Gold Drilling Delivers Wide Intercepts as Mineralization Reaches Surface

1. Galway Metals Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Galway Metals Inc. 
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1. Disclosure for the quote from the John Newell article published on August 6, 2025

1. For the quoted article (published on August 6, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. 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.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Galway Metals Inc. (GWM:TSX.V; GAYMF:OTCQB) released assay results from seven diamond drill holes completed at the Southwest Deposit of its 100%-owned Clarence Stream gold project in New Brunswick, Canada. The drill program focused on the northeastern portion of the deposit, referred to as the George Murphy Zone. The company stated that the work aimed to trace gold mineralization from depth toward surface while testing extensions beyond the limits of the existing resource.

Gold mineralization was intersected in each of the reported holes. Hole CL-234 returned 7.1 grams per tonne gold over 10.0 meters, including 13.2 grams per tonne over 5.0 meters. Hole CL-237 intersected 2.7 grams per tonne gold over 12.0 meters, including 11.4 grams per tonne over 2.0 meters, along with additional intervals of 2.4 grams per tonne over 11.0 meters, including 10.4 grams per tonne over 1.0 meter, and 2.3 grams per tonne over 5.0 meters. Hole CL-232 intersected 7.9 grams per tonne gold over 3.0 meters, including 22.0 grams per tonne over 1.0 meter, in addition to a previously reported intersection of 1.1 grams per tonne gold over 88.0 meters. Hole CL-233 returned 1.5 grams per tonne gold over 9.0 meters and a separate interval of 1.0 gram per tonne gold over 9.0 meters.

According to the company, drilling in holes CL-236 and CL-237 encountered multiple gold-bearing zones both inside and outside the current pit shells, extending mineralization westward beyond the defined resource and bringing it to surface. Holes CL-234 and CL-235 were drilled on approximately 50-meter spacing and connected deeper mineralization with shallower zones. Follow-up drilling at 25-meter spacing in the vicinity of CL-232 was carried out with hole CL-233, which returned additional mineralization and supported continuity.

The Clarence Stream Gold Project covers an approximately 65-kilometer strike length characterized by gold showings and geochemical anomalies. A mineral resource estimate prepared under NI 43-101 standards and dated March 31, 2022 outlined indicated resources of 12.4 million tonnes grading 2.3 grams per tonne gold for 922,000 ounces, along with inferred resources of 16.0 million tonnes grading 2.6 grams per tonne gold for 1.334 million ounces.

Commenting in the company release, President and CEO Rob Hinchcliffe said, "High-grade and fairly wide gold intercepts like these excite the Management team at Galway Metals, as we continue to build our flagship open-pit resource." He added, "That continuity is important as we step beyond the edges of our current resource and assess how much additional mineralization can be captured with further drilling."

Galway reported that assays remain pending for 48 drill holes at the Southwest Deposit, including 11 holes located near the areas discussed in the release. The company stated that results are expected to be reported over the coming weeks and months. Galway also acknowledged support from the New Brunswick Junior Mining Assistance Program, which is expected to contribute up to US$50,000 toward exploration drilling.

Precious Metals Market Backdrop and Gold Sector Conditions

Bloomberg reported on January 27 that gold traded to a record level above US$5,200 per ounce, continuing a rally linked to U.S. dollar weakness and investor movement away from sovereign bonds and currencies. The report noted that bullion had risen about 20% since the start of the year, while silver advanced more than 50% over the same period. Bloomberg also pointed to heightened geopolitical risk and fiscal concerns, which contributed to demand for precious metals. Suki Cooper, global head of commodities research at Standard Chartered, said expectations of a more dovish and less independent Federal Reserve, combined with geopolitical tensions, "are likely driving more rapid allocations to gold, led by retail investors."

A January 28 report from Yahoo Finance stated that gold futures moved above US$5,500 per ounce as the Federal Reserve held rates steady and the U.S. dollar weakened. The report said the dollar had declined to its lowest level since early 2022, encouraging flows into hard assets. Yahoo Finance also reported that gold prices were up more than 20% year to date as the dollar softened. Robin Brooks, senior fellow at the Brookings Institution, said, "Dollar weakness is supercharging the rise in gold ... adding fuel to the fire for the crazy rise in precious metals."

Writing on January 28, Josh Chiat reported that gold and silver prices surged as precious metals continued to gain momentum. The article stated that gold moved through US$5,000 per ounce amid increased safe-haven demand and de-dollarization trends.

Chris Louney, a strategist at RBC Capital Markets, said comparisons with past cycles suggested the current rally had not reached an unusual duration. "This means the current duration is by no means an outlier. Also, given the nature of gold, this is not a hard limit to the rally," he said. The report also referenced commentary indicating continued participation from investors and central banks, with one analyst stating, "We do not think investor or central bank demand will fall away, with more tonnage added in our ETP database, and central banks still in the buying camp in search of diversification."

Independent Research Commentary on Company Position

¹In an August 6 contributed opinion published by Streetwise Reports, John Newell of John Newell & Associates rated Galway Metals Ltd. as a "Speculative Buy." In that article, Newell identified technical price targets at CA$0.50 and CA$0.70, with a higher extension target at CA$1.05. Chart data accompanying the article showed that the share price later traded above both the CA$0.50 and CA$0.70 levels, meeting the first two targets outlined in the report.

In a January 12 report, Newell wrote that Galway aligned with a group of junior companies beginning to attract renewed attention as confidence returned to the CDNX. He said the chart displayed "a repeating pattern of accumulation, breakout, and consolidation," which he described as consistent with a market reassessing the company’s asset base.

Newell also included Galway among juniors he described as pairing "constructive charts with credible fundamentals." He wrote that these companies had "spent the downcycle quietly rebuilding while investors looked elsewhere," and noted that such names often responded earlier as liquidity returned and valuation gaps narrowed.

In a January 16 corporate update, Ron Stewart of Red Cloud Securities commented on Galway’s joint venture term sheet with Dowa Metals & Mining Co., Ltd., stating, "We view this agreement positively as it speaks to the quality and upside potential that is still available at the property." Stewart wrote that the agreement "sets the value of a 100% interest in Estrades at US$55M (CA$77M)" and said the project "would account for >65% of the current market cap of CA$94M." He also noted, "GWM currently has an EV/oz value of ~US$20/oz vs. peers at a median of US$54/oz, representing a >60% discount."

Ongoing Drilling, Metallurgical Work, and Resource Updates

Galway reported that metallurgical testing at Clarence Stream returned gold recoveries of up to 98% in the Southwest Deposit. The company stated that this zone contains more than 70% of the ounces at Clarence Stream. According to the company, three drill rigs are operating on the property, with two focused on the Southwest Deposit and a third testing shallow gold targets in the North Deposit.

The company also reported that metallurgical work is ongoing to optimize its reported 25 million-pound antimony resource, with recent testing achieving recoveries of up to 98% for both gold and antimony. Galway stated that it is working toward initiating an updated mineral resource estimate.

At the Estrades project, Galway reported that following the release of a preliminary economic assessment and an agreement with Dowa Metals and Mining Co., Phase I of the agreement is expected to run for approximately six months. The company stated that drilling under this phase is expected to commence in March.

Ownership and Share Structure²

Insiders hold 7.46% of Galway, including 6.76% held by CEO Rob Hinchcliffe. Institutional ownership totals 18.88%, led by Van Eck Associates Corp. at 4.54%, Caisse de dépôt et placement du Québec at 3.4%, and Mackenzie Investments at 3.35%. The remainder of the shares are held by retail investors.

Galway has 125.76 million shares outstanding and a market capitalization of CA$94M. The company’s 52-week trading range is CA$0.32 to CA$0.93 per share.