December 10, 2008
Further Information Contact:
Pavlich, President and C.E.O
info@ElCapitanPMi.com or (775) 201-0168
Capitan Precious Metals, Inc. Reports Additional Commercial Laboratory
Nevada - El Capitan
Precious Metals, Inc. (OTC/BB:ECPN) reports that initial test work using
fine grinding and chemical leaching has provided encouraging results for both
assay and extraction efforts. The four one-kilogram tests were comprised
of material from two composite samples of the El Capitan deposit. The
average grade reported from the four tests was over 0.023 troy ounces of gold
per ton (opt).
Each sample was exposed to standard and
elevated levels of sodium cyanide, a chemical leaching agent commonly employed
in gold production. In addition, the samples were subjected to extended leaching times in ceramic vessels containing
ceramic grinding media, resulting in enhanced surface exposure of the rock
sample to the leaching chemicals. The solutions were clarified and then
subjected to zinc precipitation and/or electro-winning for gold recovery.
The recovered material was then fire assayed and the resulting precious metal
dor� beads were delivered to a major Canadian commercial laboratory for
analysis. Two of the four tests were unsuccessful at producing gold
grades above 0.01 opt. However the other two tests, representing
one-kilogram samples of each of the two drilling interval composites used for
the Company�s metallurgical R&D work showed an average gold grade of over
Mr. Ken Pavlich, ECPN�s C.E.O., stated, �We are
very encouraged by these results for the following reasons:
1. The results represent recoverable
values using standard extraction techniques. Recoverable grades typically
represent 90% or less of in-place grades; indicating an upside potential for
in-place resource grades.
2. The samples used were each one
kilogram in size, or more than 30 times the sample size of a standard assay
sample, significantly reducing any �nugget effect� potential while providing
greater statistical confidence in the results.
3. The commercial lab determined the
grade of the dor� beads produced in the tests using
standard analytical techniques.
The reported grades are
for gold only; and as such they do not represent a gold equivalent grade.
These initial tests did not endeavor
to recover and report silver or platinum group metals. These efforts will
follow in subsequent test work.�
This important milestone brings the Company�s
metallurgical focus onto a standard gold industry assay and extraction
procedure. Unlike other techniques that have been investigated, such as
tin collection, this procedure does not include the inherent risk of precious
metal contamination from the reagents introduced as part of the process.
work over the coming months will focus on grind size, leaching time and
temperature, and recovery of additional precious metals as funding becomes
The Company believes that these results provide
an important incentive for investors and prospective partners to reassess the
intrinsic value of the El Capitan deposit, as
well as the exploration potential of the Company�s surrounding 7,000-acre land
package, and its in-process, 2,000-acre drilling permit application.
About El Capitan Precious Metals, Inc. El Capitan Precious
Metals, Inc. is a U.S. based mineral exploration company whose primary asset is
a 40% interest in the El Capitan precious metals project, located in Lincoln
County, New Mexico. The Company�s stock trades on the Over-the-Counter Bulletin
Board under the symbol ECPN.
Statements Statements herein which are
not historical facts, such as estimates of the volume and grade of mineral
deposits, future production levels, exploration results and plans, costs, and
prices are "forward-looking statements", involving a number of risks
and uncertainties that could cause actual results to differ materially from those
projected, anticipated, expected or implied. These risks and uncertainties
include, but are not limited to, metals price and production volatility,
exploration risks and results, discrepancies between different types of testing
methods, some or all of which may not be industry standard, political risks,
permitting risks, project development risks and ability to raise financing. To
date, we have not established any precious metal reserves, and our ability to
do so is dependent on the future success of our efforts to demonstrate the
economic viability of all facets of our property. For a more detailed
discussion of risks and other factors that may impact these forward looking
statements please refer to the Risk Factors and other discussion contained in
the Company's quarterly and annual periodic reports on Forms 10-QSB and 10-KSB
on file with the SEC. The Company undertakes no obligation and has no intention
of updating forward-looking statements.
further information, please visit the company�s website at http://www.elcapitanpmi.com/ .
El Capitan Precious Metals, Inc.
1325 Airmotive Way, Suite 276
Reno, Nevada 89502
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