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| Home : Galway Metals Consolidates Highly Prospective Clarence Stream Gold District in New Brunswick, Canada |
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Aug 04
2016 |
Galway Metals Consolidates Highly Prospective Clarence Stream Gold District in New Brunswick, Canada |
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TORONTO, ONTARIO--(Marketwired - Aug. 3, 2016) - Galway Metals Inc. (TSX VENTURE:GWM) (the "Company" or "Galway") is pleased to announce that it has entered into an Option Agreement to acquire a 100% undivided interest in Wolfden Resources Corporation's Clarence Stream property located 70 kilometres (km) south-southwest of Fredericton in south-western New Brunswick, Canada. In conjunction with this acquisition, Galway has also acquired Jubilee Gold Exploration Ltd.'s Birneys Lake property, which is adjacent on the south side of Wolfden's Clarence Stream property, and the Company has staked a significant number of additional claims both to the east and west of Clarence Stream. The consolidated land position comprises 45 km of strike length of the Sawyer Brook Fault System and straddles several intrusives, which are believed to have created the conditions necessary for gold deposition at Clarence Stream (Figure 1 and for more information please review Galway's presentation). |
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| Source:http://www.marketwired.com/mw/release.do?id=2147564&sourceType=3 |
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