Demand proving strong for Gainey mill’s optimized gold and silver recovery rates
Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce receipt of $240,000 USD in deposits from independent, private mining companies at its 300-tpd (tons per day) mill in the prolific gold/silver Sierra Madre region of Western Mexico. The Gainey mill is the only one in the region to include a gravimetric/flotation processing center, which optimizes gold and silver recovery rates. The company now has several months of ore from regional mining companies stockpiled at the mill.
The mill’s operational team is run by Gainey Operations Manager, George Cantua, who previously supervised Barrick Gold’s 24,000-tpd mill in the Dominican Republic.
David Coburn, CEO of Gainey Capital, commented, “Demand for our ore processing services is proving to be very strong and negotiations are taking place with a number of additional mining companies. With the only gravimetric/flotation processing center in the area we have a distinct advantage in productivity and costs. In the event that demand continues to grow, we have the ability to upgrade the mill to 600 tpd with minimal incremental capital and without any need for additional permitting.”
“We are also in the process of developing the exploration program for our tremendously prospective 18,766 Hectare, El Colomo gold and silver project, which has a number of high-priority drill targets already established. Exploration will be headed up by renowned geologist, Peter Megaw and his company Minera Cascabel.” Added Coburn.