Galway Metals Stock Hits More High Grade Gold
The Gold Bull Oct 5, 2026 6:19
Summary
New drill results at Galway's Clarence Stream project in New Brunswick fill a resource gap, potentially adding ounces and lifting grade.
Headline intercepts hit 2.8 grams per tonne gold over 48 meters and 8.3 grams per tonne over 6 meters, plus 6.4 over 7 meters.
A recent investment from well-known junior-resource investor Michael Gentile lifted shares; at a $156 million market cap the presenter still sees a cheap stock.
Partner Dowa funds zinc-gold Estrades drilling in Quebec — 5,000 meters wrapping up and 10,000 more slated for 2027 — sparing Galway's treasury.
A Clarence Stream PEA (preliminary economic assessment — an early economics study) lands Q1 2027; White Gold's similar-deposit PEA showed $1.86 billion NPV.
Key points on White Gold
- The host cites White Gold's recent PEA, a $1.86 billion after-tax NPV5 with a 44% IRR and $1 billion of initial capital, as a comparable for what Galway's Clarence Stream PEA might show, describing the deposits as similar in size and grade.