Gainey Capital Corp. (TSXV: GNC) announced that it has it has received the assay results from its detailed sampling of the ‘Golden Corridor’ at its El Colomo project, Mexico.
Gainey Capital Corp. (TSXV:GNC) announced that it has it has received the assay results from its detailed sampling of the ‘Golden Corridor’ at its El Colomo project, Mexico.
As quoted in the press release:
The Golden Corridor is a northerly-trending area, 3.5-kms long by 1-km wide, with multiple exposures of sub-parallel mineralized structural zones associated with at least two dome-like felsic intrusions that are hosted by andesitic rocks. Six known mineralized zones are exposed in the Golden Corridor, and it appears to be open along strike. The known zones are La Nueva Victoria, El Arrayan, La Higuerita, La Bufa, La Peñita and El Guayavo.
A total of 266 samples were taken at the Golden Corridor. The width of these samples varies from 0.15 to 3.0-m wide. Highlights from the sampling of these mineralized zones include:
These mineralized outcrops in the Golden Corridor are comprised of veins, breccias, stockwork and disseminations, which are principally hosted by hydrothermally altered, rhyodacitic intrusive rock with quartz phenocrysts. This intrusive rock forms dikes as well as at least two domes and is hosted by andesitic volcanic rocks.
Gainey Capital’s CEODavid Coburn commented:
Results from our detailed surface mapping program have shown high grade gold-silver from mineralized structural zones as well as lower grade with potential bulk tonnage in the host wall rock. Our geology team is very excited with the results from this Phase 1 detailed mapping program and we will continue with our mapping of the central part of the El Colomo property which contains 15 unmapped, historic prospects and small mine workings outside the Golden Corridor.
Gainey Capital’s QP Larry Segerstrom stated:
The pervasive veining, argillic and silicic alteration, and size of the intrusive-hosted mineralized area suggests the presence of a strong hydrothermal system with the potential for large volumes of low-grade gold-silver mineralization at shallow depths. This potential for bulk tonnage will begin to be tested by diamond drilling in early 2016.