El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

If handy dandy randy doesn't get to help clyde this week I expect there will be a pr coming out in 3 to 4 weeks very much like this one from 2009.

February 04, 2009 07:30 AM Eastern Standard Time

RENO, Nev.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCBB:ECPN) reports that confirmation test work performed at a major commercial laboratory failed to duplicate the encouraging gold leaching results reported on December 10, 2008. The assay results from the confirmation test work indicated gold head grades of less than 0.004 troy ounces per standard ton. The confirmation test work used four 500g composite samples from El Capitan deposit drill hole material, all of which were finely ground (80% passing 17µm) prior to initiation of a 10-day leach cycle.

Ken Pavlich, ECPN President & CEO, stated, “While we know that the test procedures used were not precisely the same as those employed last fall that led to the positive results discussed in the December press release, we have every confidence in the personnel, equipment, and procedures involved in the current set of leach tests performed at this Canadian laboratory. Consequently, there is no reason to question the accuracy of the reported results.”

Mr. Pavlich continued, “While we are troubled by the conflicting gold value determinations between the current tests and those conducted late last year, we must place further investigation on hold until we have evaluated all strategic alternatives available to the Company considering both ECPN’s financial position and the current capital markets.”