Gainey Samples 40g/t Gold at Las Margaritas
TSX VENTURE: GNC
VANCOUVER, BC / ACCESSWIRE / February 7, 2019 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) ("Gainey" or the "Company") is pleased to report that first-pass sampling on the main vein system on its newly-optioned Las Margaritas project in Durango, Mexico has confirmed the previously reported strike length of at least 1,500-1,600 metres (see Gainey news release of September 13, 2018) and obtained assays up to 40.0g/t gold.
Gainey CEO, David Coburn stated, "We are very encouraged by these early high-grade results. We believe that the Las Margaritas system is the epicenter of the El Colomo Project and that, together, they represent a district-scale opportunity for the delineation of a gold epithermal vein system similar in setting to the many precious metal mines along the Sierra Madre belt. Our technical team continues to push hard on mapping, sampling and analyzing the data, which will allow us to move forward with our planned drill program in the coming months."
The preliminary sampling program at Las Margaritas yielded 42 samples consisting of chip samples from old pits, chip-channel samples across exposed veins and grab samples from old mine dumps. Assays ranged from NIL to 40.0g/t gold, with 21 samples assaying more than 1.0g/t and 11 of those assaying more than 5.0g/t gold. Gainey follows a strict QC/QA protocol for sampling and transportation of samples to ALS Labs in Hermosillo, Mexico and then on to ALS Labs in Vancouver, BC. Canada.
David Dupre, P.Geo. is the designated Qualified Person for the El Colomo Project, as defined by Natioal Istrument 43-101, and has approved this news release.
About Gainey Capital Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
David Coburn, Chief Executive Officer
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