Junior Miner Delivers Breakthrough Drill in Canada
Galway Metals Inc. (GWM:TSXV; GAYMF:OTCQB) intersected 8.4 g/t gold over 4.0 meters in a step-out hole 350 meters beyond the existing North Deposit resource. Read how the shallow intercept could significantly reshape the open-pit potential at Clarence Stream.
Galway Metals Inc. (GWM:TSXV; GAYMF:OTCQB) announced the results of 11 new diamond drill holes at the North Deposit of its 100%-owned Clarence Stream Gold Project in New Brunswick, Canada. The results include an intercept of 8.4 grams per tonne (g/t) gold over 4.0 meters, including 27.4 g/t gold over 1.0 meter, located 350 meters from the existing resource block model. According to the company, this step-out has doubled the potential footprint of the easternmost pit, with mineralization encountered at shallow depths between 25 and 46 meters from surface.
According to President and CEO Rob Hinchcliffe in a call with Streetwise Reports, "Clarence Stream continues to deliver strong results," with intercepts at shallow depths between 25 and 46 meters from surface. He added that the mineralization is "particularly attractive for potential open-pit mining," and confirmed that three drill rigs are currently active on the property. This includes two at the Southwest Deposit and one expanding the North Deposit.
In addition to the headline hole (ND-21), Galway reported other high-grade intervals, including 4.2 g/t gold over 5.0 meters, 5.3 g/t gold over 3.0 meters (including 9.6 g/t over 0.5 meters), and 5.6 g/t over 2.0 meters (including 10.2 g/t over 1.0 meter). These results build on a 2022 mineral resource estimate totaling 2.25 million ounces of gold across the Clarence Stream system.
Galway executives emphasized during a recent investor call that the company sees Clarence Stream as both a gold and antimony asset. "We have a super compelling valuation," said Hinchcliffe. "With the Clarence Stream project, significant upside would be an understatement." He added, "I've done it before, and I'm going to do it again with a bigger project and in a better jurisdiction." Following additional metallurgical testing in Q2 2025, the company reported gold recoveries of 89 to 95 percent from antimony-free zones and 85 to 98 percent from antimony-bearing material, along with up to 84 percent antimony recovery using a hybrid cyanidation-flotation process. "The successful confirmation of our gold-antimony recovery process highlights the strength of Clarence Stream's metallurgical profile," said Hinchcliffe. "It's a significant de-risking milestone that improves expected gold recoveries while adding a strategic critical mineral component to the project through antimony."
The testing, conducted by Haggarty Technical Services and SGS Lakefield, confirmed that approximately 75 percent of the deposit yielded 89 to 95 percent gold extraction via standard cyanidation. For material with elevated antimony content, gold extraction reached up to 98 percent and antimony recovery up to 84 percent using a sequential process involving direct cyanidation followed by flotation. Galway stated that this process improved overall gold recovery by an average of 15 percent in the tested zones.
The Clarence Stream resource spans three main deposits (Southwest, South, and North), all of which remain open for expansion. The North Deposit currently contains 86,000 ounces (Indicated) and 140,000 ounces (Inferred), with mineralized veins dipping shallowly and extending less than 85 meters deep to date.
Management confirmed that follow-up assays from the current program will be released every two to three weeks. According to internal tracking, the next batch is currently under review, and results will be spaced out to maintain consistent market engagement.
Galway conducts exploration in accordance with CIM Best Practices Guidelines. The technical content of the drill program was reviewed and approved by Jesse Fisher, P.Geo., the company's Project Manager and a Qualified Person under NI 43-101.
*In response to a question about analyst coverage, Galway confirmed that John Newell remains the company's most current independent voice, having recently reiterated a "Speculative Buy" rating and identified CA$0.90 as a near-term technical target following a breakout above CA$0.70. "We've already hit his second target," said a company representative, referencing Newell's chart from earlier in the week. "Now the question is what's next, and that's a good question to have."
Additional catalysts, including a scoping study for the Estrades Project in Quebec, remain on track for the fourth quarter of 2025. Galway also noted ongoing conversations with newsletter writers and institutional holders regarding coverage and visibility.
Gold Widens Outperformance as Inflation Concerns Mount
Gold maintained its upward trajectory in early September, outperforming equities and other asset classes amid rising inflationary pressures. On September 3, Gains, Pains & Capital reported a single-day gain of up to US$85, pushing gold to a new all-time high of US$3,601 and bringing its year-to-date increase to 34%. The report described the move as a reaction to "BAD inflation" and noted similarities to previous cycles where gold strength coincided with broader market instability.
On September 4, Midas Letter expanded on the macroeconomic context, citing a "hyper-inflationary race to the bottom for USD" as a driving force behind the rally. The publication reported spot gold reaching US$3,578.50, with December futures climbing above US$3,610. Writer James West pointed to the U.S. Treasury's growing reliance on short-term debt instruments, calling it "a relentless, high-frequency churn of trillions of dollars." He noted that gold's performance had "reasserted its role as the safe haven asset for global investors."
By September 5, Stockhead reported that gold had reached US$3,556 per ounce based on London Bullion Market Association pricing, marking nearly 30 record highs in 2025. Analysts at State Street Global Investment Management cited ongoing concerns over stagflation, equity market volatility, and central bank credibility as key drivers. "Gold continues to shine as a leading US$ denominated asset class for another calendar year," said Aakash Doshi and his team, also pointing to growing physical demand from both central banks and investment channels. They noted that gold prices had already risen 18% in the post-rate-pause environment.
Analysts Highlight Value in Galway's Dual Asset Portfolio
*According to John Newell of John Newell & Associates, Galway Metals Inc. was viewed as a "Speculative Buy" in his August 6 commentary. He described the company as an "advanced-stage Canadian gold and antimony explorer with one of the more compelling district-scale portfolios in Eastern Canada." Newell highlighted that Galway had already defined 2.25 million ounces of high-grade gold at Clarence Stream and held a past-producing polymetallic VMS project at Estrades.
Newell pointed to the company's financial position and structure as strengths, noting a market capitalization of approximately CA$47 million, no debt, and more than CA$5 million in cash. He emphasized that management, insiders, and institutions held approximately 20% of the company's shares. He stated that "with two 100%-owned flagship projects, no debt, and institutional backing, Galway's valuation appears disconnected from what's in the ground, and what's still to be discovered."
On the Clarence Stream project, Newell cited the infrastructure advantages of its New Brunswick location, including access to paved roads, rail, and one of the lowest-cost electricity grids in Canada. He referred to Clarence Stream as a "gold-antimony dual asset" and highlighted the presence of 25 million pounds of antimony in addition to gold resources, calling it "perhaps the most overlooked element" of the project. Newell also referenced recent drill results at Clarence Stream, which included 26.9 g/t gold over 8.6 meters, and cited CEO Robert Hinchcliffe's view that the system remained open in all directions.
Newell further commented on Galway's management, describing CEO Robert Hinchcliffe as a "proven builder" who previously sold Galway Resources for US$340 million and had purchased 2.7 million shares of Galway Metals on the open market over the prior two years.
Regarding the Estrades Project in Quebec, Newell noted its historical grades of 6.4 g/t gold, 172 g/t silver, and 12.9% zinc. He stated that over 230,000 meters had been drilled to date, and CA$20 million had already been invested in development. He identified the project as undergoing metallurgical optimization and a scoping study, with a focus on defining deeper VMS feeder systems.
Newell concluded that Galway Metals offered "undervalued optionality" and mentioned several upcoming catalysts, including continued drilling at Clarence Stream, resource expansion efforts, metallurgical testing, and a potential resource update planned for early 2026.
Targeting Near-Surface Expansion and Untested Gold Corridors
Galway currently has three active drill rigs at Clarence Stream. Two are operating at the Southwest Deposit, focused on tightening drill spacing and expanding mineralization toward surface. The third rig is at the North Deposit, pursuing extensions of newly intersected high-grade zones.
In the coming months, one of the rigs is scheduled to move to the South Deposit to target high-grade open pit zones and test nearby high-priority exploration targets. According to the company's corporate presentation, the Clarence Stream project holds district-scale potential with a 65-kilometer strike length and over a dozen untested, drill-ready targets. The current resource area occupies less than 7% of the total land package.
Recent metallurgical testing across the Clarence Stream deposits confirmed gold recoveries of 89 to 95 percent in antimony-free zones, and up to 98 percent in antimony-bearing material using a hybrid cyanidation-flotation process. Antimony recovery reached as high as 84 percent, supporting Galway's efforts to optimize its 25 million-pound antimony resource amid continued export restrictions from China. The company now expects to commence a new mineral resource estimate later in 2026, with three drill rigs continuing through next summer to maximize meterage ahead of the update.
Streetwise Ownership Overview*
Galway Metals Ltd. (GWM:TSXV;GAYMF:OTCQB)
*Share Structureas of 9/9/2025Source: RefinitivAn updated mineral resource estimate is expected to commence in early 2026, following the integration of pending assays and further drilling across all deposits. The company is also supported by the New Brunswick Junior Mining Assistance Program, which will contribute up to US$50,000 toward exploration activities in 2025.
Galway Metals maintains 100% ownership of both the Clarence Stream and Estrades properties. As of mid-June 2025, the company held US$8.2 million in cash and reported no debt. Shares outstanding totaled 106.9 million, with approximately 20% held by management, insiders, and their families.
Ownership and Share Structure
According to Refinitiv, 9.47% of Galway Metals is owned by management and insiders. 26.55% is held by Institutions. Of those, Mackenzie Investments owns 3.89%, Schroder Investment Management holds 3.10%, and Konwave AG has 2.96%. The rest is retail.
Galway has 98.1 million free float shares, a market capitalization of CA$51.71 million, and a 52-week range of CA$0.32 to $0.81.
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Important Disclosures:
Galway Metals is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.For additional disclosures, please click here.
* Disclosure for the quote from the John Newell article published on August 6, 2025
For the quoted article (published on August 6, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.