TSXV Trading Symbol: GNC
VANCOUVER, Feb. 12, 2014 /CNW/ - Gainey Capital Corp. (TSXV:
GNC) ("Gainey" or the "Company") is pleased to announce the
engagement of Minera Cascabel SA de CV as leader of its gold and
silver exploration strategy, and the launch of its Phase 1
exploration program in Nayarit,
Mexico.
Exploration Team
The Company is pleased to announce that Minera Cascabel of
Tucson, Arizona and Hermosillo, Mexico has been engaged to lead
the Company's exploration strategy and develop its Phase 1
exploration program at the El Colomo Project, located in the
gold/silver-rich Sierra Madre trend in Nayarit and Durango States, Mexico.
Led by principals Peter Megaw,
PhD (GeoPh) and Carl Kuehn, PhD,
PGeo, Minera Cascabel has a long history of gold/silver and other
precious metals exploration success within the Sierra Madre and
other parts of Latin America,
extending over 25 years. Minera Cascabel's main focus has
consistently been precious metals exploration in Mexico, where they are considered the leading
experts for exploration. They have managed large-scale
exploration programs for Kennecott, Teck, and BHP, among many
others, and have identified and helped bring to market Excellon
Resources Inc. (TSX: EXN) Platosa Mine in Durango (the highest
grade operating mine in Mexico),
MAG Silver's (TSX: MAG) Juanicipio Project (one of the world's
largest silver discoveries, currently moving towards
production with Fresnillo plc –
LSE: FRES), and MAG Silver's Cinco de
Mayo Project (major CRD discovery).
Minera Cascabel brings a complete technical team of geologists,
geotechnicians, and geoscientists to the El Colomo
Project. Dr. Megaw and Cascabel's VP Exploration Kuehn will jointly
lead the team, which has already begun consulting with Gainey
management to develop a comprehensive Phase 1 exploration plan to
systematically explore and develop the El
Colomo concessions.
On the engagement, David Coburn,
Gainey CEO commented: "Gainey is extremely fortunate to be working
with Cascabel and industry
luminaries such as Peter Megaw and
Carl Kuehn, whose involvement with
Gainey we feel is an endorsement of our El Colomo Project.
Cascabel adds significantly to our
team."
El Colomo Phase 1 Program
The Company is gearing up for the launch of its 2014 Phase 1
exploration program at El Colomo,
expected to commence in early Q2. A comprehensive exploration plan
for the concessions is being developed, which will include
systematic sampling, trenching and drilling. Details of the El
Colomo Phase 1 program will be made available as they are
developed.
About Gainey Capital Corp.
Gainey Capital is a gold and silver exploration and development
company exploring an aggregate of 18,766 hectares strategically
located in the gold/silver-rich Sierra Madre Occidental Trend in
western Mexico. Additional information on Gainey Capital, its
current operations and its vision is available on the Company's
website at www.gaineycapital.com or from
info@gaineycapital.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"David Coburn"
David Coburn, Chief Executive
Officer
FORWARD LOOKING STATEMENTS: This press release
may contain forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or
conditions "will", "would", "may", "could" or "should" occur.
Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results may differ materially from those in forward looking
statements. Forward-looking statements are based on the
beliefs, estimates and opinions of the Company's management on the
date such statements were made. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) has reviewed or accepts responsibility for the
adequacy or accuracy of this Release.
SOURCE Gainey Capital Corp.