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Gainey Capital signs gold-silver processing deal, terminates La Minita buy

Gainey Capital Corp. said Feb. 28 that it signed a letter of intent with Grupo Wolinak SA de CV for the purchase and processing of a gold-silver mineralized bulk sample for its Huajicori mill in Mexico.

The letter of intent contemplates the signing of a formal ore processing deal, should the grade results from the near-surface bulk sample be favorable. In addition, the bulk sampling is part of a review to potentially acquire the property from Grupo Wolinak.

Meanwhile, Gainey Capital terminated a deal with Asteria Mining Services SAPI de CV to acquire the La Minita copper-gold-silver property in Mexico.