Welcome to our dedicated page for Galway Metals news (Ticker: GAYMF), a resource for investors and traders seeking the latest updates and insights on Galway Metals stock.
Galway Metals Inc. (OTCQB:GAYMF) generates frequent news through exploration and technical updates on its Canadian gold and polymetallic projects. The company’s releases focus primarily on drill results, metallurgical testing, and economic studies related to its 100%-owned Clarence Stream gold project in southwest New Brunswick and its Estrades polymetallic VMS project in western Québec.
At Clarence Stream, Galway regularly reports diamond drilling results from the Southwest, North, and South Deposits. These updates include high-grade gold intercepts, thick mineralized intervals, and step-out drilling that the company uses to discuss continuity of mineralization, potential extensions beyond existing resource pit shells, and the district-scale nature of the project’s 65-kilometre strike length. Technical sections often describe the intrusion-related, quartz-vein hosted geology and associated sulphide mineralization.
News from Clarence Stream also covers metallurgical test work, where Galway outlines process flowsheet developments aimed at improving gold recovery and capturing antimony into a gold–antimony concentrate. These updates provide insight into how the company is defining processing options and supporting future technical studies.
For Estrades, news releases highlight progress on economic evaluations such as scoping studies and a Preliminary Economic Assessment, as well as project management appointments and commentary on the high-grade gold and zinc-rich VMS nature of the deposit. Corporate updates can also include information on insider share purchases and participation in programs like the New Brunswick Junior Mining Assistance Program.
Investors and followers of GAYMF can use this news page to review Galway’s ongoing drilling campaigns, technical milestones, and project-level developments across both Clarence Stream and Estrades over time.
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.
Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) provides a corporate update for 2024, focusing on advancing its Canadian gold assets amid rising gold prices. Key points include:
1. Two drill rigs running at Clarence Stream gold project, with 44 drillholes pending assay results.
2. Updated NI 43-101 Mineral Resource Estimate for Estrades project expected in early Q4 2024.
3. Metallurgical testing programs underway for both Clarence Stream and Estrades projects.
4. Promotions and new appointments to strengthen the management team and board of directors.
5. CEO Robert Hinchcliffe has purchased over 700,000 shares in 2024, now owning approximately 9% of the company.
Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) has initiated a NI 43-101 Mineral Resource Estimate and metallurgical test program at its Estrades property in Quebec. The company aims to update the resource estimate for the precious metal-rich VMS deposit, which was previously mined in 1990-1991. The new estimate will incorporate 42,099 meters of drilling completed since 2018 and reflect current metal prices, including a 38% increase in gold prices.
Galway has engaged SLR Consulting for the resource estimate and Base Metal Laboratories for metallurgical testing. The study will focus on improving recoveries of Cu, Pb, Zn, Au, and Ag, while minimizing capital and operating costs. Results are expected in the fourth quarter. The company believes the project's economics have improved, primarily due to rising gold prices.
Galway Metals reported positive results from its diamond drilling program at the Clarence Stream high-grade gold project in New Brunswick, Canada.
Highlights include:
Hole CL-179: 19.5 g/t gold over 4.2 meters, including 45.9 g/t gold over 1.2 meters.
Hole CL-190: 2.7 g/t gold over 4.5 meters, including 13.8 g/t gold over 0.5 meters.
Hole CL-186: 1.4 g/t gold over 12.9 meters.
Nine additional follow-up drill holes are pending assays.
The company is mobilizing a second rig to target high-grade mineralization at the South Deposit.
Financial support was provided by the New Brunswick Junior Mining Assistance Program.
FAQ
What is the current stock price of Galway Metals (GAYMF)?
What is the market cap of Galway Metals (GAYMF)?
