Galway Metals Expands Richard Zone Another 100m with 4.1 g/t Au over 16.0m and Gets Deepest Intersection with 10.0 g/t Au over 4.5m
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Galway Metals Expands Richard Zone Another 100m with 4.1 g/t Au over 16.0m and Gets
Deepest Intersection with 10.0 g/t Au over 4.5m
(Toronto, Ontario, September 9, 2020) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or "Galway") is
pleased to report assay results from drilling on the west side of the Richard Zone at the Company's Clarence
Stream project in southwest New Brunswick, Canada (Figure 1 and Figure 2). The latest results are highlighted
by:
• Hole 106 intersected 54.7 grams per tonne (g/t) Au over 2.5 metres (m), including 191.0 g/t Au over
0.5m Visible Gold (VG) (previously released), plus 0.9 g/t Au over 54.2m (VG at 200.45m assayed 14.6
g/t Au over 0.5m), plus 10.0 g/t Au over 4.5m, starting at vertical depths of 86m, 196m, and 330m below
surface, respectively (Figure 3).The VG at 200.45m is 30m west of an intersection of 44.1 g/t Au over
9.5m (within 10.6 g/t Au over 47.0m) in hole 87. The 10.0 g/t Au over 4.5m is the deepest intersection
in the Richard Zone and is generally in-line with the deepest intersects in hole BL20-88 at the
neighboring George Murphy Zone that returned 6.5 g/t Au over 14.05m and 4.9 g/t Au over 2.35m at
vertical depths of 321m and 335m, respectively.
• Hole 109 is the first of 5 new holes located 100 metres west of the Richard Zone (Figure 4, and Figure
5). It intersected 4.1 g/t Au over 16.0m, including 22.7 g/t Au over 1.0m, and 65.7 g/t Au over 0.5m, plus
1.0 g/t Au over 14.0m, including 7.6 g/t Au over 1.0m, plus 1.3 g/t Au over 5.0m (VG assayed 2.2 g/t),
including 3.4 g/t Au over 1.0m starting at a vertical depths of 180m, 221m, and 155m below surface. The
other 4 holes are pending assays.
Robert Hinchcliffe, President and CEO of Galway Metals, said, "The Richard Zone has been extended 100 metres
west with continuous mineralization now over 400 metres along strike. It has also been extended to depths in-line
with the deepest intersections in the George Murphy Zone, and all Zones at Clarence Stream remain open at
depth, along strike and laterally. With $22M in cash, Galway's recently expanded 75,000m drill program is fully-
funded through the end of 2021. Our aim is to not only expand the existing zones, but to also continue making new
discoveries to further demonstrate that Clarence Stream is an important new gold district in North America."
Hole 109 is the first of 5 new holes located 100 metres west of the previous western limit of the Richard Zone; the
rest are pending assays (Figure 5). The mineralization lines up nicely with the main (middle) vein. Hole 106 also
intersected the main (middle) vein with 0.9 g/t Au over 54.2m, and an interpreted splay structure that returned an
interval of 10.0 g/t Au over 4.5m. This latter intersection is the deepest in the Richard Zone. The southern zone
(previously-released 54.7 g/t Au over 2.5m) was also intersected in hole 106, and this intersection is interpreted to
be the western extension of the discovery hole intersection that returned 7.3 g/t Au over 36.7m, located 184m to
the east. Hole 94 was drilled out of the western plunge of the zones, and so missed the mineralization.
Galway's drill program over the next several months is to utilize 5 rigs, up from 3, in the following ways:
1. to continue drilling the 2 gaps between the George Murphy, Richard and Jubilee Zones;
2. to tighten drill spacings in these zones - generally to 50 metres for inclusion in the Q1/21 resource update;
3. to follow-up on the recent new discovery that returned 186.5 g/t Au over 0.6m located 950m SW and
along strike of the western-most intersection of the Jubilee Zone;
4. to follow-up on the recent new discovery that returned 13.4 g/t Au over 12.95m located 320 metres NE of
a previously-reported new vein intersection of 11.4 g/t Au over 2.0m, including 43.5 g/t Au over 0.5m,
which is part of several new veins that had been discovered 75 metres north of the George Murphy Zone
(GMZ) and will also be followed up, and
5. wildcat drilling will also take place north of the North Zone, east and north of the GMZ, the new properties
acquired in August (following up on historical intersections of 5.2 g/t Au over 2.5m and 3.7 g/t Au over
3.0m, etc., 20 km west of the South Zone), and on the 4km+ high-grade gold-in-soil anomaly beginning
1km on strike to the SW of the new 186.5 g/t Au over 0.6m discovery.
Table 1. Assay Results
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if not noted)
Au
g/t
RICHARD ZONE
GWM-20BL-106 80.0 81.0 1.0 0.7 0.6**
87.3 89.8 2.5 1.8 54.7**
incl. 87.8 88.3 0.5 0.4 46.1**
incl. 88.3 88.8 0.5 0.4 191.0 VG**
incl. 88.8 89.8 1.0 0.7 13.5**
146.3 200.5 54.2 38.5 0.9
incl. 151.85 153.35 1.5 1.1 6.9
incl. 158.0 159.0 1.0 0.7 2.2
incl. 175.0 177.0 2.0 1.4 2.5
incl. 180.0 181.0 1.0 0.7 3.0
incl. 200.0 200.5 0.5 0.4 14.6
213.0 214.0 1.0 1.0
226.0 227.0 1.0 0.5
243.0 244.0 1.0 1.3
246.0 247.0 1.0 0.5
262.0 263.0 1.0 1.5
269.0 272.0 3.0 0.7
274.0 275.0 1.0 0.9
287.75 288.3 0.55 0.6
304.5 306.0 1.5 1.9
336.0 340.45 4.45 10.0
incl. 336.0 337.0 1.0 42.0
347.0 348.0 1.0 2.5
367.0 370.0 3.0 0.6
GWM-20BL-109 0 128.0 PENDING
166.0 171.0 5.0 1.3
incl. 170.0 171.0 1.0 3.4
174.0 175.0 1.0 0.6
181.0 182.0 1.0 0.7
193.0 209.0 16.0 4.1
incl. 196.0 197.0 1.0 22.7
incl. 206.0 206.5 0.5 65.7
237.0 251.0 14.0 1.0
incl. 240.0 241.0 1.0 7.6
271.0 350.0 PENDING
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if not noted)
Au
g/t
GWM-20BL-94 99.0 100.0 1.0 1.1
137.0 138.0 1.0 0.6
338.0 339.35 1.35 0.7
** previously reported; (TW=True Widths, which are calculated - sectional measuring may give slightly different
numbers); True widths are unknown if not noted; VG=Visible Gold; 0.42 g/t Au was used for the bottom cut-off.
Table 2: Drill Hole Coordinates
Hole ID Azimuth Dip Easting Northing Total Depth (m) Zone
BL20-106 90 -80 653369 5021424 428 Jubilee-Richard
Trend
BL20-109 320 -70 653259 5021299 350 Jubilee-Richard
Trend
BL20-94 210 -87 653464 5021474 359 Jubilee-Richard
Trend
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 recent 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. 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, 41 Bittern
Street, Ancaster, Ontario, Canada, who 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%.
Figure 1: Plan Map of the George Murphy, Richard and Jubilee Zones
Figure 2: Plan Map of the Richard Zone
Figure 3: Section C of the Richard Zone
Figure 4: Section E of the Richard Zone
Figure 5: Longitudinal Section B
About the Company
Galway Metals is well capitalized with two gold projects in Canada, Clarence Stream, an emerging gold district in
New Brunswick, and Estrades, the former producing, high-grade VMS mine in Quebec. The Company began
trading on January 4, 2013, after the 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
www.galwaymetalsinc.com
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information contained herein.
This news release contains forward-looking information which is not comprised of historical facts. Forward-
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