ECPN Reports Significant Gold Assay Results
Feb 28th 2013 7:36AM
Updated Feb 28th 2013 8:20AM
ECPN Reports Significant Gold Assay Results
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today that the Company recently obtained results from a well-respected metallurgical lab which used pre-treatment of the ore and the industry accepted method of cyanide vat leaching. The resulting assays, which were obtained under "Chain of Custody" procedures, demonstrated significant values of gold along with lesser amounts of other precious metals.
In an effort to increase the value of its mining property ECPN has added this method of precious metal recovery process to the silver-lead recovery process (known as the Sundancer Method described in previous releases) currently being utilized.
To maximize the recovery of all precious metals the Company is now working with the metallurgical lab to further develop an encompassing recovery process which will include both cyanidation recovery as well as the silver-lead process.
The Company intends to engage Dr. Clyde Smith, a well-known and highly respected geologist, to be its "Qualified Person" (QP). He will be responsible for monitoring and overseeing both processes with the highest level of credibility.
Chuck Mottley, Company President and CEO, stated: "This is a very positive step in achieving the goals of the Company as previously outlined by management. The Company believes that the potential recovery of gold utilizing a standard recovery method along with the recovery of silver using the Sundancer Method could significantly increase the value of the property and enhance shareholder value."
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is an exploration stage precious minerals company based in Scottsdale, Arizona that is principally engaged in the exploration of precious metals and other minerals. The Company's primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100% equity interest in the El Capitan property located near Capitan, New Mexico.
Forward-Looking Safe Harbor Statement:
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the expected completion, timing and results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and expectations with respect to the engaging in strategic transactions. All of such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Specifically, there can be no assurance regarding the timing and terms of any transaction involving the Company or its El Capitan property, or that such a transaction will be completed at all. In addition, there can be no assurance that periodic updates to the Company's geological technical reports will support the Company's prior claims regarding the metallurgical value and make-up of the ore on the New Mexico property. Additional risks and uncertainties affecting the Company include, but are not limited to, the possibility that future exploration, development, testing or mining results will not be consistent with past results and/or the Company's expectations; discrepancies between different types of testing methods, some or all of which may not be industry standard; the ability to mine precious and other minerals on a cost effective basis; the Company's ability to successfully complete contracts for the sale of its products; fluctuations in world market prices for the Company's products; the Company's ability to obtain and maintain regulatory approvals; the Company's ability to obtain financing for continued operations and/or the commencement of mining activities on satisfactory terms; the Company's ability to enter into and meet all the conditions to consummate contracts to sell its mining properties that it chooses to list for sale; and other risks and uncertainties described in the Company's filings from time to time with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
El Capitan Precious Metals, Inc.
Frank Capilla, Investor Relations
KEYWORDS: United States North America Arizona
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