Owner
Post by Franko10 ™ on Apr 26, 2006 6:12:49 GMT -5
El Capitan Applies for Listing on American Stock Exchange and Reports on Hyperspectral Survey
07:07 EDT Wednesday, April 26, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals Inc. (OTCBB:ECPN) reports:
American Stock Exchange
El Capitan Precious Metals Inc. has applied for listing on the American Stock Exchange. A successful listing will benefit the company by providing a quality trading environment through a centralized specialist system. This could promote liquidity, narrower spreads, decreased volatility and protection from short selling. There can be no assurance that the company will be successful in obtaining such a listing on the American Stock Exchange nor can there be an assurance of the timing of such an event.
Hyperspectral Survey
The hyperspectral survey performed on the approximately 10,000 acres claimed contiguous to the El Capitan property has been completed by Earth Search Sciences Inc. (OTCBB:ESSE). The data is now in the hands of Dr. Clyde Smith, the company's consulting geologist. Smith is in the process of physical inspection of the anomalies after which he will analyze the survey and provide a report on the results.
As quoted in a press release on April 24 put out by Earth Search Sciences Inc., Chuck Mottley, El Capitan's president and CEO, stated: "We had to measure the mineral potential of the land claim block contiguous to the El Capitan deposit quickly and accurately. The information obtained from this airborne technology will assist our geologists to delineate the extent of the mineralization present at the existing El Capitan property."
El Capitan Precious Metals Inc. is an exploration stage company that owns a 40% interest in the El Capitan property 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 property 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, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development or mining results will not be consistent with past results and/or the company's expectations, discrepancies between different types of testing methods, 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; 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; the company's ability to enter into and meet all the conditions to close contracts to sell its mining properties that it chooses to list for sale, 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
07:07 EDT Wednesday, April 26, 2006
SCOTTSDALE, Ariz. (Business Wire) -- El Capitan Precious Metals Inc. (OTCBB:ECPN) reports:
American Stock Exchange
El Capitan Precious Metals Inc. has applied for listing on the American Stock Exchange. A successful listing will benefit the company by providing a quality trading environment through a centralized specialist system. This could promote liquidity, narrower spreads, decreased volatility and protection from short selling. There can be no assurance that the company will be successful in obtaining such a listing on the American Stock Exchange nor can there be an assurance of the timing of such an event.
Hyperspectral Survey
The hyperspectral survey performed on the approximately 10,000 acres claimed contiguous to the El Capitan property has been completed by Earth Search Sciences Inc. (OTCBB:ESSE). The data is now in the hands of Dr. Clyde Smith, the company's consulting geologist. Smith is in the process of physical inspection of the anomalies after which he will analyze the survey and provide a report on the results.
As quoted in a press release on April 24 put out by Earth Search Sciences Inc., Chuck Mottley, El Capitan's president and CEO, stated: "We had to measure the mineral potential of the land claim block contiguous to the El Capitan deposit quickly and accurately. The information obtained from this airborne technology will assist our geologists to delineate the extent of the mineralization present at the existing El Capitan property."
El Capitan Precious Metals Inc. is an exploration stage company that owns a 40% interest in the El Capitan property 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 property 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, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and the possibility that future exploration, development or mining results will not be consistent with past results and/or the company's expectations, discrepancies between different types of testing methods, 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; 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; the company's ability to enter into and meet all the conditions to close contracts to sell its mining properties that it chooses to list for sale, 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
