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Gainey Provides Drilling Update

January 09, 2017 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to announce that the Company’s Phase 1 drill program is progressing and has been expanded at the El Colomo Gold-Silver project (“El Colomo”) located in the Sierra Madre Occidental Trend in Western Mexico. The drilling is focused on the La Higuerita mineralized zone (“La Higuerita”) and the La Nueva Victoria Mineralized zone (‘La Nueva Victoria’) which are two of the Company’s 21 known mineralized zones within El Colomo.

As reported in the Company’s news release on October 13, 2016, the drilling of three additional drill holes targeting La Higuerita was announced, two of which have been completed, sampled and shipped to ALS Chemex Labs in Vancouver, BC for analysis and the remaining drill hole is currently in progress.

The La Higuerita mineralized zone is located approximately 250 meters northeast of La Nueva Victoria, from which Gainey drill tested and released  assay results on September 29, 2016 and October 04, 2016 (see Table 1 below).

Further, due to the positive results received at La Nueva Victoria in Q4 2016 (see Table 1 below), the Company is planning to drill an additional four holes, along the La Nueva Victoria trend, 140 meters to the northeast of holes DHEC160001-3, and in between the La Nueva Victoria and La Higuerita zones.

Table 1 – Previously released drill results from the La Nueva Victoria Zone:

HOLE ID

FROM(m)

TO(m)

Width(m)

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160001

5.15

76.00

70.85

0.65

35.31

1.14

Including

5.15

44.8

39.65

0.79

43.86

1.39

and

60.50

76.00

15.50

0.73

38.54

1.27

DHEC160002

19.40

91.60

72.20

0.41

20.21

0.69

Including

57.00

73.20

16.20

0.74

28.88

1.14

DHEC160003

10.50

44.70

34.20

1.19

86.57

2.39

Including

10.50

14.00

3.50

4.32

438

10.39

And

27.10

44.70

17.60

1.29

37.06

2.29

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

 David Coburn, CEO of Gainey Capital, commented, “we are pleased with the drilling progress thus far on La Higuerita and we are looking forward to the first set of results from this zone to be disseminated in early 2017.”

La Higuerita is a part of Gainey’s 100% owned, 187 km2  El Colomo Gold-Silver project that hosts 21 highly prospective, gold-silver mineralized zones located within the Sierra Madre Golden Belt, Mexico.

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo and has approved the content of this news release. 

 

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 187-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 with 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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Clarification of Technical Disclosure on the El Colomo Property

Vancouver, BC – January 06, 2017 – Gainey Capital Corp. (TSXV: GNC) (OTCMKTS: GNYPF) (“Gainey” or the “Company”) reports that as a result of a review by the British Columbia Securities Commission, it is issuing this news release to retract certain points of technical disclosure. 

The informational facts in question, which disclosed mineral resource estimates for the La Higuerita and La Nueva Victoria zones of the El Colomo Project, were included in the Company’s corporate presentation, “Gainey Capital Corp. Q3 2016,” on pages 9, 12, and 15 which appeared on the Company’s website, www.gaineycapital.com. This version of the presentation has been removed from the website and an updated version has replaced it.

The Company would like to retract these mineral resource estimates from the removed corporate presentation as they were not compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Company has no current mineral resource estimates for the El Colomo Property.

The Company is currently drilling on the El Colomo property and anticipates filing an updated and current Technical Report early in 2017.

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo.

We Seek Safe Harbour

 

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 Continues to Drill New Zones at La Higuerita within The ‘El Colomo Gold-Silver Project’ in Mexico

October 13, 2016 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTC PINK: GNYPF) (“Gainey” or the “Company”) is pleased to announce the continuation of the Company’s Phase 1 drilling program of an additional three holes at the ‘La Higuerita Gold-Silver mineralized zone’ (“La Higuerita”) located in the Sierra Madre Occidental Trend in Western Mexico.

La Higuerita is a part of Gainey’s 100% owned, 187 kmEl Colomo Gold-Silver project that hosts 21 highly prospective, gold-silver mineralized zones located within the Sierra Madre Golden Belt, Mexico. The Company is currently in the process of drill testing at La Higuerita which has encountered the following surface samples, located in Table 1 below, that appear on the Gainey news release disseminated on October 06, 2015:

 

Surface Sample Highlights:

 

Table 1 - La Higuerita Length: 1,000 Meters, Width: 80 Meters

Width (meters)

Au g/t

Ag g/t

0.40

33.30

1,550.00

1.00

20.00

895.00

2.00

3.20

147.00

0.50

1.54

491.00

 

Gainey recently announced the drilling results from the ‘La Nueva Victoria mineralized zone’ which can be seen in Table’s 2 and 3 below:

 

Table 2 – Hole DHEC160001 from La Nueva Victoria Zone (released September 29, 2016):

HOLE ID

FROM

TO

Width

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160001

5.15

76.00

70.85

0.65

35.31

1.14

Including

5.15

44.8

39.65

0.79

43.86

1.39

and

60.50

76.00

15.50

0.73

38.54

1.27

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

  

Table 3 – Holes DHEC160002/3 from La Nueva Victoria Zone (released October 04, 2016):

HOLE ID

FROM(m)

TO(m)

Width(m)

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160002

19.40

91.60

72.20

0.41

20.21

0.69

Including

57.00

73.20

16.20

0.74

28.88

1.14

DHEC160003

10.50

44.70

34.20

1.19

86.57

2.39

Including

10.50

14.00

3.50

4.32

438

10.39

And

27.10

44.70

17.60

1.29

37.06

2.29

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

 

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “The target of ‘La Higuerita mineralized zone’ host the same characteristics of mineralization and alteration as was encountered at the La Nueva Victoria target and all three zones are part of the Golden Corridor. These two targets have strong potential to find veins of high grade values hosted in felsic dykes and permeable lithic tuff. We are very excited to drill these two additional targets.”

David Coburn, CEO of Gainey, commented, “we are very encouraged by the success and drill results that have been encountered at the near-surface, La Nueva Victoria mineralized zone.  As we continue to move forward with our Phase 1 drilling program on La Higuerita, we are most encouraged by the fact that the Company’s El Colomo Project hosts a further 19, drill-ready, prospective gold-silver mineralized zones that Gainey plans on drill-testing in the near future.”

El Colomo Property

El Colomo is a highly prospective, 187 km2 property with district-scale gold-silver potential located within the ‘Golden Corridor’ in Sierra Madre, Mexico. High-grade and bulk tonnage targets have already been identified through prior exploration and there are strong indications of continuity between La Higuerita, La Nueva Victoria and El Arrayan (at least 2 km in strike length).

97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 21 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other.

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo.

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 187-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s processing center, 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 Intersects Further Near-Surface Mineralization of 34.2 Meters of 2.39 g/t Au Eq at La Nueva Victoria, Mexico

October 04, 2016 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce assay results from the second and third holes of the Company’s Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone (“La Nueva Victoria”) of the El Colomo property in Sierra Madre Golden Belt, Mexico.

The mineralization encountered in hole DHEC160002 (“Hole 2”) commenced at 19.40 meters from surface for 72.20 meters of 0.41 g/t Au and 20.21 g/t Ag (0.69 g/t Au Eq) and for hole DHEC160003 (“Hole 3”) commenced at 10.50 meters from surface for 34.20 meters of 1.19 g/t Au and 86.57 g/t Ag (2.39 g/t Au Eq).

 

Table 1 – Holes DHEC160002/3 from the La Nueva Victoria Zone at El Colomo:

HOLE ID

FROM(m)

TO(m)

Width(m)

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160002

19.40

91.60

72.20

0.41

20.21

0.69

Including

57.00

73.20

16.20

0.74

28.88

1.14

DHEC160003

10.50

44.70

34.20

1.19

86.57

2.39

Including

10.50

14.00

3.50

4.32

438

10.39

And

27.10

44.70

17.60

1.29

37.06

2.29

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

 

Holes 2 and 3 targeted the center of the silicified vein breccia zone, consisting of gray quartz veining and permeable lithic tuff. Hole 2 was targeted at -80° below, the previously released, hole DHEC160001 and Hole 3 was targeted to intersect this zone to the northwest, by approximately 28 meters. Hole 1 intercepted over 70 meters of 1.14 g/t Au Eq (please see the Company’s news release dated September 28th, 2016).

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “the results encountered from drill holes 2 and 3 show that Au-Ag mineralization is being encountered near surface and the mineralized structure is open at depth and along strike at La Nueva Victoria.”

David Coburn, CEO of Gainey, commented, “we are encouraged by the further success of the drill program at the La Nueva Victoria zone. This is one of 21 surface mineralized zones that we have identified in the 3 km by 1 km area of the El Colomo Project referred to as the “Golden Corridor” and we are looking forward to progressing through our drill testing of these zones to evaluate their mineralization potential”.

El Colomo Property

El Colomo is a highly prospective, 187 km2 property with district-scale gold-silver potential located within the ‘Golden Corridor’ in Sierra Madre, Mexico. High-grade and bulk tonnage targets have already been identified through prior exploration and there are strong indications of continuity between La Higuerita, La Nueva Victoria and El Arrayan (at least 2 km in strike length).

97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 21 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other.

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo.

La Nueva Victoria Drilling and Assay QA/QC

All drill core from this release is drilled at HQ diameter and is split into equal halves near site. All samples are assayed using standard 33 element ICP and 50 gram fire assay with atomic absorption finish by ALS in Vancouver, Canada.

QA/QC programs using internal standard samples, field and lab duplicates and blanks, indicate good accuracy and precision in a large majority of standards assayed. As the mapped mineralized corridors strike N-S, the drill holes were designed to have azimuths perpendicular or as close to perpendicular to the strike as the permitted pad would allow. As this is the first drill program by Gainey at El Colomo, the dip of the main structure is not entirely known but is believed to dip steeply to the west based on mapping and historical work, and thus the intercept is estimated to represent 50-60% of the true width.  No intercept was reported that averaged less than 0.4 g/t Au and/or 10.0 g/t Ag and no intercept had more than five consecutive meters of less than 0.2 g/t Au and/or 10 g/t Ag, or began or ended with values less than 0.2 g/t Au and/or 10 g/t Ag.

About Gainey Capital Corp.

Gainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 187-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s processing center, 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 Intersects Near-Surface Mineralization Over 70 Meters of 1.14 g/t Au Eq at La Nueva Victoria, Mexico

September 29, 2016 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce assay results from the first hole of the Company’s ongoing, Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone (“La Nueva Victoria”) of the El Colomo property in Sierra Madre Golden Belt, Mexico. The mineralized interval commences at 5.15 meters from surface for 70.85 meters of 0.65 g/t Au and 35.31 g/t Ag (1.14 g/t Au Eq), please see Table 1 below for more details:

 

Table 1 – New drill results from the La Nueva Victoria Zone at El Colomo:

HOLE ID

FROM

TO

Width

Au_g/t

Ag_g/t

Au_Equivalent*

DHEC160001

5.15

76.00

70.85

0.65

35.31

1.14

Including

5.15

44.8

39.65

0.79

43.86

1.39

and

60.50

76.00

15.50

0.73

38.54

1.27

*Au Equivalent calculated using a price of $1,300 US/oz for gold and $18 US/oz for silver.

Hole 1 targeted the center of the silicified vein breccia zone, consisting of grey quartz veining and permeable lithic tuff, of the La Victoria structure at a dip of -60 degrees. Two additional holes targeting this zone are currently being processed, and the results are anticipated shortly.

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “the results that we have received for the first drill hole are very encouraging and I look forward to the results from the other two holes designed to target this zone. The near-surface Au-Ag mineralization we have encountered is typical of epithermal low-sulphidation type deposits found in the area.”

David Coburn, CEO of Gainey, commented, “the maiden drill results on La Nueva Victoria confirm our model for sub-surface mineralization following up on our initial detailed sampling program. Further drilling along trend and at depth has the potential to see this zone expand significantly and, in addition to future drilling at La Higuerita and El Arrayan, have the potential to support the discovery of an under-explored gold-silver mineralized system.”

El Colomo Property

El Colomo is a highly prospective, 187 km2 property with district-scale gold-silver potential located within the ‘Golden Corridor’ in Sierra Madre, Mexico. High-grade and bulk tonnage targets have already been identified through prior exploration and there are strong indications of continuity between La Higuerita, La Nueva Victoria and El Arrayan (at least 2 km in strike length). Please refer to Figure 1 on page 2 of this release for a map showing the extent of the El Colomo property.

97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 20 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other. 

Figure 1 – Full Extent of the El Colomo Property

new El Colomo cropped website

Qualified Person

David Hladky, P. Geo. is the Qualified Person with respect to NI 43-101 at El Colomo.

La Nueva Victoria Drilling and Assay QA/QC

All drill core from this release is drilled at HQ diameter and is split into equal halves near site. All samples are assayed using standard 33 element ICP and 50 gram fire assay with atomic absorption finish by ALS in Vancouver, Canada.

QA/QC programs using internal standard samples, field and lab duplicates and blanks, indicate good accuracy and precision in a large majority of standards assayed. As the mapped mineralized corridors strike N-S, the drill holes were designed to have azimuths perpendicular or as close to perpendicular to the strike as the permitted pad would allow. As this is the first drill program by Gainey at El Colomo, the dip of the main structure is not entirely known but is believed to dip steeply to the west based on mapping and historical work, and thus the intercept is estimated to represent 50-60% of the true width.  No intercept was reported that averaged less than 0.4 g/t Au and/or 10.0 g/t Ag and no intercept had more than five consecutive meters of less than 0.2 g/t Au and/or 10 g/t Ag, or began or ended with values less than 0.2 g/t Au and/or 10 g/t Ag.

About Gainey Capital Corp.

 

Gainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 187-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s processing center, 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.