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Article: Galway Resources releases new resource estimates for the Victorio project.
- Article from:
- PR Newswire
- Article date:
- August 19, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, Aug. 19 /PRNewswire-FirstCall/ -- Galway Resources Ltd. (GWY: TSX-V) is pleased to announce new resource estimates for the Victorio project, which is a molybdenum tungsten project located in southern New Mexico. The new resource estimate incorporated the results of the recently completed 12-hole, 25,000 foot, phase 2, infill drilling program. The purpose of the infill drilling program is to upgrade the resource with the intended next step being a pre-feasibility study following the positive results of the recent Scoping Study.
"We are very pleased with the new upgraded resource with a high percentage now falling in the measured category. A component of ...