Galway Resources Ltd GWY:CA announced results from its California Property in Colombia. Assays include 8.4 g/t gold over 24 metres (including 112 g/t over 1.5 metres), 20 g/t over 4.5 metres, 1.7 g/t over 21 metres, 1.2 g/t over 84 metres, 1.7 g/t over 31.5 metres, 2.4 g/t over 25 metres, 1.9 g/t over 31.5 metres, 5.2 g/t over 10.5 metres, 3.3 g/t over 16 metres, 1.6 g/t over 96 metres and 1.7 g/t over 70 metres.
President/CEO Robert Hinchcliffe said, “Strong drill results continue to be returned from Galway’s California exploration program. In light of Ventana Gold’s recently released 3.5 million ounce resource estimate and the takeover bid for that company by EBX, a fund controlled by Mr. Eike Batista, Galway reiterates its ownership of a fractional land position within Ventana’s concessions. We consider it very significant that these resources appear to directly border Galway’s properties.”
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by Ted Niles