Galway Metals Inc. bought 14 claims next to its Estrades project in Quebec, where it is exploring for base and precious metals.
The company paid Radisson Mining Resources Inc. 150,000 Galway Metals shares along with 75,000 share purchase warrants, exercisable at 50 Canadian cents per share for two years.
The claims hold promise for base and precious metals, according to Galway Metals, and cover ground contiguous to other claims it owns where it plans to look for geophysical signatures of new deposits. Geophysical surveys are planned in February.
Galway Metals also reported that it started a 13,000-meter drill program in January, targeting the Estrades deposit for extensions as well as another target it calls Newiska.
At Estrades, Galway has defined 1.3 million tonnes in indicated resources grading 7.95% zinc, 3.89 g/t of gold, 137.9 g/t of silver, 1.12% copper and 0.65% lead. The property also hosts inferred resources of 1.2 million tonnes grading 4.31% zinc, 1.54 g/t of gold, 68.6 g/t of silver, 1.46% copper and 0.26% lead.
