This hole, the first in the area, is located 900m NW and likely along a different trend than the discovery hole in the previously-reported New Discovery (now named the
In the other hole being reported, an intersection of 9.4 g/t Au over 0.5m with visible gold (VG) was returned from a stepout hole located 400m east of the previous eastern limit, and along strike of the GMZ. The intervening 400m is the continuation of the soil anomaly that led to the discovery of the GMZ in
Galway is Increasing its Drill Count to 7 Rigs from 5 at Clarence Stream
Given the three new discoveries Galway has made in recent months (13.4 g/t Au over 12.95m, 186.5 g/t Au over 0.6m and 4.8 g/t Au over 3.1m), which are now targeted for follow up drilling, plus the highly prospective claims recently acquired that the Company plans to drill (
About the Company
Contact:
Tel: 1-800-771-0680
Web: www.galwaymetalsinc.com
CAUTIONARY STATEMENT
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) 2021 Electronic News Publishing, source