Galway Metals Intersects 4.6 g/t Au over 13.0m and 5.9 g/t Au over 12.0m in the Richard Zone; Step-Out Holes 78 & 93 are Now 8.5 g/t Au over 12.5m and 2.4 g/t Au over 30.0m
Galway Metals Intersects 4.6 g/t Au over 13.0m and 5.9 g/t Au over 12.0m in the Richard Zone;
Step-Out Holes 78 & 93 are Now 8.5 g/t Au over 12.5m and 2.4 g/t Au over 30.0m
(Toronto, Ontario, May 11, 2020) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to
report assay results from resource drilling at the Richard Zone, and additional assay results from previous step-out holes
78 and 93, located between the Richard and Jubilee Zones, at the Company’s Clarence Stream project in southwest New
Brunswick, Canada (Figure 1, Figure 2 and Figure 3). Highlights are as follows:
• Hole 84: intersected 4.6 g/t Au over 13.0m. This intersection is located 92m down-plunge and west of, and on the
same vein as the Richard Zone discovery hole intersection in BL18-12, which returned 7.3 g/t Au over 36.7m,
including 38.1 g/t Au over 6.5m. Hole 84 is also 53m east and above the previously -released intersection of
1.2 g/t Au over 32.0m (including 10.9 g/t Au over 1.0m, 9.9 g/t Au over 0.7m, and 3.8 g/t Au over 1.0m) from
hole 87, which 16.0m downhole also returned 10.6 g/t Au over 47.0m (including 495.0 g/t Au over 0.5m, 67.8
g/t Au over 0.55m, 57.9 g/t Au over 0.5m, 51.6 g/t Au over 0.65m, 42.4 g/t Au over 0.75m, 35.7 g/t Au over
0.85m, 21.3 g/t Au over 0.8m, and 20.6 g/t Au over 0.5m).
• Hole 59: intersected 5.9 g/t Au over 12.0m. This intersection is located 53m down-plunge and west of, and on the
same vein as the discovery hole intersection noted above. This intersection is also 41m east of the intersect in hole
84 noted above.
• Hole 93: with the return of additional assay results, the intersection that ran 4.5 g/t Au over 10.8m (released
February 25, 2020) is now 2.4 g/t Au over 30.0m. This intersection is 360m from the discovery hole intersection,
and it is from a different vein. With this intersect, the gap between the Richard and Jubilee Zones has narrowed
to 350m from 1-km originally.
• Hole 78: with the return of additional assay results, the intersection that ran 20.9 g/t Au over 4.75m (released
January 9, 2020) is now 8.5 g/t Au over 12.5m. This intersection is in the same vein as the intersect in hole 93
above and 210m from the discovery hole intersection.
Robert Hinchcliffe, President and CEO of Galway Metals, said, “The latest drilling was undertaken at 20-30 metre centres
stepping out from the discovery hole, to prove there is good continuity, to identify the plunge of the veins, and to bring in
indicated resources. The results are highlighted by good grades and widths in mostly shallow holes. The best assay in each
hole lines up in a straight line , which shows a strong westly plunge with excellent continuity (e.g. 38.1/6.5m, 119.0/0.5m,
and 33.7/0.9m in 3 holes – see Figure 4). Future drilling will follow this high-grade plunge. The new assays received from
previously-released holes have added a good thickness to the Richard Zone’s western-most hole 93, which is similar to the
intersections to the eas t (2.4/30m, 10.6/47m, 4.6/29.65m, 5.5/16.7m, 1.1/27.05m, 1.8/25.9m, etc.). Galway’s continued
strong drill results demonstrate that Clarence Stream is an emerging new gold district in North America.”
Drill Hole Highlights
• 20BL-84: 4.6 grams per tonne (g/t) Au over 13.0 metres (m) (including 33.7 g/t Au over 0.9m and 10.9 g/t Au
over 0.95m), starting at a vertical depth of 86m below surface
• 19BL-59: 5.9 g/t Au over 12.0m (including 119.0 g/t Au over 0.5m), starting at a vertical depth of 61m below
surface
• **19BL-78 REVISED: 8.5 g/t Au over 12.5m (including 54.5 g/t Au over 0.9m and 64.6 g/t Au over 0.6m,)
(REVISED from 20.9 g/t Au over 4.75m), plus 2.7 g/t Au over 14.1m (including 15.7 g/t Au over 1.15m and
12.6 g/t Au over 0.65m), starting at vertical depths of 117m and 95m below surface
• **20BL-93: REVISED: 2.4 g/t Au over 30.0m (including 33.2 g/t Au over 1.05m and 8.5 g/t Au over 0.65m)
(REVISED from 4.5 g/t Au over 10.8m), starting at a vertical depth of 170m below surface
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
• 19BL-67: 2.2 g/t Au over 16.6m (including 14.0 g/t Au over 1.0m and 11.6 g/t Au over 1.05m), starting at a
vertical depth of 56m below surface
• 19BL-82: 1.8 g/t Au over 25.9m (including 9.7 g/t Au over 1.1m , 7.6 g/t Au over 0.95m, 4.2 g/t Au over
1.0m and 4.1 g/t Au over 1.0m ), plus 1.7 g/t Au over 7.0m (including 4.0 g/t Au over 2.0m), starting at
vertical depth s of 47m and 88m below surface
• 19BL-71: 1.1 g/t Au over 27.05m (including 7.1 g/t Au over 1.0m, 5.0 g/t Au over 0.5m and 4.6 g/t Au over
0.95m), starting at a vertical depth of 56m below surface
• 19BL-60: 1.8 g/t Au over 17.5m (including 14.2 g/t Au over 0.95m), starting at a vertical depth of 64m below
surface
• 19BL-74: 1.5 g/t Au over 9.3m (including 11.2 g/t Au over 0.55m), starting at a vertical depth of 64m below
surface
• 19BL-58: 0.7 g/t Au over 13.15m, starting at a vertical depth of 86m below surface
**previously released
New Richard Zone Results are at 20-30m Centres
The intersections in holes 84, 59, and 60 are along the southern-most vein (A – Figure 4). The intersections in holes 58, 67,
and 71 are along the middle vein (B – Figure 5). Hole 82 has an intersection on both veins, while the other holes have assays
pending on the second vein in each hole. Hole 59 was stopped after the first vein. Many holes targeted the third vein, located
furthest north, at 50m centres, and as s uch resulted in the two southern veins which are located closer to the collar, being
drilled at closer centres.
The Gap Between the Richard and Jubilee Zones Has Narrowed to 350m from 1km Originally
Hole 93, which now runs 2.4 g/t Au over 30.0m, contains a section of remobilized quartz with 1-2% arsenopyrite (locally
up to 10%) from 165.8 to 221.0 metres. This is at similar depths to the mineralization in holes 87 (10.6/47m) and 72
(20.7/9.5) and is thought to be the same vein.
Table 1. Assay R esults
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if
not noted)
Au
g/t
JUBILEE ZONE
GWM-19BL-45 144.35 144.85 0.50 1.8
GWM-19BL-51 0 187.00 PENDING
210.00 211.00 1.00 1.4
214.10 214.60 0.50 0.8
215.80 216.50 0.70 0.5
RICHARD ZONE
GWM-19BL-58 0 94.65 PENDING
95.35 108.50 13.15 0.7
incl. 105.45 106.50 1.05 1.8
116.00 116.90 0.90 0.6
121.00 122.00 1.00 1.1
123.80 125.00 1.20 0.5
137.95 139.05 1.10 0.8
145.05 257.00 PENDING
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if
not noted)
Au
g/t
GWM-19BL-59 0 59.20 PENDING
67.70 79.70 12.00 5.9
incl. 76.75 77.25 0.50 119.0
GWM-19BL-60 0 65.50 PENDING
65.50 84.05 18.55 1.7
incl. 76.05 77.00 0.95 14.2
incl. 81.95 83.00 1.05 3.9
84.05 121.55 PENDING
130.20 220.20 PENDING
227.00 257.00 PENDING
GWM-19BL-64 119.40 120.85 1.45 1.3
(using 0.25 g/t) 117.50 122.30 4.80 1.0
164.00 164.50 0.50 0.6
GWM-19BL-65 88.90 89.90 2.00 1.6
GWM-19BL-66 82.75 83.50 0.75 2.9
148.00 149.00 1.00 0.7
163.20 164.20 1.00 0.7
GWM-19BL-67 20.90 21.75 0.85 0.5
25.75 27.70 1.95 0.9
32.75 57.40 PENDING
57.40 74.00 16.60 2.2
incl. 58.50 59.50 1.00 14.0
incl. 62.75 63.80 1.05 11.6
85.50 99.95 PENDING
106.75 170.05 PENDING
172.65 173.80 1.15 1.1
187.30 221.00 PENDING
GWM-19BL-71 56.95 58.70 1.75 0.9
103.95 131.00 27.05 1.1
incl. 105.85 106.85 1.00 7.1
incl. 106.85 107.80 0.95 4.6
incl. 118.20 118.70 0.50 5.0
132.95 185.00 PENDING
GWM-19BL-78 0 93.80 PENDING
93.80 109.80 14.10 9.60 2.7**
incl. 95.70 96.85 1.15 0.80 15.7**
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if
not noted)
Au
g/t
incl. 108.55 109.20 0.65 0.40 12.6**
116.00 117.00 1.00 0.9
121.00 122.00 1.00 1.7
125.00 133.50 12.50 8.4
incl. 128.75 133.50 4.75 3.20 20.9**
incl. 130.85 131.45 0.60 0.40 64.6
incl. 131.45 133.50 0.90 0.60 54.5
143.55 203.00 PENDING
GWM-19BL-82 0 46.30 PENDING
54.10 80.00 25.90 1.8
incl. 55.15 56.25 1.10 9.7
incl. 56.25 57.25 1.00 4.1
incl. 63.50 64.50 1.00 4.2
incl. 72.80 73.75 0.95 7.6
87.00 88.00 1.00 1.1
92.00 93.00 1.00 1.0
95.00 96.00 1.00 0.8
102.00 103.0 1.00 0.5
104.00 111.00 7.00 1.7
incl. 108.00 109.00 1.00 4.4
112.00 251.00 PENDING
GWM-20BL-84 0 77.10 PENDING
90.00 103.00 13.00 4.6
incl. 90.65 91.60 0.95 10.9
incl. 95.50 96.40 0.90 33.7
111.00 112.00 1.00 0.5
117.00 118.00 1.00 3.7
189.90 284.00 PENDING
GWM-20BL-85 49.00 91.40 PENDING
122.25 124.15 1.90 1.2
158.90 183.00 PENDING
186.55 192.00 PENDING
215.40 216.00 0.60 0.5
GWM-20BL-86 42.55 43.10 0.55 5.8
66.25 72.55 6.30 1.0
incl. 69.25 69.95 0.70 5.4
Hole ID From
(m)
To
(m)
Intercept
(m)
Intercept
(m) TW
(Unknown if
not noted)
Au
g/t
75.20 76.10 0.90 0.6
89.00 90.00 1.00 0.9
92.60 93.80 1.20 0.8
104.00 105.30 1.30 0.5
119.60 130.90 PENDING
156.55 161.80 PENDING
165.80 171.00 PENDING
181.00 181.95 0.95 1.0
201.00 203.20 2.20 1.2
256.20 256.80 0.60 0.5
440.85 444.15 3.30 0.5
incl. 440.85 441.40 0.55 1.4 V.G.
GWM-20BL-93 0 164.00 PENDING
170.00 200 30.00 2.4
178.20 179.25 1.05 33.2
180.65 181.30 0.65 9.0
209.00 210.00 1.00 0.6
210.00 293.00 PENDING
(TW=True Widths); True widths are unknown if not noted; V.G.=Visible Gold; 0.42 g/t Au was used for the bottom
cut-off; Jubilee hole 63 did not return significant assays; Wildcat exploratory holes 61 did not return significant
assays; holes 75, 80 did not reach the target
Table 2: Drill Hole Coordinates
Hole ID Azimuth Dip Easting Northing Total Depth
(m) Zone
GWM19BL-45 255 -45 652644 5020811 245 Jubilee
GWM19BL-51 220 -70 652650 5020807 267 Jubilee
GWM19BL-58 300 -65 653468 5021479 257 Richard
GWM19BL-59 310 -65 653503 5021513 80 Richard
GWM19BL-60 325 -78 653518 5021535 257 Richard
GWM19BL-64 360 -45 653565 5021682 341 Richard
GWM19BL-65 320 -80 652801 5021114 111 Jubilee-Richard Trend
GWM19BL-66 320 -45 652889 5021031 171 Jubilee-Richard Trend
GWM19BL-67 332 -75 653472 5021544 221 Richard
GWM19BL-71 330 -63 653467 5021486 185 Richard
GWM19BL-78 320 -75 653374 5021412 203 Richard
GWM19BL-82 287 -58 653518 5021534 251 Richard
GWM20BL-84 35 -72 653464 5021474 284 Richard
GWM20BL-85 320 -45 653640 5021791 242 Richard
GWM20BL-86 140 -45 653619 5021817 222 Richard
GWM20BL-93 320 -90 653314 5021362 293 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 Ri chard 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 arsen opyrite 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 r esources (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 F ire 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 duplicate s 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: Cross Section of the Richard Zone
Figure 4: Long Section of the Southern Vein
Figure 5: Long Section of the Middle Vein