Galway announces start of drilling at its California gold project in Colombia
"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
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: http://www.galwayresources.com/s/NewsReleases.asp?ReportID=359418&_Type=News-Releases&_Title=Galway-California-Samples-Return-9.2-GT-Au-Along-130-Meters-Including-27.3-...).
Drilling will be conducted by GHM from Medellin,
About the Company
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements:
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the completion of transactions, the possibility of coal deposits, future exploration, development and production activities, future expenditures and forecast Colombian coal production. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the timing and success of contemplated transactions and exploration, development and production activities, the realization of coal deposits, the timing and amount of expenditures and actual realized Colombian Coal production. See the "risk factors" set out in Galway's management's discussion and analysis files on the SEDAR website.
For further information: Galway Resources Ltd., Robert Hinchcliffe, President and Director, 1-800-475-2412, www.galwayresources.com
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