Post by Catdaddy on Aug 20, 2010 10:40:37 GMT -5
El Capitan Contracts With Expert In Extractive Metallurgy To Assist In The Company’s Recovery Research Project
www.thestreet.com/story/10840909/1/el-capitan-contracts-with-expert-in-extractive-metallurgy-to-assist-in-the-company8217s-recovery-research-project.html?cm_ven=GOOGLEFI
By Business Wire 08/20/10 - 07:15 AM EDT
El Capitan Precious Metals, Inc. (OTCBB:ECPN) has contracted with Dr. Vern McMahon to aid in the on-going research project to refine the recovery method for the removal of precious metals contained in the Company’s New Mexico property and develop a flow sheet with extraction costs.
Chuck Mottley, Company President and CEO, stated: “The Company’s geologist has selected 230 samples, representative of the original 2,300 samples taken from previous drilling, to be processed for the recovery of precious metals. Dr. McMahon will assist in the on-going project which has already made great progress and is showing positive results. “Dr. McMahon has extensive knowledge and experience in precious metals extraction from complex ores and will provide the Company with a detailed report when the assay and recovery results of the 230 samples have been completed. The Company will release the appropriate information as soon as available.”
The Company is expecting Planet Resource Recovery, Inc. to complete its production plant in the fourth quarter of this year.
One of the purposes of this plant is for the processing of concentrates shipped to their Houston Facility which was obtained from the New Mexico Property. Refer to Planet’s press release of August 17, 2010 (PRRY.PK).
Dr. Vern McMahon holds a BS in Biology from the University of Illinois as well as an MS and PHD in botany/Microbiology from the University of California, Davis. In addition he has post Doctoral experience with Professor Paul Stumpf, a world renown biochemist.
McMahon is currently President of Auro-Research Laboratories. His Company has worked extensively on complex gold ores (including Platinum Group Elements) with many companies, such as AMAX GOLD, They elaborated on the concept of micro-clusters as a means by which complex ores of precious metals might be successfully understood.
He has also served as a Professor of biochemistry at the University of Wyoming for 14 years and authored 27 papers and articles in highly visible biochemical journals.
About El Capitan Precious Metals, Inc. El Capitan Precious Metals, Inc. is completing a merger which will provide the Company with 100% interest in the El Capitan property located near Capitan, New Mexico as well as a joint venture and 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Arizona...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.
www.thestreet.com/story/10840909/1/el-capitan-contracts-with-expert-in-extractive-metallurgy-to-assist-in-the-company8217s-recovery-research-project.html?cm_ven=GOOGLEFI
By Business Wire 08/20/10 - 07:15 AM EDT
El Capitan Precious Metals, Inc. (OTCBB:ECPN) has contracted with Dr. Vern McMahon to aid in the on-going research project to refine the recovery method for the removal of precious metals contained in the Company’s New Mexico property and develop a flow sheet with extraction costs.
Chuck Mottley, Company President and CEO, stated: “The Company’s geologist has selected 230 samples, representative of the original 2,300 samples taken from previous drilling, to be processed for the recovery of precious metals. Dr. McMahon will assist in the on-going project which has already made great progress and is showing positive results. “Dr. McMahon has extensive knowledge and experience in precious metals extraction from complex ores and will provide the Company with a detailed report when the assay and recovery results of the 230 samples have been completed. The Company will release the appropriate information as soon as available.”
The Company is expecting Planet Resource Recovery, Inc. to complete its production plant in the fourth quarter of this year.
One of the purposes of this plant is for the processing of concentrates shipped to their Houston Facility which was obtained from the New Mexico Property. Refer to Planet’s press release of August 17, 2010 (PRRY.PK).
Dr. Vern McMahon holds a BS in Biology from the University of Illinois as well as an MS and PHD in botany/Microbiology from the University of California, Davis. In addition he has post Doctoral experience with Professor Paul Stumpf, a world renown biochemist.
McMahon is currently President of Auro-Research Laboratories. His Company has worked extensively on complex gold ores (including Platinum Group Elements) with many companies, such as AMAX GOLD, They elaborated on the concept of micro-clusters as a means by which complex ores of precious metals might be successfully understood.
He has also served as a Professor of biochemistry at the University of Wyoming for 14 years and authored 27 papers and articles in highly visible biochemical journals.
About El Capitan Precious Metals, Inc. El Capitan Precious Metals, Inc. is completing a merger which will provide the Company with 100% interest in the El Capitan property located near Capitan, New Mexico as well as a joint venture and 20% ownership of 13 mining claims and other assets known as the C.O.D. mine located near Kingman, Arizona...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.
