SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCBB:ECPN) announces that it has repeatedly demonstrated a commercial assay method employing samples of ’chain-of-custody’ ore that yields results comparable to its dore bar production results.
The most recent samples of ore have assayed at 1.2 ounces of gold equivalent per ton.
This industry method has repeatedly and consistently yielded recurring results and values and is the technology that will be used in analyzing the ore for the marketing and sale of the property. This breakthrough technology demonstrates a repeatable commercial assay method communicating the value of the property in a clear and compelling manner to a prospective buyer.
These results confirm the representations made by management during the last several months and consistently support the ore values achieved in the Company research.
Chuck Mottley, Company President and CEO, stated: “This is the most exciting milestone we have achieved to date. It validates our previous research and allows us to proceed with the marketing of the property on a very positive basis.
“I could not have asked for a more fitting event for the end of the year. We think this bodes well for our vision of a prosperous 2012.”
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.