Post by Zoinkers on Aug 1, 2006 16:19:00 GMT -5
Press Release Source: El Capitan Precious Metals Inc.
El Capitan Shows Details of 16-Square-Mile Claimed Area on El Capitan Property
Tuesday July 18, 7:10 am ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 18, 2006--El Capitan Precious Metals Inc. (OTCBB:ECPN - News) today provided detailed topographical information on its property located near Capitan, N.M.
Source: El Capitan Precious Metals Inc.
· View Multimedia Gallery
The topographic map shows the area of the approximately 10,000 acres (16 square miles) claimed by the company. Within the claimed area is the El Capitan property (less than 200 acres) and three anomalies indicated by a hyperspectral survey.
Dr. Clyde Smith, the company's consulting geologist, collected 38 surface samples from 24 hyperspectral anomaly areas; these samples were analyzed by fusion assays. The assays showed that mineralization of a similar type and grade to the El Capitan deposit occurs at three locations; these locations are marked A1, A2, and A3 on the map. Smith has recommended advanced exploration on a three-square-mile area encompassing the El Capitan property as well as anomalies 1 and 2.
The company's assay laboratory is in the process of finishing assays on the last 7,500 feet of drilling to determine total estimated tonnage in the El Capitan property three phase drilling project.
About El Capitan Precious Metals Inc.
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, some or all of which may not be industry standard, 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.
MULTIMEDIA AVAILABLE: www.businesswire.com/cgi-bin/mmg.cgi?eid=5189459
Contact:
El Capitan Precious Metals Inc., Scottsdale
James G. Ricketts or Ron Perkins, 480-607-7093
www.elcapitanpmi.com
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Source: El Capitan Precious Metals Inc.
El Capitan Shows Details of 16-Square-Mile Claimed Area on El Capitan Property
Tuesday July 18, 7:10 am ET
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 18, 2006--El Capitan Precious Metals Inc. (OTCBB:ECPN - News) today provided detailed topographical information on its property located near Capitan, N.M.
Source: El Capitan Precious Metals Inc.
· View Multimedia Gallery
The topographic map shows the area of the approximately 10,000 acres (16 square miles) claimed by the company. Within the claimed area is the El Capitan property (less than 200 acres) and three anomalies indicated by a hyperspectral survey.
Dr. Clyde Smith, the company's consulting geologist, collected 38 surface samples from 24 hyperspectral anomaly areas; these samples were analyzed by fusion assays. The assays showed that mineralization of a similar type and grade to the El Capitan deposit occurs at three locations; these locations are marked A1, A2, and A3 on the map. Smith has recommended advanced exploration on a three-square-mile area encompassing the El Capitan property as well as anomalies 1 and 2.
The company's assay laboratory is in the process of finishing assays on the last 7,500 feet of drilling to determine total estimated tonnage in the El Capitan property three phase drilling project.
About El Capitan Precious Metals Inc.
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, some or all of which may not be industry standard, 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.
MULTIMEDIA AVAILABLE: www.businesswire.com/cgi-bin/mmg.cgi?eid=5189459
Contact:
El Capitan Precious Metals Inc., Scottsdale
James G. Ricketts or Ron Perkins, 480-607-7093
www.elcapitanpmi.com
--------------------------------------------------------------------------------
Source: El Capitan Precious Metals Inc.