Galway Metals drills 3.1 m of 14.5 g/t Au at Jubilee
GALWAY METALS Inc. has released partial assay results from two diamond drill holes from its Jubilee property, located five kilometres southwest of, and on strike with, the South zone at Clarence Stream. These are the first stepout assay results received from Galway’s 11-hole, 1,766-metre drill program designed to follow up on previous gold intersections reported by Jubilee Gold and Union Gold.
Robert Hinchcliffe, president and chief executive officer of Galway, said: “Galway has successfully expanded the first satellite mineralized zone outside the two resource areas at Clarence Stream, and we are planning additional drilling for further expansions in the future. The new intersections appear to have good widths with little overburden. Other mineralization in this satellite zone was intersected by Jubilee and Union, which Galway followed up. Taken together, the near-surface mineralization encountered at Jubilee could represent the first of several new deposits to be discovered in what may be an emerging gold district at Clarence Stream. We have moved the drill rig a bit to the east to test a strong anomaly that lies in between, and along strike with the South zone and Jubilee. We plan to then test several of the areas of strong soil anomalies outlined below.”
Galway is also pleased to report addition al strong gold-in-soil anomalies delineated along strike with North and South zone resources, extending up to 12.0 kilometres along strike from the South zone western limit. On Sept. 26, 2017, Galway issued a resource update at Clarence Stream.
Jubilee drill intersects highlight the first satellite deposit at Clarence Stream
The drill results at Jubilee highlighted herein are significant because they contain wide, near-surface intersects that may be amenable to pit-constrained extraction (like 76 per cent of the resource at Clarence Stream).
Galway’s first two drill holes at Jubilee targeted the open west end of the zone, with the intersections located approximately 72 metres west of previous drilling by Jubilee Gold and Union Gold. At least three horizons of mineralization covering a width of 85 metres appear to be present in the historical drilling, while another horizon has been intersected within the intrusion to the northwest, adding 60 metres for a total of 145 metres of width to the zone.
The two holes Galway is reporting herein were from the same set-up, and drilled northwest, with hole 2 undercutting hole 1 at a steeper angle. Assays are pending for the remaining nine holes and for the last half of the first two holes.
(See GWM Table 1 on page 10)
Soil surveys reveal highly anomalous gold areas
Resources at Clarence Stream are contained within 2.5 kilometres of Galway’s 65 km strike length. Beyond the areas containing the resources, there are many additional strong drill targets identified. Galway Metals has undertaken a very aggressive soil sampling program consisting of more than 10,000 samples in 2016 and 4,237
samples in 2017.
Two grids were covered in 2017 on either side of the Rollingdam grid that had returned the best results from 2016. Eight linear anomalies have been delineated, in this east zone, up to 1.1 km long. The highest-grade soil anomalies include 681 ppb plus 107 ppb (consecutive samples 25 m apart), and 140 ppb in one zone, 164 ppb and 180 ppb in a second zone, and 231 ppb in another zone.
To the west of the 2016 Rollingdam grid, 11 linear anomalies have been delineated, up to 1.4 km long. The highest-grade soil anomalies include 158 ppb, 180 ppb and 281 ppb in one zone, 308 ppb and 523 ppb in a second zone, and 111 ppb, 154 ppb and 104 ppb in other zones. The 2016 Rollingdam grid has seven linear anomalies delineated.
We seek Safe Harbor.
Karen Baxter condensed this news release (email@example.com).
Joseph Cartafalsa, Robb Tyler Doub, Alfonso Rengifo Gomez, Robert P Hinchcliffe, Jimmy Soo Hyung Lee, Lawrence Jay Strauss, Michael William Sutton
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