El Capitan Precious Metals, Inc. announced today the completion of the merger with Gold and Minerals Co, Inc.
El Capitan Precious Metals, Inc. is the sole owner of the property in New Mexico previously referred to as the "El Capitan Property" and consisting of approximately 3000 acres.
The Company believes that completion of this merger, providing a single entity of ownership of the property, will greatly assist in the marketing efforts put forth by the Company.
The Company is very pleased in reaching this milestone and is continuing its efforts to develop an economically viable assay and recovery process. The Company intends to provide an update on the progress of these efforts in the near future.
Source: El Capitan Precious Metals, Inc.