Owner
Post by Franko10 ™ on Feb 2, 2006 7:14:45 GMT -5
President/CEO of El Capitan Expecting Positive Report
14:21 EST Wednesday, February 01, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals Inc.'s (OTCBB:ECPN) President/CEO, Chuck Mottley, stated, "Based on the information available to me at this time, we are expecting a positive comprehensive report on the recent drilling project. We had expected to have the report in hand by now. The information to date has consistently shown multi-ounce (gold equivalent) per ton results. Because of these results I have instructed the metallurgists, who are advising the company, to perform additional tests for confirmation. As soon as we receive these confirming results we will release them."
El Capitan Precious Metals Inc. is an exploration-stage company that owns a 40% interest in the El Capitan mine located near Capitan, N.M., 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, Ariz. In addition, the company owns contractual rights to the Rainbow Valley mine consisting of 1,660 acres, and 100% of the Weaver mine, both near Phoenix.
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, 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; competition from iron ore producers worldwide, which producers have greater resources and more established operations than those of the company; the company's ability to arrange transportation from its mining properties to ocean ports on satisfactory terms; 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; 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.
El Capitan Precious Metals Inc., Scottsdale
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
14:21 EST Wednesday, February 01, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals Inc.'s (OTCBB:ECPN) President/CEO, Chuck Mottley, stated, "Based on the information available to me at this time, we are expecting a positive comprehensive report on the recent drilling project. We had expected to have the report in hand by now. The information to date has consistently shown multi-ounce (gold equivalent) per ton results. Because of these results I have instructed the metallurgists, who are advising the company, to perform additional tests for confirmation. As soon as we receive these confirming results we will release them."
El Capitan Precious Metals Inc. is an exploration-stage company that owns a 40% interest in the El Capitan mine located near Capitan, N.M., 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, Ariz. In addition, the company owns contractual rights to the Rainbow Valley mine consisting of 1,660 acres, and 100% of the Weaver mine, both near Phoenix.
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, 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; competition from iron ore producers worldwide, which producers have greater resources and more established operations than those of the company; the company's ability to arrange transportation from its mining properties to ocean ports on satisfactory terms; 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; 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.
El Capitan Precious Metals Inc., Scottsdale
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
