Pan, Newmont, Barrick and other mining companies did a thorough tecnical review of el cap in 2005 or before. If there were significant PMs there these companies would have been all over it. Word would have gotten out and in days all available land in the area staked. Didn't happen.
Dec. 11, 2003 The recently completed assays of dore bars smelted from concentrate generated from 4,000 tons of high grade sections of the El Capitan mine ore calculate back to the high graded head ore at 180 to 200 ounces of silver per short ton. these findings are very encouraging and would translate to approximately $1,000 of silver per ton in this high grade ore," stated El Capitan President, Chuck Mottley.
May 13, 2004 El Capitan Precious Metals Inc. President Chuck Mottley stated, "Our preliminary tests on the settlement ponds and tailings at the COD mine show great potential for immediate cash flow. We expect to be in production in the next 30 to 60 days."
July 28, 2004 El Capitan Precious Metals, Inc. (the "Company" or "ECPN") (OTCBB:ECPN) announced today that it has signed a new non-binding letter of intent with Asia Finance Corporation ("AFC") to deliver up to 3 million tons of iron ore per year from a property in the Southwest United States for which the Company recently acquired mining rights.
April 18, 2005 In this second quarter of 2005 we expect to be in production with a positive cash flow from our "high-grade silver" project in Nevada. Originally we planned on operating in Congress, Arizona, but changed to Nevada for logistical reasons. We have five people directly assigned to this project.
Oct. 24, 2005 We are very close to a major event that I believe will make us a major contributor to the future needs of the world. In doing that we will be creating significant value for our faithful and loyal shareholders.
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May 12, 2010 El Capitan Precious Metals, Inc. (OTCBB: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. The recovered precious metals will be sold and Planet and El Capitan will split the profits.
September 08, 2010 as soon as the Company has completed the development of the recovery processes and assay procedures, along with determining the associated costs, we will be in a position to go forward with the sale of the El Capitan Property.
March 17, 2011 07:15 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Chuck Mottley, President and CEO of El Capitan Precious Metals, Inc. (OTCBB:ECPN), has sent the following letter to shareholders:
Dear ECPN Shareholders:
We are making progress in our research and development of the assay and extraction process of the El Capitan Property. ECPN has recently entered into a joint agreement with Wendell and Co. who is the developer of the precious metals assaying and extraction processes we are using. The results from Wendell and Co. on samples taken from the Company’s previous drilling project have been very encouraging.
The thermal decomposition process that Wendell and Co. has developed has exceeded ECPN’s minimum requirement of precious metals recovery and therefore we are moving forward. Wendell and Co. has filed a patent application on the processes in which ECPN owns a 50% interest. These processes have shown great promise on difficult to analyze ores containing gold and platinum group metals in a form often
referred to as “nano molecular particles” and “micro-clusters.”
We believe that the intellectual property that Wendell and Co. developed potentially has very significant commercial value.
June 02, 2011 What remains to be accomplished?
• Finalize the cost of gold, platinum and palladium recovery using the Wendell Method of Alkali Fusion.
• Enter into an agreement with an investment banker to represent the Company for the sale of the property.
• Sell the property.
October 05, 2011 the facts are compelling. The company has an extraordinary asset in the form of a surface minable measured reserve of 141 million tons consisting of 1.2 ounces of gold equivalent or better per ton.
December 27, 2011
It is my personal opinion, after working this past year with chemists and metallurgists, that we have developed a method – using micro-cluster technology – to recover nano particles of gold and silver. The standard method of assaying, using only two or three grams of ore, appears to limit the effect of the silver in attracting the particles of silver and gold in the micro-cluster.
July 10, 2012 In summary, Stapleton stated, “The delivery of these certified assay results to the Investment Banker will meet the remaining requirements for taking the El Capitan property to market.”
October 16, 2012 07:15 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTC/BB: ECPN) announced today that the Company has completed a series of tests in Houston, Texas on ultra-concentrated ore procured from 180 tons of material previously concentrated at the El Capitan property, These tests range from 1 pound to 700 pounds of head ore and concentrates.
Chuck Mottley, EPCN CEO, stated: “The results, demonstrated by assay, are as good or better than the previously reported 1.2 OPT gold equivalent achieved in the dore bar sold to Gannon and Scott.”
With the confidence gained from these test runs, it was decided to upgrade the concentration equipment. That equipment upgrade is scheduled to be completed the week of the November 22nd, with production runs commencing immediately thereafter on the concentrates.
The process is expected to run at 2.5 tons per hour and the production on the 180 tons should be complete by the week of November 5th. The “ultra-concentrated” material will be shipped daily to an independent lab for smelting with samples being forwarded to another independent laboratory for assay.
Details of the production runs, including smelt samples and video of the process, will be displayed at the Shareholder’s Informational Meeting in November.
September 25, 2014 announced today that it has reached a final agreement for the sale of precious-metals-rich tailings from the El Capitan mine to a Hong Kong-based trading company. The terms of the agreement were not disclosed, but the Company expects to see positive cash flow in Q1 of its fiscal year, which is Q4 of the 2014 calendar year. sale of precious-metals-rich tailings marks the Company’s transition from an exploration company to an operating mining company.
December 16, 2014 In completing its transition from an exploration company to an operating mining company, El Capitan Precious Metals, Inc. (OTCBB: ECPN) has achieved its most significant milestone. The Company reports that it has begun transport for delivery of its precious metals concentrates.
January 14, 2015 El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced its financial outlook for the fiscal year ending September 30, 2015. ECPN expects to book revenue from sales of precious metals concentrates derived from head ore mining in the quarter ending March 31, 2015.
May 11, 2015 today reported that, as a result of a meeting between the ECPN Board of Directors and senior management of Logistica US Terminals LLC, its contract mining partner, the Company is moving forward with a plan that will enable it to meet performance projections announced in March of this year.
June 25, 2015 07:15 AM announced today that it is completing a renegotiated contract for the sale of El Capitan ore to its Hong Kong-based buyer. The most significant point in the revised agreement is an increase in the price per ton that the Chinese buyer will pay for the El Capitan ore. This is based on a higher precious-metals content than previously anticipated in the original contract.
Revenue will be recognized in the quarter beginning July 1, 2015. This is an update to the Company’s earlier guidance.
October 06, 2015 ECPN) announced today that it has realized the first payment on a large purchase order for the sale of high-quality iron ore. This revenue represents the beginning of what Company officials believe will be an on-going revenue stream—and this operating cash flow, in effect, transitions the Company from an exploration company to a mining operations company.
November 19, 2015 ECPN) announced today that it has reached a long-term agreement for the sale of iron ore that will commence in December. It is expected that this new agreement will result in the sale of approximately 45,000 tons of iron ore over the next 12 months.
January 22, 2016 Under its existing permits, El Capitan will commence sales this month, to the extent that weather permits. The plan calls for the rate and size of shipments to increase over the next several months.
