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GWY-62

  • 24.0 meters grading 8.4 grams per tonne gold (g/t Au), including 1.5 meters
    of 112.0 g/t Au
  • 4.5 meters grading 20.0 g/t Au, including 1.5 meters of 45.1 g/t Au
  • 21.0 meters grading 1.7 g/t Au, including 3.0 meters of 6.5 g/t Au
  • 19.5 meters grading 1.2 g/t Au

GWY-60

  • 84.0 meters grading 1.2 g/t Au, including 3.0 meters of 10.6 g/t Au
  • 31.5 meters grading 1.7 g/t Au, including 9.0 meters of 2.6 g/t Au
  • 16.5 meters grading 1.5 g/t Au, including 6.0 meters of 2.9 g/t Au
  • 9.5 meters grading 1.3 g/t Au

GWY-59

  • 25.0 meters grading 2.4 g/t Au and 227.7 g/t silver (Ag), including 3.0 meters
    of 11.6 g/t Au, 1,730.0 g/t Ag, 1.6% copper and 1.8% zinc
  • 7.5 meters grading 3.1 g/t Au, including 1.5 meters of 8.3 g/t Au
  • 18.0 meters grading 1.2 g/t Au

GWY-57

  • 16.5 meters grading 3.6 g/t Au, including 4.5 meters of 10.9 g/t Au
  • 31.5 meters grading 1.9 g/t Au, including 1.5 meters of 12.3 g/t Au and also
    including 1.5 meters of 10.8 g/t Au

GWY-56

  • 10.5 meters grading 5.2 g/t Au, including 1.5 meters of 25.0 g/t Au
  • 4.5 meters grading 9.1 g/t Au, including 1.5 meters of 22.9 g/t Au

GWY-63

  • 16.0 meters grading 3.3 g/t Au, including 4.0 meters of 11.0 g/t
  • 8.0 meters grading 2.1 g/t Au and 77.1 g/t Ag

The six holes drilled in the Pie de Gallo Zone have extended the continuity of known parallel mineralized zones both vertically and laterally along structure. GWY-59 intersected zones near surface that correlate well down-dip with intersections in GWY-53 and GWY-54. The hole also penetrated a thicker zone at depth of 25.0 meters grading 2.4 g/t, that, paired with GWY-62 (24.0 meters grading 8.4 g/t Au), indicates continuity of mineralization over 40 meters along structure northeast of the mineralized intercept in GWY-10 (13.5 meters grading 15.6 g/t Au), and with GWY 54 (19.5 meters of 11.0 g/t). GWY-56, GWY-57 & GWY-60 passed through and appear to correlate along structure with the 89.0 meter gold bearing intercept in GWY-10, and these holes demonstrate mineralization from surface to a 200 meter depth. GWY-63 is interpreted to have intersected the southwest extension of the mineralization encountered in GWY-42 and GWY-43. Strike length of the mineralization identified in the Pie de Gallo Zone is approximately 270 meters and is open in all directions.

Gold intercept highlights from the Northeast Zone are as follows:

GWY-58

  • 96.0 meters grading 1.6 g/t Au, including 1.5 meters of 21.2 g/t Au

GWY-55

  • 70.0 meters grading 1.7 g/t Au, including 9.0 meters of 4.5 g/t Au
  • 13.5 meters grading 2.3 g/t Au, including 1.5 meters of 16.3 g/t Au

GWY-61

  • 45.0 meters grading 0.9 g/t Au

A 0.5 g/t Au lower cutoff grade was applied in determining all intervals provided above. No upper cutoff grade was applied.

The three holes drilled in the Northeast Zone offset the intercept encountered in GWY-37 (121.5 meters grading 2.7 g/t Au). Intercepts were shallow, starting at 14.3 meters in GWY-61 and 38.5 meters in both GWY-55 and GWY-58. GWY-58 and GWY-61 penetrated the mineralized zone above GWY-37, extending the known mineralization in this section up structure to surface outcrops. The intercepts correlate well from the surface to a minimum depth of approximately 100 meters. Strike length of this mineralized zone in the Northeast Zone is approximately 100 meters and open in all directions. The intersections of Ventana's Hole 330 in La Mascota's SW Extension (91.2 meters of 1.31 g/t Au, 3.0 meters of 16.5 g/t Au and 3.5 meters of 9.4 g/t Au) may correlate with Galway's mineralization. Ventana indicates that the average resource grade in this area is similar to the main La Mascota zone.

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