SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCBB:ECPN) reports: El Capitan Precious Metals has received the Analytical Data from work performed by Arrakis, Inc., located in Denver, Colorado. This third-party source has taken considerable time to perform the needed research to confirm the values of the PGM and Gold samples taken from chain of custody head ore removed from the El Capitan property.
Preliminary review of the data supports El Capitan’s expectations of commercially recoverable precious metals.
The Arrakis data along with the Copper State Analytical Laboratory data has been submitted to a qualified Person, Richard Daniele, and a highly qualified Chemist, Noel Palmer, Ph.D., who was recommended as a third-party resource by our Geologist Clyde Smith, Ph.D. (see the Elcapitanpmi.com website to review the professional credentials of these men). This approach of review and examination of data is to provide the Investment Bank with accurate information about the material located on the El Capitan property.
A summary of the Arrakis data will be released after this review by management and consultants has been completed.
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, 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. The Company disclaims any obligation to update its forward-looking statements.