Galway Metals Inc. Reports a Record-Setting Gold Intercept at Clarence Stream

On 13 May 2026, Galway Metals Inc. (TSXV:GWM, OTCQB:GAYMF) announced the results of a recent diamond‑drilling campaign at its 100‑percent owned Clarence Stream Gold Project in New Brunswick, Canada. The company disclosed that one of the seven holes—CL‑249—intersected 20.7 g/t Au over 11 m (Section 1), including an exceptionally high‑grade section of 49.2 g/t Au over 4 m beginning at 126 m depth. The finding was highlighted as a “strong continuation of high‑grade gold mineralization” in the northeastern quadrant of the Southwest Deposit.

Contextualizing the Intercept

The Clarence Stream project is situated along an approximately 65 km trend that hosts district‑scale potential. According to the company’s 2022 Mineral Resource Estimate, the deposit is graded 2.3 g/t Au over 12.4 Mt (indicated, 922,000 oz) and 2.6 g/t Au over 16.0 Mt (inferred, 1.334 million oz). The new drill results, which targeted the GMZ and Adrian zones, reinforce the structural controls that focus high‑grade mineralization within quartz‑vein and quartz‑stockwork systems associated with brittle‑ductile fault zones.

Rob Hinchcliffe, President and CEO, stated: “These results continue to demonstrate the strong continuity of high‑grade gold mineralization in the northeastern portion of the Southwest Deposit… The robust intercepts returned in this drilling, particularly in hole CL‑249, continue to strengthen our understanding of this area of the deposit and provide important information on the structural controls influencing higher‑grade mineralization.”

Drill Program Highlights

  • CL‑249: 20.7 g/t Au over 11.0 m (including 49.2 g/t Au over 4.0 m at 126.0 m).
  • CL‑252: 6.0 g/t Au over 8.0 m (including 18.3 g/t Au over 2.0 m).
  • CL‑251: 7.6 g/t Au over 3.0 m (including 21.0 g/t Au over 1.0 m).

Additional holes (CL‑246, CL‑248) were drilled southeast of the target area to test a conceptual fold limb or vertically oriented mineralized zone. Although these did not yield significant assays, the data will inform future geological interpretation and drilling focus.

Market and Company Overview

Galway Metals operates primarily as a materials exploration entity with a focus on metals and mining. In addition to the Clarence Stream project, the company manages a zinc, copper, and gold mine in Quebec and gold projects in New Brunswick. The company trades on the TSX Venture Exchange under the ticker GWM and is also listed on OTCQB. As of 13 May 2026, its share price closed at CAD 0.61, with a market capitalization of CAD 80 360 000. The stock has exhibited volatility, ranging from a low of CAD 0.35 in July 2025 to a high of CAD 1.01 in January 2026.

Implications for Investors and the Industry

The intercepts reported by Galway Metals add tangible value to an already promising district‑scale resource. High‑grade zones such as those discovered in CL‑249 can accelerate the economic case for future development, potentially lowering the cost of production per ounce of gold. For investors, the results signal a positive trajectory for a company that has historically operated under tight financial constraints and modest market capitalization. The company’s continued focus on refining its geological model and expanding drilling plans may enhance shareholder value in the medium term.

The disclosure was made via a joint press release on 13 May 2026, available through both StockWatch and Access Newswire, underscoring the company’s commitment to transparent communication with the investment community.

Source: www.stockwatch.com , www.finanznachrichten.de , ceo.ca