Business
Gainey Begins to Process 6,500 tons of Mineralized Material for Goldplay Exploration
VANCOUVER, BC / ACCESSWIRE / January 21, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF...
About this update from Masivo Silver Corp.
[{"type":"text","content":"Gainey Begins to Process 6,500 tons of Mineralized Material for Goldplay ExplorationVANCOUVER, BC / ACCESSWIRE / January 21, 2016 / Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (\"Gainey\" or the \"Company\") is pleased to announce that it has entered into a processing agreement with Goldplay Exploration (\"Goldplay\") to process 6,500 tons of mineralized material from their gold properties located in the Rosario mining district in the State of Sinaloa, Mexico. During the week of February 1, 2016, the first tranche of mineralized material will be shipped to Gainey's 100% owned, 300-tpd processing centre in Huajicori, Mexico.\n\nGainey has received several mineralized material shipments from Goldplay, which have been detailed in the following news releases: http://gaineycapital.com/news/8-news/63-gainey-has-received-goldplays-first-material-shipment-at-its-processing-centre.html & http://gaineycapital.com/news/8-news/67-gainey-receiving-second-tranche-of-mineralized-material-from-goldplay.html. With the success of these sampling programs, Gainey and Goldplay have decided to enter into an agreement to process 6,500 tons of Goldplay's mineralized material commencing the week of February 1, 2016. Gainey is confident that this opportunity will add, and continue to add, positive cash flow to the company and increase value for its shareholders.\n\nFrank Powell, Head Geologist of Goldplay, commented, \"We have spent several months sampling mineralized materials from our local gold properties at Gainey's processing centre and have successfully completed the due-diligence necessary to advance to the next stages of our working agreement with Gainey.\"\n\nDavid Coburn, CEO of Gainey, commented, \"We are continuing to develop the 50/50 profit split business model as mentioned in a previous news release: http://gaineycapital.com/news/8-news/70-gainey-and-vetas-y-minerales-mining-sign-letter-of-intent-and-processing-agreement.html. We feel this is an intelligent business model that will bring ongoing revenues to the company and offers the potential for future growth. Goldplay is a very strong partner that brings several revenue generating opportunities to the company. Gainey is exploring other exciting tolling opportunities with Goldplay, which we will announce on in the coming months.\"\n\nDavid Coburn, CEO of Gainey, continued, \"In 201...