VANCOUVER, BC / ACCESSWIRE / June 23, 2015 /
Gainey Capital Corp. (TSX VENTURE: GNC) (PINKSHEETS: GNYPF) ("Gainey" or the "Company") is pleased to announce that it is receiving its second shipment of mineralization material from another one of Goldplay Exploration's ("Goldplay") gold properties, which is located in the Rosario mining district in the State of Sinaloa, Mexico. Goldplay's first material shipment to Gainey's 100% owned, 300tpd processing centre in Huajicori, Mexico resulted in successful completion of bulk-sampling activities. Goldplay has initiated a second shipment to follow up on positive sampling results from the first material shipment announced April 9, 2015: Gainey has Received Goldplay's First Material Shipment at its Processing Centre.
The second tranche of mineralized material is to be bulk-sampled at Gainey's 300tpd processing centre located in Huajicori in the state of Nayarit, Mexico, which is in close proximity and easily accessible by road to Goldplay's properties. Gainey's processing centre is the only one in the region with gravity and flotation circuits for optimized gold and silver recovery rates. Gainey's processing centre can support a second 300tpd ball mill to increase throughput capacity to 600tpd when the company is ready for further expansion.
David Coburn, CEO of Gainey Capital, commented, "I am very pleased with the type of mineralized material we have seen coming from Goldplay's gold properties. It has been a pleasure to work with Goldplay's strong geological team, which is headed by Frank Powell who has extensive knowledge of the Rosario area and surrounding mineralized properties in the states of Sinaloa and Nayarit in Western Mexico. We're in ongoing discussions with Goldplay on a number of business scenario's in order to continue our strong working relationship."
About Goldplay Exploration
Goldplay is a private mineral exploration company comprising a group of experienced explorers and financiers with a track record of recent discoveries in Latin America. The group is responsible for the discovery and development of La Trinidad Mine in the Rosario Gold belt currently being mined by Marlin Gold. The Company has properties in Mexico and Central America and is currently focused in Rosario Sinaloa, Mexico, a prolific gold and silver mining belt. The Company's has advanced several properties in the Rosario area to the resource stage and is sourcing methods to advance its projects to the next stage.
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 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
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
