Key facts
| Company | Galway Metals Inc. (TSXV: GWM) |
|---|---|
| Commodity | Gold |
| Location | Canada |
| Stage | Early exploration |
About Clarence Stream Project
Galway Metals has a 100% undivided interest in the Clarence Stream gold project, which is located 70 kilometres (km) south-southwest of Fredericton in south-western New Brunswick, Canada. Galway’s land position comprises 60,465 hectares (149,412 acres) with 65 km of strike length (and a width of up to 28 km) along the Sawyer Brook Fault System, which straddles several intrusives that are believed to have created the conditions necessary for gold deposition.
News releases51 on file
Galway Metals Announces Filing of NI 43-101 Technical Report for Updated Clarence Stream Mineral Resource Estimate
An independent NI 43-101 technical report supporting the updated Mineral Resource Estimate for the 100%-owned Clarence Stream Gold Project in Southwestern New Brunswick has been filed on SEDAR+. The report, prepared by SLR Consulting (Canada) Ltd., has an effective date of May 29, 2026, and contains no material differences from the MRE disclosed in the Company's July 13, 2026 news release.
Resource updateGalway Metals Continues to Demonstrate Broad Gold Mineralization at Southwest Deposit; 2.0 g/t Gold Over 68.0 Metres
Assay results from 14 diamond drill holes at the Southwest Deposit of the 100%-owned Clarence Stream gold project in New Brunswick include BL-328 with 2.0 g/t Au over 68.0m (including 54.4 g/t Au over 1.0m) and a further 1.0 g/t Au over 52.0m starting 7.0m below. BL-311 returned 3.3 g/t Au over 23.0m, 6.3 g/t Au over 5.0m and 9.0 g/t Au over 3.0m; BL-329 returned 3.2 g/t Au over 11.0m and BL-294 2
Drill resultsGalway Metals Reports Broad Gold Intercepts from Southwest Deposit, Including 2.6 g/t Over 48.0 Metres
Assay results from 14 diamond drill holes at the Southwest Deposit of the 100%-owned Clarence Stream gold project in New Brunswick include 2.6 g/t Au over 48.0 metres in BL-323 (including 21.3 g/t Au over 2.0m and 9.9 g/t Au over 3.0m), 1.7 g/t Au over 31.0 metres in BL-322, 5.3 g/t Au over 5.0 metres in BL-316 and 3.1 g/t Au over 8.0 metres in BL-313. The holes were primarily infill drilling with
Drill resultsGalway Metals Commences Preliminary Economic Assessment at Clarence Stream Gold Project
BBA E&C Inc. has been engaged to complete a Preliminary Economic Assessment for the 100%-owned Clarence Stream Gold Project in southwestern New Brunswick, with completion expected during the first quarter of 2027. The study will be based on the July 13, 2026 updated resource estimate of 27.2 million tonnes grading 1.62 g/t Au for 1.42 million indicated ounces and 28.5 million tonnes grading 1.40 g
Study resultsGalway Metals Reports Updated Clarence Stream Mineral Resource Estimate
An updated mineral resource estimate for the 100%-owned Clarence Stream gold project in southwest New Brunswick reports Indicated resources of 27.2 million tonnes at 1.62 g/t Au containing 1.42 million ounces of gold and Inferred resources of 28.5 million tonnes at 1.40 g/t Au containing 1.29 million ounces, plus about 19,500 tonnes of contained antimony Indicated and 3,100 tonnes Inferred. The es
Resource updateGalway Metals Reports 5.0 g/t Gold over 10.85 Metres at North Deposit and Continues to Intersect Gold in Northern Extension
Assay results from 34 diamond drill holes at the North Deposit on the 100%-owned Clarence Stream gold project in New Brunswick include 5.0 g/t Au over 10.85 m in hole ND-61 (including 11.3 g/t over 2.0 m and 10.4 g/t over 2.0 m), 40.3 g/t Au over 1.55 m in ND-52, 2.1 g/t Au over 6.0 m in ND-50 and 3.9 g/t Au over 3.0 m in ND-44. Many holes tested a northern extension about 430 m north of the 2022
Drill resultsGalway Metals’ District-Scale Geophysics Defines High-Priority Target Corridor Between Clarence Stream’s Two Largest Gold Deposits
Preliminary results from the 2026 district-scale airborne geophysical program (HeliTEM, Resolve 5 and magnetics) at the 100%-owned Clarence Stream Gold Project in southwest New Brunswick define the South-Limb Target Trend, an interpreted 6-kilometre corridor between the South and Southwest deposits, along with a conductive graphitic marker horizon. The first drill hole, SL-01, was completed to 440
Drill resultsGalway Metals Reports High-Grade Gold Intercepts at Southwest Deposit Including 20.7 g/t Gold over 11.0 Meters
Drilling at the Southwest Deposit of the Clarence Stream gold project in New Brunswick returned 20.7 g/t Au over 11.0 m in hole CL-249, including 49.2 g/t Au over 4.0 m from 126.0 m, plus 6.0 g/t Au over 8.0 m in CL-252 and 7.6 g/t Au over 3.0 m in CL-251. Seven diamond drill holes targeted the GMZ and Adrian Zones; CL-246 and CL-248 returned no significant assays. Results feed an updated Mineral
Drill resultsGalway Metals Intersects 6.1 g/t Gold over 19.0m Including 18.3 g/t over 3.0m
Drilling at the South Deposit of the Clarence Stream gold project in New Brunswick returned 6.1 g/t Au and 0.2% Sb over 19.0m in hole CS-418, including 18.3 g/t Au over 3.0m and 20.6 g/t Au over 1.0m. Other holes returned 4.2 g/t Au over 4.0m (CS-426), 1.1 g/t Au and 0.2% Sb over 12.0m (CS-422), and 2.5 g/t Au and 0.4% Sb over 3.0m (CS-430). An updated Mineral Resource Estimate is underway with fo
Drill resultsGalway Launches District-Scale Geophysical Program to Accelerate Gold Discovery at Clarence Stream
A district-scale airborne geophysical survey program has commenced at the 100%-owned Clarence Stream gold project in southwest New Brunswick, comprising Resolve EM and deeper-penetrating HeliTEM EM surveys plus high-resolution magnetics, to be integrated with the 2020 VLF dataset across the approximately 65-kilometre prospective structural corridor, including the Eastern Block. Xcalibur Smart Mapp
Drill resultsGalway Metals Intersects Thick Gold-Antimony Mineralization at South Deposit, Including 6.1 g/t Au and 0.7% Sb Over 28.0m
Drilling at the South Deposit of the Clarence Stream gold project in New Brunswick returned 6.1 g/t Au and 0.7% Sb over 28.0m in hole CS-416, including 40.7 g/t Au and 0.7% Sb over 1.0m, and 3.6 g/t Au and 0.4% Sb over 26.0m in CS-417, including 12.4 g/t Au and 0.5% Sb over 5.0m. The nine holes are the first 2026 results; assays are pending for 8 more South holes, 37 at Southwest and 34 at North.
Drill resultsGalway Metals Intersects 8.6 g/t Gold Over 15.0m Including 110.0 g/t over 1.0m at Southwest Deposit
Drilling at the Southwest Deposit (Richard Zone) of the 100%-owned Clarence Stream gold project in New Brunswick returned 8.6 g/t Au over 15.0m, including 110.0 g/t Au over 1.0m, 50 vertical metres from surface in hole BL-308. Other holes returned 1.8 g/t Au over 17.0m (BL-309), 0.8 g/t Au over 26.0m (BL-310) and 7.3 g/t Au over 2.0m (BL-269). Assays are pending for 37 Southwest, 17 South and 34 N
Drill resultsGalway Hires Jason Flight as VP of Exploration, and Adds a Fourth Drill Rig at Clarence Stream
Jason Flight, P.Geo., has been appointed Vice President of Exploration effective March 18, 2026, and was granted 250,000 incentive stock options exercisable at C$0.70 per share, expiring March 3, 2031, subject to TSX Venture Exchange acceptance. Galway will also add a fourth drill rig dedicated to new discovery at its Clarence Stream gold project in southwest New Brunswick. The company expects to
ManagementGalway Metals Drilling Intersects 9.0 g/t Gold Over 6.0m Beginning 15.0m from Surface at Southwest Deposit
Drill results from seven diamond drill holes at the Southwest Deposit of the 100%-owned Clarence Stream gold project in New Brunswick include CL-242 with 9.0 g/t Au over 6.0m starting 15 metres from surface, including 44.7 g/t Au over 1.0m, and CL-240 with 52.3 g/t Au over 2.0m and 33.5 g/t Au over 2.0m. Assays are pending for 44 holes, and results will feed into a Mineral Resource Estimate update
Drill resultsGalway Metals Commences Updated Mineral Resource Estimate at Clarence Stream Gold Project
Work has begun on an updated NI 43-101 mineral resource estimate for the 100%-owned Clarence Stream gold project in southwest New Brunswick, with completion expected by the end of the second quarter of 2026. The update, prepared by SLR Consulting Ltd., will incorporate 342 diamond drill holes totaling 69,556 metres completed since the 2022 estimate of 12.4 Mt at 2.3 g/t Au Indicated for 922,000 oz
Resource updateClarence Stream Drilling Intersects 7.1 g/t Gold Over 10.0m Including 13.2 g/t Over 5.0m at Southwest Deposit
Drilling at the Southwest Deposit (George Murphy Zone) of the 100%-owned Clarence Stream gold project in New Brunswick returned 7.1 g/t gold over 10.0m, including 13.2 g/t over 5.0m, in hole CL-234; 2.7 g/t over 12.0m including 11.4 g/t over 2.0m in CL-237; and 7.9 g/t over 3.0m including 22.0 g/t over 1.0m in CL-232. Results cover seven diamond drill holes, with 48 Southwest Deposit holes awaitin
Drill resultsClarence Stream Drilling Intersects 2.6 g/t Gold Over 16.0m Including 6.2 g/t Over 5.0m at Southwest Deposit
Drilling at the Southwest Deposit at the Clarence Stream gold project in New Brunswick returned 2.6 g/t gold over 16.0m, including 6.2 g/t over 5.0m, in hole BL-286; BL-282 returned 1.8 g/t over 8.0m including 6.5 g/t over 1.0m, BL-289 returned 7.5 g/t over 2.0m, and BL-279 returned 1.0 g/t over 7.0m beneath the westernmost resource pit. Results from 11 diamond drill holes were reported, with assa
Drill resultsGalway Metals Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$11.5 Million and a Separate Non-Brokered Private Placement for Gross Proceeds of Approximately C$462,000
A brokered LIFE private placement closed for gross proceeds of approximately C$11,500,000, including full exercise of the agent's option, comprising 4,629,630 units at C$0.54 and 11,920,530 charity flow-through units at C$0.755, each with one-half warrant exercisable at C$0.80 until December 10, 2028. Red Cloud Securities was sole agent, receiving cash fees of about C$690,000 and 993,009 broker wa
FinancingGalway Metals Reports High-Grade Drilling at North Deposit With 18.0 g/t Gold Over 3.0m from 53m Depth
Drill results from ten diamond holes at the North Deposit of the Clarence Stream gold project in New Brunswick included 18.0 g/t gold over 3.0 metres, including 47.8 g/t gold over 1.0 metre, starting 53 vertical metres from surface (ND-40), plus 2.8 g/t over 7.0 metres from 25 metres (ND-36) and 2.5 g/t over 7.0 metres from 47 metres (ND-34). A further 29 holes (2,737 metres) remain pending, and o
Drill resultsGalway Metals Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million
A "best efforts" brokered private placement for gross proceeds of up to C$10,000,000.55 has been arranged with Red Cloud Securities Inc. as sole agent and bookrunner, comprising 3,703,704 units at C$0.54 and 10,596,027 charity flow-through units at C$0.755, each with one-half warrant exercisable at C$0.80 for 36 months. Red Cloud holds an option for up to an additional C$1,500,000. Proceeds will f
FinancingGalway Metals Intersects Thickest Gold Interval at Clarence Stream to Date: 1.1 g/t Gold over 88.0 Meters
Drilling at the Southwest Deposit of the Clarence Stream gold project in New Brunswick returned 1.1 g/t gold over 88.0m in hole CL-232, including 10.0 g/t over 1.0m and 7.5 g/t over 2.0m, the widest continuous mineralized interval reported by Galway to date, with assays pending from 281.0–400.0m where visible gold was seen at 331.4m. Hole CL-230 returned 4.3 g/t gold over 5.0m and 7.9 g/t over 3.0
Drill resultsGalway Metals Report High-Grade Gold Intercepts at Clarence Stream: 4.1 g/t Au Over 16m, Including 41.9 g/t Over 1.0m at Southwest Deposit
Drilling at the Southwest Deposit at the 100%-owned Clarence Stream gold project in New Brunswick returned 4.1 g/t gold over 16.0m, including 41.9 g/t gold over 1.0m, and 0.7 g/t gold over 17.0m in hole CL-229; CL-228 returned 1.8 g/t over 7.0m and CL-225 returned 1.2 g/t over 10.0m. Results cover six diamond drill holes, with assays pending for 21 additional Southwest Deposit holes and 21 North D
Drill resultsGalway Metals Intersects 8.4 g/t Gold over 4.0 Meters, 350 Meters from North Deposit
Drilling at the North Deposit on the 100%-owned Clarence Stream gold project in New Brunswick returned 8.4 g/t gold over 4.0 meters, including 27.4 g/t over 1.0 meter, in hole ND-21, drilled 350 meters north of the current block model; other results included 4.2 g/t over 5.0 meters (ND-19), 5.3 g/t over 3.0 meters (ND-10) and 5.6 g/t over 2.0 meters (ND-22). Results cover 11 diamond drill holes, w
Drill resultsGalway Metals Reports Processing Advancements at Clarence Stream Confirm Up to 98% Gold and 84% Antimony Recoveries
Metallurgical test work completed in Q2 2025 on diamond drill core from the Southwest, South and North deposits at the 100%-owned Clarence Stream gold project in New Brunswick confirmed a process flowsheet yielding gold extraction of 85–98% and antimony recovery of up to 84% using a hybrid Au-Sb cyanidation-flotation process on material containing up to 5% Sb. Material below 100 ppm Sb, about 75%
Study resultsGalway Metals Reports Clarence Stream Drilling Returns 11.6 g/t Gold Over 4.0 meters Including 20.7 g/t Over 2.0 meters
Drilling at the Southwest Deposit of the Clarence Stream gold project in New Brunswick returned 11.6 g/t gold over 4.0m, including 20.7 g/t over 2.0m, in hole BL-266, 3.0 g/t over 10.5m including 8.4 g/t over 3.0m in BL-260, and 1.3 g/t over 8.0m in BL-259. Results cover 8 diamond drill holes, with ten additional holes in the area awaiting assays. Since the start of 2025, 35 holes were completed a
Drill resultsGalway Metals Announces Final Option Payment for Royalty Buy Back at Its Clarence Stream Property
The sixth and final instalment of a royalty buy-back agreement first announced July 21, 2020 will be settled with a $125,000 cash payment plus 974,026 common shares at a deemed price of $0.385 per share, for a total deemed value of $375,000. The $3,000,000 agreement, paid in six equal annual instalments of $500,000, repurchased a 2.0% net smelter returns royalty on certain claims at the Clarence S
NewsNorth Deposit Expands 300 Meters With 6.4 g/t Gold Over 5.2 Meters; Third Rig Mobilizes
Drilling at the North Deposit on the 100%-owned Clarence Stream gold project in New Brunswick returned 6.4 g/t gold over 5.2 meters, including 27.6 g/t over 1.0 meters, in hole ND-18, plus 1.9 g/t gold and 0.3% antimony over 8.0 meters in ND-16 and 1.1 g/t gold with 1.1% antimony over 5.0 meters in ND-08. Results from 11 holes confirm continuity about 300 meters north of the 2022 resource boundary
Drill resultsThick Gold Intercepts Continue at Clarence Stream: 2.1 g/t Au over 36.0m Including 3.0 g/t Au over 21.0m
Results from 8 diamond drill holes at the Southwest Deposit of the 100%-owned Clarence Stream gold project in New Brunswick included CL-222 with 2.1 g/t gold over 36.0 metres, including 3.0 g/t over 21.0 metres, plus a separate intercept of 3.5 g/t over 10.0 metres including 20.6 g/t over 1.0 metre. CL-223 returned 2.8 g/t over 13.5 metres and CL-219 returned 2.8 g/t over 5.5 metres. All reported
Drill resultsGalway Metals Confirms Improved Au and Sb Recovery with Process Optimization
Q1 2025 metallurgical test work on drill core from the Southwest, South and North Deposits at the Clarence Stream gold project in New Brunswick returned gold extraction of 89–95% by direct cyanidation in samples containing less than 100 ppm Sb at a grind of 80% passing 75 µm, and 85–94% gold extraction in high-antimony material up to 5% Sb using a hybrid cyanidation-flotation process, with antimon
Study resultsGalway Drilling Extends Gold Mineralization 300 Meters at the Southwest Deposit, and 350 Meters at the North Deposit
Drilling at the Southwest Deposit of the Clarence Stream gold project in New Brunswick extended mineralization approximately 300 metres north from the 2022 resource models, with CL-206 returning 3.4 g/t gold over 5.0m including 11.1 g/t over 1.0m, CL-211 returning 3.1 g/t over 2.9m including 13.2 g/t over 0.5m, and CL-209 returning 0.92 g/t over 14.0m. Twelve holes from the area are pending assays
Drill resultsFirst Pass Gold Recoveries Reach 88% at SW Deposit, Clarence Stream Gold Deposit
Metallurgical testing on four PQ diamond drill holes from the Southwest, South and North Deposits at the Clarence Stream gold project in New Brunswick returned 84-88% gold extraction by direct cyanidation from 1.0 to 2.5 gpt Au head grades at <0.05% Sb, with a grind size of 80% passing 75 µm. Gravity plus flotation testing recovered 71-93% antimony at head grades up to 3.7% Sb. Follow-up testing o
Study resultsGalway Metals Intersects 26.9 g/t Gold over 8.6m; Including 368.0 g/t over 0.5m at the South Deposit
Drilling at the South Deposit of the 100%-owned Clarence Stream gold project in New Brunswick returned 26.9 g/t gold over 8.6 metres, including 368.0 g/t over 0.5 metres, in hole CS-414, with CS-400 returning 3.3 g/t over 3.0 metres and CS-399 1.9 g/t over 5.1 metres, from 12 diamond drill holes. The 2022 resource stands at 12.4 Mt @ 2.3 g/t Au indicated (922,000 oz) and 16.0 Mt @ 2.6 g/t Au infer
Drill resultsGalway Metals Intersects 29.1 g/t Gold over 4.0m; Including 68.2 g/t over 1.5m at the South Deposit
Drilling at the South Deposit of the Clarence Stream gold project in New Brunswick returned 29.1 g/t gold over 4.0 metres, including 68.2 g/t over 1.5 metres, in hole CS-407, with CS-401 returning 2.0 g/t over 8.0 metres and CS-403 2.6 g/t over 5.0 metres, from 11 diamond drill holes on the deposit's eastern side. Assays are pending for 13 holes on the western side. At the Southwest Deposit, hole
Drill resultsGalway Metals Intersects 1.5 g/t Gold over 26.5m; Including 5.7 g/t over 4.5m at the Southwest Deposit
Drilling at the Southwest Deposit of the 100%-owned Clarence Stream gold project in New Brunswick returned 1.5 g/t gold over 26.5 metres, including 5.70 g/t over 4.5 metres, in hole CL-200 starting 17 vertical metres from surface; CL-203 returned 1.8 g/t over 16.0 metres including 13.5 g/t over 1.5 metres, and CL-197 returned 0.8 g/t over 16.1 metres and 0.9 g/t over 16.5 metres. Assays are pendin
Drill resultsGalway Metals Announces Option Payment for Royalty Buy Back at Its Clarence Stream Property
The fifth of six annual payments under a July 21, 2020 royalty buy-back agreement will be settled with $125,000 in cash plus 806,452 common shares at a deemed price of $0.465 per share, totalling $375,000. The agreement covers the buy-back of a 2.0% net smelter returns royalty on certain claims at the Clarence Stream property in southwest New Brunswick for $3,000,000 in six equal annual instalment
NewsGalway Metals Intersects 19.5 g/t Gold over 4.2m, Second Drill to Expand South Deposit Resource
Drilling at the Southwest Deposit (Adrian Zone) of the Clarence Stream gold project in New Brunswick returned 19.5 g/t gold over 4.2 metres, including 45.9 g/t over 1.2 metres, in hole CL-179, plus 2.7 g/t over 4.5 metres in CL-190 and 1.4 g/t over 12.9 metres in CL-186, all outside the 2022 mineral resource estimate. Nine follow-up holes await assays. A second rig is being mobilized to target sha
Drill resultsGalway Metals Commences Additional Metallurgical Testing at Clarence Stream High-grade Gold Project
Additional metallurgical and process definition studies have begun at the 100%-owned Clarence Stream gold project in New Brunswick, expanding on previously completed work with an emphasis on gold recovery and process flowsheet definition. Testing will be conducted at McClelland Labs in Nevada on composite samples from the North, South, and Southwest zones, and will continue throughout 2024. Steve
Study resultsGalway Metals Drilling Expands Southwest Deposit at Depth with 114.1 g/t Gold over 2.0m Including 447.0 g/t Gold over 0.5m
Drilling at the Southwest Deposit at the 100%-owned Clarence Stream gold project in New Brunswick returned 114.1 g/t gold over 2 metres, including 447.0 g/t gold over 0.5 metres, in hole BL-251, extending mineralization 106 metres at depth from prior intercepts. BL-252 returned 7.43 g/t gold over 6 metres, while up-dip holes BL-253 and BL-249 returned 0.94 g/t over 6.5 metres and 0.53 g/t over 10
Drill resultsGalway Announces New Project Manager at Clarence Stream and New Head of Exploration
Two geologists have been promoted at Galway Metals: Jesse Fisher, with the company four years, becomes Project Manager of the Clarence Stream gold project in southwest New Brunswick, and Robert Richard, with the company five years, becomes Head of Exploration. The release also reiterates the roles of Phillip Walford as Chief Technical Advisor and Allan Moran as Senior Advisor. Clarence Stream has
ManagementGalway Metals Reports Solid Results from Oak Bay and Targets New Discoveries in 2024
Drilling at the Oak Bay property, 14 kilometres southwest of the Clarence Stream gold resource in southwest New Brunswick, returned 2.5 g/t gold over 5.6 metres, including 13.2 g/t gold over 0.6 metres, in hole OB-06, and 2.6 g/t gold over 2.7 metres in hole OB-16. The program comprised 19 holes over 5,130 metres, with 75% returning anomalous gold. The winter 2024 program will expand the existing
Corporate