Galway Metals Continues to Demonstrate Expansion Potential in Multiple Areas Directly North of the New Clarence Stream Resource
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Galway Metals Continues to Demonstrate Expansion Potential in Multiple Areas
Directly North of the New Clarence Stream Resource
(Toronto, Ontario, September 12, 2022) - Galway Metals Inc. (TSX -V: GWM , OTCQB: GAYMF ) (the "Company" or
“Galway”) is pleased to report drill results from an on -going drill program focussed immediately to the north of the newly
upgraded Clarence Stream Mineral Resource . The new results expand two zones of mineralization located within a large
triangular shaped area (the “Triangle Area”) adjacent to, and within approximately 1km directly to the north of the SW Deposit
(Figure 1). This is significant because it could add additional shallow resources close to the edge of the currently planned open
pits envisaged in the resource model , further growing what is already one of Canada’s largest high -grade, open-pittable gold
projects.
“Since acquiring Clarence Stream in August 2016, Galway has drilled 170,000 metres. In the first year, Galway drilled to
expand the South, North and Jubilee Zones. Starting in year two through to today, Gal way set out to make new discoveries,
which led to discoveries of the GMZ, Richard and Adrian Zones in 2017, 2019 and 2020, respectively. Drilling of these three
zones and Jubilee resulted in them connecting into a 3.1km mineralized trend, now known as the SW Deposit. This was added
to the Clarence Stream Resource in April 2022,” states Robert Hinchcliffe, President and CEO of Galway Metals. “In 2021,
Galway reported a New Discovery located 900m north of the SW Deposit, now known as the Stewart Zone, as well as the
Richard North Veins, located 340m north of the SW Deposit. To conserve cash given current challenging market conditions,
Galway has reduced the number of drill rigs from six operating double- shifted to two operating single -shifted. With its
remaining two rigs, Galway is now focusing on the large Triangle Area north of the SW Deposit to expand on the Stewart and
Richard North Veins, much as it did with the other discoveries Galway has made.”
Galway released an updated Mineral Resource for Clarence S tream (the “Resource”) in an April 25, 2022 press release; see
Tables 1 and 2 below. This represented a more than doubling and quadrupling, respectively, of Measured and Indicated, and
Inferred gold resources at Clarence Stream, consisting of the following resource estimates:
• Indicated open pit resources of 886,000 ounces at 2.27 g/t Au, plus
• Inferred open pit resources 731,000 ounces at 1.93 g/t Au, plus
• Indicated underground resources of 36,000 ounces at 4.1 g/t Au, plus
• Inferred underground resources of 603,000 ounces at 4.5 g/t Au
Triangle Area: A Large New Target for Resource Expansion at Clarence Stream’s SW Deposit
The Triangle Area represents a large target relative to the entire size of the SW Deposit resource area. The SW Deposit already
represents by far the largest component of Galway’s Clarence Stream Resource at 55% and 65% for Indicated and Inferred,
respectively. Drilling in two zones (Stewart and Richard North) within the Triangle Area has begun to demonstrate scope for
expansion of the resource.
Mike Sutton, VP and Chief Geologist of Galway Metals adds: “While all zones in the resource remain open for expansion, the
focus of the drill program is now to drill outside the known deposits, 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. The Triangle Area represents
an excellent opportunity to expand the SW Deposit in multiple directions as discoveries made within the Triangle appear to dip
back toward the SW Deposit in multiple locati ons. The drill results, which highlight gold mineralization on either side of the
Stewart Zone (previously referred to as New Discovery) , and extensions to the Richard North Veins, suggest either satellites
to, or significant extensions to the SW Deposit are possible. Galway is looking forward to unlocking this potential as we continue
drilling.”
Large Step-Outs from Stewart Highlight Significant Potential from the Top of the Triangle to Adrian
In a July 26, 2021 press release, Galway announced a new discovery 900m north of the resource, now called the “Stewart
Zone,” after a renowned prospector , Wayne Stewart, who has done considerable great work for Galway, where hole CL-72
intersected 4.8 g/t Au over 3.1m , 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. New drilling that followed up on this discovery has intersected 8.6 g/t Au over 2.0m (incl.
19.6 g/t Au over 0.5m) in hole CL-129, located 257m NW of the Stewart Zone discovery (and 1.0 km NW of the Resource).
New drilling has also intersected 18.9 g/t Au over 1.0m, plus 2.3 g/t Au over 2.0m (incl. 5.7 g/t Au over 0.5m) in hole BL-246,
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located 204m SE of the Stewart Zone discovery, and, in hole BL -244, 13.0 g/t Au over 0.5m with V.G. (visible gold), plus 4
other zones located 246m SE of the Stewart Zone discovery. Together with what was already drilled, the intersections would
be 700m apart – and interpreted to be dipping into the Triangle Area toward the Adrian veins in the Resource at the SW Deposit
(Figure 1, Figure 2).
Highlights of Stewart Zone Step-Out Drilling:
• **Hole CL-111: 4.1 g/t Au over 10.25m , including 33.5 g/t Au over 1.1m, plus 2.6 g/t Au over 2.5m , starting at
vertical depths of 16.5m and 108m, respectively
• **Hole CL-72: 4.8 g/t Au over 3.1m, starting at a vertical depth of 95m
• **Hole CL-110: 0.9 g/t Au over 3.65m, starting at a vertical depth of 64.5m
• **Hole CL-104: 4.0 g/t Au over 1.6m, starting at a vertical depth of 53.8m
• Hole CL-129: 8.6 g/t Au over 2.0m, including 19.6 g/t Au over 0.5m starting at a vertical depth of 61m
• Hole BL-246: 18.9 g/t Au over 1.0m, plus 2.3 g/t Au over 2.0 m, including 5.7 g/t Au over 0.5m starting at vertical
depths of 50m, and 30m, respectively
• Hole BL-244: 13.0 g/t Au over 0.5m (V.G.), plus 3.5 g/t Au over 1.0m, plus 3.4 g/t Au over 1.0m, plus 0.6 g/t Au over
2.55m plus 0.44 g/t Au over 2.5m starting at vertical depths of 116m, 98m, 51m, and 81m, respectively
• Hole CL-113: 9.1 g/t Au over 1.0m, starting at a vertical depth of 100m
• Hole CL-138: 1.7 g/t Au over 3.0m , plus 1.4 g/t Au over 4.0m, including 4.0 g/t Au over 1.0m, plus 0.4 g/t Au over
5.5m, including 1.8 g/t Au over 0.5m starting at vertical depths of 14m, 159m, and 22m, respectively
**previously-released. A 0.42 g/t Au cutoff grade was used for previously-released intersects, and a cutoff grade of 0.38 g/t Au
was used for newly reported intersects. These cutoff grades coincide with the cutoffs applied to the most recently- released
resource estimates at the time the intersects were reported.
The Stewart Zone 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 Stewart Zone 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 (refer to the March 30, 2021 press release). The 4.1 g/t Au over 10.25m intersect in hole CL -111 in
the Stewart Zone appears to trend right toward this deeper high-grade intersect in the Adrian Zone. The deep intersects in hole
CL-51 are not yet 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, we believe, is the main conduit for gold mineralization at
Clarence Stream.
Some of the intersections in holes CL-138 and in hole BL-246 are significant because they are the furthest step -outs from the
Stewart Zone going toward the resource and likely represent new veins, all within the Triangle Area.
The Stewart Zone intersections are located in sediments between two intrusions and mineralization is controlled by fault
structures. It was originally drilled to test a modest 61 ppb soil anomaly that coincided with a strong linear magnetic low, and
is in quartz veining with associated 1-3% pyrite, pyrrhotite, and arsenopyrite, very similar to other mineralization in the area .
It is located close to the contact with a granite and appears to parallel the contact with multiple veins, at 15 degrees along strike
(horizontally – almost north-south) – following a line of soil anomalies, and dipping 40 degrees east toward Adrian. There is
also evidence that a second set of veins are in a different orientation, running NE-SW along magnetic lows with corresponding
soil anomalies. This is a similar setting, and with similar geochemical/geophysical signatures, as all the other intrusion-related
gold deposits and discoveries at Clarence Stream.
Richard North Veins Expanded over 200m Along Strike from West Edge of Triangle
In another location within the Triangle Area, new drilling has returned multiple wide intersections near the previously-reported
discovery of the Richard North Vein of 1.1 g/t Au over 8.35m, located 340m north of the SW Deposit resource. Similar wide
intersects were returned, such as 2.6 g/t Au over 9.2m and 1.9 g/t Au over 9.0m, with all of them lining up to form a zone
measuring 236 metres horizontally along a NE strike. This is interpreted to be the up-dip extensions to a number of previously-
released wide intersects (in holes 188, 189 and 185) that joined up the Richard and GMZ zones (both part of the SW Deposit).
Those intersections include 1.4 g/t Au over 34.5m in hole 188, 1.3 g/t Au over 42.0m in hole 189 and 1.4 g/t Au over 13.5m,
plus 1.2 g/t Au over 9.0 m, plus 0.8 g/t Au over 13.0m , plus 1.3 g/t Au over 5.0m , plus 1.0 g/t Au over 5.0m in hole 185.
Despite being strong intersections, none of these were incorporated in the resource due to a lack of drilling. Additional drilling
in this area between the 2.6 g/t Au over 9.2m in hole BL-231 and these previously-released intersections could join them up
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over a 540m down-dip length (Figure 3, Figure 4). The Richard North Veins may link, again within the Triangle Area, to the
Adrian Zone located 970m to the NE, the Stewart Zone located 900m to the north and to the Richard and GMZ Zones to the
SE.
Highlights of Richard North Veins:
• **Hole BL-213: 1.1 g/t Au over 8.35m, including 8.2 g/t Au over 0.5m, plus 2.0 g/t Au over 1.15m, plus 0.8 g/t Au
over 4.15m starting at vertical depths of 89m, 77m and 84m, respectively
• **Hole BL-204: 4.0 g/t Au over 1.35m starting at a vertical depth of 25m
• Hole BL-231: 2.6 g/t Au over 9.2m, including 13.3 g/t Au over 1.2m and 5.8 g/t Au over 1.0m, starting at a vertical
depth of 99m
• Hole BL-225: 1.9 g/t Au over 9.0m, including 20.4 g/t Au over 0.5m starting at a vertical depth of 104m
• Hole BL-214: 1.5 g/t Au over 4.6m, including 6.7 g/t Au over 0.8m, plus 1.1 g/t Au over 0.8 m, starting at vertical
depths of 100m, and 137m, respectively
• Hole BL-222: 4.0 g/t Au over 1.1m, starting at a vertical depth of 92m
Clarence Stream’s Gold Resource Increase Driven Mostly by Discoveries at the SW Deposit
The more th an doubling and quadrupling, respectively, of Measured and Indicated, and Inferred gold resources at Clarence
Stream was driven principally by Galway’s discovery of the Adrian, George Murphy (GMZ) and Richard Zones. Extensive
drilling has resulted in the Adrian Zone linki ng 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 referred to collectively as the SW Deposit . It’s also
important to note that all Zones included in the resource update are open for significant expansion.
Table 1: Updated Mineral Resource Statement, Clarence Stream Deposits, New Brunswick, Canada, by SLR Consulting
(Canada) Ltd., March 31, 2022
Tonnes Grade Resource
Mine Type Deposit Category (000) g/t Au ppm Sb oz Au tonnes Sb
North Indicated 1,171 2.28 4,782 86,000 5,601
Inferred 1,731 2.51 491 140,000 850
South Indicated 3,190 2.89 1,205 296,000 3,844
Open Pits Inferred 594 3.45 376 66,000 223
Southwest Indicated 7,761 2.02 - 504,000 -
Inferred 9,471 1.73 - 525,000 -
Sub Totals Indicated 12,123 2.27 - 886,000 9,445
Inferred 11,796 1.93 - 731,000 1,073
South Indicated 274 4.10 587 36,000 161
Inferred 1,917 4.21 559 260,000 1,072
Underground Southwest Inferred 2,250 4.75 - 343,000 -
Sub Totals Indicated 274 4.10 587 36,000 161
Inferred 4,168 4.50 - 603,000 1,072
Open Pits & Totals Indicated 12,396 2.31 - 922,000 9,605
Underground Inferred 15,963 2.60 - 1,334,000 2,145
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.
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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.
Table 2: Clarence Stream’s South Zone, North Zone and SW Deposit Resources
Tonnes Grade Resource
Deposit Category (000) g/t Au ppm Sb oz Au tonnes Sb
South Indicated 3,464 2.99 1,156 332,000 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 11,721 2.31 - 868,000 -
For complete details of the resource update, refer to: “Technical Report on the Clarence Stream Project, New Brunswick,
Canada” with an effective date of March 31, 2022, prepared in accordance with NI 43-101 regulations. This report is available
on the Company’s website at www.galwaymetalsinc.com and on its SEDAR profile at www.sedar.com.
Table 3. Assay Results
Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
RICHARD NORTH ZONE
GWM21BL-213 16.85 17.40 0.50 0.5 0.5**
110.00 111.15 1.15 1.1 2.0**
113.60 114.35 0.75 0.7 0.5**
119.85 124.00 4.15 4.1 0.8**
129.05 137.40 8.35 8.2 1.1**
including 131.55 132.05 0.50 0.5 8.2**
GWM21BL-204 16.00 16.50 0.50 0.5 1.1**
35.75 37.10 1.35 1.3 4.0**
61.10 62.10 1.00 1.0 0.5**
129.00 129.75 0.75 0.7 0.8**
GWM22BL-231 117.0 126.2 9.2 9.0 2.6
including 117.0 118.0 1.0 1.0 5.8
including 125.0 126.2 1.2 1.2 13.3
154.0 155.0 1.0 1.0 1.0
GWM22BL-225 127.0 136.0 9.0 8.9 1.9
127.0 127.5 0.5 0.5 20.4
143.4 148.7 PENDING
GWM22BL-222 110.0 111.5 1.5 1.5 0.4
123.0 124.0 1.0 1.0 0.6
133.0 134.1 1.1 1.1 4.0
149.0 150.0 1.0 1.0 0.7
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Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
GWM22BL-223 121.0 122.0 1.0 1.0 1.2
GWM22BL-224 126.5 127.0 0.5 0.5 0.5
133.0 134.2 1.2 1.2 0.8
GWM21BL-212 63.0 63.8 0.8 0.8 2.3
GWM22BL-226 143.0 144.0 1.0 1.0 0.8
GWM22BL-229 133.8 134.5 0.7 0.7 0.5
137.0 139.0 2.0 1.9 0.6
GWM22BL-227 60.0 61.0 1.0 1.0 0.4
117.5 119.0 1.5 1.4 0.6
GWM21BL-214 146.7 151.3 4.6 4.5 1.5
including 146.7 147.5 0.8 0.8 6.7
203.05 203.85 0.8 0.8 1.1
GWM22BL-228 162.5 164.0 1.5 1.5 0.5
177.5 179.0 1.5 1.5 1.8
GWM21BL-207 25.25 27.3 2.05 2.0 1.5
including 26.7 27.3 0.6 0.6 3.8
39.0 41.0 2.0 2.0 0.7
121.65 123.25 1.6 1.6 1.0
133.35 134.0 0.65 0.6 1.0
141.25 142.0 0.75 0.7 0.4
154.0 156.85 2.85 2.8 0.4
GWM21BL-208 86.45 87.05 0.6 0.6 1.9
106.0 107.0 1.0 1.0 0.6
122.55 123.4 0.85 0.8 0.7
137.0 137.8 0.8 0.8 0.6
148.85 149.4 0.55 0.5 0.7
156.1 156.75 0.65 0.6 1.2
172.0 172.6 0.6 0.6 0.9
STEWART ZONE
GWM20CL-72 128.90 132.00 3.10 4.8 **
incl. 128.90 130.10 1.20 6.7 **
incl. 130.10 131.00 0.90 7.0 **
incl. 131.00 132.00 1.00 0.6 **
GWM20CL-111 14.00 16.85 PENDING
16.85 27.10 10.25 4.1**
incl. 16.85 17.95 1.10 33.5**
70.40 70.90 0.50 0.8**
91.80 92.70 0.90 0.5**
105.1 106.10 1.0 0.6
110.20 112.70 2.50 2.6**
incl. 110.20 111.20 1.00 4.7**
123.6 124.55 0.95 0.4**
GWM21CL-104 71.55 72.65 1.10 1.0**
76.65 78.95 1.60 4.0**
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Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
82.10 83.10 1.00 0.4**
89.00 90.00 1.00 1.2**
GWM21CL-110 27.90 28.40 0.50 1.7**
68.30 69.80 0.50 0.44**
76.70 80.35 3.65 0.9**
incl. 76.70 77.20 0.50 3.5**
GWM21CL-129 6.0 10.0 PENDING
32.5 63.0 PENDING
80.0 80.5 0.5 0.8
90.0 92.0 2.0 8.6
including 90.0 90.5 0.5 19.6
GWM21CL-131 29.0 NSV
41.0 92.5 PENDING
GWM21CL-132 59.0 95.0 PENDING
GWM22BL-246 9.0 27.0 PENDING
30.0 32.0 2.0 2.3
including 30.0 30.5 0.5 5.7
50.5 51.5 1.0 18.9
55.0 314.0 PENDING
GWM22BL-244 35.5 65.0 PENDING
71.0 72.0 1.0 3.4
72.0 111.5 PENDING
113.0 115.55 2.55 0.6
119.5 122.0 2.5 0.44
129.0 130.0 1.0 0.9
144.0 145.0 1.0 3.5
152.0 157.0 PENDING
175.5 176.0 0.5 13.0 V.G.
GWM21CL-135 29.5 30.0 0.5 1.0
86.5 88.0 1.5 1.0
146.0 146.5 0.5 1.3
160.0 161.0 1.0 0.5
169.0 170.0 1.0 0.5
173.0 174.0 1.0 2.9
GWM21CL-106 64.95 65.95 1.0 1.2
128.25 129.25 1.0 0.5
139.85 141.45 1.6 0.6
151.0 152.0 1.0 2.3
GWM21CL-108 131.8 132.3 0.5 2.0
GWM21CL-148 37.5 38.0 0.5 2.0
136.0 137.0 1.0 0.8
163.5 164.5 1.0 0.6
184.0 184.5 0.5 2.9
GWM21CL-138 15.0 18.0 3.0 1.7
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Hole ID From
(m)
To
(m)
Intercept
(m)
TW
(m)
Au
g/t
24.5 30.0 5.5 0.4
including 29.5 30.0 0.5 1.8
186.0 190.0 4.0 1.4
including 188.0 189.0 1.0 4.0
GWM21CL-124 25.0 25.5 0.5 1.1
GWM21CL-114 87.0 87.6 0.6 1.3
108.2 109.2 1.0 1.3
115.5 116.0 0.5 0.6
GWM21CL-113 37.8 38.3 0.5 0.6
118.0 119.0 1.0 9.1
GWM21CL-149 63.5 64.0 0.5 1.7
73.3 133.0 PENDING
135.0 135.5 0.5 0.6
167.0 168.0 1.0 1.8
GWM21CL-115 41.0 50.0 PENDING
GWM21CL-146 24.0 24.5 0.5 1.8
49.5 51.0 1.5 0.8
53.0 53.7 0.7 0.4
54.4 55.0 0.6 0.4
135.0 135.6 0.6 0.6
145.0 146.0 1.0 1.6
GWM20CL-74 42.7 44.0 1.3 0.5
130.5 131.5 1.0 0.8
** previously reported ; used 0.38 g/t Au for the bottom cut -off as per pit constrained for all new results; 0.42 g/t Au was used
for previously -released pit constrained results. (TW=True Widths, which are calculated – sectional measuring may give
slightly different numbers); True widths are unknown if not noted; VG=Visible Gold; Drill hole CL-99 did not produce
significant assays.
Table 4: Drill Hole Coordinates
Hole ID Azimuth Dip
UTM Total
Easting Northing Depth
(m)
GWM20CL-72 333 -45 653582 5022870 161
GWM21CL-104 300 -45 653584 5022869 139
GWM21CL-110 284 -58 653587 5022853 132
GWM21CL-111 320 -78 653586 5022852 153
GWM21BL-213 315 -45 653471 5021900 164
GWM21BL-204 315 -45 653505 5022020 396
GWM22BL-231 310 -60 653620 5021997 162
GWM22BL-225 316 -58 653510 5021925 150
GWM22BL-222 313 -45 653440 5021865 159
GWM22BL-223 313 -57 653440 5021865 162
GWM22BL-224 316 -45 653510 5021925 162
GWM21BL-212 315 -45 653397 5021969 98
GWM22BL-226 314 -58 653471 5021900 150
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Hole ID Azimuth Dip
UTM Total
Easting Northing Depth
(m)
GWM22BL-229 310 -65 653471 5021900 186
GWM22BL-227 314 -70 653471 5021900 156
GWM21BL-214 315 -45 653548 5021839 220
GWM22BL-228 310 -50 653575 5021910 228
GWM21BL-207 315 -45 653543 5021984 176
GWM21BL-208 315 -45 653585 5021967 191
GWM21CL-129 320 -45 653469 5023161 122
GWM21CL-131 320 -60 653469 5023161 101
GWM21CL-132 300 -45 653469 5023161 98
GWM22BL-246 295 -78 653737 5022647 316.5
GWM22BL-244 295 -45 653693 5022536 198
GWM21CL-135 300 -50 653700 5022775 198
GWM21CL-106 332 -47 653619.9 5022898 201
GWM21CL-108 329 -45 653576 5022924 171
GWM21CL-148 325 -50 653629 5022819 198
GWM21CL-138 290 -60 653710 5022855 198
GWM21CL-124 320 -78 653608 5022850 153
GWM21CL-114 320 -78 653583.2 5022822 153
GWM21CL-113 286 -58 653582.7 5022821 147
GWM21CL-149 275 -61 653625 5022800 198
GWM21CL-115 195 -45 653576 5022924 213
GWM21CL-146 320 -75 654650 5022880 467
GWM20CL-74 152 -45 653636.2 5022772 341
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 SW Deposit
Clarence Stream Geology and Mineralization
Clarence Stream deposits can be characterized as intrusion -related, quartz -vein hosted gold deposits. They contain
elevated levels of bismuth and arsenopyrite in multiple quartz veins, with significant antimony in the South and North
Zones and tungsten in the vicinity. The Zones contain multiple zones of quart z 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 in sericite altered sediments. The South and North Zones a lso contain stibnite. Locally there
is up to 10% sphalerite and semi -massive galena veinlets. The 3.1 km trend that hosts the SW Deposit is associated with
a mineralized mafic intrusive locally – similar to the South Zone. A more complete description of Cl arence Stream’s
geology and mineralization can be found at www.galwaymetalsinc.com .
Review by Qualified Person, Quality Control and Reports
The Mineral Resource estimates for the North and South Zones were prepared by Mr. Reno Pressacco, P.Geo, SLR Principal
Geologist. The Mineral Resource estimate for the Southwest Deposit was prepared under the supervision of Ms. Valerie Wilson,
M.Sc., P.Geo., SLR Managing Principal Geologist. Mr. Pressacco and Ms. Wilson are Independent Qualified Persons as
defined by NI 43-101 and have read and approved the scientific and technical content of this news release as it relates to the
updated Mineral Resource estimates. 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. A NI 43-101 report will be completed within 45 days to support the resource estimate. 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,