ANCOUVER, BC / ACCESSWIRE / March 30, 2017 / Gainey Capital Corp. (TSX-V: GNC) (OTC PINK: GNYPF) (“Gainey” or the “Company”) provides the following corporate and exploration updates:
Corporate and Operations Update
The Company reports that the process of updating its NI 43-101 Technical Report on the El Colomo Gold-Silver project (“El Colomo”) located in the Sierra Madre Occidental Trend in Western Mexico is nearing completion and should be filed with the regulatory authorities shortly.
The Company is pleased to report that it is currently negotiating ore supply contracts with multiple local Mexican mining operators to supply its 300-ton per day mill at Huajicori. As the resource industry continues to rebound, and with gold prices relatively stable, local producers have begun restarting operations – the Company is well-positioned to ramp up processing immediately. As needed, capacity at the Gainey mill can be scaled to up to 600 tons per day on an extremely cost-effective basis.