VANCOUVER, BC / ACCESSWIRE / July 7, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) ("Gainey" or the "Company") is pleased to announce that is has commenced a detailed mapping and sampling program at its 100% owned, 192-km2, El Colomo property (the “Property”), located in the Sierra Madre Occidental Trend in Western Mexico, in order to identify drill targets for its exploration program that is planned to commence Q4 2015.
Within Gainey’s El Colomo property an area known as the ‘Golden Corridor’, a 1 km wide and 3 km long zone containing many of the property’s historic mine workings, will be mapped and sampled in detail with the objective of identifying priority drill targets for its phase 1 drill program commencing Q4 2015. The ‘Golden Corridor’ contains 21 prospects of bulk-tonnage as well as high-grade epithermal gold-silver mineralization.
David Coburn, CEO of Gainey Capital commented, “We are very excited to be moving forward with a detailed mapping and sampling program to identify key drill targets at our El Colomo mineral concessions. We have strategically aligned ourselves with the local Indian community and put in tremendous effort to garner their ongoing support, which has allowed the company to seamlessly advance to this stage of our exploration program. We look forward to their ongoing support of our exploration activities at El Colomo and advancing the project to the next stages of exploration.”
El Colomo Project
El Colomo is a highly prospective 192-km2 property with district-scale potential in a multi-million ounce gold and silver belt. High-grade and bulk tonnage targets have already been identified through prior exploration and there are very strong indications of continuity between La Higuerita, La Nueva Victoria and Las Minitas (at least 2 km in strike length).
Qualified Person
Lawrence Segerstrom, a Director of the Gainey Capital Corp. and a Qualified Person under NI-43-101, reviewed and approves the content of this release.
About Gainey Capital Corp.
Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 192-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure. Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from [email protected] .
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
