Gainey Signs New Community Working Agreement; Accelerates Ore Processing and Exploration Plans
03.02.2015 | Accesswire
Community partnership increases access to large pool of skilled workersVANVOUVER, BC / ACCESSWIRE / February 3, 2015 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) ("Gainey" or the "Company") is pleased to announce its 100% owned/controlled Mexican Sub Corp, Minera Buena Fortuna S.A. DE C.V., has signed a new "Working Agreement" with the San Francisco De Lajas Indian Community in the State of Durango, Mexico. Gainey owns and operates mining concessions of approximately 6,000 Hectares in Durango and has recently identified several new mineral targets in these concessions. The agreement includes increased access to a large number of skilled local workers, which will facilitate Gainey's plans to begin bulk-sampling its own ore from its advanced 300 TPD mill and processing centre in 2015. The agreement will also support the company's aggressive 2015 exploration plans, details of which Gainey expects to announce by the end of February.
David Coburn, CEO of Gainey Capital, commented, "Our 2015 plans are aggressive, both for ore processing at our mill and also exploration. Durango is a very pro-business and pro-mining State and we're excited to begin exploration work in our Durango concessions this February, as per the agreement."
About Gainey Capital Corp.
Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company's Mill, located on its El Colomo property property, is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure. Additional information on Gainey Capital, its current operations and its vision is available on the Company's website at www.gaineycapital.com or from info@gaineycapital.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn"
David Coburn, Chief Executive Officer
For information, please contact the Company:
Gainey Capital Corp.
Phone: 480-347-8904
E-mail: info@gaineycapital.com
Website: www.gaineycapital.com
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