El Capitan Precious Metals Reports 99% Pure Precious Metals Recovery
John F. Stapleton, Chairman of the Board of El Capitan Precious Metals, Inc., (OTCQB: ECPN) announced today that significant advances in the Company’s precious metals recovery process have produced gold and platinum beads that are 99% pure, from its ultra-fine concentrates. Stapleton confirmed that the new recovery process is the result of recent collaborations and is both replicable and scalable.
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This photo depicts recovered gold beads—99% pure—from dozens of El Capitan ore concentrate samples tested using a new recovery process that will be used at the production plant currently in development. (Photo: Business Wire)
According to Stapleton, this critical step comes on the heels of other recent announcements by the Company that have paved the way for precious metals production and cash flow.
“We have succeeded in achieving the most significant milestone, recovery of 99% pure precious metals, in the management’s execution of its operational goals,” said Stapleton.
Photos of the precious metal beads are showcased here and are also featured on the El Capitan website: www.elcapitanpmi.com
Logistica U.S. Terminals, LLC, the Company’s processing agent, has placed in excess of seven tons of precious metals concentrates into a bonded COMEX warehouse in the name of El Capitan Precious Metals Inc. The warehouse receipt states the value of the concentrates to be $3.7 million. These concentrates are waiting to be processed and sold.
The Company’s new recovery process—a result of collaboration with Logistica, leveraging and licensing cutting-edge technologies, and sheer tenacity—will have an impact on how acquisition or joint-venture operations scenarios could unfold. The Board anticipates that the Company will have progress updates to announce at or before the Annual Shareholders Meeting on September 28, 2016 in Ruidoso, New Mexico.
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals Inc. is a mining company based in Scottsdale, Arizona that is principally engaged in the mining 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. www.elcapitanpmi.com
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.
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Contact
El Capitan Precious Metals Inc.
John F Stapleton, 480-440-1449
