Galway Metals GWM

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3 months 2 weeks ago #126669 by ron
ron replied the topic: Galway Metals GWM
Also bought shares alexgreat !!!!

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3 months 2 weeks ago #126642 by alexgreat
alexgreat created the topic: Galway Metals GWM
This is a spectacular junior I bought a good chunk in and got RonS permission to highlight a few things from his report here

Galway has 3 dozen institutional shareholders;

Strong insider ownership at 21%;

Two advanced stage projects in Canada with drilled resources;

Clarence Stream, New Brunswick first mover status, 100% control of 65 kms of strike in emerging gold belt;

Clarence Stream, 2017, 43-101 of 390k gold ounces M&I with 277k gold ounces inferred;

Clarence Stream resources are in just 2 of 6 deposits and all 6 open to expansion;

>140,000 meters of historic/recent drilling and adjacent to Mount Pleasant Mill;

Current 100,000 meters drill program with 7 rigs underway at Clarence Stream;

Estrades Pollymetallic project, Quebec, a 10,000 meter drill program underway;

High grade Gold/Zinc resource, 540,000 Au equivalent Indicated resource, plus 520,000 Au equivalent Inferred resource (NI 43-101 report here);

Strong expansion potential, Apr 19th drill hole 57 with 10.7 g/t gold, 423 g/t silver, 22.8% zinc, 2.8% copper and 2.6% lead over 2.7 metres;

Strong financial position, CDN$24 million cash and no debt.



Galway has a 100,000 meter drill program with 7 rigs underway at Clarence Stream. The near term focus is to expand the Jubilee, Richard, GMZ and Adrian zones and test other highly prospective targets. The last drill news was March 30th .

galwaymetalsinc.com/2021/03/galway-metal...-at-clarence-stream/
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