By Charlotte McLeod
Gold Investing News
Gold and silver exploration and development company Gainey Capital (TSXV:GNC) operates in Mexico, a popular mining jurisdiction, but compared to many of the other companies working there, its game plan is fairly unique.
What does that mean? Put simply, while exploration is important to Gainey — the company has engaged Minera Cascabel to start a Phase I exploration program at its El Colomo project — it doesn’t seem to be its first priority. Instead, the company’s main focus is a 300-tonne-per-day mill that it plans to use to toll process the ore of other mining companies in the area.
Most recently, Gainey completed an upgrade program at the mill through which it “increas[ed] efficiency and substantially reduc[ed] operational costs.” The program included maintenance work “and focused on the main power system/grid, as well as electrical and mechanical systems and pumps, motors and water systems.”
Here’s a June 13 video showing the mill in action — make sure you watch with sound!