The new results expand on known gold mineralization outside the
Summary of Drill Results: Extensions Between the North and Middle Pits
Hole GWM22CS-390: 4.3 g/t Au over 9.0m, including 57.3 g/t Au over 0.5m (Visible Gold - (VG)), starting at 35m from surface
Hole GWM22CS-378: 6.1 g/t Au over 5.0m, including 16.6 g/t Au over 1.0m, starting at 54m from surface is just on the edge of the resource
Hole GWM22CS-388: 12.4 g/t Au over 1.5m, including 32.4 g/t Au over 0.5m, starting at 43m from surface
Hole GWM22CS-391: 18.0 g/t Au over 0.5m (VG), starting at 35m from surface
Hole GWM22CS-387: 6.4 g/t Au over 1.1m (VG), starting at 74m from surface
Hole GWM22CS-382: 0.7 g/t Au over 11.5m, including 2.6 g/t Au over 0.7m, plus 0.8 g/t Au over 4.0m, starting at 88m and 112m, respectively, from surface
Extensions to the East of the
Hole GWM22CS-392: 2.2 g/t Au over 6.0m, including 8.1 g/t Au over 0.6m, plus 1.1 g/t Au over 3.6m, starting at 25m and 36m, respectively, from surface
Hole GWM22CS-386: 1.8 g/t Au over 6.0m, plus 1.7 g/t Au over 0.5m, starting at 25m and 58m, respectively, from surface
Hole GWM22CS-384: 1.4 g/t Au over 3.0m, including 3.1 g/t Au over 0.9m, starting at 16m from surface
Expansions Between the
The intersection of 4.3 g/t Au over 9.0m in hole 390 is located 159 metres south of the closest hole in the resource from the northern-most (bowl-shaped) pit. It is located 68 metres NE of a previously reported intercept that contained 2.8 g/t Au over 14.0 metres, including 56.2 g/t Au over 0.6 metres (
The intersection of 6.4 g/t Au over 1.1m in hole 387is located 113 metres NE from the 4.3 g/t Au over 9.0m in hole 390, and both of these are outside the current resource area. Hole 385, which did not return significant values, is 115m downdip of the intercept in hole 387.
Expansions to the NE of the
The intersection of 2.2 g/t Au over 6.0m, including 8.1 g/t Au over 0.6m in hole 392, constitutes the furthest northeast intersection to date for the
The intersections of 1.8 g/t Au over 6.0m in hole 386 and1.4 g/t Au over 3.0m in hole 384 are located 75m and 161m NE, respectively, of the resource envelope. Holes 383 and 377, which did not return significant values, were drilled 43m SW and 53m NE, respectively, from the 1.8 g/t Au over 6.0m and appear to be out of the plunge of the mineralization.
Six wildcat exploration holes were drilled NW (generally 700m from the north boundary of the resource) and 5 were drilled SE (600m) of the
About the Company
Contact:
Tel: 1-800-771-0680
Email: info@galwaymetalsinc.com
Web: www.galwaymetalsinc.com
Look us up on Facebook, Twitter or LinkedIn
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements made herein with respect to, among other things, the Company's objectives, goals or future plans, potential corporate and/or property acquisitions, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations, and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, exploration results being less favourable than anticipated, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, risks associated with the defence of legal proceedings and other risks involved in the mineral exploration and development industry, as well as those risks set out in the Company's public disclosure documents filed on SEDAR. Although the Company believes that management's assumptions used to develop the forward-looking information in this news release are reasonable, including that, among other things, the Company will be able to identify and execute on opportunities to acquire mineral properties, exploration results will be consistent with management's expectations, financing will be available to the Company on favourable terms when required, commodity prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the outcome of legal proceedings, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
(C) 2023 Electronic News Publishing, source