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Galway announced the new gold zone at the New Brunswick project last month, yesterday saying the discovery hole had returned 36.7m at 7.3g/t gold from 49.85m, including 6.5m at 38.1g/t.
The new zone was in an area with no previous drilling, about 1km from both the Jubilee and George Murphy (GMZ) zones.
Galway also reported a grab sample grading 56.2g/t from a boulder about 250m southeast of Jubilee and 850m from the new discovery zone.
"These results exceed even our most optimistic expectations and we stand by our belief that Clarence Stream represents a new district scale opportunity," president and CEO Robert Hinchcliffe said.
The company was planning to incorporate Jubilee and GMZ into a resource update this year for Clarence Stream, where the North and South zones already have a measured and indicated 390,000 ounces at 2g/t and an inferred 277,000oz at 2.5g/t, plus an inferred 22 million pound antimony resource.
Galway had last year lamented having too many targets and only one drill.
The company said it had C$7 million (US$5.3 million) in cash this month.
Its shares hit a one-year high intraday on Wednesday of C44c.
They closed up about 42% to 39c, to capitalise it at $41.6 million.
