Gainey Capital Begins to Process 6,500 tons of Mineralized Material for Goldplay Exploration

Gainey Capital Corp. (TSXV:GNC) announced that it has entered into a processing agreement with Goldplay Exploration to process 6,500 tons of mineralized material from their gold properties located in the Rosario mining district in the State of Sinaloa, Mexico.
As quoted in the press release:

During the week of February 1, 2016, the first tranche of mineralized material will be shipped to Gainey’s 100% owned, 300-tpd processing centre in Huajicori, Mexico.
Gainey has received several mineralized material shipments from Goldplay, which have been detailed in the news releases on April 9, 2016& and  June 23, 2015. With the success of these sampling programs, Gainey and Goldplay have decided to enter into an agreement to process 6,500 tons of Goldplay’s mineralized material commencing the week of February 1, 2016. Gainey is confident that this opportunity will add, and continue to add, positive cash flow to the company and increase value for its shareholders.

Gainey Capital CEO, David Coburn, stated:

We are continuing to develop the 50/50 profit split business model as mentioned in the previous news release. We feel this is an intelligent business model that will bring ongoing revenues to the company and offers the potential for future growth. Goldplay is a very strong partner that brings several revenue generating opportunities to the company. Gainey is exploring other exciting tolling opportunities with Goldplay, which we will announce on in the coming months.
In 2014 and 2015, the precious metals market proved to be very difficult and volatile. In response, Gainey has continued to adjust its operational strategies to adhere to these challenging market conditions. We’ve proven to be adaptable and resourceful, while continuing to grow our operations in Mexico. We’re confident that the low-cost structure of our business arrangements with Goldplay will allow both companies to be equitable, even at the current precious metal (gold and silver) prices. We will continue to provide updates as we ship mineralized material to our 300-tpd processing centre.

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