Apr 07, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on El Capitan Precious Metals, Inc. (OTCBB: ECPN). The Company recently released news as follows:
El Capitan announced today that it received a report from Planet Resource Recovery, Inc. showing the results from 100 samples taken from 100 pounds of head ore sent by chain of custody taken from a 200 acre portion of the property. The resulting values were assessed at.355 oz/ton of gold equivalent.
The method used is an environmentally friendly recovery method developed by Planet using a chemical and electrical process before running the samples through an ICP (Inductively Coupled Plasma) Mass Spectroscopy. This process uses the same method for recovery for the Au, Ag and Platinum Group Metals, which is a significant breakthrough.
The breakdown of the results showed values of 0.088 Au, 0.616 of Ag and 0.128 of Pt, with the remaining values being in the platinum group metals.
More details of Planet's (PRRY.PK) report can be seen in their recent press release which was posted on April 6, 2010 on most financial web sites.
These results from Planet Resource Recovery, Inc. provides the information needed for the Company, utilizing Planet's process, to engage an investment banking firm to explore the sale of the property or in commencing production. (See the ECPN CEO letter to the shareholders of March, 30, 2010.)
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.
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.
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