Northwire Canada EditionWednesday, August 5, 2026
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LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7% LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7%
Drill Results

Clarence Stream Drilling Intersects 2.6 g/t Gold Over 16.0m Including 6.2 g/t Over 5.0m at Southwest Deposit

By The Northwire Desk — AI Analysis Jan 07, 2026 · 07:00 GWM · 0.8 Galway Metals Inc.
GWM · Price

Executive Summary

  • Galway Metals reported assay results from 11 diamond drill holes at the Southwest Deposit of its 100 % owned Clarence Stream gold project in New Brunswick.
  • Intercepts include notable grades such as 7.5 g/t Au over 2.0 m (BL‑289) and 6.5 g/t Au over 1.0 m (BL‑282), confirming continuity of mineralization and extensions beyond the 2022 resource pits.
  • The results support Galway’s infill drilling strategy, increase confidence in the existing resource model, and suggest potential for lateral and depth expansion; 32 additional drill holes remain pending assay.

Key Details

  • Drill Hole BL‑286: 2.6 g/t Au over 16.0 m, including 6.2 g/t Au over 5.0 m (Section 1).
  • Drill Hole BL‑282: 1.8 g/t Au over 8.0 m, including 6.5 g/t Au over 1.0 m (Section 2).
  • Drill Hole BL‑289: 7.5 g/t Au over 2.0 m.
  • Drill Hole BL‑279: 1.0 g/t Au over 7.0 m, confirming mineralization beneath the westernmost resource pit.
  • Holes BL‑286 through BL‑288 intersected wide, shallow zones outside the existing resource, demonstrating continuity to depth.
  • Additional holes (BL‑279 through BL‑282) targeted extensions below current pit outlines and successfully confirmed gold presence.
  • Pending Assays: Results for 32 further drill holes in the Southwest Deposit are expected in the coming weeks/months.
  • Resource Context: 2022 MRE – Indicated: 12.4 Mt @ 2.3 g/t Au (922,000 oz); Inferred: 16.0 Mt @ 2.6 g/t Au (1.334 M oz).
  • Financial Support: Up to $50,000 from the New Brunswick Junior Mining Assistance Program for 2025 exploration drilling.
  • Quality Control: Samples assayed by ISO/IEC 17025‑accredited labs; fire assay with gravimetric finish for Au; QA/QC includes blanks, standards, duplicates (1 per 20 samples) and 5 % check assays at a second lab. Core recovery averaged 99 %.
  • Qualified Person Review: Jesse Fisher, P.Geo., Project Manager – certified compliance with NI 43‑101.

Notable Quotes

“The latest drilling at the Southwest Deposit continues to demonstrate strong continuity of gold mineralization… These results are important in supporting our infill strategy and in confirming extensions where mineralization remains open…” – Rob Hinchcliffe, President & CEO

Read the original news release →

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