“Safeness” Of Jurisdiction Really Separates This Gold Project From the Pack

Stock Has Cooled Off Following A 300% Gain Early This Year…

But With 3 Drill Rigs Onsite The Stock Should Start Heating Up Again Soon!

Conventional wisdom, not all that long ago, said you couldn’t have multi-million ounce Gold deposits in Atlantic Canada.  But Atlantic Gold and Marathon (MOZ, TSX) both proved the conventional wisdom was wrong.  They’ve proven that this region is a great place to find multi-million ounce Gold deposits, at relatively high grades, too!

When considering things like ease of access, long-term exploration potential, cost of production, and “safeness” of jurisdiction, investors have really embraced Atlantic Canada.

Atlantic Gold was recently acquired for $768 million.

Marathon commands a premium compared to its peer group, valued at $52 per ounce for a market cap of $220 million.

They’re likely high on the list of junior miners as a takeover target.

With a market cap of $37 million Galway is still small but there’s no reason to think it also won’t grow to become a takeover target just like Atlantic and Marathon because the company owns 100% of Clarence Stream, an emerging Gold district in Atlantic Canada.

Along the Sawyer Brook fault system, soil anomalies are proving to be great pathfinders for new discoveries.  As crazy as it might sound (crazy in a good way!), every soil anomaly drilled by Galway has intersected Gold thus far.  When they announced 7.3 g/t Au over 36 m back in January, which really got GWM moving, that was a direct result of drilling soil anomalies.

In other words, Clarence Stream has been a really fun place to explore so far!  Dare I say, “predictable”.  All you need to do is find an area where Gold has leached into the soil, then drill.  Grab samples also provide a good clue, and have assayed +1 ounce Gold atop some of these soil anomalies.  This process of drilling soil anomalies has helped Galway identify 5 zones across a 5 km strike length (within a 65 km structure called the Sawyer Brook fault system).

After careful analysis and examination Galway now believes the George Murphy, Richard, and Jubilee connect (making 1 much larger zone).  All of these deposits have multiple structures and all are wide open for expansion along a northeastern corridor.

After a dry spell of no news for several months Galway updated the market September 5.  They said a 3rd drill rig is now operating at Clarence Stream as the 17,000 m drilling program continues.  They also announced some assay results, highlighted by 43 m grading 1.9 g/t Au (expanding the Jubilee zone west) and 5.3 m grading 3.5 g/t Au at the Richard zone (which sits between Jubilee and the George Murphy zone).

Despite releasing the widest and best intersection to date (43 m grading t 1.9 g/t Au), according to CEO Robert Hinchcliffe (who continues buying shares in the open market even though he owns 12.5 million already), GWM declined from 38 to 31 cents on the news.

Support has been fairly strong at 30 cents all year, so GWM looks like a timely buy right now.

News flow should be more consistent between now and mid-2020.  Galway’s 17,000 m drill program (or 100 holes) is ongoing, guided by 4,000 new soil samples taken earlier in the year.  Their goal is to make new satellite discoveries at Craig’s Lake and other areas between the South Zone and Jubilee.  They’ll also be drilling some more targets near George Murphy, where they previously pulled up 241 g/t Au over 4.2 m.

Galway is well funded with approximately $7 million cash.