Galway Metals Inc. Drills Deeper, Expanding Southwest Deposit with High-Grade Gold Finds

Galway Metals Inc., based in Toronto, has reported significant gold finds from its diamond drilling program at the Clarence Stream project's Southwest Deposit in New Brunswick, Canada. The project, entirely owned by Galway, showcases high-grade gold deposits open in all directions for further expansion. The company is optimistic about its 2024 outlook, especially with the current high gold prices.

The recent drilling results have notably expanded the Southwest Deposit. Drill hole BL-251 revealed a high-grade gold intercept of 114.1 grams per tonne (g/t) over 2 metres, including an exceptional section of 447.0 g/t gold over 0.5 metres, extending the deposit 106 metres at depth. Additionally, other drilled sections indicated the presence of gold closer to the surface, with intersections such as 0.94 g/t gold over 6.5 metres and 0.53 g/t gold over 10 metres.

These findings are part of Galway's exploration efforts outside the area included in the 2022 Mineral Resource Estimate, suggesting the Clarence Stream project's significant potential for further discoveries. The deposits are characterized by quartz-vein hosted gold within intrusive and metasedimentary rocks, located near major fault zones, which are promising features for gold mineralization.

Galway Metals has also acknowledged support from the New Brunswick Junior Mining Assistance Program, aiding in the exploration and development of the Southwest Deposit. The company's continued success in identifying high-grade gold intercepts reinforces the Clarence Stream project's status as an emerging gold district with considerable exploration potential.