Galway drills four m of 8.4 g/t Au at Clarence Stream

Executive Summary

• Galway Metals reported high‑grade gold intercepts at the North deposit, including 8.4 g/t Au over 4.0 m (27.4 g/t Au over 1.0 m) located 350 m north of the current resource model.
• Intercepts were shallow (25–46 m depth), enhancing open‑pit potential and effectively doubling the footprint of the easternmost pit area.
• The company has three drill rigs active, with additional drilling planned at North, Southwest, and South deposits to expand resources and test high‑priority targets.

Key Details

• Hole ND-21: 8.4 g/t Au over 4.0 m (including 27.4 g/t Au over 1.0 m) – stepped out 350 m north of the block model.
• Hole ND-19: 4.2 g/t Au over 5.0 m.
• Hole ND-10: 5.3 g/t Au over 3.0 m (including 9.6 g/t Au over 0.5 m).
• Hole ND‑22: 5.6 g/t Au over 2.0 m (including 10.2 g/t Au over 1.0 m).
• Intercepts occur at very shallow depths (25–46 m), favorable for open‑pit mining.
• Follow‑up drilling is underway to test continuity both to surface and at depth; 20‑40 additional holes planned in the North area plus 17 pending assays.
• Three drill rigs currently active: two on Southwest deposit, one on North deposit; one rig will be redeployed to South deposit in coming months for high‑grade open‑pit targeting and nearby exploration targets.
• Geological model: intrusion‑related, structurally controlled quartz‑vein gold system with associated pyrite, base‑metal sulfides, stibnite, and trace elements (Bi, As, Sb, W).
• Quality control: samples assayed by four ISO/IEC 17025‑accredited labs; fire assay with gravimetric finish for Au; QC inserts blanks/standards every 20 samples; ~5 % of pulps/rejects cross‑checked at a second lab.
• Financial support: New Brunswick Junior Mining Assistance Program to contribute up to $50,000 toward 2025 exploration drilling.

Notable Quotes

“Clarence Stream continues to deliver strong results, with high‑grade gold intercepts stepping out 350 metres beyond the current resource, effectively doubling the footprint of our easternmost pit… these intercepts occur at very shallow depths of just 25 to 46 metres from surface, making them particularly attractive for potential open‑pit mining.” – Rob Hinchcliffe, President & CEO

Materiality Assessment: Material – Positive (significant high‑grade, near‑surface drill results that materially enhance the project's open‑pit potential and resource footprint).