Gainey Capital is in the final stages of preparing the infrastructure required for the upcoming drill program at the Las Margaritas gold project in Durango, Mexico. The repair and construction of approximately 39 kilometres of road are being completed by a D6 CAT to facilitate access for the exploration team and drilling equipment to and between drill sites. This has taken longer than originally planned due to recent heavy rain and road washouts in the area. In addition, a water reservoir system is being constructed to support the drilling.
Follow-up mapping and sampling at the project has extended the strike extent of the main vein system to approximately 3,500 metres and collected grab samples with assays of up to 73.7g/t gold. As previously reported (see Gainey news release of February 7, 2019), preliminary sampling obtained assays up to 40.0g/t gold from grab samples, indicating the locally high-grade nature of the mineralization.
The Company is moving as quickly as possible towards the initiation of this inaugural drill program at Las Margaritas and will provide further updates as the drilling commences.