El Capitan Precious Metals Inc (ECPN)

[DR5]

2018 Business Updates
May 11, 2018
The El Capitan Board of Directors reports the following updates on the state of the Company:
The company has had a long and mutually beneficial relationship with Auric Metallurgical Labs (http://www.auriclabs.com) in Salt Lake City, Utah. In the most recent past they have provided testing analysis for the Company. Also, in April of 2018, head ore samples were collected from the mine site and shipped to Auric for analysis; the OPT (ounces per ton) of the gold was .36. Based on these results the company contracted Dr. Clyde Smith to begin a testing and developing a project that would eventually turn into a pilot/production plant.
This phase will begin immediately. Dr. Smith will be at the mine site during the week of May 14, 2018. He will collect two representative samples of approximately 10 kg each from selected sites on surface at the mine site. These samples will be delivered to Auric no later than May 18, 2018. These samples will be personally transported by Dr. Smith as to not break the chain of custody. Auric, in conjunction with Dr. Smith, will develop an Amenability test to achieve the optimum extractions of the precious metals from the samples collected. Similar work was done on six samples in 2005 and indicated very favorable results. New samples are required because the earlier work is dated and chain of custody of those samples is now broken. In joint testing by Dr. Smith and Auric, the Company is establishing third-party verification as it develops this phase of the project. This work should be completed in approximately three weeks. The funds for this phase have been provided by a Board member.
Assuming favorable results from this phase of the project, work will begin on a bulk-scale test to define the parameters for scaling up to pilot/production plant operations. There have already been preliminary discussions with a contract miner to work with the Company in the development and operation of the pilot/production plant.
While at the mine site, Dr. Smith has been authorized to collect one 10-kg sample from the 20 tons of concentrates returned from China and transport them to Auric for testing. These results will be made available as soon as testing is complete.
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DougWine

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