Gainey Continues to Drill New Zones at La Higuerita within The El Colomo Gold-Silver Project in Mexico

VANCOUVER, BC / ACCESSWIRE / October 13, 2016 / Gainey Capital Corp. (TSXV:GNC) is pleased to announce the continuation of the Company’s Phase 1 drilling program of an additional three holes at the ‘La Higuerita Gold-Silver mineralized zone’ (“La Higuerita”) located in the Sierra Madre Occidental Trend in Western Mexico.
La Higuerita is a part of Gainey’s 100% owned, 187 km2 El Colomo Gold-Silver project that hosts 21 highly prospective, gold-silver mineralized zones located within the Sierra Madre Golden Belt, Mexico. The Company is currently in the process of drill testing at La Higuerita which has encountered the following surface samples, located in Table 1 below, that appear on the Gainey news release disseminated on October 06, 2015.

Rafael Gallardo, Senior Geologist of Minera Cascabel S.A. de C.V., who is leading the drill program, commented, “The targets of La Higuerita and El Arrayan mineralized zones host the same characteristics of mineralization and alteration as was encountered at the La Nueva Victoria target and all three zones are part of the Golden Corridor.

These two targets have strong potential to find veins of high grade values hosted in felsic dykes and permeable lithic tuff. We are very excited to drill these two additional targets.”

David Coburn, CEO of Gainey, commented, “We are very encouraged by the success and drill results that have been encountered at the near-surface, La Nueva Victoria mineralized zone. As we continue to move forward with our Phase 1 drilling program on La Higuerita, we are most encouraged by the fact that the Company’s El Colomo Project hosts a further 19, drill-ready, prospective gold-silver mineralized zones that Gainey plans on drill-testing in the near future.”

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