Owner
Post by Franko10 ™ on Sept 11, 2004 10:15:07 GMT -5
EL CAPITAN ANNOUNCES RESULTS OF RECENTLY COMPLETED ASSAYS FROM EL CAPITAN MINE SITE Englewood, CO –
El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today the results of assay reports from certain sections of the El Capitan mine ore completed by Gold and Minerals Co., Inc., the Company’s largest stockholder. The recently completed assays of dore bars smelted from concentrate generated from 4,000 tons of high grade sections of the El Capitan mine ore calculate back to the high graded head ore at 180 to 200 ounces of silver per short ton. “While these results may not encompass the entire property and come from sections we know contain high grade ore, these findings are very encouraging and would translate to approximately $1,000 of silver per ton in this high grade ore,” stated El Capitan President, Chuck Mottley. “We are presently undertaking further testing and should have additional results in early 2004.” El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitan mine located near Capitan, New Mexico as well as 13 mining claims and other assets known as the C.O.D. Property 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. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services’ Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today the results of assay reports from certain sections of the El Capitan mine ore completed by Gold and Minerals Co., Inc., the Company’s largest stockholder. The recently completed assays of dore bars smelted from concentrate generated from 4,000 tons of high grade sections of the El Capitan mine ore calculate back to the high graded head ore at 180 to 200 ounces of silver per short ton. “While these results may not encompass the entire property and come from sections we know contain high grade ore, these findings are very encouraging and would translate to approximately $1,000 of silver per ton in this high grade ore,” stated El Capitan President, Chuck Mottley. “We are presently undertaking further testing and should have additional results in early 2004.” El Capitan Precious Metals, Inc. is a nominally capitalized development stage company that owns a 40% interest in the El Capitan mine located near Capitan, New Mexico as well as 13 mining claims and other assets known as the C.O.D. Property 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. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in El Capitan Precious Metals/DML Services’ Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals/DML Services; the inability to initiate or complete a possible sale of the El Capitan property or any other restructuring, offering, acquisition, disposition or similar transaction; adverse financial performance by El Capitan Precious Metals/DML Services; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals/DML Services; the accuracy of geological and geophysical results including drilling and assay reports; the inability of the Company to develop and/or mine the El Capitan property; and the unavailability of financing to complete management's plans and objectives. The forward-looking statements contained in this press release speak only as of the date hereof and El Capitan Precious Metals/DML Services disclaims any intent or obligation to update these forward-looking statements.
Jamie Phillips
Director of Investor Relations
jpelcapitan@cox.net
480-229-1356
