Galway Metals Inc - GAYMF stock
OTC Symbol: GAYMF | OTC Tier: OTCQB | Related ticker symbols: TSXV: GWM
About[edit]
Galway Metals Inc. is a Canadian company that focuses on acquiring, exploring, and developing mineral resource properties, with a primary emphasis on gold, zinc, copper, silver, and lead deposits; it owns a 100% interest in the Clarence Stream project in southwest New Brunswick, Canada, as well as the Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims in western Quebec, Canada; the company was established in 2012 and has its headquarters in Toronto, Canada.[1]
History[edit]
Galway Metals Inc. was founded in 2012 as a Canadian mineral exploration company. The company was established with the purpose of acquiring, exploring, and developing mineral resource properties, with a primary focus on precious and base metals, such as gold, zinc, copper, silver, and lead.[2]
Galway Metals started its journey by assembling a portfolio of mineral properties in Canada, targeting regions with high potential for significant mineral deposits. The company's strategic approach involved identifying areas with favorable geology and historical exploration data, allowing them to concentrate on properties with promising prospects.[3]
One of the key projects in Galway Metals' portfolio is the Clarence Stream project, located in southwest New Brunswick, Canada. This project has been a primary focus for the company's exploration and development efforts, with a particular emphasis on gold resources. In addition to the Clarence Stream project, Galway Metals also acquired the Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims, located in western Quebec, Canada. These properties further enhanced the company's position in the exploration and mining sector.[3]
Projects[edit]
Clarence Stream[edit]
Galway Metals Inc. is advancing its 100%-owned Clarence Stream gold project in southwest New Brunswick, Canada, a high-grade, open-pitable gold district spanning 60,465 hectares with a 65 km strike length along the Sawyer Brook Fault System. The project, located 70 km south-southwest of Fredericton, hosts intrusion-related, quartz-vein gold deposits with indicated resources of 922,000 ounces at 2.31 g/t and inferred resources of 1,334,000 ounces at 2.60 g/t, as per a 2022 update. The deposits feature quartz stockworks and veins with pyrite, base metal sulfides, and stibnite, alongside anomalous bismuth, arsenic, antimony, and tungsten. With a mining-friendly jurisdiction, excellent infrastructure, and ongoing drilling programs targeting resource expansion, Clarence Stream is positioned as an emerging gold district with significant exploration potential.[4]
Estrades[edit]
Galway Metals Inc. fully owns the Estrades project, a former high-grade, gold-rich polymetallic volcanogenic massive sulfide (VMS) mine in Quebec’s northern Abitibi region, covering 20,915 hectares along the Casa Berardi trend, 95 km north of La Sarre. Previously mined by Breakwater Resources Ltd. in 1990-91, it produced 174,946 tonnes grading 12.9% Zn, 6.4 g/t Au, 1.1% Cu, and 172.3 g/t Ag. The 2018 resource estimate reported 543,051 gold equivalent ounces (AuEq) indicated at 11.3 g/t and 520,430 AuEq ounces inferred at 7.4 g/t, with significant zinc equivalent grades. Galway initiated a 2024 NI 43-101 resource update and metallurgical testing, incorporating 42,099 meters of drilling since 2018, reflecting higher metal prices, particularly gold (up 38%), to enhance project economics. The project’s 31 km strike length and proximity to operating mills underscore its exploration potential and development prospects.[5]
- ↑ Yahoo Finance. GAYMF Stock Profile. Retrieved on 11/27/2023.
- ↑ Crunchbase. Organization - Galway Metals. Retrieved on 11/27/2023.
- ↑ 3.0 3.1 galwaymetalsinc.com. Home. Retrieved on 11/27/2023.
- ↑ galwaymetalsinc.com. Clarence Stream Project. Accessed on 4/28/25. Archive link.
- ↑ galwaymetalsinc.com. Estrades Project. Accessed on 4/28/25. Archive link.
