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.
