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Galway Metals increases Clarence Stream gold ground by 25%

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Galway Metals increases Clarence Stream gold ground by 25%

Galway Metals Inc. increased its land position at the Clarence Stream gold-antimony property in New Brunswick by 25% to 54,564 hectares.

The company entered an agreement in early August to acquire up to a 100% interest in the Clarence Stream project from Wolfden Resources Corp.

Galway Metals staked 463 claim units and acquired a further 11 claim units comprising the Lower Tower Hill property after early exploration efforts returned positive results.

The company entered an agreement with Globex Mining Enterprises Inc. to acquire Lower Tower Hill in exchange for 260,000 shares, subject to approval, as well as a 2.5% gross metal royalty on the claims.

Galway Metals is undertaking a drill program at Clarence Stream focused on extending and upgrading resources, with 11 drill holes completed to date.