Thick Gold Intercepts Continue at Clarence Stream: 2.1 g/t Au over 36.0m Including 3.0 g/t Au over 21.0m
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
1
NEWS RELEASE
Thick Gold Intercepts Continue at Clarence Stream: 2.1 g/t Au over
36.0m Including 3.0 g/t Au over 21.0m
(Toronto, Ontario, June 3, 2025) - Galway Metals Inc. (TSX-V: GWM); OTCQB: GAYMF) (the
"Company" or “Galway”) is pleased to report results from 8 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 has district-scale potential with approximately 65-kilometre
strike length of highly prospective gold showings and anomalies . The 2022 MRE includes 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 Hincliffe, President and CEO of Galway, commented, “Today’s results reinforce Clarence Stream’s
potential to host wide, high -grade gold mineralization beyond the current resource. Intercepts like 2.1
g/t over 36.0 meters underscore the quality and continuity of mineralization we’re targeting. With more
than 40 holes pending assays across multiple deposits and two rigs turning, we’re positioned for a
steady flow of results that can drive meaningful resource growth and demonstrate the scale of this gold
system. In addition to the Southwest Deposit, we are drilling shallow holes at the North Zone, where
we aim to increase the resource there by 200% to 300%.”
Highlights
• CL-222 intersected 2.1 g/t gold over 36.0 meters including 3.0 g/t gold over 21.0 meters.
• Additional intercept of 3.5 g/t gold over 10.0 meters including 20.6 g/t over 1.0 meters
(Cross-Section)
• CL-223 intersected 2.8 g/t gold over 13.5 meters including 13.1 g/t over 1.5 meters
• CL-219 intersected 2.8 g/t gold over 5.5 meters including 10.9 g/t gold over 1.0 meters.
• Additional intercept of 0.8 g/t gold over 21 meters.
Drill Results Confirm Structural Controls on Gold Mineralization
Drill holes CL -222 and CL -223 (Plan Map) confirm Galway is targeting a fold structure north of the
Southwest Deposit, in an area not yet included in the 2022 Mineral Resource Estimate. This structural
zone presents strong potential to host additional thick, high-grade gold mineralization both along strike
and at depth. To further test this interpretation, Galway plans to extend drill holes CL -190 and CL-187
into the western limb. All intercepts reporte d (Assay and Coordinate Table) in this release lie outside
the current resource and remain open for expansion.
Steady Pipeline of Results Expected from Southwest and North Deposits
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
2
Galway currently has assays pending from 15 additional drill holes at the Southwest Deposit and 32
more from the North Deposit. These results are expected to be released in the coming months and
will provide important insight into the scale and continuity of gold mineralization across key deposits
at Clarence Stream. With drilling ongoing, Galway remains well-positioned to deliver steady news and
drive resource growth across the project.
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 2024.
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
Galway Metals Inc.
82 Richmond Street East, Toronto, Ontario, M5C 1P1
TSXV – GWM
OTCQB – GAYMF
3
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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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” 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
industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company,
including but not limited to the effects of COVID-19 on the price of commodities, capital market
conditions, restrictions on labour and international travel and supply chains, and those risks set out in
the Company’s public documents filed on SEDAR. 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.