Galway drills 16 m of 4.1 g/t Au at Clarence Stream

Executive Summary

• Galway Metals reported high‑grade gold intercepts from six diamond drill holes at the Southwest deposit of its flagship Clarence Stream project, including a standout 4.1 g/t Au over 16 m (41.9 g/t Au over 1 m).
• The results demonstrate continuity of mineralization within modeled pit shells and support potential conversion of inferred resources to indicated status, as well as the opportunity to expand the deposit beyond current pit boundaries.
• Assays are pending for an additional 42 holes (21 Southwest, 21 North) with three rigs currently operating, indicating further material updates expected in the coming months.

Key Details

• Hole CL‑229: 4.1 g/t Au over 16.0 m, including 41.9 g/t Au over 1.0 m (26 vertical m from surface); also 0.7 g/t Au over 17.0 m (Section 1).
• Hole CL‑228: 1.8 g/t Au over 7.0 m (16 vertical m from surface); 1.2 g/t Au over 9.0 m; 0.7 g/t Au over 10.0 m.
• Hole CL‑225: 1.2 g/t Au over 10.0 m, including higher‑grade sub‑intervals of 2.7 g/t Au over 3.0 m and 3.3 g/t Au over 3.0 m (Section 2).
• Resource Context: Clarence Stream’s 2022 NI 43‑101 MRE lists 12.4 Mt @ 2.3 g/t Au indicated (922,000 oz) and 16.0 Mt @ 2.6 g/t Au inferred (1,334,000 oz).
• Exploration Plan: Results from 42 additional holes (21 Southwest, 21 North) are pending assay; three drilling rigs remain active on the project.
• Geology Summary: Intrusion‑related, structurally controlled quartz‑vein gold system with associated pyrite, base‑metal sulfides, and trace elements (Bi, As, Sb, W).
• Quality Assurance: Samples assayed by four ISO/IEC 17025‑accredited labs; QA/QC includes blanks, standards, duplicates (1 per 20 samples) and ~5 % check assays. Core recovery in mineralized zones averages 99 %.
• Financial Support: Up to $50,000 from the New Brunswick Junior Mining Assistance Program allocated for 2025 exploration drilling.

Notable Quotes

“The high‑grade, shallow intercepts from recent drilling at the Southwest deposit are significant as they demonstrate continuity of gold within our modelled pits and support the conversion of inferred to indicated resources…intercepts outside of the existing pit shells highlight the opportunity to expand the deposit into a much larger resource.” – Rob Hinchcliffe, President & CEO, Galway Metals Inc.