Galway Metals is a well-financed company with 3 high-grade gold properties located in New Brunswick and Quebec, Canada. Galway's flagship property is the Clarence Stream Project
located 70 kilometres (km) south-southwest of Fredericton in southwest New Brunswick. Clarence Stream comprises 45 km of strike length of the Sawyer Brook Fault System and straddles several intrusives, which are believed to have created the conditions necessary for gold deposition at Clarence Stream. The property hosts Indicated Resources of 182,000 ounces of gold at 6.9 g/t (9.1 g/t uncut), plus Inferred Resources of 250,000 oz at 6.3 g/t (8.0 g/t uncut). The property also hosts antimony, with Indicated Resources totalling 7.3 mm lb at 2.9% Sb.
is a former producing, high-grade property located in western Quebec, Canada, approximately 95 km north of the town of La Sarre. Galway recently commissioned Roscoe Postle Associates (RPA) to provide an updated NI 43-101 compliant resource estimate, which included Indicated Resources of 1,300,000 tonnes grading 8.0% Zn, 3.9 g/t Au, 1.1% Cu, 137.9 g/t Ag, and 0.65% Pb plus Inferred Resources of 1,219,000 tonnes grading 4.3% Zn, 1.5 g/t Au, 1.5% Cu, 68.6 g/t Ag, and 0.26% Pb.
The Casa Berardi Break
is a major but underexplored gold-bearing fault system immediately adjacent to the north of Estrades. This property is located 24 km along strike from the Casa Berardi mine (owned by Hecla Mining), which has produced approximately 1.9 million ounces (mm oz) of gold grading 6.9 grams per tonne (g/t), and has Proven and Probable Reserves of 1.3 mm oz grading 4.5 g/t Au, Indicated Resources of another 1.3 mm oz grading 4.1 g/t Au, and Inferred Resources adding a further 0.5 mm oz grading 6.2 g/t Au.
Galway Metals began trading on January 4, 2013, after the successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. With substantially the same management team and Board of Directors, Galway Metals is keenly intent on creating similar value as it had with Galway Resources.
Casa Berardi Break