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Gainey and Vetas y Minerales Mining Sign Letter of Intent and Processing Agreement

Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has signed a Letter of Intent and Processing Agreement (“Agreement”) with Vetas y Minerales Mining, S.A. de C.V. (“Vetas y Minerales Mining”) to process mineralized material from Vetas y Minerales Mining’s mineral property (“Property”) in Acaponeta, Nayarit at Gainey’s 100%-owned, 300-tpd processing centre located outside of Huajicori, in Nayarit, Mexico.

Gainey has been sampling mineralized materials from Vetas y Minerales Mining’s Property over the past 60-days and has agreed to commence processing of ~1,800 tons of mineralized material starting the week of September 14, 2015.

Under the terms of the Agreement, Gainey and Vetas y Minerales Mining have agreed to a 50/50 profit split from proceeds generated from the sale of concentrate after all expenses are paid.

Vetas y Minerales Mining is a privately held Mexican mining company headquartered in Mazatlan, Sinaloa with mining operations in various locations around the Acaponeta, Nayarit area. Vetas y Minerales Mining’s representative, Alan Frias Lopez, is quoted as saying, “We are excited to work with a group like Gainey who has such extensive technical expertise. We have been sampling mineralized material with them over the past 60-days and they have proven to be a very strong processing partner. We look forward to continuing our work together.”

David Coburn, CEO of Gainey Capital, commented, “This is our first foray into a profit sharing business model, which we’re confident will be a very successful endeavour. With Vetas y Minerales Mining’s extensive knowledge of the area and strong financial backing, we feel this partnership will be mutually beneficial for both companies and will create significant value for our shareholders.”

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral 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 processing centre, located outside of Huajicori, in Nayarit, Mexico, is capable of processing up to 300 tons of mineralized material per day and the company has the capability to upgrade to 600 tons per day with a 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 SAMPLES UP TO 33.30 GPT GOLD AND 1,550 GPT SILVER AT THE ‘GOLDEN CORRIDOR’

October 6, 2015 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has it has received the assay results from its detailed sampling of the ‘Golden Corridor’ at its El Colomo project. The Golden Corridor is a northerly-trending area, 3.5-kms long by 1-km wide, with multiple exposures of sub-parallel mineralized structural zones associated with at least two dome-like felsic intrusions that are hosted by andesitic rocks. Six known mineralized zones are exposed in the Golden Corridor, and it appears to be open along strike.  The known zones are La Nueva Victoria, El Arrayan, La Higuerita, La Bufa, La Peñita and El Guayavo.

A total of 266 samples were taken at the Golden Corridor.  The width of these samples varies from 0.15 to 3.0-m wide.  Highlights from the sampling of these mineralized zones include:

Results

To review sample results and geologic maps with the location of the samples, please visit: www.gaineycapital.com.

These mineralized outcrops in the Golden Corridor are comprised of veins, breccias, stockwork and disseminations, which are principally hosted by hydrothermally altered, rhyodacitic intrusive rock with quartz phenocrysts.  This intrusive rock forms dikes as well as at least two domes and is hosted by andesitic volcanic rocks.

Larry Segerstrom, Gainey Capital’s QP, commented, “The pervasive veining, argillic and silicic alteration, and size of the intrusive-hosted mineralized area suggests the presence of a strong hydrothermal system with the potential for large volumes of low-grade gold-silver mineralization at shallow depths.  This potential for bulk tonnage will begin to be tested by diamond drilling in early 2016.”  

Rafael Gallardo, Senior Geologist of Minera Cascabel that led the recent work, commented, “The field data and geochemical results obtained in this detailed mapping and sampling program suggest that the dikes that host the mineralization at La Nueva Victoria and El Arrayan may be connected at depth with the domes at La Higuerita and La Bufa.  This represents a significant potential for a low-grade, high-tonnage deposit.”

David Coburn, Gainey Capital’s CEO, commented, "Results from our detailed surface mapping program have shown high grade gold-silver from mineralized structural zones as well as lower grade with potential bulk tonnage in the host wall rock.  Our geology team is very excited with the results from this Phase 1 detailed mapping program and we will continue with our mapping of the central part of the El Colomo property which contains 15 unmapped, historic prospects and small mine workings outside the Golden Corridor."

The Golden Corridor was mapped and sampled in detail with the aim of identifying priority drill targets for Gainey’s Phase 1 drill program commencing in early 2016. 

 

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 mineral 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 processing centre, located outside of Huajicori, in Nayarit, Mexico, is capable of processing up to 300 tons of mineralized material per day and the company has the capability to upgrade to 600 tons per day with a 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 REPORTS GOLDEN ANVIL S.A. De C.V. DEFAULTS ON PROMISSORY NOTE

Gainey Capital Corp. (TSXV: GNC) (“Gainey” or the “Company”) reports that Golden Anvil S.A. De C.V. (“Golden Anvil”) has defaulted on a Promissory Note issued to the Company as part of the Qualifying Transaction.

 

The Company received a signed Promissory Note in the amount of $266,215 from Golden Anvil to reflect amounts owing to Gainey Capital Corp. for various costs on its Mexican property. These costs were paid by Gainey Capital but were incurred by Golden Anvil prior to the finalizing of the Qualifying transaction which closed in September 2013.

 

The Note amount carries a 12% per annum interest rate compounded monthly and as of December 31, 2015 this debt, including interest, has a fair market value of $348,265. The Promissory Note is secured by 800,000 Consideration Shares (“Pledged Shares”) and personally guaranteed by Marco Antonio Rincon-Valdes and Francisco Rolando Rincon-Romo. Golden Anvil agreed to repay 50 percent of the Note on or before September 27, 2014, and the remaining 50 percent on or before March 27, 2015.

 

As per the Asset Purchase Agreement dated September 27, 2013, and given the 800,000 Consideration shares will not sufficiently cover the total outstanding, Gainey has instructed its legal counsel to settle this matter under Arbitration.

 

About Gainey Capital Corp.

Gainey 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.  Additional information on Gainey, 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: 602-315-1231    

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it. "> 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 Begins to Process 6,500 tons of Mineralized Material for Goldplay Exploration

January 21, 2016 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that it has entered into a processing agreement with Goldplay Exploration (“Goldplay”) to process 6,500 tons of mineralized material from their gold properties located in the Rosario mining district in the State of Sinaloa, Mexico. During the week of February 1, 2016, the first tranche of mineralized material will be shipped to Gainey’s 100% owned, 300-tpd processing centre in Huajicori, Mexico.

Gainey has received several mineralized material shipments from Goldplay, which have been detailed in the following news releases: http://gaineycapital.com/news/8-news/63-gainey-has-received-goldplays-first-material-shipment-at-its-processing-centre.html  & http://gaineycapital.com/news/8-news/67-gainey-receiving-second-tranche-of-mineralized-material-from-goldplay.html. With the success of these sampling programs, Gainey and Goldplay have decided to enter into an agreement to process 6,500 tons of Goldplay’s mineralized material commencing the week of February 1, 2016. Gainey is confident that this opportunity will add, and continue to add, positive cash flow to the company and increase value for its shareholders.

Frank Powell, Head Geologist of Goldplay, commented, “We have spent several months sampling mineralized materials from our local gold properties at Gainey’s processing centre and have successfully completed the due-diligence necessary to advance to the next stages of our working agreement with Gainey.”

David Coburn, CEO of Gainey, commented, “We are continuing to develop the 50/50 profit split business model as mentioned in a previous news release: http://gaineycapital.com/news/8-news/70-gainey-and-vetas-y-minerales-mining-sign-letter-of-intent-and-processing-agreement.html. We feel this is an intelligent business model that will bring ongoing revenues to the company and offers the potential for future growth. Goldplay is a very strong partner that brings several revenue generating opportunities to the company. Gainey is exploring other exciting tolling opportunities with Goldplay, which we will announce on in the coming months.”

David Coburn, CEO of Gainey, continued, "In 2014 and 2015, the precious metals market proved to be very difficult and volatile. In response, Gainey has continued to adjust its operational strategies to adhere to these challenging market conditions. We’ve proven to be adaptable and resourceful, while continuing to grow our operations in Mexico. We’re confident that the low-cost structure of our business arrangements with Goldplay will allow both companies to be equitable, even at the current precious metal (gold and silver) prices. We will continue to provide updates as we ship mineralized material to our 300-tpd processing centre.”

 

 

About Goldplay Exploration

 

Goldplay is a private mineral exploration company comprising a group of experienced explorers and financiers with a track record of recent discoveries in Latin America. The group is responsible for the discovery and development of La Trinidad Mine in the Rosario Gold belt currently being mined by Marlin Gold. The Company has properties in Mexico and Central America and is currently focused in Rosario Sinaloa, Mexico, a prolific gold and silver mining belt. The Company's has advanced several properties in the Rosario area to the resource stage and is sourcing methods to advance its projects to the next stage.

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral 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 processing centre, located outside of Huajicori, in Nayarit, Mexico, is capable of processing up to 300 tons of mineralized material per day and the company has the capability to upgrade to 600 tons per day with a 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.