Post by Catdaddy on Dec 9, 2007 14:31:35 GMT -5
Friday, December 7, 2007 - 2:32 PM MST
State accepting public comments on Capitan mining project
New Mexico Business Weekly
The Mining and Minerals Division (MMD) of the Energy, Minerals and Natural Resources Department is soliciting comments on an application for a mining exploration project in Lincoln County north of Capitan.
The application, submitted by Nevada-based El Capitan Precious Metals Inc., proposes 112 drill holes on U.S. Forest Service and private land. The project would explore for gold, iron, copper and silver.
MMD will hold a hearing in 2008. The public comment period now has been extended through the hearing process. Comments can be presented at the public hearing or submitted in writing to MMD any time prior to then. Notification of the date, time and location will be published at least 30 days prior to the hearing.
Any exploration permits granted by MMD contain requirements to protect environmental and cultural resources, including reclamation of areas impacted by drilling and the plugging of wells, said MMD Director Bill Brancard in a news release.
MMD coordinates its review with other state environmental and natural resource agencies to ensure compliance with state and federal requirements. Since part of the project is on federal land, the Forest Service could conduct separate hearings, but both agencies will work together to ensure the public has an opportunity to voice concerns, Brancard said.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Friday, August 10, 2007
El Capitan merges with Gold and Minerals Co.
New Mexico Business Weekly
El Capitan Precious Metals Inc. and Gold and Minerals Co. Inc. have agreed in principal to a merger.
The two companies are partners in El Capitan Limited, which holds the El Capitan precious metals project in Lincoln County in south-central New Mexico. ECPN has a 40 percent stake in the joint venture, and G&M the remaining 60 percent.
Under the merger agreement, ECPN (OTCBB: ECPN) will exchange 119 million shares of its common stock for 100 percent of G&M's (OTCBB: G&M) outstanding common stock. The merged company would have about 198.3 million outstanding shares of common stock once the transaction is complete.
The actual number of shares to be issued in the exchange will be subject to a working capital adjustment at the time of closing. The exchange ratio in the merger will depend on the number of shares of G&M common stock outstanding. The transaction still depends on negotiation of a definitive merger agreement, satisfaction of due diligence by both parties, and shareholder approval.
The merger will clarify ownership of the El Capitan deposit in financial markets, said ECPN President and CEO Ken Pavlich in a news release. That, in turn, could boost efforts as the merged company moves to raise additional money for exploration activities, he said.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Wednesday, January 17, 2007
Report: Lincoln County site has potential for open-pit production
New Mexico Business Weekly
El Capitan Precious Metals Inc., which has a 40 percent interest in the El Capitan gold-platinum deposit in Lincoln County, says a new report on additional tonnage brings the indicated resource up to about 141 million tons.
This is nearly three times the previously reported tonnage. The calculation was performed by Gemcon Software International of Vancouver, British Columbia. It was based on fusion assay results reported by Auric Metallurgical Laboratories in Salt Lake City.
Dr. Clyde Smith, who submitted the report, says the deposit appears to have good potential for open-pit production.
El Capitan (OTCBB: ECPN) is an exploration stage company based in Scottsdale, Ariz.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Friday, June 4, 2004
El Capitan ore deal pending
Denver Business Journal
Englewood-based El Capitan Precious Metals Inc. will begin funnelling iron ore to a Chinese company if a pending deal goes through.
El Capitan (OTCBB: ECPN) has signed a non-binding letter of intent to supply as much as 1.8 million tons if iron ore annually over a 10-year period. The pending deal is with Asia Finance Corp., the U.S. representative for a Chinese corporation.
The deal won't go forward until the completion of due diligence and the signing of a definitive agreement.
El Capitan estimates it has about 25 million tons of iron ore in reserve at its mine in New Mexico. The company owns a 40 percent stake in the mine.
State accepting public comments on Capitan mining project
New Mexico Business Weekly
The Mining and Minerals Division (MMD) of the Energy, Minerals and Natural Resources Department is soliciting comments on an application for a mining exploration project in Lincoln County north of Capitan.
The application, submitted by Nevada-based El Capitan Precious Metals Inc., proposes 112 drill holes on U.S. Forest Service and private land. The project would explore for gold, iron, copper and silver.
MMD will hold a hearing in 2008. The public comment period now has been extended through the hearing process. Comments can be presented at the public hearing or submitted in writing to MMD any time prior to then. Notification of the date, time and location will be published at least 30 days prior to the hearing.
Any exploration permits granted by MMD contain requirements to protect environmental and cultural resources, including reclamation of areas impacted by drilling and the plugging of wells, said MMD Director Bill Brancard in a news release.
MMD coordinates its review with other state environmental and natural resource agencies to ensure compliance with state and federal requirements. Since part of the project is on federal land, the Forest Service could conduct separate hearings, but both agencies will work together to ensure the public has an opportunity to voice concerns, Brancard said.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Friday, August 10, 2007
El Capitan merges with Gold and Minerals Co.
New Mexico Business Weekly
El Capitan Precious Metals Inc. and Gold and Minerals Co. Inc. have agreed in principal to a merger.
The two companies are partners in El Capitan Limited, which holds the El Capitan precious metals project in Lincoln County in south-central New Mexico. ECPN has a 40 percent stake in the joint venture, and G&M the remaining 60 percent.
Under the merger agreement, ECPN (OTCBB: ECPN) will exchange 119 million shares of its common stock for 100 percent of G&M's (OTCBB: G&M) outstanding common stock. The merged company would have about 198.3 million outstanding shares of common stock once the transaction is complete.
The actual number of shares to be issued in the exchange will be subject to a working capital adjustment at the time of closing. The exchange ratio in the merger will depend on the number of shares of G&M common stock outstanding. The transaction still depends on negotiation of a definitive merger agreement, satisfaction of due diligence by both parties, and shareholder approval.
The merger will clarify ownership of the El Capitan deposit in financial markets, said ECPN President and CEO Ken Pavlich in a news release. That, in turn, could boost efforts as the merged company moves to raise additional money for exploration activities, he said.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Wednesday, January 17, 2007
Report: Lincoln County site has potential for open-pit production
New Mexico Business Weekly
El Capitan Precious Metals Inc., which has a 40 percent interest in the El Capitan gold-platinum deposit in Lincoln County, says a new report on additional tonnage brings the indicated resource up to about 141 million tons.
This is nearly three times the previously reported tonnage. The calculation was performed by Gemcon Software International of Vancouver, British Columbia. It was based on fusion assay results reported by Auric Metallurgical Laboratories in Salt Lake City.
Dr. Clyde Smith, who submitted the report, says the deposit appears to have good potential for open-pit production.
El Capitan (OTCBB: ECPN) is an exploration stage company based in Scottsdale, Ariz.
&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&
Friday, June 4, 2004
El Capitan ore deal pending
Denver Business Journal
Englewood-based El Capitan Precious Metals Inc. will begin funnelling iron ore to a Chinese company if a pending deal goes through.
El Capitan (OTCBB: ECPN) has signed a non-binding letter of intent to supply as much as 1.8 million tons if iron ore annually over a 10-year period. The pending deal is with Asia Finance Corp., the U.S. representative for a Chinese corporation.
The deal won't go forward until the completion of due diligence and the signing of a definitive agreement.
El Capitan estimates it has about 25 million tons of iron ore in reserve at its mine in New Mexico. The company owns a 40 percent stake in the mine.
