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Galway Metals Inc. reports exploration and development updates for its Canadian mineral projects, led by the 100%-owned Clarence Stream high-grade gold project in southwest New Brunswick. Recurring news centers on diamond drilling at the South and Southwest deposits, gold and gold-antimony assay results, district-scale geophysical surveys, and work tied to Clarence Stream's NI 43-101 mineral resource and broader 65-kilometre mineralized trend.
Company updates also cover Galway's 90% participating interest in the Estrades Project, a former producing gold-rich polymetallic VMS mine in western Québec, along with exploration leadership, stock option grants, investor relations arrangements, and other public-company matters tied to its TSX Venture and OTCQB traded shares.
Galway Metals (OTCQB:GAYMF) has engaged BBA E&C to complete a Preliminary Economic Assessment (PEA) for its 100%-owned Clarence Stream Gold Project in southwest New Brunswick. The work will build on the updated 2026 NI 43-101 Mineral Resource Estimate and prior technical programs.
The resource base for the PEA comprises 27.2 Mt at 1.62 g/t Au (1.42 Moz) Indicated and 28.5 Mt at 1.40 g/t Au (1.29 Moz) Inferred, covering the North, South and Southwest deposits, which remain open along Galway’s 65 km district. Galway currently expects the PEA to be completed in Q1 2027 and to evaluate mining, processing, infrastructure, and cost alternatives as well as trade-off studies.
The study is preliminary in nature, will include Inferred resources that cannot be treated as reserves, and Galway notes there is no certainty that any PEA conclusions will be realized. Technical information has been reviewed by a Qualified Person, and the company describes robust QA/QC procedures and use of ISO/IEC 17025-accredited labs.
Galway Metals (OTCQB:GAYMF, TSXV:GWM) reported an updated Mineral Resource Estimate for its 100%-owned Clarence Stream gold project in New Brunswick as of May 29, 2026. Indicated resources total 27.2Mt at 1.62 g/t Au for 1.42Moz gold, and Inferred resources total 28.5Mt at 1.40 g/t Au for 1.29Moz gold. The update incorporates about 340 new drill holes (70,000m) completed since 2022 and reflects a 20% increase in total contained gold and a 54% increase in Indicated gold ounces versus the 2022 estimate.
The MRE also includes approximately 19,500t antimony in the Indicated category and 3,100t in the Inferred category, increases of roughly 103% and 45% from 2022. About 96% of Indicated gold ounces are open-pit constrained, and roughly half of Indicated ounces occur above 3.0 g/t Au. Galway is running a 40,000m 2026 drill program and is evaluating a Preliminary Economic Assessment as the next milestone.
Galway Metals (OTCQB:GAYMF) reported new drill results from the North Deposit at its 100%-owned Clarence Stream gold project in New Brunswick.
Key intercepts include 5.0 g/t Au over 10.85m in hole ND-61 and 40.3 g/t Au over 1.55m in hole ND-52 within a 430-metre northern extension beyond the 2022 pit-constrained resource.
Galway Metals (OTCQB:GAYMF) reported preliminary results from its 2026 district-scale airborne geophysical program at the 100%-owned Clarence Stream Gold Project in New Brunswick.
The work defines a newly interpreted, roughly 6 km South-Limb Target Trend between the South and Southwest deposits, where initial drilling has begun; assays are pending.
Galway Metals (OTCQB:GAYMF) reported new assay results from seven diamond drill holes at the Southwest Deposit of its 100%-owned Clarence Stream gold project in New Brunswick.
Key intercepts include 20.7 g/t gold over 11.0 m in hole CL-249 and 6.0 g/t over 8.0 m in CL-252, supporting continuity of high-grade mineralization in the GMZ and Adrian Zones.
Galway Metals (OTCQB:GAYMF) reported assay results from eight drill holes at the South Deposit, Clarence Stream, on April 21, 2026. Key intercepts include 6.1 g/t Au over 19.0m (including 18.3 g/t over 3.0m). The South Deposit hosts high-grade resources (2022 MRE: 333,000 oz Indicated at 2.99 g/t; 325,000 oz Inferred at 4.03 g/t). An updated Mineral Resource Estimate is underway while multiple assays remain pending.
Galway Metals (OTCQB:GAYMF) launched a district-scale airborne geophysical program at its 100%‑owned Clarence Stream gold project on April 14, 2026. The integrated Resolve and HeliTEM surveys will cover a ~65‑kilometre prospective structural corridor and will be integrated with 2020 VLF data to refine targets.
Galway has four drills operating, expects a resource update in the near term, and plans a PEA later this year; surveys are run by Xcalibur Smart Mapping to expand near‑surface and depth targeting.
Galway Metals (OTCQB:GAYMF) reported assay results from nine holes at the South Deposit, including 6.1 g/t Au and 0.7% Sb over 28.0m (hole CS-416) and 3.6 g/t Au and 0.4% Sb over 26.0m (CS-417). The Project hosts a 2022 MRE 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 South Deposit specifically contains 333,000 oz Indicated @2.99 g/t and 325,000 oz Inferred @4.03 g/t. Galway noted an updated resource is underway, a fourth rig added, and assays pending for many holes.
Galway Metals (OTCQB:GAYMF) reported drill results from nine holes at the Southwest Deposit, Clarence Stream, including 8.6 g/t Au over 15.0m with 110.0 g/t Au over 1.0m. Results extend near-surface high-grade mineralization and will feed an updated MRE expected Q2 2026.
There are 37 Southwest holes plus 51 holes from North and South deposits with assays pending; assays and coordinates are provided in the release.
Galway Metals (OTCQB: GAYMF / TSXV: GWM) retained Red Cloud Financial Services to provide non-exclusive financial advisory and promotional services starting March 13, 2026.
The initial term is six months at C$10,000 per month, with automatic month-to-month renewal; the agreement is subject to TSX Venture Exchange approval.