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Gainey Capital Corp.
Summary
| Project: | El colomo | |
|---|---|---|
| Deposit: | La Nueva Vicoria | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/29/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-9-2016: Gainey Capital Corp. announces an Exploration/Drilling Update report for its La Nueva Vicoria deposit at the El colomo project. Drilling results incl. 70.85m @ 0.65g/t Au, 35.31g/t Ag from 5.15m. September 29, 2016 – Vancouver, British Columbia | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Hladky (Not stated) | |
| ABSTRACT: | September 29, 2016 – Vancouver, British Columbia - Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce assay results from the first hole of the Company’s ongoing, Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone (“La Nueva Victoria”) of the El Colomo property in Sierra Madre Golden Belt, Mexico. The mineralized interval commences at 5.15 meters from surface for 70.85 meters of 0.65 g/t Au and 35.31 g/t Ag (1.14 g/t Au Eq). El Colomo is a highly prospective, 187 km2 property with district-scale gold-silver potential located within the ‘Golden Corridor’ in Sierra Madre, Mexico. High-grade and bulk tonnage targets have already been identified through prior exploration and there are strong indications of continuity between La Higuerita, La Nueva Victoria and El Arrayan (at least 2 km in strike length). Please refer to Figure 1 on page 2 of this release for a map showing the extent of the El Colomo property. 97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 20 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other. | |
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