Post by Franko10 ™ on Sept 11, 2004 10:21:03 GMT -5
El Capitan Precious Metals, Inc. is a nominally capitalized development stage company which owns a 40% interest in the El Capitan mine located near Capitan, New Mexico. This is approximately 200 acres of patented and unpatented lode claims, located in Lincoln County New Mexico. Exploration has shown that there exists approximately 7,550,105 tons of iron ore and 58,252,895 ounces of indicated and inferred mineral reserves. A mining permit allows for the extraction of ore and El Capitan Precious Metals has established a concentration process on-site. Previously, these acres were explored for iron ore and precious metals. Iron ore has been produced from the site since the 1960’s. Recently, El Capitan completed a geological and geophysical review, a field sampling, and a shallow core-drilling project at this site. Preliminary assay results indicate that high concentrations of silver and gold are contained within the iron ore. Other precious metals (platinum group) are in evidence and further analytical results are pending.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.