Galway Metals/ GWM (TSX-V)

December 04, 2009
Galway Announces Start of Drilling at its California Gold Project in Colombia

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Toronto, Ontario: December 4, 2009 - Galway Resources Ltd. (GWY: TSX-V): is pleased to announce that drilling has commenced on its high-grade California gold project in Colombia. Phase I of the planned program will consist of approximately 4,500 meters of diamond drilling and will test along strike previously identified high-grade gold mineralized structures. A second drill will be added in early January 2010. Phase II will consist of up to 25,000 meters of additional diamond drilling.

"Galway is excited to begin drilling at California. The Company's land position is adjacent to and along strike Ventana's La Mascota gold discovery. In the interim, we will be reporting on results from an additional 1,000 geochemical samples, as part of our ongoing exploration efforts," cites Robert Hinchcliffe, President and CEO of Galway Resources.

Drill holes will initially be concentrated in the Pie de Gallo open pit area. Mineralized structures in the open pit are projected to be the same as those that control Ventana's La Mascota and Las Mercedes gold discoveries. Pie de Gallo is a 300 meter long open-pit that has been mined by artisanal miners for hundreds of years. Numerous high-grade channel samples from outcrops and underground workings in the area have been collected and previously reported on (see press release dated August 11, 2009).

Drilling will be conducted by GHM from Medellin, Colombia. The Company expects to complete an average of one drill hole per week with drilling conducted 24 hours per day. Drilling will be supervised by Master Driller Jose Salas, who drilled for four years at Greystar's Angostura gold deposit.

http://www.galwayresources.com…ia-Gold-Project-in-Colomb...

das aufstocken am dienstag hat sich gelohnt.

hier geht noch einiges

January 14, 2010
Galway Announces Very Encouraging Gold Results from the California Project in Columbia

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Toronto, Ontario: January 14, 2010 - Galway Resources Ltd. (GWY: TSX-V) is pleased to provide an update on progress achieved on its California gold properties in Colombia. These properties are located adjacent to and along strike with Ventana's La Mascota property. The sample results provided below were taken from the Pie De Gallo pit, the eastern portion of which is 200 meters to the southwest of the property line with Ventana. Sampling 25 meters from the boundary has also returned significant results, including 8m of 6.6 g/t gold.

Galway is currently drilling within the Pie De Gallo pit and results from the first hole are expected in two weeks. The second hole has commenced from the same drill platform as the first, and the second drill rig is expected to begin drilling by the end of January.

"We are excited that these additional results support the strong potential revealed from our earlier sampling efforts. In particular, outcrop sampling indicates that the gold trends from Ventana's La Mascota and Las Mercedes gold discoveries extend onto Galway's property. Galway's drill program is now in progress and is designed to test these and other mineralized structures," cites Robert Hinchcliffe, President and CEO of Galway Resources.

January 26, 2010
Galway Announces Acquisition Of Largest Gold Mine In The California-Vetas Mining District Of Colombia

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Toronto, Ontario: January 26, 2010 - Galway Resources Ltd. (GWY: TSX-V) is pleased to announce that it has entered into a binding agreement to acquire a 100% interest in the Reina de Oro and Coloro properties in the center of the historic Vetas Gold Mining District in Colombia. The properties are mostly contiguous and collectively comprise 542 hectares (1,339 acres). The Reina de Oro property's main asset at present, the El Volcan Mine, has been the site of gold mining since the 1590's. In fact, the mine has produced among the most gold of any in the historic California-Vetas gold mining district. The town of Vetas is located approximately 8 kilometers southeast of California, the sight of the company's on-going gold exploration program, on strike with Ventana's and Greystar's major gold discoveries.

"We are extremely pleased to gain a significant foothold in the most prolific gold producing area in the California-Vetas district, a mine that has been producing gold for over 400 years and enjoys comparatively good infrastructure. We are very excited to be the first company to initiate a technologically advanced exploration campaign on these properties, which compliment on many different fronts our current activities in the nearby California gold trend. In short, this acquisition along with our on-going exploration program, on trend with Ventana's La Mascota gold discovery, adds significant up-side potential to the Company's exploration efforts in the California-Vetas gold district," cites Robert Hinchcliffe, President and CEO of Galway Resources.

The U.S. Geological Survey in collaboration with the Colombian Geological Survey (INGEOMINAS) sampled the Reina de Oro property in 1969. Forty-two underground samples were taken from several veins. The samples ranged from no gold to 87.5 grams/tonne. Approximately 31% (13) of the samples were less than 0.5 g/t, 7% (3) from 0.5-1 g/t, 19% (8) from 1-3 g/t, 7% (3) from 3-5 g/t, and 36% (15) were greater than 5 g/t Au (gold). Looked at another way, 62% of the samples taken contained 1 g/t Au or more. This provides another indication to Galway's management that the Company's Reina de Oro property contains unusually high levels of anomalous gold. In fact, grades as high as 76.0 g/t Au over 1.2 meters and 76.65 g/t Au over 0.9 meters were returned. In addition, sampling work done on tailings by the USGS during the late 1960's found the tailings to contain about 90,000 tonnes of 18 g/t Au and 38 g/t Ag (silver) in the sand fraction, and 26 g/t Au and 44 g/t Ag in the silt fraction. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resource and the historical estimate should not be relied upon.

http://www.galwayresources.com…In-The-California-Vetas-M...

wird ja seit tagen richtig zerfleischt....

Hmmm, wissen da einige mehr

Ich möchte auf dieses "posting"in Incakolanews hinweisen. Die Region, in der die Explorationen stattfinden, ist politisch instabil.

"This post is for all those analysts in all those Canadian brokerages, shops, houses and newsletters that cover junior goldies in the Norte de Santander department of Colombia, for example Ventana Gold (VEN.to), Greystar Resources (GSL.to), Galway Resources (GWY.v) amongst a lot of others."

http://incakolanews.blogspot.c…dian-mining-analysts.html

habe am letzten Freiteg eine ordentliche Position nachgekauft.

habe sie aber heute schon wieder gegeben. bin noch genug mit shares eingedeckt.

traue dem kurs noch nicht ganz. Die drillings lassen immer noch auf sich warten.

February 17, 2010
Galway Reports High Grade Gold Channel Sample Results From Its Recently Acquired Vetas Property In Colombia

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Toronto, Ontario: February 17, 2010 - Galway Resources Ltd. (GWY: TSX-V) is pleased to announce that it has received results from 216 channel samples from its recently acquired Reina de Oro property on its Vetas concessions in Colombia (refer to Galway's January 26, 2010 press release for details). Reina de Oro contains the historic El Volcan gold mine, which is the largest gold producer in the California-Vetas-Surata gold mining districts where Galway conducts its gold exploration activities. All 216 sample results on which this press release is based were taken from the El Volcan mine on its Reina de Oro property (see Figure 1). Results from another approximately 600 samples are pending and other veins in the upper level of the mine remain to be sampled.

"While our land position in the California district, which is on strike with Ventana Gold's and Greystar Resources' major discoveries, has captured significant market interest, we consider our Vetas acquisition as having strong potential to bring in fairly quickly a high grade underground resource amenable to modern bulk mineable methods. Our geologists have been aggressively sampling the 2,000 meters of accessible underground workings and will soon be carrying out surface exploration to better understand the open pit potential as well," cites Robert Hinchcliffe, Galway's President and CEO.

The El Volcan mine consists of two main levels, with eight quartz veins currently being mined by locals. The initial 216 channel sample results identified three gold/silver structures, known as the Manzanilla, Tajo Abierto and Corteros veins. Values ranged up to 183.1 grams per metric tonne (g/t) gold (Au) and 422.0 g/t silver (Ag) over a strike (horizontal) length of 1.2 meters from one sample in the Manzanilla vein (see Figure 2 and Figure 3).

Importantly, 22% of the samples taken returned values above 5.0 g/t Au. Galway's management considers this to be a highly anomalous result. Other highlights from these results include the following:

Manzanilla Vein: averages of 48.3 g/t Au over a strike length of 15 meters from three samples, and 24.2 g/t Au over 7.2 meters from 4 samples.

Tajo Abierto Vein: averages of 9.6 g/t Au over a strike length of 35 meters from six samples, and 8.2 g/t Au over 21 meters from eight samples.

Corteros Vein: an average of 6.2 g/t Au over a strike length of 17 meters from seven samples.

All channel samples were taken across the vein, with most widths being approximately 0.8 meters, although they range up to 1.5 meters and up to 5.0 meters where splay veins exist.

Sampling Program
The channel samples were collected across drift backs from three narrow quartz veins, historically mined since the 1950's: Corteros, Manzanilla and Tajo Abierto. The Manzanillo vein has been mined along a strike length of 500 meters in the lower level of the El Volcan mine. Sampling was undertaken in areas where mining has historically occurred, but where mining was not happening at the time the samples were collected. Gaps in the sampling exist to avoid active mining areas, but many of these were later filled in. Since historical mining occurred either as a result of the presence of visible gold, or based on immediate results from the milling of ore, it is believed that Galway's assay results to date may be lower in grade than what has and is being mined. Generally, the mined and sampled widths are 0.8-1.5 meters, but where splays occur, the width can exceed 5.0 meters. Results only from veins have been returned; assays for the intervening ground where splays occur are pending.

Mineralization
The vein system comprises eight mineralized structures discovered to date trending NNE and dipping sub-vertically to the NW. The main quartz veins, together with splay veins are spatially associated with shear zones hosted in porphyry and gneiss metamorphic rocks, much like the California gold district. The veins have been, and currently are being mined from surface to approximately 250 meters below surface. Within this area, and over a 570 meter vein length, approximately 30% of the area has been mined out. The steep nature of the veins (sub-vertical), combined with highly competent wall rocks, is ideal for modern bulk mining methods (longhole mining). There is also potential for open pit mining.

Exploration
Galway plans an aggressive exploration program of underground and surface sampling, geophysics and drilling to rapidly advance this project. The main focus will be to ascertain in a relatively short timeframe reserves and resources, and to explore the many veins below the bottom level of the mine where no exploration has occurred to date. All veins are open along strike (horizontally) and to depth and there are indications that additional veining may be discovered to the southeast, as seen by surface exposure.

Review by Qualified Person, Quality Control and Reports
In compliance with National Instrument 43-101, Mr. Mike Sutton P.Geo., is the Qualified Person responsible for the accuracy of this news release. All samples were assayed for Metallic Screen test by SGS at its Peru Minerals laboratory in Callao, after preparation at an SGS facility in Medellin, Colombia. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments. All widths are true widths.

About the Company
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. While the core focus of the Company at the moment is gold exploration in Colombia, the Company reported that drilling has commenced at the GALCA coal project in Colombia. The initial 19 hole drill program on the GALCA property is being managed and funded by Prodeco, the Colombian subsidiary of Xstrata. For more details see the press release dated November 17, 2009.

http://www.galwayresources.com…lts-From-Its-Recently-Acq...

kennt man doch!
nicht?

"tungsten"
lol

xploited

Aktien Betrug
da kommt eine mail mit dem tip aktie xy für pfennige zu kaufen.
potenzial mal zehn hoch drei.
(das sind Hunderte:)

also nochmal
Stock Spam

http://de.wikipedia.org/wiki/Aktienspam

hoch sechs, neun.. zwölf...
der crash folgt sicher.

die bösen jungs sind dann lange raus.
lol

February 25, 2010
Galway Reports High Grade Results as Grades and Strike Lengths Improve at El Volcan

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Toronto, Ontario: February 25, 2010 - Galway Resources Ltd. (GWY: TSX-V) is pleased to announce that it has received results from 302 additional channel samples from its recently acquired Reina de Oro property in Vetas, Colombia (refer to Galway's January 26, 2010 press release for details). These are in addition to Galway's release of its initial 216 channel sample results reported February 17, 2010.

"We consider Galway's latest results as providing further evidence that Vetas hosts significant high-grade gold mineralization over long intervals, and our exploration program at the mine complements well our other recent efforts just eight kilometers to the northwest at California. Indeed, we are encouraged by our discovery of a 70.1 meter strike length (with a 0.9 meter true width) that has an average grade of 104.8 grams per tonne gold, and that several of the veins appear to be getting richer over longer intervals when compared with prior results," cites Robert Hinchcliffe, Galway's President and CEO.

Higher Grades Over Longer Intervals

Grades returned include 1,374.8 grams per tonne (g/t) gold (Au) over a strike length of 5.0 meters (0.8 m true width), and 223.8 g/t Au over a strike length of 25 meters (0.9 m true width). Refer to Table 1 for select results from Galway's channel sampling program at its El Volcan mine. The 223.8 g/t intercept represents just one of five improvements in grade and strike length that Galway has identified in its latest results when compared with those released on February 17th. Four of the improvements occurred along the Manzanilla vein, while the other improvement occurred in the Corteros Vein. We present our findings for these veins, as well as for Loscas and Tajo Abierto below:

Manzanilla Vein

223.8 g/t Au over a strike length of 25 meters (9 samples over 0.9m average true width), including 459.0 g/t Au over 11.5 meters. This compares with Galway's previously reported interval of 48.3 g/t Au over 15 meters.

87.9 g/t Au over a strike length of 18.5 meters (6 samples over 0.9m average true width), including 381.5 g/t Au over 1.2 meters. This compares with Galway's previously reported interval of 24.7 g/t Au over 12.0 meters.
The above two intervals are contained within the longer 70.1 meter intercept that has an average grade of 104.8 g/t Au (3.37 ounces per tonne Au), as noted above.

31.4 g/t Au over a strike length of 12.5 meters (6 samples over 1.0m average true width), including 45.0 g/t Au over 5.0 meters. This compares with Galway's previously reported interval of 24.2 g/t Au over 7.2 meters.

17.8 g/t Au over a strike length of 8.0 meters (3 samples over 0.93m average true width). This compares with Galway's previously reported interval of 14.6 g/t Au over 5.0 meters.
In addition to the improvements in grade and strike lengths noted above, the latest results from the Manzanilla vein also returned the following:

67.1 g/t Au over a strike length of 7.5 meters (3 samples over 1.0m average true width), including 94.5 g/t Au over 5 meters, and

26.0 g/t Au over a strike length of 30.5 meters (11 samples over 0.8m average true width). Of this 30.5 meter interval, a 1.2 meter portion that graded 183.1 g/t Au was released February 17th, but another 23.5 meter interval that graded 29.8 g/t Au significantly extended the strike length of this high grade vein.
Refer to Figure 1 for a map showing the location of select channel sample results from the Manzanilla vein.

Corteros Vein

7.9 g/t Au over a strike length of 21.5 meters (10 samples over 0.9m average true width), including 20.6 g/t Au over 4.5 meters. This compares with Galway's previously reported interval of 6.2 g/t Au over 17.0 meters.
Other new results from the Corteros vein returned the following:

86.8 g/t Au over a strike length of 10.0 meters (4 samples over 0.9m average true width), including 319.8 g/t Au over 1.2 meters.

9.3 g/t Au over a strike length of 14.5 meters (6 samples over 0.8m average true width), including 14.9 g/t Au over 7.5 meters.
Refer to Figure 2 for a map showing the location of select channel sample results from the Corteros vein.

Loscas Vein

1,374.8 g/t Au over a strike length of 5.0 meters (3 samples over 0.8m average true width), including 2,744.9 g/t Au over 1.2 meters, and

9.7 g/t Au over a strike length of 22.5 meters (9 samples over 0.96m average true width), including 16.3 g/t Au over 10.5 meters.
Refer to Figure 3 for a map showing the location of select channel sample results from the Loscas vein.

Tajo Abierto Vein

8.2 g/t Au over a strike length of 21.0 meters (8 samples over 0.8m average true width), although the strike length extends to 45 meters at a slightly lower grade of 7.7 g/t Au when results from Galway's February 17th news release are included.
Refer to Figure 4 for a map showing the location of select channel sample results from the Tajo Abierto vein.

Refer to Table 1 for true widths of all the results provided in this news release.

El Volcan Mine
Reina de Oro contains the historic El Volcan gold mine, which is the largest gold producer in the California-Vetas-Surata gold mining districts where Galway is conducting its gold exploration activities. The El Volcan mine consists of two main levels, with eight mineralized quartz veins currently being mined by locals. The channel samples received to date are from four of the eight mineralized structures, all taken from the lower level of the mine. The four veins tested include the Manzanilla, Corteros, Loscas, and Tajo Abierto.

Sampling Program
The Company's aggressive channel sampling program is primarily focused on the 2,000 meters of accessible underground workings. This represents only 40% of the 5,000 meters of historical underground drifting that has occurred as 3,000 meters are currently un-accessible. However, Galway considers this additional 3,000 meters of underground workings as providing the Company with an excellent target for future exploration.

To date, a total of 518 assays have been received. Results from another approximately 300 samples are pending from the aforementioned veins as well as from other veins along the same level. Channel sampling has just commenced in the upper level of the mine. The channel samples were collected across drift backs from four of the eight quartz veins which have been historically mined since the 1950's. Results only from veins have been returned; assays for the intervening ground where mineralized splays occur are pending. No cut has been applied to assays; further sampling is required in order to ascertain what, if any, cut may be required.

Mineralization
The known vein system comprises eight mineralized structures trending NNE and dipping sub-vertically to the NW. The main quartz veins, together with splay veins are spatially associated with shear zones hosted in porphyry and metamorphic gneiss, much like the California gold district. The veins have been, and currently are being mined from surface to approximately 250 meters below surface. Within this area, and over a 570 meter vein length, approximately 30% of the area has been mined out. The steep nature of the veins (sub-vertical), combined with highly competent wall rocks, is ideal for modern bulk mining methods (longhole mining). There is also potential for open pit mining.

Exploration
Galway plans an aggressive exploration program of underground and surface sampling, geophysics and drilling to rapidly advance this project. The main focus will be to ascertain in a relatively short timeframe reserves and resources, and to explore vein extensions below the bottom level of the mine where no exploration has occurred. All veins are open along strike (horizontally) and to depth. There are surface indications that additional veining may be discovered to the southeast.

Review by Qualified Person, Quality Control and Reports
In compliance with National Instrument 43-101, Mr. Mike Sutton P.Geo., is the Qualified Person responsible for the accuracy of this news release. All samples were assayed for Metallic Screen test by SGS at its Peru Minerals laboratory in Callao, after preparation at an SGS facility in Medellin, Colombia. The Company's QA/QC program includes the regular insertion of blanks and standards into the sample shipments. All widths are true widths.

http://www.galwayresources.com…rike-Lengths-Improve-at-E...

Zitat

Bei diesen extrem hohen Graden würde ein Explorer in Kanada oder Mexiko zB. im Kurs sicher explodieren; aber hier stehen Befürchtungen hinsichtlich politischer Unwägbarkeiten im Raum....... So verblieb gestern ein Kursanstieg von "nur" + 9,4 % auf 1,05 C$.

es sind extrem hohe grades...

sehe ich das richtig, dass die ergebnisse von Pie de Gallo immer noch ausstehen?

das ist villeicht auch ein grund, warum GWY "noch" nicht explodiert...