Toronto, Ontario, February 16, 2021) – Galway Metals Inc. (TSX-V: GWM) (the “Company” or “Galway”) is pleased to report new drill results from holes in the western and northern extensions of the George Murphy Zone (GMZ) at the Clarence Stream Gold Project in SW New Brunswick (Figure 1, Figure 2, and Figure 3).

Results to the west follow-up on previously-released drill hole 88 that extended the zone 230m to the west and that returned three areas of visible gold with intersections of 6.5 g/t Au over 14.05 m, 9.7 g/t Au over 2.0m, and 1.2 g/t Au over 11.0m. Highlight results from follow-up holes in this west area returned 23.0 g/t Au over 7.4m in hole CL-47, 19.7 g/t Au over 4.2m within a broader structure that assayed 4.9 g/t Au over 20.35m plus 8.7 g/t Au over 2.0m in hole BL-102A, and intersects of 0.64 g/t Au over 47.0m, 1.3 g/t Au over 24.05m, 3.6 g/t Au over 8.0m and 2.7 g/t Au over 9.7m in hole CL-66A.

Veins to the north of the GMZ (first reported on February 13, 2020) are suddenly suggesting wide, high-grade content with the intersections of 20.2 g/t Au over 7.0m within a broader structure that assayed 4.8 g/t Au over 34.0m, plus 1.3 g/t Au over 9.5m in hole CL-50. Hole CL-84, drilled 35m to the east of hole CL-50, intersected significant visible gold (VG) (see Photos); assays are pending. The GMZ remains open for expansion in all directions; all zones at Clarence Stream remain open for expansion in all directions.

“Galway is really pleased with how all zones are expanding with nice widths and grades. The Company is following up on these and other results ahead of the release this summer of the Clarence Stream mineral resource update. With 6 rigs turning, and with a 7th on the way, Galway can complete in 6-months what took 3-years when we had just 1 rig at Clarence Stream. A similar situation exists at Estrades where Galway is drilling with 3 rigs vs just 1 in all previous programs. With 9 rigs currently turning, and a 10th on the way, Galway will be making a lot of news,” cites Robert Hinchcliffe, President and CEO of Galway Metals.

New GMZ North Assay Highlights
•CL20-50: 4.8 grams per tonne (g/t) Au over 34.0 metres (m), including 20.2 g/t Au over 7.0m, which includes 8.9 g/t Au over 2.0m, 198.0 g/t Au over 0.5m, and 21.6 g/t Au over 1.0m, plus 1.3 g/t Au over 9.5m, starting at respective vertical depths of 186m and 101m below surface
•CL21-84: Significant VG present at 192m below surface, located 35m east of hole CL20-50.

New GMZ West Assay Highlights
•BL20-102A: 4.9 g/t Au over 20.35m, including 19.7 g/t Au over 4.2m, which includes 22.5 g/t Au over 0.5m, 25.8 g/t Au over 0.6m, and 72.4 g/t Au over 0.75m, plus 8.7 g/t Au over 2.0m, including 16.9 g/t Au over 1.0m, starting at respective vertical depths of 116m and 27m below surface
•CL20-47: 23.0 g/t Au over 7.4m, including 88.1 g/t Au over 0.5m, 42.9 g/t Au over 0.5m, and 58.5 g/t Au over 1.5m, and including 0.5m giving “0” for a pending assay, starting at a vertical depth of 174m below surface
•CL20-66A: 0.64 g/t Au over 47.0m, including 1.6 g/t Au over 1.0m, 2.1 g/t Au over 0.75m, and 8.8 g/t Au over 1.0m, plus 1.3 g/t Au over 24.05m, including 3.2 g/t Au over 0.9m, and 14.2 g/t Au over 0.8m, plus 3.6 g/t Au over 8.0m, including 30.1 g/t Au over 0.5m, and 12.8 g/t Au over 0.5m, plus 2.7 g/t Au over 9.7m, including 26.5 g/t Au over 0.5m, starting at respective vertical depths of 167m, 229m, 287m, and 123m below surface
•CL20-45: 1.3 g/t Au over 6.85m, including 3.0 g/t Au over 0.5m, starting at a vertical depth of 210m below surface
•CL20-76A: 1.8 g/t Au over 7.6m, including 12.5 g/t Au over 0.75m and 4.1 g/t Au over 0.8m, starting at a vertical depth of 198m below surface
•BL20-112: 1.6 g/t Au over 10.0m, including 5.3 g/t Au over 1.0m and 5.5 g/t Au over 1.0m, starting at a vertical depth of 113m below surface

Drilling to the West at GMZ is Filling in a 192m Sub-Vertical Gap

The intersections in holes CL-45, 47, 66A, and 76A are located within a 192-metre sub-vertical gap on the west side of the GMZ between an intersection of 6.5 g/t over 14.05m (hole CL-88) and an intersection of 1.6 g/t over 14.0m (hole CL-35). These two intersections are located 317m and 178m below surface, respectively. The intersection of 23.0 g/t Au over 7.4m is located 164m up-plunge from the 6.5 g/t over 14.05m. The intersection of 4.9 g/t Au over 20.35m in hole BL-102A, also on the west side of the GMZ, is on a vein further north than the ones discussed above. It is also 28m west of a previously-released intersection of 2.1 g/t Au over 38.75m in hole BL-99, which is thought to correlate with the intersection of 1.2 g/t Au over 11.0m in hole BL-88 (located 111 metres below it). The 2.7 g/t Au over 9.7m intersection in hole CL-66A, at a vertical depth of 123m, is the deepest intersection to date for the southern-most known vein, and is 76m below previously-released 2.1 g/t Au over 15.7m (CL18-34). This southern vein appears to be dipping flatter than the other veins. Between the two previously-known veins in hole 66A (2.7 g/t Au over 9.7m and 3.6 g/t Au over 8.0m) are intersections of 0.64 g/t Au over 47.0m, and 1.3 g/t Au over 24.05m, which are new and which also appear to be dipping flatter than the other veins to the north.

The GMZ, Richard and Jubilee are Part of the Same 2.5 km Long System

Galway’s George Murphy Zone discovery was initially reported in December 2017, but drilling stopped a year later following the discovery of the Richard Zone, which was first reported in January 2019. Drilling at the GMZ resumed a year later in mid-November 2019. The plunge of all zones to date in the Jubilee, Richard, and GMZ are thought to be to the west and are part of the same 2.5 km long system. The GMZ is 765m long to date, with multiple structures over 310m wide, and with all zones open in every direction.

The GMZ, Jubilee, Adrian, and Richard Zones have been discovered (or drilled) by Galway after the last resource estimate was released in September 2017. The discovery of these zones, and their subsequent expansions, demonstrate that Clarence Stream is an emerging new gold district in North America.

Table 1. Assay Results

Hole ID From (m) To (m) Intercept (m) Au g/t
GWM20CL-47 115.00 258.60 PENDING
258.60 266.00 7.40 23.0
incl. 258.60 259.10 0.50 88.1
incl. 260.10 260.60 0.50 42.9
260.60 261.10 0.50 PENDING (used 0)
incl. 261.10 262.60 1.50 58.5
266.00 308.80 PENDING
348.00 383.50 PENDING
403.50 407.00 PENDING
GWM20CL-50 102.00 103.50 1.50 0.5
125.00 134.50 9.50 1.3
159.00 161.00 2.00 1.6
179.00 180.00 1.00 0.6
191.00 193.00 2.00 0.7
205.00 206.00 1.00 0.9
216.00 250.00 34.00 4.8
incl. 235.00 242.00 7.00 20.2
incl. 235.00 237.00 2.00 8.9
incl. 237.80 238.30 0.50 198.0
incl. 241.00 242.00 1.00 21.6
GWM20CL-66A 137.00 146.70 9.70 2.7
incl. 143.70 144.20 0.50 26.5**
188.00 235.00 47.00 0.64
incl. 188.00 189.00 1.00 1.6
incl. 198.15 198.90 0.75 2.1
incl. 200.40 201.00 0.60 1.5VG**
incl. 234.00 235.00 1.00 8.8
237.90 253.35 PENDING
255.65 279.70 24.05 1.3
incl. 260.10 261.00 0.90 3.2
incl. 264.00 264.80 0.80 14.2
322.70 333.60 10.90 0.42
incl. 322.70 323.65 0.95 2.3**
333.60 341.60 8.00 3.6**
incl. 340.60 341.10 0.50 30.1VG**
incl. 341.10 341.60 0.50 12.8**
GWM20CL-45 221.55 222.05 0.50 1.9
230.00 232.30 2.30 0.5
240.35 241.35 1.00 0.5
244.80 251.65 6.85 1.3
incl. 247.70 248.20 0.50 3.0
311.00 314.00 3.00 0.6
373.30 387.95 PENDING
GWM20CL-46 159.00 159.65 0.65 0.8
192.00 193.40 1.40 1.7
262.25 263.50 1.25 1.3
321.15 358.00 PENDING
GWM20CL-68C 230.50 232.00 1.50 1.2
235.00 235.50 0.50 2.8
279.00 282.50 3.50 0.8
GWM20CL-71 254.45 256.10 1.65 4.0
271.00 272.50 1.50 0.7
297.70 298.50 0.80 2.4
GWM20CL-76A 203.00 204.00 1.00 0.5
210.80 218.40 7.60 1.8
incl. 210.80 211.55 0.75 12.5
incl. 217.60 218.40 0.80 4.1
220.80 222.00 1.20 0.5
272.90 274.00 1.10 1.3
285.50 304.50 PENDING
GWM20BL-102A 31.00 32.00 1.0 0.5
see & read more on
https://galwaymetalsinc.com/2021/02/galway-metals-intersects-4-8-g-t-au-over-34-0m-23-0-g-t-au-over-7-4m-4-9-g-t-au-over-20-35m-at-clarence-stream/