Gainey Capital Receives Confirmation of Environmental Authorization for La Nueva Victoria, La Bufa, and El Arrayan Mining Concessions
March 11, 2015 (Source: Accesswire) — Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP) Granted the Environmental Authorization to Proceed with Exploration/Exploitation Activities at La Nueva Victoria, La Bufa, and El Arrayan Mining Concessions
Gainey Capital Corp. (TSXV:GNC) (OTCQX:GNYPF) (“Gainey” or the “Company”) is pleased to announce it has confirmed that its 100% owned Mexican Sub Corp. “Minera Buena Fortuna” can operate under the Environmental Authorization from the Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP), now Secretary of Environmental and Natural Resources (SEMARNAT).This authorization applies to the Mineral concessions: La Nueva Victoria Mineral Concession, La Bufa Mineral Concession, and El Arrayan Mineral Concession for Exploration and Mining.The Environmental Authorization will allow Minera Buena Fortuna to proceed with Exploration/Exploitation activities per its Exploration Strategy.
The Secretary of Environmental, Natural Resources and Fisheries (SEMARNAP) granted in July 12, 2001 the Environmental Authorization for the Gold and Silver Exploration at La Nueva Victoria Mineral Concession, La Bufa Mineral Concession, and El Arrayan Mineral Concession for 18 years following all the official ecological rules, norms and regulations issued by the Mexican Government. Such authorization will end as July 11, 2019.
David Coburn, CEO of Gainey Capital, commented, “With these environmental permits in place, we now have the ability to rapidly advance the exploration at El Colomo property. Gainey is cementing the path to achieve important discoveries following the designed plans for 2015 since we are teaming up with the local communities, a great exploration team and the collaboration of our directors to do so.”
About Gainey Capital Corp.
Gainey Capital is a gold and silver exploration, development and ore processing company exploring an aggregate of 18,766 hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company’s Mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day and the company has the capability, including permitting, to upgrade to 600 tons per day with low capital expenditure. Additional information on Gainey Capital, its current operations and its vision is available on the Company’s website at www.gaineycapital.com or from firstname.lastname@example.org.
ON BEHALF OF THE BOARD OF DIRECTORS
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.
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