SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that it has completed preparation of the basic elements for the due diligence activity required to market the approximately 250 acre site currently being analyzed. This site has been verified to have at least 141 million tons of measured resource.
These basic elements include:
- The appointment of the due diligence team led by Dr. Noel Palmer and Dr. Clyde Smith.
- The geological data describing the claim site and the surrounding region.
- The formulation of its “carbon pre-roast silver-lead collection” recovery technique reliably yielding improved results in a lower cost of recovery as well as showing higher values of the precious metals.
- Obtaining values generated from “chain of custody” head ore concentrates which were validated by commercial sale.
The Company is exceptionally well positioned to demonstrate both the asset value of the ore and an efficient cost of precious metal recovery.
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.