VANCOUVER, BC / ACCESSWIRE / July 15, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce that is has identified 3 gold anomalies through the company’s steam sediment sampling program at its 100% owned, 192-km2, El Colomo property that is located in the Sierra Madre Occidental Trend in Western Mexico.
The first 35 stream sediment samples were collected over a 7-day period in the northwestern portion of the El Colomo mineral property in an area called La Chata. These samples resulted in 3 gold anomalies, including: 74 ppb (“parts-per-billion”), 17 ppb and 115 ppb. The anomalies were found in an area, 1.5-km wide by 2.5-km long, of strongly argillically altered and iron stained volcanic rocks cut by multiple northwest-trending quartz veins.
This altered area, called Las Lajitas-Masparillo, appears to be on-strike with, and may be an extension of, the “Golden Corridor” (Nueva Victoria, La Higuerita, Las Minitas and El Arayan concessions), an area of known mineralization 7-km to the southeast. Follow-up fieldwork, starting with mapping and outcrop sampling, will be incorporated into Gainey’s 2015 exploration plan.
David Coburn, CEO of Gainey Capital commented, “These early results are very promising as they indicate that the mineralization at the Golden Corridor may continue along the same structural zone into the La Chata area, at least 7-km to the northwest. Also, the anomalies suggest the presence of a parallel mineralized zone 2-km east of the Golden Corridor, which greatly broadens our target area. We are very pleased with the discovery of these 3 anomalies as they offer Gainey new, highly prospective areas to add to the company’s exploration plan this year.”
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.