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.”