Galway Metals Stock Price, News & Analysis

Galway Metals (GAYMF) has reported significant drilling results from its Clarence Stream gold project in New Brunswick, Canada. The company has extended gold mineralization by 300 meters at the Southwest Deposit and 350 meters at the North Deposit.

Key drilling highlights include intersection of 3.4 g/t gold over 5.0m (including 11.1 g/t gold over 1.0m) and 3.1 g/t gold over 2.9m (including 13.2 g/t over 0.5m) at the Southwest Deposit. The project currently holds a 2022 Mineral Resource Estimate of 922,000 oz (12.4 Mt @ 2.3 g/t Au) in Indicated category and 1.334M oz (16.0 Mt @ 2.6 g/t Au) in Inferred category.

The company has 12 additional holes pending assays from the Southwest Deposit area and 23 drill holes pending from the North Deposit, where visible gold has been observed at 43.4 meters in hole ND-21.

Galway Metals reported positive metallurgical results from its Clarence Stream Gold Project in New Brunswick, achieving up to 88% gold recoveries at the SW Deposit, which represents 70% of total gold ounces. The project contains a 2022 Mineral Resource Estimate of 12.4 Mt @ 2.3 g/t Au Indicated (922,000 oz) and 16.0 Mt @ 2.6 g/t Au Inferred (1.334M oz).

The company is conducting ongoing metallurgical work to optimize gold recoveries and capture antimony as a bi-product, with Clarence Stream containing over 25 million pounds of antimony. The 2024 testing confirmed direct cyanidation yielding 84-88% Au extraction at low antimony grades, while gravity concentration and flotation achieved 71-93% antimony recovery.

Galway added a second drill rig targeting the North Deposit, plans to add a third rig in April for new discoveries, and aims to update the resource in early 2026.

Galway Metals reports significant improvements in metal recovery rates at its 100% owned Estrades property in Quebec's Abitibi region. The high-grade gold and zinc deposit shows a 31% increase in gold recovery, now reaching 86.6%. The updated Mineral Resource Estimate reveals a 17% increase in Indicated Resource and a 22% increase in Inferred Resource compared to 2018.

The property, which previously produced 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu, and 173.3 g/t Ag in 1990-91, now shows improved metallurgical results. Gold accounts for 48% of the total NSR of Indicated Resources and 41% for Inferred Resources. Copper concentrate quality has improved to 28% Cu with 95% recovery, up from previous results of 22% copper and 44% recovery.

Galway Metals has reported significant drilling results from its Clarence Stream gold project in New Brunswick, with notable intersections including 26.9 g/t gold over 8.6 metres (including 368.0 g/t over 0.5m) at the South Deposit. The project shows district-scale potential with a 65-kilometer strike length and currently holds a mineral resource estimate of 12.4 Mt @ 2.3 g/t Au Indicated (922,000 oz) and 16.0 Mt @ 2.6 g/t Au Inferred (1.334M oz).

The company highlights the project's significant antimony resource, which has gained strategic importance following China's export restrictions that led to a 300% price increase to US$15.00 per pound. The 2022 resource estimate includes 9,605t indicated and 2,145t inferred antimony resources. Galway plans to continue drilling in 2025 to expand mineralization and increase both gold and antimony resources within the South and North Deposits.

Galway Metals (TSXV:GWM)(OTCQB:GAYMF) reports significant insider buying activity by CEO Robert Hinchcliffe, who purchased 1,030,000 common shares in 2024 at an average price of $0.45 per share through the TSX Venture Exchange. This follows his acquisition of 1,664,000 shares in 2023. Following these transactions, Hinchcliffe now owns 7,750,746 shares, representing approximately 9% of the company's outstanding shares.

Galway Metals (TSXV:GWM) announced significant changes to its Board of Directors following its October 25, 2024 AGM. Michael Kazickas, a successful commodity trading businessman, joined the Board, while Alfonso Gomez Rengifo resigned effective December 4, 2024. Andreas Curkovic, founder of Proconsul Capital with over 20 years of capital markets experience, was appointed to fill the vacancy and join the Audit and Compensation Committees.

Additionally, Joseph Cartafalsa and Michael Sutton did not seek re-election at the AGM. The company also granted approximately 4,675,000 incentive stock options at C$0.53 per share, expiring December 11, 2029, to employees, consultants, officers, and directors.

Galway Metals reported assay results from 11 diamond drill holes at the South Deposit of its Clarence Stream gold project in New Brunswick. Notable intersections include 29.1 g/t gold over 4.0 metres (including 68.2 g/t over 1.5m) in hole CS-407, and 2.0 g/t gold over 8.0 metres in CS-401. The project has a 2022 Mineral Resource Estimate of 922,000 oz indicated (12.4 Mt @ 2.3 g/t Au) and 1.334M oz inferred (16.0 Mt @ 2.6 g/t Au). The company confirms high-grade gold continuity at depth in the South deposit, which is expected to be the starter pit. Additional drilling at the Southwest deposit has intersected visible gold zones, extending mineralization by 140 metres north.

Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) has reported promising results from its diamond drilling program at the Southwest Deposit of the Clarence Stream gold project in New Brunswick, Canada. Key highlights include:

• Drill hole CL-200 intersected 1.5 g/t gold over 26.5 metres, including 5.70 g/t gold over 4.5 metres, starting 17 vertical metres from the surface.
• CL-203 intersected 1.8 g/t gold over 16.0 metres, including 13.5 g/t gold over 1.5 metres.
• CL-197 intersected 0.8 g/t gold over 16.1 metres and 0.9 g/t gold over 16.5 metres, starting 30 vertical metres from the surface.

These results suggest potential for expanding the open pit in the Southwest Deposit. Additionally, ongoing drilling at the South Deposit has intersected visible gold in several drill holes, with 23 drill holes pending assays.