Masivo Silver Corp. V.MASS

Gainey Temporarily Halts Drilling at Las Margaritas Project

[tickerhit]

VANCOUVER, BC / ACCESSWIRE / October 28, 2019 / Gainey Capital Corp. (TSXV:GNC) (OTC:GNYPF) ("Gainey" or the "Company") has temporarily halted all drilling activity at its Las Margaritas Property in Durango, Mexico following discussions with the local Indigenous groups. Gainey representatives and management are engaged in a dialogue to understand the concerns of community members and further updates will be provided as information is received.

About Gainey Capital Corp.

Gainey is a gold and silver exploration, development and ore processing company exploring an aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre Occidental Trend in western Mexico. The Company's mill, located on its El Colomo property, is capable of processing up to 300 tons of ore per day. Additional information on Gainey, its current operations and its vision, is available on the Company's website at www.gaineycapital.com or from [e-mail].

ON BEHALF OF THE BOARD OF DIRECTORS

"David Coburn"
David Coburn, Chief Executive Officer

For information, please contact the Company:

Phone: [phone]
E-mail: [e-mail]
Website: www.gaineycapital.com

FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

SOURCE: Gainey Capital Corp.

[LowMoor]

I could not resist! Grabbed some at the lows today. I am sure drills will turn again.

[lumpy13]

I, too, bought more shares, but it is risky. First, if they have issues with local indigenous groups, they were smart to stop drilling until things get worked out.  That being said, if things are more complicated, things could bog down for the foreseeable future.   Unfortunately, I've seen projects completely destroyed due to loss of community support.  Gainey needs to get it

[barcows]

This might turn out bad but I think stopping drilling to work things out with the locals is the right move. If we get them onside it will make for smoother sailing, if not this was a big gamble anyhow.

[barryt34]

How much does the stop drilling cost Gainey day to day?   What is the cost of the rig just sitting while they negotiate a new deal or iron out the issues?  This could take awhile 

[singsingasong]

Could this present a buying opportunity or is the risk too high? Why weren't all these issues sorted out before the start of drilling? Is this the fault of management?

[barryt34]

You should call into the company if you are thinking of buying stock.  Develop a good relationship with management , it will help you long term

[singsingasong]

l don't think that this management has the time to develop a relationship with me.

[barryt34]

Why do you say that?  Did you call in?