Additional Metallurgical Testing At Clarence Stream High Grade Gold Project

Additional Metallurgical Testing At Clarence Stream High Grade Gold Project

TORONTO – Galway Metals Inc. President and CEO, Roberty Hinchcliffe said, “The Company has commenced additional metallurgical and process definition studies for Clarence Stream high-grade gold project in New Brunswick, Canada. Haggarty Technical Services Corp, is supporting the test program, which involves an integrated approach expanding on previously completed studies aimed at advancing process flowsheet definition with an emphasis on gold recovery. We are very excited to continue to advance and derisk our Clarence Stream gold project with this additional metallurgical and process work. I am very pleased we have the support of Steve Haggarty, whose resume is highlighted below, and we look forward to reporting on the metallurgical progress we make in the coming months.”

The Clarence Stream deposits can be characterized as intrusion-related, structurally controlled, quartz-vein hosted gold deposits. These deposits consist of quartz veins and quartz stockwork within brittle-ductile fault zones that include adjacent crushed, altered wall rocks and veinlet material. The mineralized systems are hosted in intrusive and metasedimentary rocks within high strain zones controlled by regional fault systems. Pyrite, base metal sulphides, and stibnite occur in these deposits along with anomalous concentrations of bismuth, arsenic, antimony, and tungsten. Alteration in the host rocks is confined within a few metres of quartz veins and occurs mainly in the form of sericitization and chloritization.