El Capitan is following up the recent (July) successful test of the company’s carbon pre-roast with silver-lead recovery process for concentrates, with a report today regarding developments related to the test run on some 700 lbs of concentrated material from ECPN’s eponymous El Capitan, gold, silver, and platinum group metals property in New Mexico (which offered results consistent with last year’s dore bar sale to Gannon & Scott).
As one of the top assay firms in NA, Gannon & Scott provide a diverse array of precious metal refining services and form an excellent endpoint for the company’s innovative production process. Completion of the Sundancer Method (http://vimeo.com/45457778), after the two-day, multi-stage refinement procedure, is a final cupellation (oxidizing refinement) of the concentrates resulting in a dore button that can be sent out for independently certified assay (using clear chain of custody protocols). When combined with other techniques like their Wendell method for alkali fusion extraction (http://www.youtube.com/watch?v=TJ-us9kfUEw), ECPN’s position in the 200-acre El Capitan site (via wholly-owned subsidiary El Capitan, Ltd. which has a 100% equity interest), which has already seen some 13k feet of core/RC drilling to date, becomes increasingly attractive to investors.
In fact, the site has significant additional acreage potential as well, with federal/state permitting pending to explore subsurface mineralization in a highly-prospective 2k-acre block extending out to the east, west, and south of the current primary resource area. This potential combined with the powerful extraction/production tech has placed the company in an enviable position to execute their strategic goal of marketing/selling the property.
President and CEO of ECPN, Chuck Mottley, noted the ongoing fine-tuning of the grinding/concentration specs for the production process (aimed at delivering optimal process throughput) and confirmed that the company has contracted to process a total of some 180 tons of concentrate, both from the mine and stockpiled in Houston, a project slated to kick off here in the next several weeks.
Board Chairman at ECPN, John F. Stapleton, was clearly pleased with how well everything is shaping up around what he called the company’s “overarching goal” for the project; a successful sale of the El Capitan property. Stapleton asserted that the exemplary job done handing the company’s investment bank all of the copious data and tools needed to effectively market/sell the property, in conjunction with such continued positive news end-capping a solid track record of progress over the past year, has resulted in some serious market momentum for ECPN.
Clyde L. Smith, Ph.D., P.Eng. (geological consultant on El Capitan from 2004 to 2006), previously noted the striking geological similarities between the black breccia-encapsulating hematite ore at the El Capitan site and another project he had worked on in Southern Nevada which showed abundant gold and platinum values in the hematite ore. With solid recovery, assay, and production pipelines hammered out, as well as a clear geological portrait for El Capitan, reinforced by testing that has seen the company’s investment bank personally on hand via a representative to witness the successful process, ECPN will be bucking hard as the project is delivered to an increasingly metal hungry market.
The company’s innovative technology pushes into some great material science areas with the potential to revolutionize aspects of the mining industry and, with firm investment banking muscle behind experienced senior management, it is time to start looking closely at the components of ECPN’s strategy for shareholder returns.
For more information on the processes, El Capitan property, or to learn more about El Capitan Precious Metals, Inc., please visit the company’s website at: www.ElCapitanPMI.com
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