August 5, 2008
El Capitan Precious Metals, Inc. Reports Concentrate Samples Shipped to Commercial Lab
El Capitan Precious Metals, Inc. (OTCBB:ECPN) reports that the Company's metallurgical R&D initiative involving several large composites drill hole samples of the El Capitan deposit have completed key project milestones. The tin collection fusion procedure was performed on two separate drilling composites in late June, and the subsequent electrolytic parting process was concluded in mid-July. The "anode mud" concentrate was collected, dried, and then subjected to both Scanning Electron Microscope (SEM) and Energy Dispersive X-Ray Fluorescence (ED-XRF) analyses. Results from both tests indicate that the anode mud concentrate contains encouraging gold, silver and platinum group metal (PGM) grades. The concentrate samples have now been shipped to an international commercial laboratory for precious metals grade determinations.
Kenneth P. Pavlich, President & C.E.O., commented, "We are optimistic about the progress of this test work because it not only continues to provide encouraging results from the qualitative SEM and ED-XRF analyses, but the effort has also provided a larger quantity of concentrate than previous work, allowing the Company to arrange for analysis by a third-party commercial laboratory."In addition to the anode mud, the R&D laboratory which conducted the tests recovered a small amount of filter residue from the electrolytic solutions. This material produced similarly encouraging SEM results, although insufficient material was available for ED-XRF analysis. This filter residue was dissolved and analyzed with atomic absorption (AA) equipment, and the results were very positive.
Mr. Pavlich continued, "Although the quantitative AA results of the filter residues were extremely encouraging, we remain cautious about extending the analytic results from that small amount of material to the anode mud. There was only enough filter residue material from each composite test to allow for one chemical analysis, so there was no opportunity for quantitative verification or validation; only qualitative support provided by the SEM results.
"We anticipate receiving quantitative anode mud analyses from the commercial laboratory in the 2nd half of August, and we expect those results will provide definitive answers concerning the viability of this extraction process. While other metallurgical initiatives remain ongoing, this technique continues to be the front-runner for establishing the commercial value of the resource in a timely manner."
About El Capitan Precious Metals, Inc.
El Capitan Precious Metals, Inc. is a U.S. based mineral exploration company whose primary asset is a 40% interest in the El Capitan precious metals project, located in Lincoln County, New Mexico. The Company's stock trades on the Over-the-Counter Bulletin Board under the symbol ECPN.
Statements herein which are not historical facts, such as estimates of the volume and grade of mineral deposits, future production levels, exploration results and plans, costs, and prices are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price and production volatility, exploration risks and results, discrepancies between different types of testing methods, some or all of which may not be industry standard, political risks, permitting risks, project development risks and ability to raise financing. For a more detailed discussion of risks and other factors that may impact these forward-looking statements please refer to the Risk Factors and other discussion contained in the Company's quarterly and annual periodic reports on Forms 10-QSB and 10-KSB on file with the SEC. The Company undertakes no obligation and has no intention of updating forward-looking statements.
For further information, please visit the company's website at www.ElCapitanPMi.com.