Galway Metals Reports High-Grade Gold Intercepts at Clarence Stream: 4.1 g/t Au Over 16m, Including 41.9 g/t Over 1.0m at Southwest Deposit
Galway Metals Reports High-Grade Gold Intercepts
at Clarence Stream: 4.1 g/t Au Over 16m, Including
41.9 g/t Over 1.0m at Southwest Deposit
TORONTO, ON / ACCESS Newswire / September 23, 2025 / Galway Metals Inc.
(TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results
for 6 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 host district-scale potential, with 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.
Rob Hinchcliffe, President and CEO of Galway, commented, "The high-grade, shallow
intercepts from recent drilling at the Southwest Deposit are significant as they demonstrate
continuity of gold within our modeled pits and support the conversion of inferred to
indicated resources. Importantly, intercepts outside of the existing pit shells highlight the
opportunity to expand the deposit into a much larger resource. With results pending from
42 holes at the North and Southwest deposits and three rigs actively turning, we anticipate
steady news flow in the coming months as we continue to grow Clarence Stream's
resource base. "
Highlights (Plan Map)
• CL-229 intersected 4.1 g/t gold over 16.0m including 41.9 g/t gold over 1.0m (26
vertical meters from surface) and 0.7 g/t gold over 17.0m (Section 1)
• CL-228 intersected 1.8 g/t gold over 7.0m (16 vertical meters from surface) and 1.2
g/t gold over 9.0m and 0.7 g/t gold over 10.0m
• CL-225 intersected 1.2 g/t gold over 10.0m including 2.7 g/t gold over 3.0m and 3.3
g/t gold over 3.0m. (Section 2)
• Additional pending assays for 21 additional Southwest Deposit holes and 21 North
Deposit Holes
High-Grade Gold Results Connect Mineralization within Southwest Deposit
The drill holes in this release were designed to expand and connect mineralization within
the largest pit shell at the Southwest Deposit. CL-225 intersected a wide envelope of
mineralization just outside the existing pit, highlighting the potential to extend the resource
further north. CL-229 delivered a strong shallow intercept of 4.1 g/t Au over 16.0m,
including 41.9 g/t Au over 1.0m, as well as a broad lower-grade zone of 0.7 g/t Au over
17.0m immediately below the pit shell. The other holes in this release successfully filled
gaps in the block model, improving continuity of mineralization. Assays are pending for 21
additional Southwest Deposit holes and 21 North Deposit holes, which are expected to
provide important updates in the coming months. For a more comprehensive list of
Southwest Deposit assays, please click the following link, Assay and Coordinate Table.
Geology and Mineralization
The Clarence Stream deposits can be characterized as intrusion-related, structurally
controlled, quartz-vein hosted gold deposits. These deposits consist of quartz veins and
quartz stockwork within brittle-ductile fault zones that include adjacent crushed, altered
wall rocks and veinlet material. The mineralized systems are hosted in intrusive and
metasedimentary rocks within high strain zones controlled by regional fault systems.
Pyrite, base metal sulphides, and stibnite occur in these deposits along with anomalous
concentrations of bismuth, arsenic, antimony and tungsten. Alteration in the host rocks is
confined within a few metres of quartz veins and occurs mainly in the form of sericitization
and chloritization. A more complete description of Clarence Stream's geology and
mineralization can be found at www.galwaymetalsinc.com.
New Brunswick Junior Mining Assistance Program
Galway would like to acknowledge financial support from the New Brunswick Junior Mining
Assistance Program, which will contribute up to $50,000 towards exploration drilling in
2025.
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 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 also has 100%-ownership in the Estrades project, a former
producing high-grade, gold-rich polymetallic VMS mine in the northern Abitibi of western
Quebec. 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
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SOURCE: Galway Metals Inc.