Galway Metals Intersects 8.6 g/t Gold Over 15.0m Including 110.0 g/t Over 1.0m at Southwest Deposit

The most recent news (March 19, 2026) reports drill results from 9 diamond drill holes at the Southwest Deposit of the Clarence Stream project in New Brunswick. Key intercepts include 8.6 g/t Au over 15.0m (including 110.0 g/t Au over 1.0m) in hole BL-308. Other holes (BL-309 and BL-310) confirmed near-surface mineralization starting as shallow as 8.0 meters from the surface. These results are intended to infill gaps and extend high-grade mineralization closer to the surface to support an updated Mineral Resource Estimate (MRE) scheduled for Q2 2026.

The news is Routine - Positive. While the grades are high (8.6 g/t over 15m), they are consistent with the company's ongoing exploration success at Clarence Stream and follow a string of similar high-grade releases over the past six months. - Resource Growth: The results specifically target the "pit shells," suggesting an effort to convert inferred resources to indicated and increase the density of ounces per vertical meter. - Operational Momentum: The company has 88 holes currently pending assays across the Southwest, South, and North deposits. This indicates a massive backlog of data that will culminate in the Q2 2026 MRE. - Strategic Context: This follows the January 2026 PEA for the Estrades project (33% post-tax IRR) and the US$25M option agreement with Dowa Metals, which has effectively "de-risked" the secondary project, allowing Galway to focus capital on Clarence Stream.

Galway Metals is a Canadian explorer focused on two 100%-owned projects: - Clarence Stream (Flagship): A 65km-long district-scale gold system in New Brunswick. It is characterized by intrusion-related, quartz-vein hosted gold. It currently hosts a significant resource and is the focus of a 4-rig drill program. - Estrades: A former-producing, high-grade VMS (Gold-Zinc-Copper) project in Quebec. It recently received a positive PEA and is under an earn-in agreement with Dowa Metals.