El Capitan Receives Two Lab Reports Showing an Average of over .10 opt of Gold Equivalent
SCOTTSDALE, Ariz.-(Business Wire)-September 21, 2009 - El Capitan Precious Metals, Inc. (OTC/BB:ECPN) reports: The Company recently received results from two separate labs showing an average gold equivalent of over .10 opt.
Ten (10), chain of custody, surface samples consisting of 200 grams each, were fired with a lead collector after first using a pre-treatment which reduces the amount of iron in the sample. The resulting metal buttons were then split and sent to two separate labs for analysis: Both labs, International Plasma Labs (IPL) and Copper State Analytical (CSA)., came up with similar results supporting the average combined Gold and Silver value of over .10 opt Gold Equivalent.
These results help verify previous data obtained by Gold & Mineral’s metallurgists who performed primary and confirming procedures resulting in the recovery of gold and silver using the same basic method. (G&M is a 60% partner in the El Capitan property.)
A Ph.D. chemist has been retained to compile the metallurgical and geological information to present to an investment banking firm for the purpose of marketing the property. The complete geological report can be found on the web site.
In addition G&M has contracted with Cyberactive Marketing to design a newly activated full feature Investor friendly web site for ECPN @ www.elcapitanpmi.com The new web site features KITCO precious metals prices, latest industry news section, YAHOO financial ECPN.OB price quotes, slide show photos of the mine site, an investor section, El Capitan project geological reports, mine history, press releases, and contact information. The site also features an up to the minute count of the number of visitors to the site at that time.
About El Capitan Precious Metals, Inc.
El Capitan Precious Metals, Inc. is an exploration stage company that owns a 40% interest in the El Capitan property located near Capitan, New Mexico as well as a joint venture and 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Arizona.
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. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, the 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 the possibility that future exploration, development 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 iron ore and other products; fluctuations in world market prices for the Company’s products; the Company’s ability to obtain or maintain regulatory approvals; the Company’s ability to obtain financing for the commencement of mining activities on satisfactory terms; the Company’s ability to obtain necessary financing; the Company’s ability to enter into and meet all the conditions to close 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. The Company disclaims any obligation to update its forward-looking statements.
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