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El Capitan Precious Metals (ECPN)

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Last Post: 9/22/2020 11:08:39 AM - Followers: 39 - 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
#2540   Gettineven-Same thing the politicians tell everyone. pointbreak33 09/22/20 11:08:39 AM
#2539   Point you will know when you need to know gettineven 09/22/20 07:28:25 AM
#2538   I knew trying to get existing shareholders to pointbreak33 09/22/20 12:27:45 AM
#2537   Something fishy going on,. gitreal 09/19/20 05:49:00 PM
#2536   Something fishy going on,...last press release has disappeared pointbreak33 09/19/20 05:45:02 PM
#2535   No one really knows it's a guessing game.It pointbreak33 09/16/20 03:35:34 PM
#2534   Well it's happening now and guess what JB gettineven 09/16/20 07:33:17 AM
#2533   They are way overdue. To think this gitreal 09/15/20 11:35:59 PM
#2532   That's why they are paying 350k to get gettineven 09/15/20 09:19:21 PM
#2531   ecpn is subject to sec suspension for delinquency lucky,mydog 09/15/20 08:48:34 PM
#2530   I am in point gettineven 09/15/20 08:46:35 PM
#2529   Yeah, I just sit and stare at this gitreal 09/15/20 08:43:30 PM
#2527   Is that what the guys in Scottsdale, AZ gitreal 09/15/20 07:41:43 PM
#2526   Anyone putting up any money to help raise pointbreak33 09/15/20 07:07:48 PM
#2525   how many iron deals has JS said he gitreal 09/15/20 04:21:04 PM
#2524   I guess the lawsuit has been denied again gettineven 09/15/20 02:29:25 PM
#2523   JS lawsuit has been refiled and how many gettineven 09/15/20 01:36:55 PM
#2522   LL is dead orleansmike 09/15/20 01:23:59 PM
#2521   wow can I just write a check orleansmike 09/15/20 01:23:07 PM
#2520   I heard Larry has passed away orleansmike 09/15/20 01:21:10 PM
#2519   Maybe your friend Antol will take some of MrGold 09/12/20 09:13:28 AM
#2518   How much you putting in "Mr Gold"?Surely your pointbreak33 09/11/20 06:31:00 PM
#2517   The business update is on the company's website. MrGold 09/10/20 08:01:02 PM
#2516   More testing by labs no legit company uses gitreal 09/10/20 04:15:25 PM
#2515   Looks like we will be getting a press pointbreak33 09/10/20 04:11:52 PM
#2514   18 years? You have to have a gitreal 09/01/20 05:58:11 PM
#2513   They took the dirt.There wasn't any concentrates..They took pointbreak33 08/31/20 10:28:24 AM
#2512   The average mine takes 18 years to go MrGold 08/31/20 10:11:09 AM
#2511   You can listen to anyone you like.I like pointbreak33 08/31/20 10:09:09 AM
#2510   Also MR.Gold,they will have to give the house pointbreak33 08/31/20 09:59:03 AM
#2509   I've known the current mtg at El Cap MrGold 08/31/20 09:58:40 AM
#2508   THat's what Antol told me.He would be selling pointbreak33 08/31/20 09:51:13 AM
#2507   Geologists at both Newmont and Barrick have told gitreal 08/29/20 04:59:46 PM
#2506   This has been a long and painfully slow MrGold 08/29/20 10:03:27 AM
#2505   And with the gold there, gitreal 08/28/20 08:33:44 PM
#2504   Gold I agree they aren't selling for that. gettineven 08/28/20 06:59:18 PM
#2503   Its not common sense. It's your opinion. Let's MrGold 08/28/20 06:41:03 PM
#2502   Opinion?.its public information on how many shares board pointbreak33 08/27/20 08:25:54 PM
#2501   Nice post, except it's all opinion. I understand MrGold 08/27/20 06:14:43 PM
#2500   One little problem,,J.S,Antol and others have millions of pointbreak33 08/26/20 05:08:49 PM
#2498   Barrick Goldstrike uses calcium thiosulfate in one of gitreal 08/22/20 07:59:03 PM
#2497   Yes its on the website 2/20/20 update and gettineven 08/22/20 07:29:57 PM
#2495   It's on the ecpn website and you better gettineven 08/22/20 07:11:35 PM
#2494   Link? Why wouldn't they use standard fire assay? gitreal 08/22/20 05:59:07 PM
#2493   Git they are not using fire assay how gettineven 08/22/20 05:12:58 PM
#2492   There is no need to do a "bulk gitreal 08/22/20 05:02:18 PM
#2491   Actually they are doing a bulk test with gettineven 08/22/20 04:58:04 PM
#2490   You need a pilot plant to prove the gitreal 08/22/20 04:42:14 PM
#2489   Let's call it an educated guess there is gettineven 08/22/20 04:28:36 PM
#2488   so, that's the plan? build a plant and lucky,mydog 08/22/20 04:12:38 PM
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