Galway Metals Inc. Initiates Metallurgical Testing and New Mineral Resource Estimate at Estrades Mine

Galway Metals Inc. (TSXV:GWM)(OTCQB:GAYMF) has commenced a NI 43-101 Mineral Resource Estimate and metallurgical test program at its 100% owned Estrades property in Northern Abitibi, Quebec. The property has a historic production of 174,946 tonnes with significant grades of gold, zinc, copper, and silver.

President and CEO Rob Hinchcliffe highlighted the economic potential due to rising gold prices. The new resource estimate includes 42,099 metres of recent drilling and incorporates updated metal prices, showing a 38% increase in gold and a 13% increase in zinc prices since 2018.

The metallurgical study, led by Ken Roberts of KJRoberts Metallurgical Services, aims to enhance metal recoveries while minimizing costs. The results are expected in Q4 2024. The study will refine previous 2008 test work, expanding the scope to include four key zones of the deposit.

Galway has engaged Base Metal Laboratories for the metallurgical testing, focusing on improving Cu, Pb, Zn, Au, and Ag recoveries and optimizing project economics.