Gainey and Vetas y Minerales Mining Sign Letter of Intent and Processing Agreement

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[{"type":"text","content":"Gainey and Vetas y Minerales Mining Sign Letter of Intent and Processing AgreementVANCOUVER, BC / ACCESSWIRE / September 9, 2015 / Gainey Capital Corp. (TSX-Venture: GNC) (PINKSHEETS: GNYPF) (\"Gainey\" or the \"Company\") is pleased to announce that it has signed a Letter of Intent and Processing Agreement (\"Agreement\") with Vetas y Minerales Mining, S.A. de C.V. (\"Vetas y Minerales Mining\") to process mineralized material from Vetas y Minerales Mining's mineral property (\"Property\") in Acaponeta, Nayarit at Gainey's 100%-owned, 300-tpd processing centre located outside of Huajicori, in Nayarit, Mexico.\nGainey has been sampling mineralized materials from Vetas y Minerales Mining's Property over the past 60-days and has agreed to commence processing of ~1,800 tons of mineralized material starting the week of September 14, 2015. \nUnder the terms of the Agreement, Gainey and Vetas y Minerales Mining have agreed to a 50/50 profit split from proceeds generated from the sale of concentrate after all expenses are paid. \nVetas y Minerales Mining is a privately held Mexican mining company headquartered in Mazatlan, Sinaloa with mining operations in various locations around the Acaponeta, Nayarit area. Vetas y Minerales Mining's representative, Alan Frias Lopez, is quoted as saying, \"We are excited to work with a group like Gainey who has such extensive technical expertise. We have been sampling mineralized material with them over the past 60-days and they have proven to be a very strong processing partner. We look forward to continuing our work together.\" \nDavid Coburn, CEO of Gainey Capital, commented, \"This is our first foray into a profit sharing business model, which we're confident will be a very successful endeavour. With Vetas y Minerales Mining's extensive knowledge of the area and strong financial backing, we feel this partnership will be mutually beneficial for both companies and will create significant value for our shareholders.\"\nAbout Gainey Capital Corp.\nGainey Capital is a gold and silver exploration, development and mineral processing company exploring an aggregate of 192-km2 strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The company's processing centre, located outside of Huajicori, in Nayarit, Mexico, is capable of processing up to 300 tons of mineralized ...

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