Gainey Provides Corporate, Operations & Exploration Update

http://www.stockhouse.com/news/press-releases/2017/03/30/gainey-provides-corporate-operations-exploration-update

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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s