Galway Metals Inc. is pleased to report that it has optioned 5 claim groups consisting of a total of 79 claim units at the Clarence Stream Gold Project in SW New Brunswick . Highlights include: Mineralization at Oak Bay and Lily Hill consists of arsenopyrite-rich quartz veining in altered, silicified gabbro dykes in contact with sediments - a similar setting to the South Zone that currently hosts most of the resource. Oak [...]
Galway Metals Inc. is pleased to report that the previously-reported intersect of a 14.4 metre massive quartz vein containing 29 splashes of Visible Gold in hole CL20-65 returned 13.4 g/t Au over 12.95m. This hole is the first in a newly drilled area, located 320 metres NE of a previously-reported new vein intersection of 11.4 g/t Au over 2.0m, including 43.5 g/t Au over 0.5m in hole CL20-58. The intersection in hole 58 [...]
Galway Metals Inc. is pleased to report that hole CL20-65 contains abundant Visible Gold in a new massive quartz vein that is 14.4 metres in core length, located 320 metres NE of a previously-reported new vein intersection of 11.4 g/t Au over 2.0m, including 43.5 g/t Au over 0.5m in hole CL20-58. The intersection in hole 58 had been discovered 75 metres north of the George Murphy Zone at the Clarence Stream Gold Project [...]
Galway Metals Inc. is pleased to announce that it has entered into an agreement dated July 27, 2020 with an arm's length third party royalty holder to buy back a one percent net smelter returns royalty covering certain mineral claims at the Company's Clarence Stream property in southwest New Brunswick . This is a separate royalty and is in addition to the royalty purchase announced on July 21, 2020. The mineral claims [...]
Galway Metals Inc. is pleased to report assay results from drilling on the west side of the Richard Zone at the Company's Clarence Stream project in southwest New Brunswick, Canada . The latest results are highlighted by: Hole 106 intersected 54.7 grams per tonne Au over 2.5 metres , including 191.0 g/t Au over 0.5m Visible Gold , plus VG at 200.45m starting at vertical depths of 86m and 196m below surface [...]
Galway Metals is pleased to announce that it has closed the previously announced "best efforts" offering for aggregate gross proceeds of $17.35 million, consisting of 17,877,300 common shares of the Company that qualify as "flow-through shares" of the Income Tax Act at a price of $0.635 per FT Share, and 13,636,400 common shares of the Company at a price of $0.44 per Offered Share. The Offering was carried out by a [...]
Galway Metals Inc. is pleased to report assay results from wildcat exploration drilling located 950m SW and along strike of the western-most intersection of the Jubilee Zone at the Company's Clarence Stream project in southwest New Brunswick, Canada. That intersection had returned 1.9 grams per tonne Au over 43.3 metres , including 21.2 g/t Au over 2.35m), starting at a vertical depth of 36m below surface . The new [...]
Galway Metals Inc. , is pleased to report that in connection with its previously announced best efforts private placement offering, the Company and a syndicate of underwriters led by Paradigm Capital Inc. , and including Laurentian Bank Securities Inc. , have agreed to increase the size of the offering to total gross proceeds of $17.35 million. The Company will now issue up to 17,877,300 common shares of the Company that [...]
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, including Laurentian Bank Securities Inc. , in connection with a proposed best efforts private placement financing for total proceeds of up to $12.25 million, consisting of up to 11,417,400 common shares of the Company that qualify as charity "flow-through shares" of the Income [...]
Galway Metals Inc. is pleased to report assay results from drilling on the western-most section of the Richard Zone at the Company's Clarence Stream project in southwest New Brunswick, Canada . These are located 76m and 34m above the previously reported intersection of 2.4 g/t Au over 30.0m, and 178m west and along the same vein as the previously reported intersection of 10.6 g/t Au over 47.0m. The latest results are [...]
Galway Metals Inc. is pleased to announce that it has awarded 1.3 million incentive stock options exercisable at C$0.415 per common share and expiring on May 21, 2030, to officers, directors, employees and consultants of the Company. This grant of options is in compliance with terms of the Company's Stock Option Plan and remains subject to acceptance by the TSX Venture Exchange. About the Company Galway Metals is well [...]
Galway Metals Inc. is pleased to report assay results from resource drilling at the Richard Zone, and additional assay results from previous step-out holes 78 and 93, located between the Richard and Jubilee Zones, at the Company's Clarence Stream project in southwest New Brunswick, Canada . Highlights are as follows: Hole 84: intersected 4.6 g/t Au over 13.0m. This intersection is located 92m down-plunge and west of, and [...]