Galway Metals Inc. is pleased to announce the drilling results from the Oak Bay property, situated 14 kilometres southwest of the current Clarence Stream Gold Resource. The Company is also pleased to announce its exploration priorities for its winter drilling program. The Clarence Stream gold project has a district scale strike length of 65 kilometres, is open in all directions and remains largely unexplored, and has [...]
Galway Metals Inc. , is pleased to announce an update on recent insider purchases, through a series of transactions conducted through the facilities of the TSX Venture Exchange. Robert Hinchcliffe, President, CEO and Director, acquired an aggregate 1,664,000 common shares of the Company in the current calendar year. As a result, Mr. Hinchcliffe now owns a total of 6,720,746 common shares of Galway Metals, representing [...]
Galway Metals Inc. is pleased to report drill results that expand the SW Deposit to the east at the George Murphy Zone , and outside of the resource, at the Clarence Stream gold project in southwest New Brunswick, Canada . Assay results for metallurgical holes drilled at the SW Deposit have been received as well . Drill results from the SW deposit west end will be released in the coming weeks. Quote from the Company "The [...]
Galway Metals Inc. is pleased to give an update on corporate activities at the flagship Clarence Stream property in New Brunswick, Canada. Galway Metals also has the Estrades gold/ base-metal project in Quebec, Canada. Galway released an updated Mineral Resource for Clarence Stream in an April 25, 2022 press release . This represented a more than doubling of Measured and Indicated, and quadrupling Inferred gold resources [...]
Galway Metals Inc. is pleased to report the expansion of mineralization in multiple locations within the Triangle Area -which includes the recently-discovered Stewart Zone- at Clarence Stream as highlighted as exploration target #1 in Figure 1 . The significance of these intersects is: That the 900 metre gap between the Stewart Zone and the SW Deposit has returned intersections all along it , that mineralization has been [...]
Galway Metals Inc. is pleased to announce assay results from 9 diamond drill holes from the South Deposit at its Clarence Stream gold property located in south-western New Brunswick, Canada, and that drilling recommenced at the SW Deposit in early June. This drilling is designed to follow up on the resource block models where they are open towards surface within the pits where no drilling has taken place to date [...]
Galway Metals Inc. is pleased to announce that it intends to settle the fourth of six payments due in consideration of an agreement previously announced on July 21, 2020 by the cash payment of $125,000 and the issuance of 1,056,338 common shares in the Capital of the Company at a deemed price equal to $0.355 per Share for a total deemed price of $375,000. Pursuant to the Agreement, the Company bought back a two percent [...]
Galway Metals Inc. is pleased to announce that it has closed the previously announced best efforts private placement offering for aggregate gross proceeds of approximately $4.0 million consisting of the sale 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. The Offering was carried out by Paradigm Capital Inc. as lead agent, and [...]
Galway Metals Inc. , provides an update on personnel and corporate activities. Galway is pleased that Allan Moran has agreed to join the Company as a technical advisor. Galway would like to thank Larry Strauss, who has resigned as VP of Corporate Development but remains a Director of the Company. Metallurgical programs have been planned and are being executed for both the Clarence Stream and Estrades projects. "After [...]
Galway Metals Inc. , is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. on behalf of a syndicate of agents , in connection with a best efforts private placement financing for total proceeds of up to $4 million, consisting of up to 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. The Agent will be paid [...]
Galway Metals Inc. ; is pleased to announce that at the Company's Annual General and Special meeting held on December 14, 2022, the shareholders of the Company adopted the Company's amended equity incentive plan which has a 10% rolling stock option component reserving an aggregate of 20,154,942 shares for issuance as of the date of the Meeting. Because the Company consolidated its common shares on the basis of one [...]
Galway Metals Inc. ; is pleased to report new drill results from the North Zone of its high grade, multi-million-ounce Clarence Stream Gold Project in SW New Brunswick, Canada. The new results expand on known gold mineralization outside the North Zone's pit shell boundaries in two key areas. The pit shells were defined in the N.I. 43-101 Resource Update titled "Technical Report on the Clarence Stream Mineral Resource [...]