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Post by Franko10 ™ on Feb 6, 2006 7:50:46 GMT -5
Additional Drilling Recommended for El Capitan; El Capitan Contracts with Earth Search Sciences, Inc. for Hyperspectral Survey
07:00 EST Monday, February 06, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals, Inc. (OTCBB:ECPN) reported that Dr. Clyde Smith, the Company's consulting geologist, has recommended an additional drilling program to provide for expanding the current resource. In addition this will assist in determining the boundaries of the mineralization which in the first drilling program were not found in any direction including North, South, East, West and depth.
He has suggested a minimum 5,000 feet, maximum 10,000 feet, Stage III drill program on some of the additional 10,000 acres claimed since the Stage II project. Stage III will be designed primarily to locate the limits of the current deposit. Prior to the drilling a hyperspectral survey will be performed on the property. If hyperspectral anomalies (areas of indicated mineralization) appear from the survey, then these will be evaluated on the ground, mapped and sampled, and they could then become some of the drill targets to be included in Stage III in addition to main focus of the drilling of locating the limits of the current deposit.
Dr. Smith has recommended that the Company contract with Earth Search Sciences, Inc. (ESSE.OB) to perform the hyperspectral survey on the entire set of claims at El Capitan. Hyperspectral technology is a state of the art method used worldwide for exploration and monitoring of valuable natural resources. According to Dr. Smith, Earth Search Sciences, Inc. has some of the most advanced equipment and software available and they carry an excellent reputation. More information may be obtained about Earth Sciences on their web site: www.earthsciences.com.
Funding for these projects has already been established.
El Capitan Precious Metals, Inc. is an exploration 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 C.O.D. mine located near Kingman, Arizona. In addition, the Company owns contractual rights to the Rainbow Valley mine consisting of 1660 acres and 100 % of the Weaver mine, both near Phoenix, 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. 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.
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
Final Report for El Capitan Not Delayed; Earth Search Web Site Incorrect
2/6/2006 11:11:22 AM
SCOTTSDALE, Ariz., Feb 06, 2006 (BUSINESS WIRE) -- El Capitan Precious Metals Inc. (ECPN) reported that the final report from Dr. Clyde Smith, the company's consulting geologist, will not be delayed by the extended drilling program and hyperspectral survey.
The reference to the Web site for Earth Search in this morning's press release was incorrect. The Web site is: www.earthsearch.com.
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.
SOURCE: El Capitan Precious Metals Inc.
El Capitan Precious Metals Inc., Scottsdale
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
Copyright Business Wire 2006
07:00 EST Monday, February 06, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals, Inc. (OTCBB:ECPN) reported that Dr. Clyde Smith, the Company's consulting geologist, has recommended an additional drilling program to provide for expanding the current resource. In addition this will assist in determining the boundaries of the mineralization which in the first drilling program were not found in any direction including North, South, East, West and depth.
He has suggested a minimum 5,000 feet, maximum 10,000 feet, Stage III drill program on some of the additional 10,000 acres claimed since the Stage II project. Stage III will be designed primarily to locate the limits of the current deposit. Prior to the drilling a hyperspectral survey will be performed on the property. If hyperspectral anomalies (areas of indicated mineralization) appear from the survey, then these will be evaluated on the ground, mapped and sampled, and they could then become some of the drill targets to be included in Stage III in addition to main focus of the drilling of locating the limits of the current deposit.
Dr. Smith has recommended that the Company contract with Earth Search Sciences, Inc. (ESSE.OB) to perform the hyperspectral survey on the entire set of claims at El Capitan. Hyperspectral technology is a state of the art method used worldwide for exploration and monitoring of valuable natural resources. According to Dr. Smith, Earth Search Sciences, Inc. has some of the most advanced equipment and software available and they carry an excellent reputation. More information may be obtained about Earth Sciences on their web site: www.earthsciences.com.
Funding for these projects has already been established.
El Capitan Precious Metals, Inc. is an exploration 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 C.O.D. mine located near Kingman, Arizona. In addition, the Company owns contractual rights to the Rainbow Valley mine consisting of 1660 acres and 100 % of the Weaver mine, both near Phoenix, 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. 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.
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
Final Report for El Capitan Not Delayed; Earth Search Web Site Incorrect
2/6/2006 11:11:22 AM
SCOTTSDALE, Ariz., Feb 06, 2006 (BUSINESS WIRE) -- El Capitan Precious Metals Inc. (ECPN) reported that the final report from Dr. Clyde Smith, the company's consulting geologist, will not be delayed by the extended drilling program and hyperspectral survey.
The reference to the Web site for Earth Search in this morning's press release was incorrect. The Web site is: www.earthsearch.com.
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.
SOURCE: El Capitan Precious Metals Inc.
El Capitan Precious Metals Inc., Scottsdale
Ron Perkins, 480-607-7093
www.elcapitanpmi.com
Copyright Business Wire 2006
