Galway Metals Intersects 8.6 g/t Gold Over 15.0m Including 110.0 g/t Over 1.0m at Southwest Deposit
Rhea-AI Summary
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.
Positive
- 8.6 g/t Au over 15.0m including 110.0 g/t over 1.0m
- Multiple near-surface intercepts (within ~25m) improving pit-shell potential
- Updated MRE scheduled for Q2 2026 to incorporate new drilling
Negative
- 37 holes at Southwest with assays pending, creating short-term uncertainty
- Reported results cover the southwestern Richard Zone only, limited current spatial coverage
News Market Reaction – GAYMF
On the day this news was published, GAYMF declined 0.62%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESS Newswire / March 19, 2026 / Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results for 9 diamond drill holes at the Southwest Deposit in the Company's
"Drilling at the Southwest Deposit continues to highlight the strong continuity of gold mineralization across the Clarence Stream Project," stated Rob Hinchcliffe, President and CEO of Galway Metals. "These results extend high-grade mineralization closer to surface and are expected to contribute to our upcoming updated Mineral Resource Estimate scheduled for Q2 2026. With numerous holes still pending assays across the Southwest, North, and South Deposits, we anticipate a steady flow of results as we continue advancing Clarence Stream toward a larger and higher-confidence resource."
Highlights (Plan Map)
BL-308: 8.6 g/t Au over 15.0m, including 110.0 g/t Au over 1.0m
BL-309: 1.8 g/t Au over 17.0m, including 18.3 g/t over 1.0m, starting 24.0 meters from surface
BL-310: 0.8 g/t Au over 26.0m, starting 8.0 meters from surface
BL-269: 7.3 g/t Au over 2.0m, including 14.1 g/t Au over 1.0m
Drilling Continues to Extend Near-Surface Gold Mineralization at Southwest Deposit
The nine drill holes reported are in the southwestern portion of the Southwest Deposit (Richard Zone). Drilling was designed to fill gaps within existing resource pit shells and extend mineralization toward surface.
On Section 1, drill hole BL-308 returned 8.6 g/t Au over 15.0m, including 110.0 g/t Au over 1.0m, 50 vertical metres from surface, extending high-grade mineralization significantly closer to surface.
Further northeast along strike, drill holes BL-309 and BL-310, located 110m and 130m from BL-308, intersected additional near-surface mineralization, including 1.8 g/t Au over 17.0m and 0.8 g/t Au over 26.0m, respectively. These intercepts are illustrated on Section 2, where mineralization begins within the first 25 metres from surface.
Another 230m to the northeast, drill holes BL-268 and BL-269 intersected mineralization linking with intercepts further north, returning 1.3 g/t Au over 3.0m and 7.3 g/t Au over 2.0m, respectively. A step-back hole is planned approximately 25 metres behind BL-268 to test the potential continuation of the steeper high-grade mineralization, as shown on Section 3.
There are currently 37 drill holes from the Southwest Deposit with pending assays, including 28 holes located near the drill results reported in this release. Additionally, 17 holes from the South Deposit and 34 holes from the North Deposit remain pending assays.
For a complete list of Southwest Deposit assays reported in this press release, please refer to the Assay and Coordinate Table.
Geology and Mineralization
The Clarence Stream deposits are characterized as intrusion-related, structurally controlled, quartz-vein hosted gold systems. Mineralization consists of quartz veins and quartz stockwork developed within brittle-ductile fault zones, accompanied by crushed and altered wall rock and veinlet material.
The mineralized systems occur in intrusive and metasedimentary rocks within high-strain zones controlled by regional fault systems. Mineralization is typically associated with pyrite, base-metal sulphides, and stibnite, along with anomalous concentrations of bismuth, arsenic, antimony, and tungsten.
Alteration within host rocks is typically confined to a few metres surrounding quartz veins and is characterized primarily by sericitization and chloritization.
A more detailed description of the Clarence Stream geology and mineralization is available at www.galwaymetalsinc.com.
Review by Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Jesse Fisher, P.Geo., Project Manager for Clarence Stream and a Qualified Person as defined by National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the technical information and data presented. Galway Metals conducts its exploration activities in accordance with CIM Best Practices Guidelines.
Quality Control and Reports
All core, chip/boulder samples, and soil samples are assayed by Activation Laboratories, located at 41 Bittern Street, Ancaster, Ontario, Canada, Agat Laboratories, located at 5623 McAdam Road, Mississauga Ontario, Canada L4Z 1N9 and 35 General Aviation Road, Timmins, ON P4P 7C3, and/or Swastika Laboratories situated in Swastika, ON. All four labs have ISO/IEC 17025 accreditation. All core is under watch from the drill site to the core processing facility. Drill core is NQ size and sample intervals range from 0.5 meters to 1.5 meters in length. All samples are assayed for gold by Fire Assay, with gravimetric finish, and other elements assayed using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (
About Galway Metals Inc.
Galway Metals is a Canadian mineral exploration and development company focused on advancing its
For additional Information on Galway Metals Inc., please contact:
Robert Hinchcliffe, President & Chief Executive Officer
Telephone: 1-800-771-0680
Email: info@galwaymetalsinc.com
Website: www.galwaymetalsinc.com
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Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This News Release includes certain "forward-looking statements" and "forward-looking information" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information 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, but is not limited to, the Company's objectives, goals or future plans, information with respect to the OTCQB listing, DTC eligibility, and broadening U.S. institutional and retail investors.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in economic conditions or financial markets, political and competitive developments, operation or exploration difficulties, changes in equity markets, changes in exchange rates, fluctuations in commodity prices capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development, and those risks set out in the Company's public documents filed on SEDAR+ at sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, 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, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Galway Metals Inc.
View the original press release on ACCESS Newswire
FAQ
What drill intercept did Galway Metals (GAYMF) report at the Southwest Deposit on March 19, 2026?
How will the March 19, 2026 Galway (GAYMF) drill results affect the Clarence Stream resource update?
How many Galway Metals (GAYMF) drill holes remain pending assays after the March 2026 release?
What other notable intercepts did Galway (GAYMF) report on March 19, 2026 at Clarence Stream?
Where on the Clarence Stream project were the March 2026 Galway (GAYMF) drill results located?
What QA/QC measures did Galway Metals (GAYMF) report for the March 2026 assays?
