Galway Metals Inc. , is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of underwriters , in connection with a bought deal private placement financing for total proceeds of $8 million, consisting of 6,666,700 common shares of the Company that qualify as "flow-through shares" of the Income Tax Act ) at a price of $0.60 per FT Share and 9,411,800 common shares of [...]
Open Pit Constrained Gold Resource Indicated: 886,000 Ounces at 2.27 g/t Au Inferred: 731,000 Ounces at 1.93 g/t Au Additional Underground Gold Resource Indicated: 36,000 Ounces at 4.10 g/t Au Inferred: 603,000 Ounces at 4.50 g/t Au Galway Metals Inc. is pleased to report an updated Mineral Resource statement disclosed in accordance with NI43-101 standards, prepared by SLR Consulting Ltd. on its Clarence Stream property [...]
Galway Metals Inc. is pleased to report results from numerous drill holes around the Richard Zone at the Company's Clarence Stream gold project in southwest New Brunswick, Canada . Initially, following discovery of Richard, the 1.0 km gap to Jubilee was drilled off every 100 metres, which resulted in joining up the 2 zones. Subsequent drilling every 50m followed the zone toward surface and to depth, and corroborated very [...]
Galway Metals Inc. is pleased to report drill results that expand the George Murphy Zone in multiple directions, and the connecting of the GMZ to the Adrian Zone and the GMZ to the Richard Zone, which was previously connected to the Jubilee Zone. As such, all four zones that Galway has focused its drilling on during the past four years at the Company's Clarence Stream gold project in southwest New Brunswick, Canada, have [...]
Galway Metals Inc. is pleased to announce new drill results and an update on its 100%-owned, approximately 20,000-hectare Estrades zinc-gold property in the Abitibi of western Quebec. Breakwater Resources Ltd. spent CDN$20 million in 1990 developing Estrades, including the installation of a 200-metre deep by 150-metre along strike decline, a ventilation raise and associated infrastructure. Production in 1990-91 totalled [...]
Galway Metals Inc. is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company recently reported a 50% strike length expansion. Significant potential exists to be able to combine the GMZ with the Adrian and Richard Zones at its Clarence Stream property in southwest New Brunswick, Canada. Adrian Zone Highlights: The wide vein within the Adrian Zone was [...]
Galway Metals Inc. is pleased to report full and partial assay results from numerous drill holes in the center of, and along either side of, the remaining 400m gap between the Richard and George Murphy Zones at the Company's Clarence Stream gold project in southwest New Brunswick, Canada . Highlights in the Centre of the 400m Gap Include: Hole 189: 1.3 grams per tonne Au over 41.15 metres , including 9.3 g/t Au over 1.0m [...]
Galway Metals Inc. is pleased to report that it has begun drilling on the Oak Bay property that was optioned in July, 2020 . Mineralization at Oak Bay and neighbouring Lily Hill consists of arsenopyrite-rich quartz veining in altered, silicified gabbro dykes in contact with sediments, both of which are mineralized - a similar geological setting to the South Zone. The South Zone is located 19 km to the east of Oak Bay and [...]
Galway Metals Inc. is pleased to report drill results that expand the Adrian Zone in the central gap area to the east, and the overall zone to the SE, and additional results within the eastern portion of the George Murphy Zone where the Company recently reported a 50% expansion at its Clarence Stream property in southwest New Brunswick, Canada. Adrian Zone: expanded 44m east in the central part of the deposit with partial [...]
Galway Metals Inc. is pleased to announce some results from its 2021 drill program at its Estrades property in the Northern Abitibi. The Estrades project was previously mined via a 200-metre-deep ramp, with production in 1990-91 totaling 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu and 172.3 g/t Ag. Recent drilling at the former high-grade mine mainly targeted zones open to depth that are high in copper grades and [...]
Galway Metals Inc. , is pleased to announce that Rafael Solis has agreed to join its Board of Directors and will serve as the Vice President of Finance. Mr. Solis brings to the Company extensive equity capital markets experience accumulated over 20 years in the financial industry. The Company is also pleased to announce it has begun trading on the OTCQB® Venture Market , a U.S. trading platform operated by the OTC Markets [...]
Galway Metals Inc. is pleased to report expansions in three areas at its Clarence Stream property in southwest New Brunswick, Canada, as follows: New Discovery Area : follow-up to discovery hole CL-72 that intersected 4.8 g/t Au over 3.1m with new hole CL-111, which returned 4.1 g/t Au over 10.25m . This area is located 900m NW of the Adrian Zone George Murphy Zone : expanded by 50% along strike to over 1.1km with 1.7 g/t [...]
