Gainey Signs Letter of Intent to Acquire the 9200 Hectare La Minita Property, Sinaloa, Mexico

About this update from Masivo Silver Corp.

[{"type":"text","content":"Gainey Signs Letter of Intent to Acquire the 9200 Hectare La Minita Property, Sinaloa, MexicoVANCOUVER, BC / ACCESSWIRE / December 19, 2017 / Gainey Capital Corp. (TSX-V: GNC) (OTC PINK: GNYPF) (\"Gainey\" or the \"Company\") is pleased to announce that it has entered into a non-binding Letter of Intent (\"LOI\") with Asteria Mining Services, S.A.P.I. de CV of Mazatlán, Sinaloa (\"AMS\") to acquire 100% of the La Minita Copper /Gold/Silver Property (\"La Minita\" or \"the property\") located in the state of Sinaloa, Mexico. The property is comprised of five mineral claims or applications encompassing approximately 9,200 hectares located 80 kilometers to the southeast of Mazatlán. The property borders Marlin Gold's La Trinidad mine property to the northeast and Agnico Eagle's El Coral property to the southeast.\nThe La Minita property consists of a series of northwest trending shears that host copper/gold/silver porphyry style mineralization associated with intermediate and felsic dikes. The shears are poorly exposed but have been observed to extend for greater than 300 meters along strike and measure up to 10 meters in width. Over the last several years, local prospectors (gambusinos) have identified and excavated a number of these shear zones at various locations over an area extending for 4.5 kilometers along strike by up to 600 meters wide. Alteration and mineralization exposed in the workings includes fine grained sericitic alteration, silicification, quartz stockworks and copper sulfides (bornite, chalcopyrite) as disseminations and veins. The more intense mineralization is hosted in felsic and intermediate composition dikes intruding the shears, indicating an intrusive related source of mineralization.\nIn 2015, a reconnaissance study and report was completed for AMS over portions of the 4.5 kilometer long trend. The study identified the Tio Alejo area centered along the northwestern extent of the trend and the Los Camole area centered along the southeastern extent as being of highest importance based on recent gambusino activity. Both areas exhibit a similar trend and style of mineralization. As part of the program, 37 rock chip samples were collected from the workings. Sample locations, widths, and assay results from the report were reviewed in the field with the supervising geologist and found to adhere to acc...

More updates from Masivo Silver Corp.