Galway Metals Intersects 8.6 g/t Gold Over 15.0m Including 110.0 g/t over 1.0m at Southwest Deposit
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
1
NEWS RELEASE
Galway Metals Intersects 8.6 g/t Gold Over 15.0m Including 110.0 g/t
over 1.0m at Southwest Deposit
(Toronto, Ontario, March 19, 2026) - Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the
"Company" or “Galway”) is pleased to report drill results for 9 diamond drill holes at the Southwest
Deposit in the Company’s 100% -owned flagship Clarence Stream high -grade gold project in New
Brunswick, Canada. The Clarence Stream Gold Project hosts district-scale potential , with an
approximately 65-kilometre strike length of highly prospective gold showings and anomalies ; and a
2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz., and 16.0 Mt @ 2.6 g/t Au Inferred for
1.334 M oz. gold from the NI 43 -101 technical report titled “Technical Report on the Clarence Stream
Mineral Resource Project, New Brunswick, Canada” dated March 31, 2022, by SLR Consulting Ltd.
“Drilling at the Southwest Deposit continues to highlight the strong continuity of gold mineralization
across the Clarence Stream Project,” stated Rob Hinchcliffe, President and CEO of Galway Metals.
“These results extend high-grade mineralization closer to surface and are expected to contribute to our
upcoming updated Mineral Resource Estimate scheduled for Q2 2026. With numerous holes still
pending assays across the Southwest, North, and South Deposits, we anticipate a steady flow of results
as we continue advancing Clarence Stream toward a larger and higher-confidence resource.”
Highlights (Plan Map)
• BL-308: 8.6 g/t Au over 15.0m, including 110.0 g/t Au over 1.0m
• BL-309: 1.8 g/t Au over 17.0m, including 18.3 g/t over 1.0m, starting 24.0 meters from surface
• BL-310: 0.8 g/t Au over 26.0m, starting 8.0 meters from surface
• BL-269: 7.3 g/t Au over 2.0m, including 14.1 g/t Au over 1.0m
Drilling Continues to Extend Near-Surface Gold Mineralization at Southwest Deposit
The nine drill holes reported are in the southwestern portion of the Southwest Deposit (Richard
Zone). Drilling was designed to fill gaps within existing resource pit shells and extend mineralization
toward surface.
On Section 1, drill hole BL-308 returned 8.6 g/t Au over 15.0m, including 110.0 g/t Au over 1.0m, 50
vertical metres from surface, extending high-grade mineralization significantly closer to surface.
Further northeast along strike, drill holes BL-309 and BL-310, located 110m and 130m from BL-308,
intersected additional near-surface mineralization, including 1.8 g/t Au over 17.0m and 0.8 g/t Au over
26.0m, respectively. These intercepts are illustrated on Section 2, where mineralization begins within
the first 25 metres from surface.
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
2
Another 230m to the northeast, drill holes BL-268 and BL-269 intersected mineralization linking with
intercepts further north, returning 1.3 g/t Au over 3.0m and 7.3 g/t Au over 2.0m, respectively. A step-
back hole is planned approximately 25 metres behind BL-268 to test the potential continuation of the
steeper high-grade mineralization, as shown on Section 3.
There are currently 37 drill holes from the Southwest Deposit with pending assays, including 28 holes
located near the drill results reported in this release. Additionally, 17 holes from the South Deposit
and 34 holes from the North Deposit remain pending assays.
For a complete list of Southwest Deposit assays reported in this press release, please refer to the
Assay and Coordinate Table.
Geology and Mineralization
The Clarence Stream deposits are characterized as intrusion-related, structurally controlled, quartz-
vein hosted gold systems. Mineralization consists of quartz veins and quartz stockwork developed
within brittle-ductile fault zones, accompanied by crushed and altered wall rock and veinlet material.
The mineralized systems occur in intrusive and metasedimentary rocks within high-strain zones
controlled by regional fault systems. Mineralization is typically associated with pyrite, base-metal
sulphides, and stibnite, along with anomalous concentrations of bismuth, arsenic, antimony, and
tungsten.
Alteration within host rocks is typically confined to a few metres surrounding quartz veins and is
characterized primarily by sericitization and chloritization.
A more detailed description of the Clarence Stream geology and mineralization is available at
www.galwaymetalsinc.com.
Review by Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Jesse Fisher, P.Geo., Project Manager for Clarence Stream and a Qualified Person as defined by
National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the
technical information and data presented. Galway Metals conducts its exploration activities in
accordance with CIM Best Practices Guidelines.
Quality Control and Reports
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, ON P4P 7C3, and/or
Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All
core is under watch from the drill site to the core processing facility. Drill core is NQ size and sample
intervals range from 0.5 meters to 1.5 meters in length. 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
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
3
averaged 99%.
About Galway Metals Inc.
Galway Metals is a Canadian mineral exploration and development company focused on advancing its
100%-owned, high-grade, open-pitable flagship Clarence Stream gold project in southwest New
Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of
approximately 65 kilometres and widths of up to 28 kilometres in certain areas. Galway Metals holds a
90% participating interest in the Estrades Project, a former producing high-grade, gold-rich polymetallic
VMS mine in the northern Abitibi of western Québec. DOWA METALS & MINING CO., LTD. (“DOWA”)
holds a 10% participating interest pursuant to the previously announced Option and Joint Venture Term
Sheet under which DOWA may earn up to a 45% interest in the Project. Led by a management team
with a proven track-record of creating shareholder value having sold Galway Resources for US$340
million, Galway Metals is focused on creating value for all its stakeholders.
For additional Information on Galway Metals Inc., Please contact:
Robert Hinchcliffe President & Chief Executive Officer
Telephone: 1-800-771-0680
Email: [email protected]
Website: www.galwaymetalsinc.com
Look us up on Facebook, Twitter or LinkedIn
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this
news release. No stock exchange, securities commission or other regulatory authority has approved or
disapproved the information contained herein.
This News Release includes certain “forward-looking statements” and “forward-looking information”
which are not comprised of historical facts. Forward-looking statements include estimates and
statements that describe the Company’s future plans, objectives or goals, including words to the effect
that the Company or management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”,
“could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently available to the Company, the Company
provides no assurance that actual results will meet management’s expectations. Risks, uncertainties
and other factors involved with forward-looking information could cause actual events, results,
performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, information with respect to the OTCQB listing, DTC
eligibility, and broadening U.S. institutional and retail investors.
Factors that could cause actual results to differ materially from such forward-looking information
include, but are not limited to changes in economic conditions or financial markets, political and
competitive developments, operation or exploration difficulties, changes in equity markets, changes in
exchange rates, fluctuations in commodity prices capital, operating and reclamation costs varying
significantly from estimates and the other risks involved in the mineral exploration and development,
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
4
and those risks set out in the Company’s public documents filed on SEDAR+ at sedarplus.ca. Although
the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information,
future events or otherwise, other than as required by law.