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Gainey Signs 10 Year Community Working Agreement To Provide Additional Support for Exploration And Ore Processing

Latest community partnership provides further access to heavy equipment and workers

Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce it has signed a new 10 year "Working Agreement" with the San Andres Milpillas Indian Community (Comunidad Indigena de San Andres Milpillas), in the State of Nayarit, Mexico, where Gainey owns and operates the mining concessions of approximately 15,000 Hectares. The agreement includes increased access to a large number of skilled and unskilled local workers, as well as heavy equipment at very attractive rates. This is the final community agreement relating to Gainey’s Mexican mining concessions and is a key step in supporting Gainey’s aggressive 2015 ore processing and exploration plans at its El Colomo gold and silver property, where 21 strongly mineralized bodies have already been identified.

 

Located in the prolific gold and silver region of Sierra Madre, El Colomo has a large number of high-grade and bulk tonnage targets, including the aptly-named ‘Golden Zone’. Exploration work will be led by renowned geologist, Peter Megaw, and Minera Cascabel. The company plans to use profits from its advanced 300 TPD Mill, the only one in the region with gravity and flotation circuits for optimized returns, to help fund exploration programs at El Colomo.

 

David Coburn, CEO of Gainey Capital, commented, Forging a strong partnership with the local community has been a key goal for Gainey and we’re delighted to have achieved this milestone. Our ore processing business continues to grow and preparations are well underway for exploration at our remarkable El Colomo project. This agreement will enable us to pursue our goals and support the community at the same time that they are supporting us in the years ahead.

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares 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 This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

    “David Coburn”

David Coburn, Chief Executive Officer

 

For information, please contact the Company:

Phone: 480-347-8904    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

 

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.

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Gainey and Garibaldi Sign Bulk Sampling Agreement; Potential for Long-Term Revenue Share

 

High-grade mineralized material from Garibaldi’s gold project to be bulk-sampled at Gainey’s advanced mill and processing centre

Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce it has signed a letter of intent with Garibaldi Resources to bulk sample mineralized material from Garibaldi’s La Patilla project at Gainey’s advanced 300 TPD mill and processing centre. Following successful bulk sampling of the material, which has assayed as high as 10.4 gpt Au, the companies will evaluate the potential for processing over the long term via a Tolling/Revenue/Profit sharing business model agreement.

Gainey’s 100%-owned mill and processing centre, which is the only one in the region with gravity and flotation circuits for optimized returns, is located in close proximity to Garibaldi’s La Pailla property. Both the mill and Garibaldi’s property are easily accessible and surrounded by excellent infrastructure in established mining districts.

David Coburn, CEO of Gainey Capital, commented, “ Garibaldi’s La Patilla gold mining project is located close to our mill and their 2014 drill program returned very impressive grades and wide mineralization. With our mill and processing centre fully operational and capable of doubling its capacity with very low additional capital expenditure and at short notice, we are excited by the potential for Gainey and Garibaldi.”

Steve Regoci, CEO of Garibaldi Resources, said, “Garibaldi acquired La Patilla as a near-term exploitation project and our drilling has delivered tremendous first pass results. What’s more, we own our own drill rig, which keeps costs low. This agreement with Gainey gives us access to the most advanced mill and processing centre in the region and has the potential for a longer term partnership that could deliver considerable economic gain for both companies.”

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property 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 This email address is being protected from spambots. You need JavaScript enabled to view it. .

 ON BEHALF OF THE BOARD OF DIRECTORS

    “David Coburn”

David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: 480-347-8904    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

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.

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Gainey Capital Receives Confirmation of Environmental Authorization for La Nueva Victoria, La Bufa and El Arrayan Mining Concessions

Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP) Granted the Environmental Authorization to Proceed with Exploration/Exploitation Activities at La Nueva Victoria, La Bufa, and El Arrayan Mining Concessions

VANCOUVER, BC / ACCESSWIRE / March 11, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce it has confirmed that its 100% owned Mexican Sub Corp. “Minera Buena Fortuna” can operate under the Environmental Authorization from the Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP), now Secretary of Environmental and Natural Resources (SEMARNAT).  This authorization applies to the Mineral concessions: La Nueva Victoria Mineral Concession, La Bufa Mineral Concession, and El Arrayan Mineral Concession for Exploration and Mining.  The Environmental Authorization will allow Minera Buena Fortuna to proceed with Exploration/Exploitation activities per its Exploration Strategy.

The Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP) granted in July 12, 2001 the Environmental Authorization for the Gold and Silver Exploration at La Nueva Victoria Mineral Concession, La Bufa Mineral Concession, and El Arrayan Mineral Concession for 18 years following all the official ecological rules, norms and regulations issued by the Mexican Government. Such authorization will end as July 11, 2019.

David Coburn, CEO of Gainey Capital, commented, "With these environmental permits in place, we now have the ability to rapidly advance the exploration at El Colomo property. Gainey is cementing the path to achieve important discoveries following the designed plans for 2015 since we are teaming up with the local communities, a great exploration team and the collaboration of our directors to do so."

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares 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 This email address is being protected from spambots. You need JavaScript enabled to view it. .

ON BEHALF OF THE BOARD OF DIRECTORS

"David Coburn" 

David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: 480-347-8904 

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

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.

 

 

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Gainey Capital Announces 2015 Exploration Program at El Colomo Project in Western Mexico

VANCOUVER, BC / ACCESSWIRE / March 25, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX:  GNYPF) ("Gainey" or the "Company") is pleased to announce 2015 exploration plans at its 100% owned El Colomo property located in the Sierra Madre Occidental Trend in Western Mexico. To date, 21 high-grade gold and silver targets have been identified within a 1.5 square kilometer area with highly prolific targets along the La Nueva Victoria vein, intrusive-hosted La Higuerita zone and Las Minitas zone. Phase l of the exploration program will include:

  • Stream sediment sampling of the entire 18,766-hectare property;
  • Geological mapping and geochemical sampling over the most prospective areas found in the stream sediment survey, as well as over areas of historic production;
  • Trenching in the above areas, then mapping and sampling of these trenches;
  • Data compilation, interpretation and detailed drill target selection;
  • Road access and drill pad construction for drilling; and,
  • Diamond drilling of target areas defined in work above, totaling 3,000 – 5,000 meters.

Upon successful completion of Phase l of the exploration plan, a Phase ll program will be implemented to include follow up diamond drilling and geologic mapping as well as trenching and geochemistry of areas of dense mineralization.  The follow up diamond drilling would focus on targets that have the greatest potential of containing minable resources. The exploration program would include bulk sampling and analysis of highly mineralized zones, which would be processed through our 300 tpd mill.   

David Coburn, CEO of Gainey Capital commented, “As of March 2015, the company is comfortably positioned with $2.3 million in the treasury per Q3 financial filings filed January 2015. We are pleased to commence Phase 1 of our exploration program budgeted at $535,000. Moving forward, we will further define highly mineralized zones that will be processed at our 300 tpd gravimetric and flotation-processing center. In addition, we’ll target new, high-grade mineralized zones on our property, which could constitute Gainey Capital as a district play within the Sierra Madre Occidental Zone.“

El Colomo Project

El Colomo is a highly prospective 18,766-hectare property with district-scale potential in a multi-million ounce gold and silver district. 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).

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares 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 This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

"David Coburn" 

David Coburn, Chief Executive Officer

 

For information, please contact the Company:

Phone: 480-347-8904 

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.gaineycapital.com

 

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.