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TORONTO, ON / ACCESSWIRE / April 19, 2021 / Galway Metals Inc. (TSXV:GWM) (the Company or Galway ) is pleased to announce the first results from its 2021 drill program at its Estrades property in the Northern Abitibi of western Quebec (Figure 1). Three drills began a 10,000m programme in mid January targeting the 3 primary horizons of mineralization - the former producing, high grade Estrades volcanogenic massive sulphide (VMS) mine, the Newiska VMS horizon to the south, and the Casa Berardi Break horizon (Au) to the north. The property is immediately adjacent to, and west of the Agnico Eagle / Maple Gold Joint Venture, which hosts 2.8 million ounces of gold resources and where Agnico has agreed to spend $18 million on exploration during the next 4 years. The property is also 24 km east of Hecla Mining s Casa Berardi gold mine (currently producing; 6.2 million ounces of gold between total production and current reserves and resources).
Galway Metals Intersects 10 7 g/t Au, 22 8% Zn, 423 g/t Ag, 2 8% Cu, and 2 6% Pb Over 2 7 Metres at Its Estrades Project in Quebec
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Galway Metals Intersects 10 7 g/t Au, 22 8% Zn, 423 g/t Ag, 2 8% Cu, and 2 6% Pb Over 2 7 Metres at Its Estrades Project in Quebec
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PALM BEACH, Fla, April 15, 2021 /PRNewswire/ Experts are saying that after a record year, gold is bound to see more gains in the medium and long-term. Gold performed well in the pandemic. The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies. Governments around the world will struggle to reverse the fiscal policies introduced as a response to the pandemic, said the CPM Group, citing lackluster economic growth in coming years. In an article by Kitco News, discussing CPM s Gold Yearbook, said that: The pandemic has changed the world, making some of the existing problems even worse and setting gold up to benefit… While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices, the CPM Group said. This scenario positions gold well for further