Clarence Stream Continues To Shine For Galway, Hits 38 Grams Gold Over 6.5 Metres!

We first presented Galway to subscribers in this space back in November, a buy recommendation that was strongly reiterated after the company’s January 23 news when it reported the discovery of a new Gold zone centered between and along strike the George Murphy and Jubilee zones at its Clarence Stream Project in New Brunswick.  GWM was still available around 20 cents for a few more days before some subscribers and Mr. Market decided to wake up to the obvious opportunity.

This morning, GWM released first assays from that new discovery with hole BL18–12 returning 7.3 g/t Au over 36.7 m, including 38.1 g/t over 6.5 m in multiple quartz veins containing visible Gold over 7 m starting just 51 m downhole.

GWM traded as high as 44 cents this morning on strong volume and is holding most of those gains as of 11:00 am Pacific, up 11.5 cents at 39.5 cents on total volume (all exchanges) of nearly 1.6 million shares.