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Galway Metals Adrian and GMZ Gaps Return 5.8 g/t Au over 55.5m, and 8.1 g/t Au over 17.5m

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TORONTO, ON / ACCESSWIRE / December 7, 2021 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results that expand the Adrian Zone in multiple directions, and the George Murphy Zone where the Company recently reported a 50% strike length expansion. Significant potential exists to be able to combine the GMZ with the Adrian and Richard Zones at its Clarence Stream property in southwest New Brunswick, Canada.

Adrian Zone Highlights:

  • The wide vein within the Adrian Zone was previously expanded by 44 metres (m) to the northeast with an intersect that now returns 5.8 g/t Au over 55.5m in hole CL-122 (originally reported as 38.6 g/t Au over 7.5m with assays pending; assays are still pending) from a previously-released intersect that returned 1.1 g/t Au over 78.5m in hole CL-52

  • This vein has now been expanded 192m northeast with 2.2 g/t Au over 10.7m in hole 136 from the intersect in hole CL-52

  • A deeper vein in the Adrian Zone was expanded 207m south with an intersect that returned 97.7g/t Au over 1.0m in hole CL-139 from several previously-released intersects such as 22.7 g/t Au over 3.5m (hole CL-92), 5.7 g/t Au over 25.0m (hole CL-103), and 12.9 g/t Au over 2.0m (hole CL-116)

George Murphy Zone Highlights:

  • Drilling in the George Murphy Zone (GMZ) has intersected 8.1 g/t Au over 17.5m in hole CL-136. This intersection is located 108m southwest of a previously-reported intersect in hole 109 that returned 1.7 g/t Au over 10.0m

  • These GMZ intersects are located within the 400m gap between the previous northeastern edge of the GMZ and wildcat step-out hole CL-75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km

  • Most of these wide and high-grade intersections from both the GMZ and Adrian Zones are likely to fall within pit shells. For details, refer to Figure 1, Figure 2 and Figure 3

"Galway continues to receive wide and high-grade drill results that are expanding the GMZ and Adrian Zones and significantly improving the potential to combine these two pits into one. We see the same potential with the GMZ and Richard Zones where wide mineralized intersects were recently released and where additional assays are pending. We believe these pending results will contribute significantly to the ability to combine these zones, enhance the economics of the project and benefit the resource update. As a result, the resource update will be released in the first quarter rather than this month," cites Robert Hinchcliffe, President and CEO of Galway Metals, "We are pleased to see many of the holes drilled have wide intersects in both the GMZ and Adrian Zones. There are pending assays in both zones and mineralization appears to continue past the intersects being released."

Drill Highlights

  • Hole CL-122 intersected 5.8 g/t Au over 55.5m (previously reported as 38.5 g/t Au over 7.5m), which includes 151.0 g/t Au over 0.5m, 144.0 g/t Au over 0.55m, 110.0 g/t Au over 0.5m, 41.6 g/t Au over 0.5m, 21.2 g/t Au over 0.5m, 23.7 g/t Au over 0.5m, and 35.4 g/t Au over 0.5m, plus 34.0 g/t Au over 0.5m, starting at vertical depths of 176m and 226m

  • Hole CL-120 intersected 3.9 g/t Au over 17.0m (previously reported as 10.2 g/t Au Over 6.0m), including 91.2 g/t Au over 0.5m, plus 0.9g/t Au over 52.5m, including 4.0 g/t Au over 3.0m, 4.3 g/t Au over 1.0m, and 7.6 g/t Au over 0.5m, starting at vertical depths of 115m, and 169m

  • Hole CL-136 intersected 8.1 g/t Au over 17.5m, including 89.2 g/t Au over 0.5m and 88.8 g/t Au over 0.65m, plus 2.2 g/t Au over 10.7m, including 16.9 g/t Au over 0.5m, and 20.4 g/t Au over 0.5m, plus 1.0 g/t Au over 13.0m, including 7.1 g/t Au over 1.0m, starting at vertical depths of 85m, 201m, and 175m

  • Hole CL-139 intersected 97.7 g/t Au over 1.0m, including 193.0 g/t Au over 0.5m, plus 2.0 g/t Au over 7.0m, including 17.9 g/t Au over 0.5m, plus 1.0 g/t Au over 8.5m, including 2.7 g/t Au over 1.5m, starting at vertical depths of 222m, 235m, and 147m

  • Hole CL-126 intersected 1.1 g/t Au over 37.3m, including 3.6 g/t Au over 1.0m, 3.4 g/t Au over 1.0m, and 3.2 g/t Au over 1.0m, starting at a vertical depth of 150m

  • Hole CL-94 intersected 1.2 g/t Au over 34.0m, including 16.0 g/t Au over 1.0m, starting at a vertical depth of 155m

  • Hole CL-117 intersected 1.3 g/t Au over 19.5m, including 9.5 g/t Au over 1.0m, 3.3 g/t Au over 1.0m, and 3.6 g/t Au over 0.5m, starting at a vertical depth of 80m

  • Hole CL-123 intersected 11.2 g/t Au over 4.25m, including 77.7 g/t Au over 0.6, starting at a vertical depth of 133m

  • Hole CL-134 intersected 5.5 g/t Au over 4.7m, including 23.8 g/t Au over 0.5m, and 16.5 g/t Au over 0.7m, starting at a vertical depth of 179m

  • Hole CL-102 intersected 1.0 g/t Au over 24.0m, including 3.6 g/t Au over 2.5m, and 5.3 g/t Au over 1.5m, starting at a vertical depth of 139m

  • Hole CL-105 intersected 6.5 g/t Au over 3.5m, including 14.8 g/t Au over 0.5m, plus 3.9 g/t Au over 4.0m, including 12.6 g/t Au over 1.0m, plus 0.5 g/t Au over 11.5m, starting at vertical depths of 166m, 191m, and 206m

  • Hole CL-103 intersected 2.4 g/t Au over 6.0m, plus previously-released 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m, starting at vertical depths of 229m and 286m

  • Hole CL-107 intersected 3.4 g/t Au over 7.0m, including 12.3 g/t Au over 1.0m, starting at a vertical depth of 297m

  • Hole CL-98 intersected 1.1 g/t Au over 11.5m, including 6.4 g/t Au over 0.5m, and 3.8 g/t Au over 1.5m, starting at a vertical depth of 165m

  • Hole CL-91 intersected 0.7 g/t Au over 21.0m, including 2.1 g/t Au over 1.5m, starting at a vertical depth of 84m

  • Hole CL-125 intersected 0.6 g/t Au over 19.0m, including 2.0 g/t Au over 1.0m, starting at a vertical depth of 172m

  • Hole CL-121 intersected 1.6 g/t Au over 10.2m, starting at a vertical depth of 185m

  • Hole CL-93 intersected 0.8 g/t Au over 15.2m, including 2.9 g/t Au over 1.0m, plus 0.5 g/t Au over 19.0m, starting at vertical depths of 190m, and 162m

  • Hole CL-101 intersected 1.0 g/t Au over 5.5m, including 3.3 g/t Au over 1.0m starting at a vertical depth of 260m

  • Hole CL-82 intersected 1.5 g/t Au over 5.05m, plus previously released 1.5 g/t Au over 14.6m, including 8.7 g/t Au over 1.05m, and 4.2 g/t Au over 0.6m, starting at vertical depths of 295m and 68m

ADRIAN INCREASES

Most of the new intersections are located down-dip from the original Adrian discovery holes where the zone appears to flatten and thicken considerably before intersecting the steeper GMZ. The 5.8 g/t Au over 55.5m intersection in hole 122 is preceded by 20%-55% quartz for 60 metres with pending assays. It is located 44m northeast of another wide intersection from hole CL-52 which returned 1.1 g/t Au over 78.5m. Going northeast from these holes, the closest intersections are 1.1 g/t Au over 37.3m in hole 126, located 78m away, but that is at a higher elevation - assays are pending for mineralized core further down where the main part of the zone should be. Hole 136 appears to have intersected the same zone, returning 2.2 g/t Au over 10.7m, located 192m northeast of the intersect in hole 52. Holes 125, 126, 144, 147, 150, 152 are pending most or all assays for this zone.

Hole 139 intersected 193.0 g/t Au over 0.5m plus 2.0 g/t Au over 7.0m, which appear to line up with a high-grade zone that has previously-reported intersections of 22.7 g/t Au over 3.5m, including 98.7 g/t Au over 0.5m (hole 92), 5.7 g/t Au over 25.0m, including 20.5 g/t Au over 5.95m (hole 103), and 12.9 g/t Au over 2.0m, including 48.2 g/t Au over 0.5m (hole 116). These intersections are located 207m to the northeast of hole 139 with numerous holes between pending assays. Hole 107 has intersected this high-grade zone, returning 3.4 g/t Au over 7.0m, located 42m southwest of hole 116.

Hole 98 intersected 1.1 g/t Au over 11.5m, which represents the furthest northeastern intersection in Adrian, located 35m east of the 12.9 g/t Au over 2.0m in hole 116 - but not in the same zone.

The intersections in holes 91 and 82 appear to line up with previously-released hole 77 (1.3 g/t Au over 35.3m, plus 0.9 g/t Au over 14.8m) and likely represent where the folded Adrian Zone comes towards surface.

GMZ INCREASES

The GMZ has been intersected in hole 136, returning 8.1 g/t Au over 17.5m. This intersection is located within the previous 400m gap between the northeastern edge of the GMZ and wildcat step-out hole 75 that returned 9.4 g/t Au over 0.5m, which represented a 50% expansion of the GMZ to more than 1.1km. The intersection in hole 136 is located 108m to the southwest of previously-reported hole CL-109 that returned 1.7 g/t Au over 10.0m. Hole 117, which returned 1.3 g/t Au over 19.5m, intersected the same zone 64m below the 1.7 g/t Au over 10.0m. Holes 121, 122, 123, 125, 126, 130, 139, and 144 are pending most assays for this zone.

The GMZ/Adrian Zones are currently more than 1.1km long with multiple structures over 388m horizontal thickness (width), and with all veins open in every direction. The Adrian Zone is north of the GMZ and is part of the same overall system that Galway has been drilling during the past 4 years that stretches 3.1km from Adrian to the GMZ, Richard and Jubilee Zones (Adrian is flat dipping whereas the latter three are steeply dipping to the south). Soil anomalies, in conjunction with glacial till and stream sediment anomalies along magnetic lows led to the discovery of all 7 known gold deposits at Clarence Stream, and the property hosts many other as of yet untested gold anomalies.

Resource will be released in the first quarter of 2022

The Clarence Stream resource update targeted for this month is now scheduled for the first quarter. Galway has in excess of 8,000 samples pending assay results at the labs. There is generally an 8-12 week delay in receiving results, and the Company would like to incorporate key pending assays into the update. A recent previously-reported intersection of 1.3 g/t Au over 41.15 metres in the 400m gap between the Richard and the GMZ came from an area with numerous holes pending all assays. This area too is key to the resource because it could combine two pits into one. Galway plans on incorporating all zones discussed in this press release, Adrian, GMZ, Richard and Jubilee, which cover a strike length of 3.1km, as well as the existing South and North Zones, into the resource update.

Table 1: Drill Result Highlights

Hole ID

From

To

Intercept

TW

Au

Zone

(m)

(m)

(m)

(m)

g/t

GWM20CL-40

73.25

83.05

9.80

6.5

1.1**

GMZ

including

75.70

76.55

0.85

4.1**

GMZ

85.60

86.60

1.00

0.6**

GMZ

92.85

96.50

3.65

1.2**

GMZ

180.40

188.90

5.90

4.0

0.7**

GMZ

including

185.25

186.00

0.75

0.50

2.5**

GMZ

197.00

197.95

0.95

0.6**

GMZ

GWM20CL-48

66.50

68.00

1.50

0.4

Adrian

GWM20CL-52

100.50

102.00

1.50

1.6 **

Adrian

148.00

149.50

1.50

1.2**

Adrian

173.00

174.50

1.50

5.9**

Adrian

177.50

179.00

1.50

2.3**

Adrian

189.50

231.00

41.50

1.3 **

Adrian

152.50

231.00

78.50

76.10

1.1**

Adrian

including

191.00

197.00

6.00

5.80

4.7 **

Adrian

including

204.00

204.50

0.50

0.50

2.3**

Adrian

including

226.00

226.50

0.50

0.50

5.7 **

Adrian

including

227.50

228.00

0.50

0.50

2.4**

Adrian

including

230.50

231.00

0.50

0.50

2.3**

Adrian

352.00

354.50

2.50

0.5

Adrian

GWM20CL-81

178.00

179.00

1.00

0.6

Adrian

179.85

184.55

4.70

33.7 VG**

Adrian

including

180.35

182.50

2.15

60.7 VG**

Adrian

188.60

189.10

0.50

0.6

Adrian

190.65

192.65

2.00

0.5

Adrian

198.60

201.00

2.40

0.7

Adrian

226.50

229.50

3.00

0.6

Adrian

268.50

270.00

1.50

1.5**

Adrian

309.00

310.50

1.50

0.5

Adrian

312.00

315.00

3.00

1.2**

Adrian

GWM20CL-82

22.40

23.10

0.70

1.8**

Adrian

31.80

32.50

0.70

2.2**

Adrian

68.00

69.00

1.00

1.0**

Adrian

72.65

86.55

13.90

1.5**

Adrian

including

73.65

74.25

0.60

4.2**

Adrian

including

78.70

79.75

1.05

8.7**

Adrian

91.40

92.20

0.80

0.4

Adrian

100.25

103.85

3.60

0.5**

Adrian

112.85

115.70

2.85

0.9**

Adrian

169.30

171.25

1.95

0.5**

Adrian

180.00

181.05

1.05

0.7**

Adrian

203.80

204.45

0.65

1.7**

Adrian

238.15

239.20

1.05

0.6

Adrian

311.05

316.10

5.05

1.5**

Adrian

332.65

333.20

0.55

0.7

Adrian

337.00

339.00

2.00

0.6

Adrian

GWM21CL-89

87.50

88.50

1.00

3.8**

Adrian

118.50

120.00

1.50

0.9

Adrian

138.00

139.50

1.50

0.5

Adrian

179.00

182.00

3.00

78.4**

Adrian

including

181.00

181.50

0.50

313**

Adrian

including

181.50

182.00

0.50

147**

Adrian

184.00

185.00

1.00

0.7**

Adrian

190.00

202.00

12.00

0.5

Adrian

207.50

209.00

1.50

0.5

Adrian

227.00

228.50

1.50

0.4

Adrian

240.50

241.50

1.00

6.4

Adrian

251.50

252.50

1.00

0.4

Adrian

256.00

257.50

1.50

0.7

Adrian

266.00

267.00

1.00

0.4

Adrian

285.00

327.00

42.00

pending

Adrian

GWM21CL-90

143.00

145.50

2.50

1.2

Adrian

156.00

157.50

1.50

0.7

Adrian

171.00

172.50

1.50

0.4

Adrian

211.00

213.00

2.00

0.5

Adrian

219.00

220.50

1.50

0.5

Adrian

222.00

224.00

2.00

0.9

Adrian

226.00

227.00

1.00

0.5

Adrian

229.00

230.00

1.00

0.4

Adrian

236.00

237.00

1.00

0.6

Adrian

240.00

242.00

2.00

1.0

Adrian

317.45

318.40

0.95

8.8

Adrian

365.60

367.00

1.40

1.4

Adrian

GWM21CL-91

60.00

61.50

1.50

0.5

Adrian

84.00

85.00

1.00

0.5

Adrian

90.50

111.50

21.00

0.7

Adrian

110.00

111.50

1.50

2.1

Adrian

138.50

140.00

1.50

0.6

Adrian

166.50

167.00

0.50

0.8

Adrian

178.50

179.00

0.50

2.2

Adrian

191.10

191.60

0.50

0.6

Adrian

197.50

198.00

0.50

0.5

Adrian

GWM21CL-93

144.00

148.50

4.50

0.6

Adrian

202.50

204.00

1.50

0.4

Adrian

207.00

226.00

19.00

0.5

Adrian

239.00

254.20

15.20

0.8

Adrian

including

246.00

247.00

1.00

2.9

Adrian

GWM21CL-94

155.00

156.00

1.00

0.6

Adrian

158.00

159.00

1.00

0.5

Adrian

167.00

168.00

1.00

0.4

Adrian

170.00

204.00

34.00

30.50

1.2

Adrian

including

178.00

179.00

1.00

0.90

16.0

Adrian

GWM20CL-96

43.75

44.60

0.85

0.4**

Adrian

53.00

54.10

1.10

0.8**

Adrian

62.15

63.65

1.50

0.5**

Adrian

135.00

136.50

1.50

0.6

Adrian

146.00

147.00

1.00

9.9**

Adrian

160.50

162.00

1.50

0.5

Adrian

175.00

184.00

9.00

0.9

Adrian

including

175.00

175.50

0.50

7.9

Adrian

190.15

209.00

18.85

0.7**

Adrian

Including

199.65

200.20

0.55

8.5**

Adrian

217.35

220.75

3.40

1.1**

Adrian

204.00

204.50

0.50

1.1

Adrian

GWM21CL-98

71.00

72.00

1.00

5.2

Adrian

146.50

154.50

8.00

0.5

Adrian

163.50

168.50

5.00

1.3

Adrian

including

163.50

164.00

0.50

6.6

Adrian

180.00

180.50

0.50

0.5

Adrian

182.00

193.50

11.50

1.1

Adrian

including

182.00

183.50

1.50

3.8

Adrian

including

193.00

193.50

0.50

6.4

Adrian

201.00

501.00

300.00

pending

Adrian

GWM21CL-101

183.00

184.00

1.00

0.6

Adrian

205.50

206.00

0.50

6.5

Adrian

215.50

217.00

1.50

0.8

Adrian

301.00

302.00

1.00

0.5

Adrian

304.00

309.50

5.50

1.0

Adrian

including

304.00

305.00

1.00

3.3

Adrian

347.00

381.50

34.50

pending

Adrian

388.00

401.00

13.00

pending

Adrian

GWM21CL-102

46.50

55.00

8.50

pending

Adrian

145.00

169.00

24.00

1.0

Adrian

including

145.00

147.50

2.50

3.6

Adrian

including

151.00

152.50

1.50

5.3

Adrian

227.50

229.00

1.50

0.6

Adrian

GWM21CL-103

131.30

132.00

0.70

0.8

Adrian

321.00

327.00

6.00

2.4

Adrian

400.00

425.00

25.00

5.7**

Adrian

including

408.05

414.00

5.95

20.5**

Adrian

GWM21CL-105

169.50

173.00

3.50

6.5

Adrian

including

170.50

171.00

0.50

14.8

Adrian

181.00

185.00

4.00

0.5

Adrian

195.50

199.50

4.00

2.8

Adrian

including

196.00

197.00

1.00

12.8

Adrian

210.50

222.00

11.50

0.5

Adrian

GWM21CL-107

146.00

164.00

18.00

0.2

Adrian

214.00

214.50

0.50

1.6

Adrian

295.00

295.50

0.50

0.5

Adrian

300.00

307.00

7.00

3.4

Adrian

including

304.00

305.00

1.00

12.3

Adrian

GWM21CL-109

21.00

22.50

1.50

0.4

162.00

163.50

1.50

0.7

179.00

189.00

10.00

8.70

1.7**

including

187.00

188.00

1.00

0.90

8.0**

196.00

197.00

1.00

1.5**

200.00

543.00

343.00

pending

649.50

660.70

11.20

pending

GWM21CL-112

12.00

21.50

9.50

pending

Adrian

30.00

99.00

69.00

pending

Adrian

109.00

109.70

0.70

1.2

Adrian

153.00

163.00

10.00

1.6**

Adrian

including

153.00

154.00

1.00

5.3**

Adrian

including

158.00

159.00

1.00

5.5**

Adrian

199.50

201.00

1.50

0.6

Adrian

222.00

223.50

1.50

3.7

Adrian

241.50

259.50

18.00

pending

Adrian

298.00

308.00

10.00

0.8**

Adrian

including

306.50

307.30

0.80

3.4**

Adrian

321.00

366.00

45.00

pending

Adrian

382.50

397.00

14.50

pending

Adrian

408.00

418.00

10.00

pending

Adrian

GWM21CL-116

123.00

126.00

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