Pilot Plant Processing Operations Underway as El Capitan Precious Metals Prepares Concentrates Sales
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El Capitan Precious Metals, Inc. said that the AuraSource II machine that will process its concentrates is fully operational at the planned capacity. The machine has been modified to accommodate U.S. power source requirements and enhanced to increase throughput for the final processing of El Capitan concentrates.
“Most important, is the news that initial shipments of the fully processed precious metals product have been sent to prospective buyers to determine pricing for the on-going sale of the material,” said John F. Stapleton, El Capitan chairman and CEO.
Stapleton also confirmed that, for the quarter ending March 31, the company has completed an agreement with the U.S. Forest Service for the use of the right of way with facility to support commercial production. A copy of that agreement is published on the company’s website. The remaining requirement in support of the agreement is the installation of Jersey barriers on specified parts of the road. Those barriers have been ordered and are being delivered for installation.
The pilot processing-plant operations represent the central resource in the company’s ability to take its precious metals to market and thereby achieve positive cash flow. Stapleton and the company anticipate several announcements and updates over the coming weeks, all of which will move forward its agenda for revenue generation and enhancement of the asset value of the New Mexico property.
About El Capitan Precious Metals
El Capitan Precious Metals, Inc. is a mining company based in Scottsdale, Arizona that is principally engaged in the mining of precious metals and other minerals. The company’s primary asset is its wholly owned subsidiary El Capitan, Ltd., an Arizona corporation, which holds the 100 percent equity interest in the El Capitan property located near Capitan, New Mexico.
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