For Immediate Release� � � � � � � � � � � � � � � � � � � � �
April 6, 2011
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For Further Information Contact:
Brian Barnes
Equiti.trend�
800-585-6988 or� � � � � � � � � � � � � � � � � � �
James G. Ricketts
303-472-3298
www.elcapitanpmi.com
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ECPN HAS DIRECT SMELT DORE BAR REFINED BY GANNON & SCOTT RECOVERING 1.2 OUNCES OF GOLD EQUIVALENT PER TON OF HEAD ORE
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Scottsdale, Arizona- El Capitan Precious Metals, Inc. (OTC/BB:ECPN) reports:� At the request of a potential concentrate buyer � El Capitan Precious Metals, Inc. had Gannon & Scott refine a gold and silver dore bar,� direct smelted� through chain of custody� from concentrates created from one ton of EL Capitan� head ore. The bar recovered results� of gold and silver totaling 1.2 ounces of gold equivalent.� Go to the Company Web Site (www.elcapitanpmi,com) for the metallurgical details.
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Gannon & Scott provides state-of-the-art precious metal refining and assaying services to leading companies across North America. With processing facilities located on both the East and West Coasts, and the most sophisticated refining technologies in place, Gannon & Scott is capable of sampling precious metal bearing material on a large and small scale.
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Chuck Mottley, President and CEO of ECPN, states:� “These results show the commercial feasibility of our New Mexico property.� The refining of this bar utilized only one of three processes that we are currently working with.� The other two patentable� processes with Wendell and Co. are also showing positive results indicating the economic feasibility of the property.�
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Two years ago the Company Board of Directors set four specific goals.� The Board has diligently pursued these goals and continue to make significant headway.� They are:
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1.� � � Continue to finish the assay procedures to determine the value of the property.
2.� � � Determine the cost of recovery for each process to ascertain which is the most feasible.
3.� � � Engage an Investment Bank to aid in marketing the property.
4.� � � To have the Investment Bank� proceed in selling the property
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We are pleased with the progress of our goals at this point.”
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 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 iron ore and other products;� fluctuations in world market prices for the Company’s products; the Company’s ability to obtain or maintain regulatory approvals;� the Company’s ability to obtain financing for the commencement of mining activities on satisfactory terms; the Company’s ability to obtain necessary financing;� the Company’s ability to enter into and meet all the conditions to close 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.� |