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El Capitan Precious Metals Ends 2016 Poised for Pilot-Plant Production and Mine-Site Right-of-Way Resolution in the New Year
El Capitan Precious Metals Ends 2016 Poised for Pilot-Plant Production and Mine-Site Right-of-Way Resolution in the New Year.
About this update from El Capitan Precious Metals Inc
[{"type":"text","content":"\n \n El Capitan Precious Metals, Inc., (OTCQB: ECPN) announced today that it \n has completed several objectives that will poise the Company for \n production, sales, and anticipated profitability early in the new year. \n Key initiatives have included continued engagement with the U.S. Forest \n Service related to conditions of Right of Way use and the proactive \n shipment of ore to China for a quality check of the new pilot plant \n processing equipment.\n \n \n In related news, the Company announced that its pilot ore-processing \n plant is expected to be in full production as soon as the new equipment \n arrives on site and is operational. The Company has in hand the manifest \n for the shipping of the machine, on December 31, 2016, and it is \n expected to arrive in the United States in the third week of January \n where it must clear Customs prior to delivery to the plant site. \n Plumbing and wiring for the installation will begin next week.\n \n \n The Company anticipates that the equipment will be operational within \n weeks of installation at the plant site and full production is expected \n to be realized thereafter.\n \n \n In preparation for processing a saleable ore product, the Company \n shipped 20 tons of highly refined El Capitan concentrates to China to \n verify the effectiveness of the new processing equipment. It was \n management’s decision to use concentrates for this purpose to assure \n that, when the machine arrived, it would be ready to produce saleable \n product.\n \n \n About El Capitan Precious Metals, Inc.:\n \n \n El Capitan Precious Metals, Inc. is a mining company based in \n Scottsdale, Arizona that is principally engaged in the mining of \n precious metals and other minerals. The Company’s primary asset is its \n wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which \n holds the 100% equity interest in the El Capitan property located near \n Capitan, New Mexico. www.elcapitanpmi.com\n \n \n Forward-Looking Safe Harbor Statement:\n \n \n The statements included in this press release concerning predictions of \n economic performance and management’s plans and objectives constitute \n forward-looking statements made pursuant to the safe harbor provisions \n of Section 21E of the Securities Exchange Act of 1934, as amended, and \n Section 27A of the Securiti...