El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Pan,
!0,000 mesh doesn’t exist

Cyanide leaching is one of the most common methods of gold extraction. ECPN announced test results from a cyanide test work on very finely ground drill hole composite in a Feb 2009 PR. You should look it up, the work was done by experts, very interesting.

Your expert witness says the main separation is done at 5 mm which is actually quite coarse. OK for separation of coarse grained magnetite ore. This and further testimony of you expert witness says that the gold is with the magnetite, the hematite has bugger all and the non-magnetic has silver and PGEs. It seems strange that at one point ecpn was talking about selling magnetite iron concentrates for their iron content only.
Then he says the magnetite has lower PMs and the PMs are in a 10-15% con. This is inconsistent. Also Smith said in his geologic report that he though drilling results indicated PMs were associated with hematite.

The only ore grade signed off by a geologist is Smith’s 0.02 opt.
If the head grade is 0.4 and the con the ship is 10% to 15% of head ore then the cons would be multi ounce. They could afford to remove the dirt with wheel barrows if that was true.