# Galway Metals Drilling Intersects 9.0 g/t Gold Over 6.0m Beginning 15.0m from Surface at Southwest Deposit *2026-02-24T07:00:00-05:00* Galway Metals Drilling Intersects 9.0 g/t Gold Over 6.0m Beginning 15.0m from Surface at Southwest Deposit **TORONTO, ON / [ACCESS Newswire](https://www.accessnewswire.com/)/ February 24, 2026 / **Galway Metals Inc. (TSX-V:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report drill results for 7 diamond drill holes at the Southwest Deposit in the Company's 100%-owned flagship Clarence Stream high-grade gold project in New Brunswick, Canada. The Clarence Stream Gold Project hosts district-scale potential, with an approximately 65-kilometre strike length of highly prospective gold showings and anomalies; and a 2022 MRE of 12.4 Mt @ 2.3 g/t Au Indicated for 922,000 oz., and 16.0 Mt @ 2.6 g/t Au Inferred for 1.334 M oz. gold from the NI 43-101 technical report titled "[Technical Report on the Clarence Stream Mineral Resource Project, New Brunswick, Canada](https://pr.report/ixkr)" dated March 31, 2022, by SLR Consulting Ltd. Rob Hinchcliffe, President and CEO of Galway stated, "The Southwest Deposit continues to deliver robust high-grade intercepts at shallow depths, reinforcing our interpretation of strong vertical and lateral continuity. By connecting mineralization from depth into the near-surface pit shells, we are working to enhance the overall coherence of the deposit. These results will be incorporated into our ongoing Mineral Resource Estimate update, which we anticipate releasing around the end of Q2. We believe this phase of drilling has the potential to positively influence the near-surface component of the resource and further highlight the open-pit potential at Clarence Stream." **Highlights**([_Plan Map_](https://pr.report/ixl1)) - **CL-242:**9.0 g/t Au over 6.0m, including 44.7 g/t Au over 1.0m; and 1.6 g/t Au over 15.0m - **CL-240:**52.3 g/t Au over 2.0m (including 104.0 g/t Au over 1.0m); 33.5 g/t Au over 2.0m (including 66.2 g/t Au over 1.0m); and 1.1 g/t Au over 20.0m - **CL-241:**2.8 g/t Au over 13.0m, including 8.0 g/t Au over 2.0m - **CL-243:**2.5 g/t Au over 6.0m, including 6.7 g/t Au over 1.0m - **CL-239:**1.4 g/t Au over 13.0m, including 5.8 g/t Au over 1.0m **Drilling Strengthens Near-Surface Gold Within Existing Resource Pit Shells** The seven drill holes reported herein are in the northeastern portion of the Southwest Deposit. Drilling was designed to fill gaps within existing resource pit shells and extend mineralization toward surface. On [_Section 1_](https://pr.report/ixl2), drill hole CL-242 returned 9.0 g/t Au over 6.0m beginning just 15 meters from surface. Nearby holes CL-240 and CL-243 intersected additional near-surface mineralization, including 1.1 g/t Au over 20.0m and 2.5 g/t Au over 6.0m, respectively. Deeper drilling along the resource pit margins also returned strong high-grade intercepts, including 52.3 g/t Au over 2.0m (including 104.0 g/t Ag over 1.0m) and 33.5 g/t Au over 2.0m (including 66.2 g/t Au over 1.0m) in CL-240 and 1.6 g/t Au over 15.0m in CL-242. On [_Section 2_](https://pr.report/ixl3), drilling continued to connect mineralization between previously reported holes, with CL-239 returning 1.4 g/t Au over 13.0m and CL-238 intersecting 1.0 g/t Au over 8.0m and 0.6 g/t Au over 9.0m. There are currently 44 drill holes from the Southwest Deposit with pending assays, including 7 holes located near the drill results reported in this release. For a complete list of Southwest Deposit assays, please refer to the [Assay and Coordinate Table](https://pr.report/ixl4). **Geology and Mineralization** 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. A more complete description of Clarence Stream's geology and mineralization can be found at [www.galwaymetalsinc.com](https://pr.report/ixl5). **Review by Qualified Person** The scientific and technical information contained in this news release has been reviewed and approved by Jesse Fisher, P.Geo., Project Manager for Clarence Stream and a Qualified Person as defined by National Instrument 43-101. Mr. Fisher certifies that this news release fairly and accurately reflects the technical information and data presented. Galway Metals conducts its exploration activities in accordance with CIM Best Practices Guideline