First Pass Gold Recoveries Reach 88% at SW Deposit, Clarence Stream Gold Deposit
Galway Metals reported positive metallurgical results from its Clarence Stream Gold Project in New Brunswick, achieving up to 88% gold recoveries at the SW Deposit, which represents 70% of total gold ounces. The project contains a 2022 Mineral Resource Estimate of 12.4 Mt @ 2.3 g/t Au Indicated (922,000 oz) and 16.0 Mt @ 2.6 g/t Au Inferred (1.334M oz).
The company is conducting ongoing metallurgical work to optimize gold recoveries and capture antimony as a bi-product, with Clarence Stream containing over 25 million pounds of antimony. The 2024 testing confirmed direct cyanidation yielding 84-88% Au extraction at low antimony grades, while gravity concentration and flotation achieved 71-93% antimony recovery.
Galway added a second drill rig targeting the North Deposit, plans to add a third rig in April for new discoveries, and aims to update the resource in early 2026.
Galway Metals ha riportato risultati metallurgici positivi dal suo progetto di oro Clarence Stream nel New Brunswick, raggiungendo fino all'88% di recupero dell'oro nel deposito SW, che rappresenta il 70% delle oncie totali d'oro. Il progetto contiene una stima delle risorse minerali del 2022 di 12,4 Mt @ 2,3 g/t Au Indicated (922.000 oz) e 16,0 Mt @ 2,6 g/t Au Inferred (1,334M oz).
L'azienda sta conducendo lavori metallurgici in corso per ottimizzare i recuperi d'oro e catturare l'antimonio come sottoprodotto, con Clarence Stream che contiene oltre 25 milioni di libbre di antimonio. I test del 2024 hanno confermato che la cianidazione diretta produce un'estrazione dell'84-88% di Au a basse concentrazioni di antimonio, mentre la concentrazione gravitazionale e la flottazione hanno raggiunto un recupero dell'antimonio del 71-93%.
Galway ha aggiunto una seconda trivella mirata al deposito Nord, prevede di aggiungere una terza trivella ad aprile per nuove scoperte e mira ad aggiornare le risorse all'inizio del 2026.
Galway Metals informó resultados metalúrgicos positivos de su Proyecto de Oro Clarence Stream en New Brunswick, logrando hasta un 88% de recuperación de oro en el Depósito SW, que representa el 70% de las onzas totales de oro. El proyecto contiene una estimación de recursos minerales de 2022 de 12.4 Mt @ 2.3 g/t Au Indicado (922,000 oz) y 16.0 Mt @ 2.6 g/t Au Inferido (1.334M oz).
La empresa está realizando trabajos metalúrgicos continuos para optimizar las recuperaciones de oro y capturar antimonio como subproducto, con Clarence Stream conteniendo más de 25 millones de libras de antimonio. Las pruebas de 2024 confirmaron que la cianuración directa produce una extracción del 84-88% de Au a bajas concentraciones de antimonio, mientras que la concentración por gravedad y la flotación lograron una recuperación de antimonio del 71-93%.
Galway añadió una segunda perforadora enfocada en el Depósito Norte, planea agregar una tercera perforadora en abril para nuevos descubrimientos y tiene como objetivo actualizar los recursos a principios de 2026.
갈웨이 메탈스는 뉴브런즈윅의 클라렌스 스트림 금 프로젝트에서 긍정적인 광물학적 결과를 보고하며, SW 매장에서 최대 88%의 금 회수율을 달성하였고, 이는 총 금 온스의 70%를 차지합니다. 이 프로젝트는 2022년 광물 자원 추정치로 12.4 Mt @ 2.3 g/t Au Indicated (922,000 oz) 및 16.0 Mt @ 2.6 g/t Au Inferred (1.334M oz)를 포함하고 있습니다.
회사는 금 회수를 최적화하고 부산물로서 안티모니를 포획하기 위한 지속적인 금속 작업을 진행하고 있으며, 클라렌스 스트림에는 2500만 파운드 이상의 안티모니가 포함되어 있습니다. 2024년 시험에서 저농도의 안티모니에서 84-88% Au 추출을 달성하는 직접 시안화가 확인되었으며, 중력 농축 및 부유선별에서는 71-93%의 안티모니 회수를 달성하였습니다.
갈웨이는 북부 매장을 목표로 하는 두 번째 드릴링 장비를 추가하였고, 4월에 새로운 발견을 위한 세 번째 장비를 추가할 계획이며 2026년 초에 자원 업데이트를 목표로 하고 있습니다.
Galway Metals a rapporté des résultats métallurgiques positifs de son projet d'or Clarence Stream au Nouveau-Brunswick, atteignant jusqu'à 88 % de récupération d'or au dépôt SW, ce qui représente 70 % des onces d'or totales. Le projet contient une estimation des ressources minérales de 2022 de 12,4 Mt @ 2,3 g/t Au Indiqué (922 000 oz) et 16,0 Mt @ 2,6 g/t Au Inféré (1,334M oz).
La société effectue des travaux métallurgiques en cours pour optimiser les récupérations d'or et capturer l'antimoine en tant que sous-produit, Clarence Stream contenant plus de 25 millions de livres d'antimoine. Les tests de 2024 ont confirmé que la cyanuration directe permettait une extraction de 84 à 88 % d'Au à faibles teneurs en antimoine, tandis que la concentration gravitaire et la flottation ont atteint un taux de récupération de l'antimoine de 71 à 93 %.
Galway a ajouté une deuxième foreuse ciblant le dépôt Nord, prévoit d'ajouter une troisième foreuse en avril pour de nouvelles découvertes et vise à mettre à jour les ressources début 2026.
Galway Metals berichtete über positive metallurgische Ergebnisse aus seinem Clarence Stream Goldprojekt in New Brunswick und erzielte eine Goldausbeute von bis zu 88% im SW-Vorkommen, was 70% der gesamten Goldunzen ausmacht. Das Projekt enthält eine Mineralressourcenschätzung von 2022 von 12,4 Mt @ 2,3 g/t Au Indicated (922.000 oz) und 16,0 Mt @ 2,6 g/t Au Inferred (1,334M oz).
Das Unternehmen führt laufende metallurgische Arbeiten durch, um die Goldausbeute zu optimieren und Antimon als Nebenprodukt zu gewinnen, wobei Clarence Stream über 25 Millionen Pfund Antimon enthält. Die Tests 2024 bestätigten, dass die direkte Cyanidierung eine Ausbeute von 84-88% Au bei niedrigen Antimon-Graden erzielt, während die Schwerkraftkonzentration und Flotation eine Antimon-Rückgewinnung von 71-93% erreichten.
Galway fügte eine zweite Bohranlage hinzu, die auf das Nordvorkommen abzielt, plant, im April eine dritte Anlage für neue Entdeckungen hinzuzufügen, und hat das Ziel, die Ressourcen Anfang 2026 zu aktualisieren.
- Gold recoveries reached 88% at SW Deposit, which contains 70% of total gold ounces
- Project contains over 25M pounds of antimony, which recently surged 300% to US$15/lb
- Antimony recovery rates of 71-93% achieved through gravity concentration and flotation
- Expansion of drilling program with second rig added and third planned for April 2025
- None.
TORONTO, ON / ACCESS Newswire / February 18, 2025 / Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) (the "Company" or "Galway") is pleased to report metallurgical results from 4 PQ diamond drill holes from the Southwest, South and North Deposits at the Company's
"We are thrilled to see gold recoveries reaching up to
He further adds "With respect to drilling, we are excited to point out we just added a second drill rig that will be targeting shallow areas to expand ounces in the North Deposit. One rig has been drilling certain areas in SW Deposit. We are hoping to get a third rig in April that will target new discoveries. Lastly, the idea is do an updated resource in early 2026."
Studies to Target Antimony Recoveries
Ongoing metallurgical work is underway to optimize gold recoveries and capture a highly strategic antimony bi-product, which has surged over
Advances in project metallurgical definition include a hybrid processing strategy developed during 2024 which maximizes Au recovery to doré bullion, while providing the ability to recover antimony as a bi-product. A test program is in progress during Q1 2025 on fifteen (15) composite samples selected from respective zones within the deposit to confirm proof of concept of the intended process flowsheet over a range in Au, Sb and sulfide head grades.
2024 Metallurgical Testing
During 2024, the amenability of Clarence Stream mineralization to direct cyanidation was confirmed with 84
In conjunction with this test program, alternative methods of treatment were evaluated including gravity concentration followed by froth flotation. The potential to recover Sb, a strategic high-value bi-product, was highlighted in this work with 71
Findings are significant since gravity concentration followed by direct cyanidation is expected as yielding 84
Processing at full-scale would involve cyanide destruction prior to tailings impoundment. Following cyanide removal, the flotation of remnant Au and Sb values is possible to yield a biproduct Au-Sb concentrate for secondary treatment to increase overall Au recovery and provide the potential of recovering antimony as a bi-product.
Continued Metallurgical Optimization in 2025
Follow-up test work by Galway Metals remains in progress through Q1 2025 and involves Haggarty Technical Services and SGS-Lakefield (Ontario) in an evaluation of metallurgical performance from fifteen (15) composite samples applying a hybrid process strategy including Gravity Concentration + Cyanidation + CN Detox + Flotation.
Depicted in the simplified process schematic, the process strategy involves conventional, industrially proven technology, is applicable to all material types, with a focus on maximizing Au recovery to doré bullion, while enabling the potential for bi-product recovery of Sb values from secondary treatment of an Au-Sb concentrate.
Clarence Stream Project - Simplified Process Schematic
Previous Test Work
Previous test work completed with CANMET in 2007 and Blue Coast Research in 2023 exhibited similar amenability to cyanidation with 82
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.
New Brunswick Junior Mining Assistance Program
Galway would like to acknowledge financial support from the New Brunswick Junior Mining Assistance Program, which will contribute up to
Review by Qualified Person
Jesse Fisher, P.Geo., Project Manager for Galway Metals, is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release on behalf of Galway Metals Inc. Metallurgical test work was reviewed and approved by Steve Haggarty, P. Eng., Managing Director of Haggarty Technical Services Corp.
Quality Control and Reports
All core, chip, boulder, and soil samples have been assayed at either Activation Laboratories (Ancaster), Agat Laboratories (Mississauga), or Swastika Laboratories (Swastika). All three Ontario labs have ISO/IEC 17025 accreditation. All samples are maintained under a chain of custody from the exploration site, through sample preparation, and to the analytical facility. Analysis for gold is by fire assay with a gravimetric finish. Additional elements of interest are determined using ICP. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at one per 20 samples. Approximately five percent (
About Galway Metals Inc.
Galway Metals is a Canadian mineral exploration and development company focused on advancing its
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Robert Hinchcliffe President & Chief Executive Officer
Telephone: 1-800-771-0680
Email: info@galwaymetalsinc.com
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Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, information with respect to the OTCQB listing, DTC eligibility, and broadening U.S. institutional and retail investors. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in economic conditions or financial markets, political and competitive developments, operation or exploration difficulties, changes in equity markets, changes in exchange rates, fluctuations in commodity prices capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE: Galway Metals Inc.
View the original press release on ACCESS Newswire
FAQ
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