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Galway Metals Update on George Murphy Zone in Clarence Stream Gold Project

Mining News - Published on Tue, 18 Feb 2020

Image Source: Galway Metals
Galway Metals Inc has reported significant new drill results from its George Murphy Zone at the Clarence Stream Gold Project in SW New Brunswick. Galway Metals President and CEO Robert Hinchcliffe said “Galway is rapidly expanding the George Murphy Zone in both vertical and horizontal dimensions. The structure containing 6.3 g/t Au over 30.0m was drilled up-plunge of known mineralization, towards surface, to enable it to become part of a pit-constrained resource estimate. The new discovery to the north contains strong quartz veining. New drilling to the west is intended to shrink what was an 800m gap between the Richard and GMZ. Galway is demonstrating that its interpretation that the Jubilee, Richard and George Murphy Zones, which cover 2.5 km of strike length, are part of the same system. These 3 zones are not included in the existing Clarence Stream resource, as two of them, the GMZ and Richard, were discovered by Galway after the last resource estimate was released in September 2017. These results, and those that precede them, demonstrate that Clarence Stream is an emerging new gold district in North America.”

6.3 grams per tonne Au over 30.0 metres and 3.5 g/t Au over 23.3m, and visible gold where assays are pending in a third drill hole along one structure, and 6.5 g/t Au over 7.35m along another structure, all at the GMZ

Exploration drilling intersected visible gold, where assays are pending in 3 separate locations in one drill hole, located up to 230m west of the prior western-most GMZ drilling. This appears to extend the GMZ toward the Richard Zone, which is approximately 800m along strike to the west before this hole - now 570m.

Discovery of a new vein at the GMZ, located ~75 metres north of the northern-most structure of the GMZ, where visible gold is present. Assays are pending

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Posted By : Nishith Sharma on Tue, 18 Feb 2020
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