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El Capitan Precious Metals (ECPN)

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Last Post: 2/18/2021 2:17:10 PM - Followers: 38 - Board type: Free - Posts Today: 0

El Capitan Precious Metals

Our goal is to build long-term value for the Company's stockholders and execute a Strategic Plan that will culminate in the sale of the El Capitan Property.

We are committed to implementing green technology, fostering innovation, and knowing and serving the Company's stockholders as well as building trust through honest and open communications.

 

The El Capitan Story

While the El Capitan deposit comes with metallurgical challenges, the near-surface, pervasive nature of this deposit, all of which occurs above the regional water table, provides the potential for both a low mining cost and a long life operation. An investment in ECPN represents an investment in a late-stage exploration / early-stage development company with a gold, silver and platinum group metals discovery that has already seen almost 13,000 feet of successful core and reverse circulation drilling within a 200 acre resource block. In addition to developing a better understanding of the metallurgical issues associated with this deposit, the Company is focused on acquiring federal and state permits to conduct sub-surface exploration on a 2,000 acre claim block extending east, west and south of the current resource area. This prospective portion of the El Capitan land package contains a number of attractive targets identified through surface sampling, as well as gravity, magnetic, and hyperspectral remote sensing.? ECPN is executing its strategy for the development of the El Capitan deposit in a manner that is conducive to steady and sustainable share value improvements. ECPN is targeting long-term value investors, and we are specifically avoiding the type of promotional activities that result in unsustainable temporary share price movements that typically attract short-term, trading oriented investors. We believe that our conservative approach to this asset, and to the financial markets, supports our goal of steady and sustainable share value enhancement. ?ECPN represents an important precious metals investment opportunity that should be part of the portfolio of the risk tolerant, mid-to-long-term investor looking for leveraged exposure to the precious metals market through a late-stage exploration / early-stage development asset.

The El Capitan deposit has been known as a potential iron ore resource for several decades. The U.S. Bureau of Mines drilled approximately 140 shallow holes through the outcropping, shallow-dipping magnetite skarn deposit in 1944 and 1948. The outcropping deposit was mapped at a scale of 1:3,600 in 1952 (Kelley, 1952). Small-scale iron ore production totaled approximately 250,000 tons in the years 1961-1988. El Capitan Precious Metals, Inc. conducted a ground magnetic survey and a drill program of six shallow holes in 2002. Although only low precious metals values had been obtained from the deposit by "standard" fire assay over the years and no significant exploration had been conducted on the property, in May, 2004 El Capitan Precious Metals, Inc. submitted a few samples of magnetite iron skarn to a metallurgical laboratory in Salt Lake City, Utah. The lab separated the samples into magnetic and non-magnetic fractions and reported significant gold and platinum results on the non-magnetic fractions using their proprietary caustic fusion assay method. These results prompted a 32-sample surface sampling and assay program conducted in January of 2005. The lab reported potential ore-grade gold and platinum results on all 32 samples; this caused El Capitan Precious Metals, Inc. to undertake three stages of diamond core, open-hole rotary, and reverse circulation drilling to outline the existing 141 million tons of Measured Resource with a gold equivalent grade of 0.044 opt.

The El Capitan property consists of 354 Bureau of Land Management (BLM) lode claims and four patented claims. The claim block is located in Lincoln County, New Mexico and occupies a total of approximately 3,000 acres in townships T 7 S, T 8 S and range R 14 E. The BLM lode claims were staked and recorded by consultants employed by El Capitan Precious Metals, Inc. and personnel of the company. The El Capitan property is owned by El Capitan Ltd., an Arizona corporation. El Capitan Precious Metals, Inc. purchased a 40% equity interest in El Capitan Ltd. from Gold and Minerals, Inc. in 2002. In 2011 the merger of Gold and Minerals and ECPN was complete. ECPN now retains a 100% equity interest in the property.

 

Geology of the El Capitan Deposit

 

The El Capitan deposit is located at the most prominent structural intersection in New Mexico, within perhaps the greatest exposed concentration of Tertiary intrusions in New Mexico (Cather and others, 1991), and is apparently underlain by a large mafic or ultramafic intrusion. The structural intersection is formed by the north-south-trending axis of the Pedernal uplift-Mescalero arch and the east-west-trending Capitan lineament. In the south, the Pedernal-Mescalero axis closely parallels the Sacramento uplift, an east-tilted fault block with evidence of at least three periods of deformation (Precambrian to late Tertiary), and in the north it closely parallels a series of faults and folds in the Picuris-Pecos trend. The Pedernal-Mescalero structural zone coincides generally with a belt of crustal thickening and alkalic intrusions (Bird, 1984) that marks the boundary between the tectonically active Rio Grande Rift (a branch of the Basin and Range) and Rocky Mountains on the west and the tectonically stable Great Plains on the east. The Pedernal-Mescalero axis appears to be offset approximately 10 miles across the Capitan lineament (Cather and others, 1991). The Capitan lineament is a well- defined basement fracture and magmatic zone that may be traced for over 300 miles from Socorro, NM into western Texas; in the area of the El Capitan deposit the lineament is reflected by the Capitan pluton.

The Tertiary intrusions form the Lincoln County porphyry belt that includes at least 11 stocks and laccoliths. The east-west elongate, 20 mile-long Capitan pluton is a Miocene aplite (granitic) laccolith that plunges westerly and underlies the El Capitan deposit. Thompson (1991) concluded that magmas in the porphyry belt were generated from both lower crustal and upper mantle sources and McLemore (1991) concluded that a diversity of mineral deposit types in the El Capitan region resulted from several different complex magmatic fractionation and differentiation events. Roberts and others (1991), show a coincident steep-gradient aeromagnetic anomaly and a gravity anomaly. These anomalies cover an area of over 270 square miles, show northerly and easterly structural trends, and are interpreted as reflecting a large mafic or ultramafic intrusion that underlies the Lincoln County porphyry belt and the El Capitan deposit. It is possible that precious metals bearing hydrothermal fluids that formed the El Capitan deposit were differentiates from this buried mafic or ultramafic intrusion.



Future


El Capitan ore includes the iron minerals magnetite and hematite. Magnetite is a strongly magnetic mineral readily separated into a commercially viable concentrate of > 62% Fe (iron). Separation of magnetite leaves a gold-bearing, non-magnetic, hematite concentrate available for sodium thiosulfate leaching of gold and, possibly, platinum.

Barrick Gold Corporation has demonstrated the viability of sodium thiosulfate leaching starting in 2016 at its Goldstrike Mine in Nevada, the largest gold mine in North America, that has produced 42 million ounces of gold to date. Incentive to commercially exploit the ore at El Capitan rests on the successful results of sodium thiosulfate leaching, as well as successful commercial sodium thiosulfate production by Barrick Gold Corporation at Goldstrike.
 

Relevant Sodium Thiosulfate Benefits:

Sodium thiosulfate produces comparable leaching results to sodium cyanide, the most commonly used leach chemical in gold mining.

Sodium cyanide is a deadly chemical that has degraded environments at many mines around the world. Sodium thiosulfate, by contrast, is a relatively benign chemical that is not-toxic in the environment.

 

 

Management

John Balding, CEO

Jeff Proper, Legal Counsel

Directors

Daniel Martinez, Chairman

Chuck Mottley, President Emeritus

John Balding

 

Consultants

Clyde Smith, Ph.D • Geologist

Clyde's Resumé
 

David S. Smith, MS, MBA, CPG • Geologist

David's Resume




Corporate Address
5871 Honeysuckle Rd.
Prescott, AZ. 86301
(928)515-1942
http://www.elcapitanpmi.com/contact-us

Website: http://www.elcapitanpmi.com
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PostSubject
#2638   Former board members must love iHub LOL. m0n 02/18/21 02:17:10 PM
#2637   ECPN is non-disclosing garbage. Suspension imminent. gitreal 02/18/21 02:02:26 PM
#2636   Reinstated for a reason m0n 02/18/21 01:34:16 PM
#2635   Reinstated last week by one of the largest shareholders m0n 02/18/21 01:30:19 PM
#2634   There are just a buch of trapped longs fummer88 02/18/21 12:38:40 PM
#2633   Whats going on with this stock anyone know? fummer88 02/18/21 12:11:43 PM
#2632   Bids UT’ing pretty soon they ll have to m0n 02/18/21 10:11:32 AM
#2631   A lot of stock being bought,,what gives? pointbreak33 02/16/21 08:19:08 PM
#2630   Nice ask slappage today m0n 02/16/21 09:56:29 AM
#2629   So the assays of el capitan "ores" by gitreal 02/10/21 12:15:02 PM
#2628   The Federal government committ fraud?. pointbreak33 02/10/21 12:07:21 PM
#2627   Are you saying the USFS is committing fraud? gitreal 02/10/21 11:26:50 AM
#2626   But then Gitreal you will say the fire pointbreak33 02/10/21 09:27:58 AM
#2625   fire assays are not fool proof. i_invest_utrade 02/09/21 08:07:46 PM
#2624   Barrick doesn't use that method for exploration. gitreal 02/09/21 07:09:20 PM
#2623   Barrick Gold Corporation has demonstrated the viability of pointbreak33 02/09/21 06:39:51 PM
#2622   No fire assay results - no gold, silver, platinum. gitreal 02/09/21 04:02:04 PM
#2621   It’s been a long road for them. In Goldnuts 02/09/21 02:29:56 PM
#2620   None of your statement is true. The gitreal 02/09/21 01:37:35 PM
#2619   They appear to have an economically viable resource. profitz2 02/09/21 01:22:54 PM
#2618   ECPN is a real Sleeper. Goldnuts 02/09/21 12:38:24 PM
#2617   Thanks. Company has been active but the old MrGold 02/09/21 12:23:39 PM
#2616   NV SOS shows reinstated 2/8 and the company m0n 02/09/21 11:36:52 AM
#2615   This company has never been suspended or revoked, MrGold 02/09/21 11:33:20 AM
#2614   Nice! We re just getting started m0n 02/09/21 11:28:49 AM
#2613   9xs ave vol. hit my screener 81vette 02/09/21 11:21:34 AM
#2612   website > https://www.elcapitanpmi.com/ 81vette 02/09/21 10:04:25 AM
#2611   ss updated,os 443,867,531 could be good when filings hit 81vette 02/09/21 10:02:57 AM
#2610   $ECPN reinstatement hit. Orders getting filled below m0n 02/09/21 09:46:11 AM
#2609   Thanks Gold gettineven 02/05/21 10:24:42 AM
#2608   Grifters squabbling over the assets of a played gitreal 02/04/21 10:42:51 PM
#2607   Currently scheduled hearing in Clark Co. District Court MrGold 02/04/21 09:44:40 PM
#2606   It's Danny Martinez, not David Hernandez. I've spoken MrGold 02/04/21 03:43:56 PM
#2605   Call David Hernandez in Las Vegas,one of the pointbreak33 02/04/21 01:54:49 PM
#2604   Everybody has an opinion but that's all they MrGold 02/04/21 01:39:24 PM
#2603   Mr Gold what are your thoughts? gettineven 02/04/21 08:38:36 AM
#2602   Looks to me like we are headed to gettineven 02/04/21 07:34:43 AM
#2601   JS wants to BK the company thats why.I pointbreak33 02/03/21 11:07:52 PM
#2600   So in other words we are doomed to gettineven 02/03/21 08:32:47 PM
#2599   This garbage will never get "current" with SEC filings. gitreal 02/03/21 03:03:51 PM
#2598   and another 200k for attorney fees,and late 10k filings. pointbreak33 02/03/21 02:58:05 PM
#2597   Get imagine your self investing 500k,and half the pointbreak33 02/03/21 12:40:49 PM
#2596   There is no economic iron deposit at El gitreal 02/01/21 08:08:33 PM
#2595   Point I would think with the price of gettineven 02/01/21 07:35:59 PM
#2594   Money and John Stapleton.Company has to keep defending pointbreak33 02/01/21 10:25:53 AM
#2593   Point with all time highs in gold and gettineven 01/31/21 03:38:52 PM
#2592   Your changing your story.At first it was all pointbreak33 01/31/21 02:44:25 PM
#2591   a well-respected metallurgical lab gitreal 01/28/21 08:03:33 PM
#2590   The company used Cyanide leaching the first time pointbreak33 01/28/21 07:03:03 PM
#2588   Don't attack the messenger. This is about ECPN gitreal 12/08/20 11:53:01 AM
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