Galway Metals Intersects 3.0 g/t Au Over 12.0m in the 1Km Gap Between Richard and Jubilee at Clarence Stream
Galway Metals Intersects 3.0 g/t Au Over 12.0m in the 1Km Gap Between Richard and Jubilee at
Clarence Stream
(Toronto, Ontario, December 2, 2019) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to
report assay results from a drill hole located between the recent Richard Zone discovery and the Jubilee Zone. The Richard
Zone was first reported in January, 2019, and lies midway between the Jubilee Zone and the Company’s first discovery, the
George Murphy Zone (initially reported in December, 2017). It is thought that all 3 zones (the George Murphy, Richard and
Jubilee), which cover 2.5 km of strike length, are part of the same system. None of these zones are in the resource. (Figure
1)
Robert Hinchcliffe, President and CEO of Galway Metals, said, “ The result from this hole validates Galway’s belief that
the 2 Galway discoveries and the Jubilee Zone are part of the same system. We look forward to continuing to drill to expand
the various zones at Clarence Stream and the gap areas between the George Murphy, Richard and Jubilee Zones. Galway
Metals believes that Clarence Stream is an emerging new gold district in eastern Canada”
Highlights
• 19BL-68: 3.0 grams per tonne (g/t) Au over 12.0 metres (m) (including 13.3 g/t Au over 1.1m, and 8.3 g/t Au
over 1.0m) starting at vertical depth of 112m below surface
The intersection from hole 68 is located 227 metres east of the eastern-most hole at Jubilee, and 530 metres west of the new
western hole 72 at Richard which was recently reported on; it intersected 20.7 g/t Au over 9.5m (including 92.0 g/t Au
over 0.75m, 51.9 g/t Au over 0.9m and 23.5 g/t Au over 1.1m) plus 14.2 g/t Au over 7.5m (including 63.6 g/t Au over
0.8m, 49.1 g/t Au over 0.5m , and 17.5 g/t Au over 0.75m ). The eastern-most hole at Jubilee had intersected 2.1 g/t Au
over 7.0m (6.9m TW) in hole BL19-17.
The intersections in hole 72 are 181m and 153m, respectively, from the discovery hole intersection at Richard, BL18-12,
which returned 7.3 g/t Au over 36.7m, including 38.1 g/t Au over 6.5m (previously released) in multiple quartz
veins containing abundant visible gold, starting only 51 metres downhole and 36 metres vertic al. Follow-up drilling in
hole BL19-15 intersected 5.4 g/t Au over 11.0m, including 20.9 g/t Au over 2.55m, plus 1.4 g/t Au over 9.0m, and plus
1.5 g/t Au over 7.5m, and hole BL19-69 intersected 5.5 g/t Au over 16.7m (including 50.7 g/t Au over 0.5m, 9.5 g/t Au
over 0.5m, 8.4 g/t Au over 0.6m, 32.4 g/t Au over 0.5, 43.2 g/t Au over 0.6m, and 11.7 g/t Au over 0.6m-previously
released) .
Table 1. Assay Result s
Hole ID From
(m)
To
(m)
Intercept
(m)
Au
g/t
GWM-19BL-68 54.0 76.0 PENDING
153.0 165.0 12.0 3.0
incl. 158.0 159.0 1.0 8.3
incl. 163.0 164.1 1.1 13.3
226.0 226.95 0.95 3.9
(TW=True Widths); True widths are unknown if not noted.
Table 2: Drill Hole Coordinates
Hole ID Azimuth Dip Easting Northing Total Depth
(m) Zone
BL19-68 320 -45 653078 5021112 267 Jubilee-Richard Trend
BL19-69 310 -80 653467 5021486 263 Richard
BL19-70 320 -45 653001 5021104 237 Jubilee-Richard Trend
BL19-71 330 -63 653467 5021486 185 Richard
BL19-72 278 -85 653462 5021486 280 Richard
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
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 tung sten 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 i s up to 10% sphalerite and semi -massive galena
veinlets. 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
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 G alway 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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