Gainey Announces Phase Ii Exploration Program At El Colomo
Suite 501 – 595 Howe Street
Vancouver, BC CANADA V6C 2T5
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TSXV: GNC / OTC: GNYPF October 04, 2017
Gainey Announces Phase Ii Exploration Program At El Colomo
Vancouver, BC - Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) ("Gainey" or the "Company") is pleased
to announce that as of October 15, 2017, the Company will commence its Phase II exploration program at the El
Colomo Gold-Silver project (“El Colomo”) in the States of Nayarit and Durango , Mexico. The Phase II program
will be divided into four stages, as follows:
Stage 1
Detailed mapping program along the known Golden Corridor , paying particular focus on the El Arrayan, Las
Minitas, La Bufa and El Guayabo mineralized zones, located 1.2 km to the south-southeast of the La Nueva
Victoria and La Higuerita mineralized zones which have been drill tested by Gainey and have encountered gold
and silver mineralization.
Stage 2
Detailed mapping and rock chip sampling to the north of El Colomo’s Gol den Corridor where four anomoulous
gold showings have been identified through the Company’s stream sediment sampling program. Highlights from
this program include anomoulous gold values of 129 ppb (“parts per billion”), 115 ppb, 74 and 75 ppb.
These results were encountered in the State of Durango in an area 1.5 km wide by 2.5 km long of strongly
argillically-altered and iron-stained volcanic rocks cut by multiple n orthwest-trending quartz veins. These altered
areas, called Las Lajitas-Masparillo, El Verano-Los Aguacates y El Corpo -Encino Prieto, appear to be on-strike
with, and may be an extension of, a 2.5 to 4 km to the Northwest of the mineralized called the Golden Corridor
which includes the La Nueva Victoria, La Higuerita, El Arrayan-Las Minitas and La Bufa-El Guayabo mineralized
zones.
Stage 3
Stream s ediment sampling to the west-northwest of the know n Golden Corridor where t he Company has
completed exploration work on more than 3,000 hectares including mapping, sampling, and drilling.
Stage 4
Drilling program of approximately 3,000 m testing the targets at El Arrayan-Las Minitas and La Bufa-El Guayabo
mineralized zones.
Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the exploration program,
stated “After encountering positive mineralization throughout our Phase I exploration program, our technical
team has a deeper understanding of the geology surrounding the known gold -silver epithermal systems present
throughout the El Colomo project. The exploration tha t was completed within Phase I has allowed us to define
multiple, new targets which we are looking forward to expose.”
Technical aspects of this news release have been reviewed and approved by David Dupre P.Geo., designated
as a qualified person under National Instrument 43-101.
About Gainey Capital Corp.
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Gainey Capital is a gold and silver exploration, development and mineral processing comp any exploring an
aggregate of 187 sq kms strategically located in the gold/silver -rich Sierra Madre Occidental Tre nd in western
Mexico. The company’s processing centre, located outside of Huajicori, in Nayarit, Mexico, is capable of
processing up to 300 tons of mineralized material per day with the capability to upgrade to 600 tons per day with
a 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 [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn”
David Coburn, Chief Executive Officer
For information, please contact the Company:
Phone: 480-347-8904
E-mail: [email protected]
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 th at 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.