Toronto, Ontario, September 10, 2024 – Galway Metals Inc. (TSXV: GWM, OTCQB: GAYMF) (the “Company” or “Galway Metals”), is pleased to provide a corporate update for 2024. With the London P.M. Fix price of gold this year over 20% higher, now sitting over US$2,500 (just over CDN$3,400) on a per ounce basis, the Company remains focused on advancing its Canadian gold assets that include the flagship Clarence Stream gold project in New Brunswick (“Clarence Stream”) and the past-producing Estrades zinc-copper-lead-gold-silver mine in northwestern Quebec (“Estrades”) approximately 25 km east of the Casa Berardi gold mine operated by Hecla Mining Company. Projects like Clarence Stream and Estrades, located in excellent political jurisdictions, with good infrastructure supporting existing National Instrument 43-101 (“NI 43-101”) estimated mineral resources, will garner the bulk of investor interest.

Robert Hinchcliffe, President and CEO of Galway Metals stated, “With gold prices recently reaching multiple all-time highs, we look to continually improve the economics of our key projects as described below, through further mineral resource expansion and exploration drilling, updates to mineral resource estimates incorporating the results of additional drilling and higher metal prices and programs designed to improve project metallurgy and reduce costs. In addition, we continue to make personnel changes at both the project level and corporately at the management and Board level, in an effort to better prepare the Company to capitalize on these improved market conditions, while also providing robust news flow for investors.”

We are looking to make new gold discoveries at Clarence Stream and add high quality ounces to the existing NI 43-101 mineral resource estimate:

On the back of raising $4.5 million earlier this year, we presently have two drill rills running at our flagship Clarence Stream gold project. In total, we have drilled 29 holes (mostly in the South Zone), aimed at adding high quality ounces to our existing NI 43-101 estimated mineral resource and an additional 15 exploration holes focused on the potential for a new discovery. Assay results for these 44 drillholes are pending. It is expected that the Company will add a third drilling rig over the next month or so.

Updated the NI 43-101 Mineral Resource Estimate.... read & see more on
https://galwaymetalsinc.com/2024/09/galway-metals-provides-corporate-update-2/