Galway Metals Stock Price, News & Analysis

Galway Metals (OTCQB:GAYMF) announced insider purchases of its common shares, with CEO Robert Hinchcliffe acquiring 350,000 shares this quarter, totaling 1,074,500 shares over the past year. VP Michael Sutton purchased 245,000 shares recently, while Director Joseph Cartafalsa acquired 48,250 shares this quarter. Hinchcliffe now holds 15,642,740 shares (7.8% of outstanding shares). Galway Metals is well-capitalized with two significant projects in Canada, aiming to leverage these acquisitions for future growth.

Galway Metals Inc. has announced an increase in its bought deal private placement financing, now totaling $10 million. The offering includes 6,666,700 flow-through shares at $0.60 each and 14,117,700 common shares at $0.425 each. Additionally, underwriters have the option to increase the offering by 1,176,500 shares. The proceeds will be allocated to exploration and technical studies. The offering is subject to regulatory approval, with a planned closing date of May 26, 2022.

Galway Metals announces a significant upgrade in gold resources at its Clarence Stream property in New Brunswick, Canada. The updated Mineral Resource statement reveals:

• Indicated: 886,000 ounces at 2.27 g/t Au
• Inferred: 731,000 ounces at 1.93 g/t Au
• Underground: 36,000 ounces at 4.10 g/t Au (Indicated) and 603,000 ounces at 4.50 g/t Au (Inferred).

Over 106,272 metres were drilled in four years, leading to new discoveries and demonstrating Clarence Stream's potential as a new gold district in North America.

Galway Metals has announced promising drilling results from the Richard Zone at its Clarence Stream gold project in New Brunswick. The results show significant gold intersections, including 1.1 g/t Au over 8.35m in hole 213, and other notable finds such as 3.7 g/t Au over 35.0m in hole 177. The drill program aims to establish continuity between mineralized zones, enhance project economics, and support an updated resource estimate expected in April. The company highlights the potential to link several zones, indicating that Clarence Stream could emerge as a key North American gold district.

Galway Metals Inc. announced significant drill results from its Clarence Stream gold project in New Brunswick, Canada. The George Murphy Zone (GMZ) has been successfully connected to the Adrian and Richard Zones, spanning a total of 3.1 kilometers. Key highlights include new intersections such as 1.4 g/t Au over 34.5 m in hole 188 and 7.3 g/t Au over 13.5 m in hole 152. The project is anticipated to yield a new resource estimate by the end of March 2022, enhancing project economics and potential for open-pit and underground mining.

Galway Metals Inc. (OTCQB:GAYMF) announces significant drilling results from its 100%-owned Estrades zinc-gold property in Quebec. The company has expanded its drilling program to 25,000 meters and increased the rig count to three, targeting high-grade copper source vents and strong VMS targets. Recent metallurgical tests reveal promising results, with notable intersections such as 28.0 g/t AuEq or 51.5% ZnEq over 5.3m. CEO Robert Hinchcliffe emphasizes the potential for significant shareholder value, highlighting the unique quality of Estrades' deposits.

Galway Metals (TSXV:GWM)(OTCQB:GAYMF) announces promising drill results expanding the Adrian and George Murphy Zones at its Clarence Stream property in New Brunswick. Hole CL-122 reported 5.8 g/t Au over 55.5m, a significant increase from previous results. Additionally, the George Murphy Zone showed 8.1 g/t Au over 17.5m, marking a 50% strike length expansion. The company anticipates a resource update in Q1 2022, as over 8,000 samples await assay results. These findings bolster the project's economic potential and integration of multiple mineralized zones.

Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) announced assay results from recent drilling at its Clarence Stream gold project in New Brunswick, highlighting significant gold mineralization between the Richard and George Murphy Zones. Key findings include Hole 189 with 1.3 g/t Au over 41.15 metres and Hole 186 featuring 18.8 g/t Au over 6.0 metres. The latest drilling connects 3 kilometers of mineralization, suggesting potential for exceeding existing resource estimates. Galway anticipates an exciting year ahead with further exploration and resource updates expected in December 2021.

Galway Metals Inc. announces the start of drilling at the Oak Bay property, optioned in July 2020. The drilling confirmed mineralization with consistent intersections over a horizontal distance of 110m. Highlights include a notable intersection of 6.0 g/t Au over 3.3m in hole OB-01, among others. The area between Oak Bay and the South Zone is considered highly prospective, housing significant gold anomalies. Galway aims to release an updated resource estimate for Clarence Stream in Q4 2021, emphasizing its potential as a new gold district in North America.