Galway Metals Intersects 4.8 g/t Au over 34.0m, 23.0 g/t Au over 7.4m, & 4.9 g/t Au Over 20.35m, at Clarence Stream
Galway Metals Intersects 4.8 g/t Au over 34.0m, 23.0 g/t Au over 7.4m, & 4.9 g/t Au Over 20.35m,
at Clarence Stream
(Toronto, Ontario, February 16, 2021) - Galway Metals Inc. (TSX-V: GWM) (the "Company" or “Galway”) is pleased to
report new drill results from holes in the western and northern extensions of the George Murphy Zone (GMZ) at the Clarence
Stream Gold Project in SW New Brunswick (Figure 1, Figure 2, and Figure 3).
Results to the west follow-up on previously-released drill hole 88 that extended the zone 230m to the west and that returned
three areas of visible gold with intersections of 6.5 g/t Au over 14.05 m, 9.7 g/t Au over 2.0m, and 1.2 g/t Au over 11.0m.
Highlight results from follow-up holes in this west area returned 23.0 g/t Au over 7.4m in hole CL-47, 19.7 g/t Au over
4.2m within a broader structure that assayed 4.9 g/t Au over 20.35m plus 8.7 g/t Au over 2.0m in hole BL -102A, and
intersects of 0.64 g/t Au over 47.0m, 1.3 g/t Au over 24.05m, 3.6 g/t Au over 8.0m and 2.7 g/t Au over 9.7m in hole CL-
66A.
Veins to the north of the GMZ (first reported on February 13, 2020) are suddenly suggesting wide, high-grade content with
the intersections of 20.2 g/t Au over 7.0m within a broader structure that assayed 4.8 g/t Au over 34.0m, plus 1.3 g/t Au
over 9.5m in hole CL-50. Hole CL-84, drilled 35m to the east of hole CL-50, intersected significant visible gold (VG) (see
Photos); assays are pending. The GMZ remains open for expansion in all directions ; all zones at Clarence Stream remain
open for expansion in all directions.
“Galway is really pleased with how all zones are expanding with nice widths and grades . The Company is following up
on these and other results ahea d of the release this summer of the Clarence Stream mineral resource update. With 6 rigs
turning, and with a 7 th on the way, Galway can complete in 6 -months what took 3 -years when we had just 1 rig at
Clarence Stream. A similar situation exists at Estrades where Galway is drilling with 3 rigs vs just 1 in all previous
programs. With 9 rigs currently turning, and a 10 th on the way, Galway will be making a lot of news, ” cites Robert
Hinchcliffe, President and CEO of Galway Metals.
New GMZ North Assay Highlights
• CL20-50: 4.8 grams per tonne (g/t) Au over 34.0 metres (m), including 20.2 g/t Au over 7.0m, which includes
8.9 g/t Au over 2.0m, 198.0 g/t Au over 0.5m, and 21.6 g/t Au over 1.0m, plus 1.3 g/t Au over 9.5m, starting at
respective vertical depths of 186m and 101m below surface
• CL21-84: Significant VG present at 192m below surface, located 35m east of hole CL20-50.
New GMZ West Assay Highlights
• BL20-102A: 4.9 g/t Au over 20.35m, including 19.7 g/t Au over 4.2m, which includes 22.5 g/t Au over 0.5m, 25.8
g/t Au over 0.6m, and 72.4 g/t Au over 0.75m, plus 8.7 g/t Au over 2.0m, including 16.9 g/t Au over 1.0m, starting
at respective vertical depths of 116m and 27m below surface
• CL20-47: 23.0 g/t Au over 7.4m, including 88.1 g/t Au over 0.5m, 42.9 g/t Au over 0.5m, and 58.5 g/t Au over
1.5m, and including 0.5m giving “0” for a pending assay, starting at a vertical depth of 174m below surface
• CL20-66A: 0.64 g/t Au over 47.0m, including 1.6 g/t Au over 1.0m, 2.1 g/t Au over 0.75m, and 8.8 g/t Au over
1.0m, plus 1.3 g/t Au over 24.05m , including 3.2 g/t Au over 0.9m, and 14.2 g/t Au over 0.8 m, plus 3.6 g/t Au
over 8.0m, including 30.1 g/t Au over 0.5m, and 12.8 g/t Au over 0.5m, plus 2.7 g/t Au over 9.7m, including 26.5
g/t Au over 0.5m, starting at respective vertical depths of 167m, 229m, 287m, and 123m below surface
• CL20-45: 1.3 g/t Au over 6.85m, including 3.0 g/t Au over 0.5m, starting at a vertical depth of 210m below surface
• CL20-76A: 1.8 g/t Au over 7.6m, including 12.5 g/t Au over 0.75m and 4.1 g/t Au over 0.8m, starting at a vertical
depth of 198m below surface
• BL20-112: 1.6 g/t Au over 10.0m, including 5.3 g/t Au over 1.0m and 5.5 g/t Au over 1.0 m, starting at a vertical
depth of 113m below surface
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Drilling to the West at GMZ is Filling in a 192m Sub-Vertical Gap
The intersections in holes CL-45, 47, 66A, and 76A are located within a 192-metre sub-vertical gap on the west side of the
GMZ between an intersection of 6.5 g/t over 14.05m (hole CL-88) and an intersection of 1.6 g/t over 14.0m (hole CL-35).
These two intersections are located 317m and 178m below surface, respectively. The intersection of 23.0 g/t Au over 7.4m
is located 164m up-plunge from the 6.5 g/t over 14.05m. The intersection of 4.9 g/t Au over 20.35m in hole BL-102A, also
on the west side of the GMZ, is on a vein further north than the ones discussed above. It is also 28m west of a previously-
released intersection of 2.1 g/t Au over 38.75m in hole BL-99, which is thought to correlate with the intersection of 1.2 g/t
Au over 11.0m in hole BL -88 (located 111 metres below it) . The 2.7 g/t Au over 9.7m intersection in hole CL-66A, at a
vertical depth of 123m, is the deepest intersection to date for the southern-most known vein, and is 76m below previously-
released 2.1 g/t Au over 15.7m (CL 18-34). This southern vein appears to be dipping flatter than the other veins . Between
the two previously-known veins in hole 66A (2.7 g/t Au over 9.7m and 3.6 g/t Au over 8.0m) are intersections of 0.64 g/t
Au over 47.0m, and 1.3 g/t Au over 24.05m, which are new and which also appear to be dipping flatter than the other veins
to the north.
The GMZ, Richard and Jubilee are Part of the Same 2.5 km Long System
Galway’s George Murphy Zone discover y was initially reported in December 2017 , but drilling stopped a year later
following the discovery of the Richard Zone, which was first reported in January 2019. Drilling at the GMZ resumed a year
later in mid-November 2019. The plunge of all zones to date in the Jubilee, Richard, and GMZ are thought to be to the west
and are part of the same 2.5 km long system. The GMZ is 765m long to date , with multipl e structure s over 310m wide,
and with all zones open in every direction .
The GMZ, Jubilee, Adrian, and Richard Zones have been discovered (or drilled) by Galway after the last resource estimate
was released in September 2017. The discovery of these zones, and their subsequent expansions, demonstrate that Clarence
Stream is an emerging new gold district in North America.
Table 1. Assay Results
Hole ID From
(m)
To
(m)
Intercept
(m)
Au
g/t
GWM20CL-47 115.00 258.60 PENDING
258.60 266.00 7.40 23.0
incl. 258.60 259.10 0.50 88.1
incl. 260.10 260.60 0.50 42.9
260.60 261.10 0.50 PENDING (used 0)
incl. 261.10 262.60 1.50 58.5
266.00 308.80 PENDING
348.00 383.50 PENDING
403.50 407.00 PENDING
GWM20CL-50 102.00 103.50 1.50 0.5
125.00 134.50 9.50 1.3
159.00 161.00 2.00 1.6
179.00 180.00 1.00 0.6
191.00 193.00 2.00 0.7
205.00 206.00 1.00 0.9
216.00 250.00 34.00 4.8
incl. 235.00 242.00 7.00 20.2
incl. 235.00 237.00 2.00 8.9
incl. 237.80 238.30 0.50 198.0
incl. 241.00 242.00 1.00 21.6
GWM20CL-66A 137.00 146.70 9.70 2.7
incl. 143.70 144.20 0.50 26.5**
188.00 235.00 47.00 0.64
incl. 188.00 189.00 1.00 1.6
incl. 198.15 198.90 0.75 2.1
incl. 200.40 201.00 0.60 1.5VG**
incl. 234.00 235.00 1.00 8.8
Hole ID From
(m)
To
(m)
Intercept
(m)
Au
g/t
237.90 253.35 PENDING
255.65 279.70 24.05 1.3
incl. 260.10 261.00 0.90 3.2
incl. 264.00 264.80 0.80 14.2
322.70 333.60 10.90 0.42
incl. 322.70 323.65 0.95 2.3**
333.60 341.60 8.00 3.6**
incl. 340.60 341.10 0.50 30.1VG**
incl. 341.10 341.60 0.50 12.8**
GWM20CL-45 221.55 222.05 0.50 1.9
230.00 232.30 2.30 0.5
240.35 241.35 1.00 0.5
244.80 251.65 6.85 1.3
incl. 247.70 248.20 0.50 3.0
311.00 314.00 3.00 0.6
373.30 387.95 PENDING
GWM20CL-46 159.00 159.65 0.65 0.8
192.00 193.40 1.40 1.7
262.25 263.50 1.25 1.3
321.15 358.00 PENDING
GWM20CL-68C 230.50 232.00 1.50 1.2
235.00 235.50 0.50 2.8
279.00 282.50 3.50 0.8
GWM20CL-71 254.45 256.10 1.65 4.0
271.00 272.50 1.50 0.7
297.70 298.50 0.80 2.4
GWM20CL-76A 203.00 204.00 1.00 0.5
210.80 218.40 7.60 1.8
incl. 210.80 211.55 0.75 12.5
incl. 217.60 218.40 0.80 4.1
220.80 222.00 1.20 0.5
272.90 274.00 1.10 1.3
285.50 304.50 PENDING
GWM20BL-102A 31.00 32.00 1.0 0.5
38.00 40.00 2.0 8.7
incl. 38.00 39.00 1.0 16.9
171.00 191.35 20.35 4.9
incl. 171.00 175.15 4.15 19.7
incl. 171.00 171.50 0.50 22.5
incl. 173.30 173.90 0.60 25.8
incl. 174.40 175.15 0.75 72.4
199.55 201.20 1.65 0.6
GWM20BL-104 61.30 63.50 2.20 12.2**
incl. 61.30 62.20 0.90 27.4**
70.50 73.00 2.50 1.3**
230.00 232.30 2.30 0.9**
incl. 231.65 232.30 0.65 2.1**
391.25 392.65 1.40 5.3
395.05 396.50 1.45 0.6
413.00 414.55 1.55 1.8
incl. 414.00 414.55 0.55 3.9
GWM20BL-105 25.00 26.00 1.00 1.6
149.00 155.65 6.65 2.8**
incl. 149.00 149.50 0.50 9.3**
incl. 150.40 150.90 0.50 10.1**
incl. 154.85 155.65 0.80 9.7**
Hole ID From
(m)
To
(m)
Intercept
(m)
Au
g/t
165.90 170.10 4.20 0.6**
216.00 217.00 1.00 21.7**
218.50 219.00 0.50 0.5**
249.00 250.50 1.50 1.3
350.00 351.50 1.50 4.1
GWM20BL-108 46.50 48.00 1.50 0.5
134.00 135.00 1.00 0.6
147.00 148.70 1.70 2.9
160.10 162.50 2.40 1.1
173.00 299.50 PENDING
304.00 305.00 1.00 0.8
316.00 317.50 1.50 1.9
317.50 346.00 PENDING
GWM20BL-110 29.00 33.50 4.50 2.2
158.00 161.00 3.00 0.6
178.00 179.00 1.00 1.2
228.50 231.00 2.50 0.7
277.00 278.00 1.00 0.5
282.50 283.00 0.50 0.6
288.00 289.00 1.00 0.6
354.00 355.90 1.90 0.6
GWM20BL-112 153.00 163.00 10.00 1.6
incl. 153.00 154.00 1.00 5.3
incl. 158.00 159.00 1.00 5.5
168.50 295.00 PENDING
298.00 308.00 10.00 0.8
incl. 306.50 307.30 0.80 3.4
312.00 354.00 PENDING
GWM20BL-115 26.00 82.50 PENDING
187.00 188.00 1.00 1.1
231.00 232.50 1.50 0.8
237.00 282.00 PENDING
285.70 286.40 0.70 2.4
294.00 310.00 PENDING
324.00 364.00 PENDING
383.00 386.00 3.00 3.0
390.00 416.00 PENDING
VG = visible gold. 0.42 g/t Au was used for the bottom cut-off; True widths are unknown if not noted; all VG samples are
done with metallic screen assays
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, Adrian, and Richard Zones.
Geology and Mineralization
The 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 Galwa y 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%.
Table 2: Drill Hole Coordinates
Hole ID Azimuth Dip Northing Easting Total Depth (m)
GEORGE MURPHY ZONE
GWM20CL-45 251 -59.5 5022203 654316 389
GWM20CL-46 240 -62.5 5022190 654243 365
GWM20CL-47 251 -45 5022265 654385 410
GWM20CL-50 352 -51 5022518 654321 399
GWM20CL-66A 252.1 -64 5022212 654315 371
GWM20CL-68C 262 -65 5022201 654317 341
GWM20CL-71 276 -64 5022201 654317 302
GWM20CL-76A 266 -71 5022195 654316 68
GWM20CL-84 340 -54 5022562 654368 327
GWM20BL-102A 104.8 -44 5022117 653906 210
GWM20BL-104 162 -46 5022114 653906 564
GWM20BL-105 116 -65 5022114 653903 420
GWM20BL-108 110 -61 5022116 653904 398
GWM20BL-110 100 -64 5022115 653901 402
GWM20BL-112 98 -45 5022115 653902 354
GWM20BL-115 92 -61 5022115 653901 417
For results of all holes that Galway has drilled at Clarence Stream, go to Galway’s website at www.galwaymetalsinc.com.
Figure 1: Plan Map of the Adrian, GMZ, Richard and Jubilee Zones
Figure 2: Plan Map of the George Murphy Zone
Figure 3: Longitudinal Section of the George Murphy Zone
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 follow ing 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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