February 25, 2017 4:23 AM ET

Metals and Mining

Company Overview of Gainey Capital Corp.

Company Overview

Gainey Capital Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Mexico. The company explores for gold and silver deposits. It owns interests in the El Colomo gold/silver project covering an area of 18,766 hectares located in the western portion of the Sierra Madre Occidental mountain range; and a concentration plant and associated equipment located in Huajicori, Nayarit of Mexico. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

595 Howe Street

Suite 501

Vancouver, BC V6C 2T5


Founded in 2011



Key Executives for Gainey Capital Corp.

Chief Executive Officer, President and Director
Age: 55
Total Annual Compensation: C$125.8K
Chief Financial Officer and Corporate Secretary
Age: 57
Total Annual Compensation: C$30.0K
Compensation as of Fiscal Year 2015.

Gainey Capital Corp. Key Developments

Gainey Capital Corp. Provides Corporate Exploration Update VANCO

Gainey Capital Corp. announced that the Company's Phase 1 drill program is progressing and has been expanded at the El Colomo Gold-Silver project (El Colomo) located in the Sierra Madre Occidental Trend in Western Mexico. The drilling is focused on the La Higuerita mineralized zone (La Higuerita) and the La Nueva Victoria Mineralized zone ('La Nueva Victoria') which are two of the company's 21 known mineralized zones within El Colomo. The drilling of three additional drill holes targeting La Higuerita was announced, two of which have been completed, sampled and shipped to ALS Chemex Labs in Vancouver, BC for analysis and the remaining drill hole is currently in progress. The La Higuerita mineralized zone is located approximately 250 meters northeast of La Nueva Victoria, from which Gainey drill tested. The company is planning to drill an additional four holes, along the La Nueva Victoria trend, 140 meters to the northeast of holes DHEC160001-3, and in between the La Nueva Victoria and La Higuerita zones.

Gainey Capital Corp. Announces Assay Results from Second and Third Holes of its Phase 1 Drill Program at the La Nueva Victoria Mineralized Zone of the El Colomo Property in Sierra Madre Golden Belt, Mexico

Gainey Capital Corp. announced assay results from the second and third holes of the company's Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone of the El Colomo property in Sierra Madre Golden Belt, Mexico. The mineralization encountered in hole DHEC160002 ("Hole 2") commenced at 19.40 meters from surface for 72.20 meters of 0.41 g/t Au and 20.21 g/t Ag (0.69 g/t Au Eq) and for hole DHEC160003 commenced at 10.50 meters from surface for 34.20 meters of 1.19 g/t Au and 86.57 g/t Ag (2.39 g/t Au Eq). Holes 2 and 3 targeted the center of the silicified vein breccia zone, consisting of gray quartz veining and permeable lithic tuff. Hole 2 was targeted at -80° below, the previously released, hole DHEC160001 and Hole 3 was targeted to intersect this zone to the northwest, by approximately 28 meters. Hole 1 intercepted over 70 meters of 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). 97% of this 18,766-hectare project has not been explored using modern concepts & technology. All 21 mineralized zones identified to date are located in the central portion of the property and within a 1.5 km radius of each other.

Gainey Capital Corp. Intersects Near-Surface Mineralization over 70 Meters of 1.14 g/t Au Eq at La Nueva Victoria, Mexico

Gainey Capital Corp. announced assay results from the first hole of the company’s ongoing, Phase 1 drill program at the near surface, La Nueva Victoria Mineralized Zone 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). Hole 1 targeted the center of the silicified vein breccia zone, consisting of grey quartz veining and permeable lithic tuff, of the La Victoria structure at a dip of -60 degrees. Two additional holes targeting this zone are currently being processed, and the results are anticipated shortly.

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