American Marconi Wireless News - Galway Hires Stephen Poitras to Help Advance the High-Grade Estrades Gold and Zinc Project

"With gold prices hitting all-time records and a heightened global interest in zinc projects, I love the timing of having Stephen Poitras join our team," said Rob Hinchcliffe, President and CEO of Galway Metals. "Stephen brings a bundle of energy, ideas, and contacts as we move Estrades forward. The project is a high-grade VMS system with unusually strong gold content and significant zinc and copper credits. It also benefits from two nearby mills with idle capacity, presenting potential development synergies. We're excited about the opportunity to unlock the value of this project for our shareholders."

Mr. Poitras is a professional geologist with more than 20 years of experience in mineral exploration and mining finance. He holds degrees from the University of Waterloo (Engineering) and the Université du Québec à Montréal (Geology). Over the course of his career, Stephen has contributed to multiple mineral discoveries, including the Éléonore gold deposit in northern Quebec and the Candelones Extension deposit in the Dominican Republic. He also spent eight years as a mining analyst and portfolio manager with CDPQ, Québec's pension fund, where he evaluated and financed numerous mining projects globally.

Mr. Poitras commented, "The Estrades deposit sits in a major mining camp, within 25 kilometres of three active or former mines. It is a high-grade VMS deposit with unusually elevated gold grades for a polymetallic system. The 26-kilometre-long trend along the Casa Berardi Break, supported by more than 100,000 metres of historical drilling, remains underexplored and under drilled. The potential to expand resources, add new VMS tonnage, and discover additional gold-rich zones along this prolific structure is enormous."

Galway Metals continues to advance both its Estrades Polymetallic Project in Quebec and its Clarence Stream Gold Project in New Brunswick, two 100%-owned assets located in established mining jurisdictions in Eastern Canada.

Review by Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Stephen Poitras, P.Geo., Manager for Estrades and a Qualified Person as defined by National Instrument 43-101. Mr. Poitras certifies that this news release fairly and accurately reflects the technical information and data presented. Galway Metals conducts its exploration activities in accordance with CIM Best Practices Guidelines.

About Galway Metals Inc.

Galway Metals is a Canadian mineral exploration and development company focused on advancing its 100%-owned, high-grade, open-pitable flagship Clarence Stream gold project in southwest New Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of approximately 65 kilometres and widths of up to 28 kilometres in certain areas. Galway Metals also has 100%-ownership in the Estrades project, a former producing high-grade, gold-rich polymetallic VMS mine in the northern Abitibi of western Quebec. Led by a management team with a proven track-record of creating shareholder value having sold Galway Resources for US$340 million, Galway Metals is focused on creating value for all its stakeholders.

For additional Information on Galway Metals Inc., Please contact:

Robert Hinchcliffe President & Chief Executive Officer
Telephone: 1-800-771-0680
Email: [email protected]
Website: www.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

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