Aug 23 2010
El Capitan Precious Metals, Inc. (OTCBB:ECPN) has contracted with Dr. Vern McMahon to aid in the on-going research project to refine the recovery method for the removal of precious metals contained in the Company’s New Mexico property and develop a flow sheet with extraction costs.
Chuck Mottley, Company President and CEO, stated: “The Company’s geologist has selected 230 samples, representative of the original 2,300 samples taken from previous drilling, to be processed for the recovery of precious metals. Dr. McMahon will assist in the on-going project which has already made great progress and is showing positive results.
“Dr. McMahon has extensive knowledge and experience in precious metals extraction from complex ores and will provide the Company with a detailed report when the assay and recovery results of the 230 samples have been completed. The Company will release the appropriate information as soon as available.”
The Company is expecting Planet Resource Recovery, Inc. to complete its production plant in the fourth quarter of this year. One of the purposes of this plant is for the processing of concentrates shipped to their Houston Facility which was obtained from the New Mexico Property.