Galway Metals drills 3m of 18 g/t Au at Clarence Stream

Executive Summary

• Galway Metals Inc. released high-grade drill results from 10 diamond drill holes at the North deposit of its Clarence Stream gold project in New Brunswick, Canada.
• The results highlight significant high-grade intercepts, including 18.0 g/t Au over 3.0m, underscoring the strength of shallow mineralization and expanding the known mineralized footprint.
• The company has 29 drill holes (2,737 metres) pending at the North deposit and plans to move a rig to the South deposit to begin drilling there shortly.

Key Details

• Drill Results - North Deposit:
  • ND-40: 18.0 g/t gold over 3.0 metres, including 47.8 g/t gold over 1.0 metre, starting 53 vertical metres from the surface.
  • ND-36: 2.8 g/t gold over 7.0 metres, starting 25 vertical metres from the surface.
  • ND-34: 2.5 g/t gold over 7.0 metres, starting 47 vertical metres from the surface.
• Exploration Strategy & Pending Work:
  • Holes ND-34 and ND-36 were completed to tighten spacing and evaluate continuity within areas of the existing 2022 Mineral Resource Estimate (MRE).
  • Holes ND-40 and seven other holes focused on expanding the known mineralized footprint in the eastern portion of the North deposit, where a 350-metre trend extending beyond the current resource pit outline was recently identified.
  • A total of 29 drill holes (2,737 metres) remain pending at the North deposit, including hole ND-61 which contains visible gold.
  • Management plans to move one of three rigs to the South deposit (the highest-grade resource at Clarence Stream) to begin drilling shortly.
• Project Context (Clarence Stream):
  • Located in New Brunswick, Canada; 100% owned by Galway Metals.
  • District-scale potential along a 65-kilometre strike length.
  • 2022 MRE (NI 43-101):
    • Indicated: 12.4 Mt at 2.3 g/t Au for 922,000 ounces.
    • Inferred: 16.0 Mt at 2.6 g/t Au for 1,334,000 ounces.
• Geology:
  • 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, stibnite, and anomalous concentrations of bismuth, arsenic, antimony, and tungsten.
• Financial Support:
  • Received up to $50,000 in financial support from the New Brunswick Junior Mining Assistance Program for exploration drilling in 2025.
• Technical Review:
  • Reviewed and approved by Jesse Fisher, PGeo, a qualified person under NI 43-101.
• QA/QC Protocols:
  • Assayed by Activation Laboratories, Agat Laboratories, and Swastika Laboratories (all ISO/IEC 17025 accredited).
  • Core recovery in mineralized zones averaged 99%.
  • Standards, blanks, and duplicates inserted at one per 20 samples; ~5% of pulps/rejects sent for check assaying.

Notable Quotes

• "Today's results continue to underscore the strength of the shallow mineralization at the North deposit. We still have 29 holes pending from this area, which will help refine our understanding of the size and continuity of the near-surface system. As we work through these results, we are also planning to move one of our three rigs to the highest-grade resource at Clarence Stream, the South deposit, to begin drilling there shortly. We look forward to updating shareholders as results from both areas become available." — Rob Hinchcliffe, President and CEO