Drill Results
Galway Metals Intersects 6.1 g/t Gold over 19.0m Including 18.3 g/t over 3.0m
Galway Metals Drilling Continuity at Clarence Stream Supports Q2 Resource Update Amidst Dowa JV Momentum

Executive Summary
- Galway Metals reported assay results from eight diamond drill holes at the South Deposit of its 100%-owned Clarence Stream gold project in New Brunswick.
- Key intercept includes CS-418: 6.1 g/t Au over 19.0m including 18.3 g/t Au over 3.0m and 20.6 g/t Au over 1.0m.
- Results demonstrate high-grade gold continuity near the surface, with significant intercepts of gold and antimony (Sb).
- An updated Mineral Resource Estimate is currently underway, supported by an active four-rig drilling program.
- Hole CS-418 is located approximately 30 metres northeast of previously reported hole CS-416, which returned similar grades (28.0m @ 6.1 g/t Au).
- Management states consistency of grade and thickness is increasing confidence in the core of the deposit for future development.
Material Impact
- The news confirms ongoing high-grade mineralization at the South Deposit, consistent with previous drilling results from March 2026 (CS-416) and earlier 2025 campaigns.
- While positive, this is not a "Game Changer" as it validates existing expectations rather than introducing new strategic pivots like the Dowa JV or major financing seen in early 2026.
- The results support the upcoming Q2 2026 Mineral Resource Estimate update but do not materially alter the project's economic profile on their own.
- Given the string of high-grade intercepts over the last year, the market has likely priced in this level of continuity; therefore, the impact is incremental rather than transformative.
- The inclusion of antimony grades continues to highlight the by-product potential, which remains a key differentiator for the project but requires metallurgical validation for economic modeling.
GWM · Price
Company Overview
- Flagship Project: Clarence Stream Gold Project (New Brunswick), 100% owned.
- Project Type: Multi-deposit gold-antimony system with open-pit potential.
- Current Resources (2022 MRE): Indicated 922,000 oz Au @ 2.3 g/t; Inferred 1.334 million oz Au @ 2.6 g/t.
- Secondary Project: Estrades Gold-Zinc-Copper-Silver project (Quebec), subject to Dowa Metals JV option.
- Metallurgy: Hybrid cyanidation-flotation process confirmed with up to 98% gold and 84% antimony recoveries in key zones.
- Infrastructure: Located in New Brunswick with access to roads, rail, power, and tidal ports; low-cost drilling environment (~$120/m).
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Jun 10, 2026 · 07:00