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UPDATE: Galway Resources Falls More Than 3% as Provides Veta Gold Project Update

Galway Resources Ltd. (GWY.V) fell more than 3% early Monday after announcing assay results from an additional three diamond drill holes and the completion of results from two others at its Vetas gold project, host of the El Volcan gold mine, located 8 kilometers southeast of the company's California gold project in northeastern Colombia. It said the multiple veins targeted in the current drill program have, in just six holes, returned 26 gold assays of 5 g/t or more, 16 assays of 10 g/t or more, 10 assays of 25 g/t or more and 5 assays of 50 g/t or more. It added: "The focus of Galway's initial exploration efforts at Vetas is to test for a continuation of mineralization below the existing 500 meter by 300 meter El Volcan mine, which has been operating for over 400 years and is the largest gold mine in the California-Vetas-Surata gold districts."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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