Galway Resources Ltd. (TSX-V: GWY) has provided an update on its progress at its California gold properties in Colombia. The properties are positioned along strike with Ventana's La Mascota property. The sample results were taken from the Pie De Gallo pit. Sampling from 25 meter of the boundary have returned with gold results which included 8 meters grading 6.6 g/t Au.
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Galway is currently working on drilling within the Pie De Gallo pit and expects the results from the first hole in the next two weeks. The second hole has started from the same drill platform as the first and the second drill rig should start drilling by the end of January.
Galway Resources is a well capitalized company, primarily focused on the exploration of gold and coal in Colombia. The Company recently reported that drilling has commenced at the GALCA coal project in Colombia. The initial 19 hole drill program on the GALCA property will be managed and funded by Prodeco, the Colombian subsidiary of Xstrata. For more details see the press release dated November 17, 2009.
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