87 0.00 69.30 No Sampling
73.00 74.00 1.00 0.50 0.4 **
105.00 137.00 32.00 17.40 1.2**
including 106.85 107.55 0.70 0.40 9.9 VG**
including 112.00 113.00 1.00 0.50 10.9**
including 120.00 121.00 1.00 0.50 3.8**
147.00 148.00 1.00 0.50 0.5**
153.00 200.00 47.00 25.60 10.6**
including 153.00 153.50 0.50 0.30 20.6 VG**
including 176.90 177.75 0.85 0.50 35.7**
including 187.20 196.70 9.50 5.20 44.1**
including 187.20 188.00 0.80 0.40 21.3**
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Toronto, ON M5C 1P1 Fax: 416-361-0923
Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
including 189.00 189.50 0.50 0.30 495.0 VG**
including 191.00 191.75 0.75 0.40 42.4**
including 191.75 192.25 0.50 0.30 57.9**
including 193.20 193.75 0.55 0.30 67.8**
including 196.05 196.70 0.65 0.40 51.6**
276.00 277.00 1.00 1.9
** previously reported ; * intersection used 0.42 g/t Au for the bottom cut -off as per pit constrained resources but is at likely
too much depth. Shown to indicate scope of mineralization; (TW=True Widths, which are calculated – sectional measuring
may give slightly different numbers); True widths are unknown if not noted; VG=Visible Gold; Drill holes BL-194, 146, 139,
138, 98, 86, 73, 70, 52 (wildcat hole South of Richard), 42 (wildcat hole South of Richard), and CL-48, 142 (wildcat holes NE
of Adrian), and the pending assays from holes BL-213 and CL-110 and 111 did not produce significant assays; Drill holes BL-
145, 102, 20, and CL-76, 68, 68A, 68B, and 44 were stopped short of target due to excessive deviation or stopped in overburden.
Table 7: Drill Hole Coordinates
Hole ID Azimuth Dip
UTM Total
Easting Northing Depth
(m)
GWM19BL-20A 297 -45 652648 5020799 186
GWM19BL-42 280 -47 653224.9 5020709 230
GWM19BL-52 350 -45 653365.2 5020874 483.3
GWM19BL-70 320 -45 652998.4 5021043 238
GWM19BL-73 140 -85 652997.9 5021044 348
GWM20BL-83 276 -45 653538.7 5021611 155
GWM20BL-86 140 -45 653617.2 5021812 222
GWM20-BL87 265.5 -82 653464 5021474 281
GWM20BL-90 8 -59 653472.3 5021543 163
GWM20BL-102A 110 -45 653905.7 5022117 210
GWM20BL-116 320 -85 653193 5021230 473
GWM20BL-132 320 -70 653077.2 5021112 326
GWM20BL-138 140 -70 652832.7 5021123 389
GWM20BL-139 250 -80 652875.7 5021040 287
GWM21BL-145 286 -79 653676.1 5021683 77
GWM21BL-146 140 -45 652878.4 5021043 227
GWM21BL-164 332 -68 653670.7 5021681 411
GWM21BL-194 142 -62 653589 5021616 306
GWM19CL-44A 144 -45 654247 5022397 147
GWM20CL-48 339 -45 654232.4 5023057 335
GWM20CL-68 262 -65 654316 5022197 44
GWM20CL-68A 262 -65 654316 5022197 0
GWM20CL-68B 262 -65 654316 5022197 91
GWM20CL-76 266 -71 654316 5022195 68
GWM21CL-88 355 -47 654321.7 5022320 158
GWM21CL-95 37 -45 654445 5022882 219
GWM21CL-96 311 -51 654553.5 5022834 234
GWM21CL-142 290 -45 652769 5022670 81
GWM22CL-164 315 -45 654715 5022675 368
GWM22CL-166 338 -45 654715 5022675 419