Drilling Intercepts 170 Feet Of Tungsten Mineralization
ELKO, NV - Galway Resources Ltd. reported results from its 15-hole 7,000 foot drilling program which was completed in December 2007 at the Indian Springs Project. In total Galway has drilled 16,000 feet to complement the 62,000 feet of historical drilling that was done previously. The property is located in Elko County, Nevada. The Company continues to upgrade the quality of the 43-101 resource estimate by doing more drilling, while also obtaining more sample material for metallurgical testing.
"We are pleased with these solid results, with hole 133 having over 320
feet of mineralization (including 170 feet at 0.17% WO(3)), and with hole
130 having just under 200 feet of mineralization, it's very encouraging.
With tungsten pricing remaining around $12.50 per pound, the implied metal
value for this deposit demonstrates its vast potential as an open pit
deposit," said Robert Hinchcliffe, President of Galway Resources.
Highlights of the current drill results include: thick intercepts: Hole ISC07-133 intercepted 170 feet of 0.17% of tungsten (WO(3)), along with 88 feet of .28% WO(3) that is near surface. Hole ISC07-133 intercepted 68 feet of 0.17% WO(3) and High Grade: Hole ISC07-133 also intercepted 14 feet of mineralization
with an average grade of 0.44% WO(3) and also 23 feet of 0.26% WO(3).