on Galway Metals Inc. (CVE:GWM)
Galway Metals Initiates PEA for Estrades Project with BBA E&C Inc.
Galway Metals Inc. has announced the start of a Preliminary Economic Assessment (PEA) for its Estrades Polymetallic VMS project in Québec. The project, wholly owned by Galway, features high-grade gold and zinc deposits. A previous investment of CAD$20 million by Breakwater Resources Ltd. developed the site, which was initially mined in the early '90s.
Rob Hinchcliffe, CEO, indicated that the PEA will build on a prior scoping study performed by BBA E&C Inc. Galway aims to finalize the report in Q4 2025. The focus remains on gold, which is crucial to the project's economic value, reaching new price heights.
The PEA will consider improved metallurgical recoveries and the 2024 Mineral Resource Estimate of both indicated and inferred resources, based on a 2024 technical report by SLR Consulting Ltd.
R. P.
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