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).
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.