Business
Gainey Capital Corp. Issues CEO's Letter to Shareholders
VANCOUVER, BC / ACCESSWIRE / January 16, 2018 / Gainey Capital Corp. (TSX-V: GNC) (OTC PINK:...
About this update from Masivo Silver Corp.
[{"type":"text","content":"Gainey Capital Corp. Issues CEO's Letter to ShareholdersVANCOUVER, BC / ACCESSWIRE / January 16, 2018 / Gainey Capital Corp. (TSX-V: GNC) (OTC PINK: GNYPF) (\"Gainey\" or the \"Company\") is pleased to provide David Coburn's year-end summary of company milestones achieved in 2017 and a look at plans for 2018.\nDear Valued Shareholders,\nFor Gainey Capital, 2017 has proven to be a pivotal year as we advanced existing assets, negotiated the acquisition of an additional exploration project and secured further funding. The last several years have been trying times in the junior exploration sector but I believe the work we have completed to date positions us to add significant value to the company in the coming years. In addition, our success should be complemented by a gradual improvement in the natural resources sector over the longer term.\nDuring 2017, we continued to advance the El Colomo project. Early in the year, our geological team finalized the Phase I drilling program which had successfully encountered near surface mineralization at the La Nueva Victoria zone, including 70.85 m of 0.65 g/t Au and 35.31 g/t Ag. The drilling confirmed the district hosts significant gold and silver mineralization in line with results of surface sampling performed by the company. In the latter half of 2017, a second phase of exploration work was initiated on the property to follow up on results of the Phase I program and further define a number of the remaining untested mineralized zones. A number of drill ready targets have been defined and will be prioritized in line with other opportunities being considered by the company.\nIn an effort to diversify its exploration portfolio, the company has been actively reviewing projects located in western Mexico. As part of this program, the La Minita property was identified as a likely candidate for acquisition based on significant copper, gold and silver grades at surface and substantial exploration potential across the large land package (approximately 9,200 hectares). Additionally, the La Minita property, located in southern Sinaloa state, presents great infrastructure and location as it lies less than 5 kilometers from Mexican Highway 15 and less than 10 kilometers from a rail line. In late 2017 we successfully negotiated terms to acquire 100% of the property and signed a letter of intent with the ...