Galway drills 10 m of 7.1 g/t Au at Clarence Stream

Executive Summary

• Galway Metals Inc. released drill results for seven diamond drill holes at the Southwest deposit of its 100%-owned Clarence Stream gold project in New Brunswick, Canada.
• The drilling program successfully linked high-grade gold mineralization from depth to surface and extended the resource footprint beyond the 2022 Mineral Resource Estimate (MRE) pit shells.
• Significant high-grade intercepts were reported, including 7.1 g/t Au over 10.0m and 7.9 g/t Au over 3.0m, reinforcing the district-scale potential of the project.

Key Details

• CL-234: Intersected 7.1 g/t gold over 10.0 metres, including 13.2 g/t gold over 5.0 metres.
• CL-237: Intersected 2.7 g/t gold over 12.0 metres (including 11.4 g/t over 2.0 m); 2.4 g/t over 11.0 metres (including 10.4 g/t over 1.0 m); and 2.3 g/t over 5.0 metres.
• CL-232: Intersected 7.9 g/t gold over 3.0 metres, including 22.0 g/t gold over 1.0 metre. This hole also contained a previously released intersect of 1.1 g/t gold over 88.0 metres.
• CL-233: Intersected 1.5 g/t gold over 9.0 metres and 1.0 g/t gold over 9.0 metres.
• CL-236 and CL-235: Successfully brought mineralization to surface and extended zones to the west, outside the 2022 resource footprint. CL-234 and CL-235 confirmed continuity by linking deeper zones to shallow mineralization on approximately 50-metre spacing.
• Resource Context: The 2022 MRE (National Instrument 43-101) reported 12.4 Mt at 2.3 g/t Au indicated for 922,000 oz, and 16.0 Mt at 2.6 g/t Au inferred for 1.334 Moz gold.
• Future Drilling: There are currently 48 drill holes from the Southwest deposit with pending assays, including 11 holes near the reported results, expected to be released in the coming weeks and months.
• Geological Setting: The deposits are intrusion-related, structurally controlled, quartz-vein hosted gold deposits hosted in intrusive and metasedimentary rocks within high strain zones. Mineralization includes pyrite, base metal sulphides, and stibnite with anomalous bismuth, arsenic, antimony, and tungsten.
• Funding: Galway acknowledged financial support from the New Brunswick Junior Mining Assistance Program, contributing up to $50,000 toward exploration drilling in 2025.
• QA/QC: Samples were assayed by Activation Laboratories, Agat Laboratories, and Swastika Laboratories (all ISO/IEC 17025 accredited). Core recovery in mineralized zones averaged 99%.

Notable Quotes

• "High-grade and fairly wide gold intercepts like these, excite the management team at Galway Metals, as we continue to build our flagship open pit resource... Our drilling is designed not just to confirm continuity, but to build confidence in new resource potential, and these results reinforce the rationale for advancing Clarence Stream on multiple fronts." — Rob Hinchcliffe, President and CEO