Northwire Canada EditionTuesday, July 28, 2026
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LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results

Galway drills 15 m of 8.6 g/t Au at Clarence Stream

By The Northwire Desk — AI Analysis Mar 19, 2026 · 12:00 GWM · 0.59 Galway Metals Inc.
GWM · Price

Executive Summary

  • Galway Metals Inc. reported drill results from nine diamond drill holes at the Southwest deposit of its 100%-owned Clarence Stream high-grade gold project in New Brunswick, Canada.
  • The results highlight strong continuity of gold mineralization, extending high-grade zones closer to the surface, which is expected to contribute to an updated mineral resource estimate scheduled for Q2 2026.
  • Significant high-grade intercepts were identified, including 8.6 g/t Au over 15.0m and 110.0 g/t Au over 1.0m in hole BL-308, demonstrating near-surface potential.

Key Details

  • Hole BL-308: 8.6 g/t Au over 15.0 metres, including 110.0 g/t Au over 1.0 metre; located 50 vertical metres from surface.
  • Hole BL-309: 1.8 g/t Au over 17.0 metres, including 18.3 g/t Au over 1.0 metre; starting 24.0 metres from surface.
  • Hole BL-310: 0.8 g/t Au over 26.0 metres; starting 8.0 metres from surface.
  • Hole BL-269: 7.3 g/t Au over 2.0 metres, including 14.1 g/t Au over 1.0 metre.
  • Hole BL-268: 1.3 g/t Au over 3.0 metres (mentioned in text linking with BL-269).
  • Resource Context: The Clarence Stream project hosts a 2022 MRE of 12.4 Mt at 2.3 g/t Au indicated (922,000 oz) and 16.0 Mt at 2.6 g/t Au inferred (1,334,000 oz).
  • Pending Assays: 37 drill holes from the Southwest deposit, 17 from the South deposit, and 34 from the North deposit remain pending assays.
  • Geology: The deposits are intrusion-related, structurally controlled, quartz-vein hosted gold systems associated with pyrite, base-metal sulphides, and stibnite.
  • QA/QC: Samples assayed by Activation Laboratories, Agat Laboratories, and Swastika Laboratories (ISO/IEC 17025 accredited). Core recovery in mineralized zones averaged 99%.

Notable Quotes

  • "Drilling at the Southwest Deposit continues to highlight the strong continuity of gold mineralization across the Clarence Stream project. These results extend high-grade mineralization closer to surface and are expected to contribute to our upcoming updated mineral resource estimate scheduled for Q2 2026." — Rob Hinchcliffe, President and CEO
Read the original news release →

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