Post by Franko10 ™ on Oct 13, 2004 7:43:53 GMT -5
El Capitan Joint Venture Partner U.S. Canadian Minerals Inc. Announces Initiation of COD Operations
07:05 EDT Wednesday, October 13, 2004
PHOENIX (Business Wire) -- El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that its joint venture partner, U.S. Canadian Minerals, Inc. (OTCBB:UCAD), announced in a press release dated October 12, 2004, the initiation of operations at the COD mine located near Kingman, Arizona. The press release is as follows: U.S. Canadian Minerals, Inc. Announces Initiation of COD Operations
October 12, 2004--Las Vegas, Nevada--U.S. Canadian Minerals, Inc. (UCAD) announced today that it initiated the commencement of operations at the COD mine in Arizona. The company has contracted for the first stage of bulk sampling on the property and the improvements of the access and facilities at the site.
Rendal Williams, CEO of U.S. Canadian Minerals, Inc. stated, "We are pleased to have commenced operations which will lead to full scale production from this property in the near future and are excited by the future returns we believe this property will generate."
Further details relative to this transaction can be found at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
El Capitan and UCAD executed a joint venture agreement in May 2004 through which UCAD acquired an 80% interest in the COD mine in exchange for 720,000 shares of UCAD common stock. Net profits from the operations will be split equally among El Capitan and UCAD.
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 a joint venture and 20% ownership of 13 mining claims and other assets known as the COD 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 Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals; the inability to initiate or complete a possible sale of the El Capitan or COD properties or any other restructuring, offering, acquisition, disposition, joint venture or similar transaction; adverse financial performance by El Capitan Precious Metals; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals; 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 or COD properties; 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 disclaims any intent or obligation to update these forward-looking statements.
El Capitan Precious Metals, Inc.
Chuck Mottley, 480-948-0724
or
U.S. Canadian Minerals, Inc.
Chris Hanneman, 303-220-8476
07:05 EDT Wednesday, October 13, 2004
PHOENIX (Business Wire) -- El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that its joint venture partner, U.S. Canadian Minerals, Inc. (OTCBB:UCAD), announced in a press release dated October 12, 2004, the initiation of operations at the COD mine located near Kingman, Arizona. The press release is as follows: U.S. Canadian Minerals, Inc. Announces Initiation of COD Operations
October 12, 2004--Las Vegas, Nevada--U.S. Canadian Minerals, Inc. (UCAD) announced today that it initiated the commencement of operations at the COD mine in Arizona. The company has contracted for the first stage of bulk sampling on the property and the improvements of the access and facilities at the site.
Rendal Williams, CEO of U.S. Canadian Minerals, Inc. stated, "We are pleased to have commenced operations which will lead to full scale production from this property in the near future and are excited by the future returns we believe this property will generate."
Further details relative to this transaction can be found at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
El Capitan and UCAD executed a joint venture agreement in May 2004 through which UCAD acquired an 80% interest in the COD mine in exchange for 720,000 shares of UCAD common stock. Net profits from the operations will be split equally among El Capitan and UCAD.
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 a joint venture and 20% ownership of 13 mining claims and other assets known as the COD 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 Securities and Exchange Commission filings; economic downturns affecting the operations of El Capitan Precious Metals; the inability to initiate or complete a possible sale of the El Capitan or COD properties or any other restructuring, offering, acquisition, disposition, joint venture or similar transaction; adverse financial performance by El Capitan Precious Metals; failure to obtain or maintain regulatory approval for products and services offered by El Capitan Precious Metals; 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 or COD properties; 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 disclaims any intent or obligation to update these forward-looking statements.
El Capitan Precious Metals, Inc.
Chuck Mottley, 480-948-0724
or
U.S. Canadian Minerals, Inc.
Chris Hanneman, 303-220-8476