By Business Wirevia The Motley Fool
Filed under: Investing
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),” …read more
Source: FULL ARTICLE at DailyFinance