Business
Mining Operations Move to New Phase as El Capitan Precious Metals Stockpiles Reserves and Focuses on Precious Metals Extraction
Mining Operations Move to New Phase as El Capitan Precious Metals Stockpiles Reserves and Focuses on Precious Metals Extraction.
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 mined and processed sufficient quantities of ore at the mine site to \n meet the needs for the next year and is moving into its next phase of \n operations. This decision is based upon its operations plan requirements \n for concentrated ore, extracted from head ore. The Company and its \n partner, Logistica, are now focused on extraction of precious metals.\n \n \n According to Board Chairman John F. Stapleton, the Company has been \n working with state and federal governmental agencies to resolve any \n remaining regulatory issues related to right of access to the mine. To \n date, there has been sufficient resolution on this front and there is no \n impediment to the Company’s operating plan. In addition, reported \n Stapleton, a new proposal is being developed “to resolve all issues \n related to right of access once and for all.”\n \n \n Logistica is in the process of establishing a laboratory to demonstrate \n precious metals recovery to interested parties and support the Company's \n position that it can consistently recover precious metals from its \n ultra-fine concentrates. This technology will also support a pilot plant \n to generate initial cash flow.\n \n \n The Company continues to work through Logistica and other potential \n partners to augment methods of extraction to accelerate short-term \n precious metals production. It is the intention that these activities \n will form the basis for the financial stability of the Company until \n full-scale commercial production begins. Stapleton reports that these \n efforts are also progressing well.\n \n \n The significance of current activities has generated initial discussions \n with large potential joint-venture parties that would and could, \n immediately, take the Company’s current operations to a much larger \n scale. According to Stapleton, these ongoing discussions have been very \n positive, demonstrate notable interest, and give the Company optimism \n for its near future.\n \n \n At this time El Capitan is focused on its precious metals recovery \n process, as that has generated not only significant interest from large \n potential partners, but acquisition interest as well. The Company \n anticipates a significant announcement to shareholders at its A...