Attached files
| file | filename |
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| 8-K - EL CAPITAN PRECIOUS METALS INC | v185178_8-k.htm |
EXHIBIT
99.1
For Immediate
Release
May 12,
2010
For Further Information
Contact:
James G.
Ricketts
303-472-3298
www.elcapitanpmi.com
El
Capitan Precious Metals, Inc. Contracts To Commercially Process 200 Tons Of
Concentrate For Recovery Of Precious Metals
Scottsdale,
Arizona- El Capitan
Precious Metals, Inc. (OTC/BB:ECPN) reports: El Capitan has entered into
a joint venture agreement with Planet Resource Recovery, Inc, (PRRY.PK) to
process approximately 200 tons of concentrate with Planet’s environmentally
friendly recovery process (See ECPN press release of April 16,
2010). This concentrate was produced several years ago at the El
Capitan property from head ore.
Planet
recently reported that their process showed head ore results of 0.355 gold
equivalent per ton.
El
Capitan is pleased to announce that Planet will provide a production plant in
Houston where the concentrate will be shipped. The recovered precious
metals will be sold and Planet and El Capitan will split the
profits.
Chuck
Mottley, President and CEO of ECPN, stated: “This is a very important
step in the confirmation of the ability to recover the precious metal values of
the El Capitan Property. We look forward to a productive and
profitable relationship with Planet and their environmentally ‘green’ recovery
process.”
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, 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...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 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.