Jun 5 2012
El Capitan Precious Metals, Inc.reports: On the heels of announcements related to the Company's progress in completing its Recovery Demonstration Process, John F. Stapleton, Chairman of El Capitan Precious Metals, Inc.'s Board of Directors, reported today that Grass Roots Research and Distribution, Inc. (GRDI) has released a research and analysis report on ECPN.
According to Stapleton, the report calls El Capitan "an opportunity with significant upside potential" and accurately reflects the Company's strategic plan for the sale of the El Capitan property.
“Key value drivers for the Company include claims on mining property, competencies in exploration, and recovery technology to maximize mineral exploration.”
Grass Roots Research and Distribution is an investor relations firm that provides investor awareness services to micro cap, small cap companies and other private and public companies. GRDI's research and analysis of El Capitan was driven by Paul Cohen, CEO and President of Cohen Independent Research Group, Inc. and Grass Roots Research and Distribution, Inc. The Cohen Research and Grass Roots Research have been called Wall Street's number top independent research firms for micro-cap/small-cap research. As a founder of Bear Stearns Western Regional Offices, Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation.
El Capitan President and CEO Chuck Mottley cited Grass Roots' assessment of El Capitan as a company with "success in the recovery of precious metals." Mottley quoted the report as stating: "Key value drivers for the Company include claims on mining property, competencies in exploration, and recovery technology to maximize mineral exploration."
According to Stapleton, "This announcement supports the next step in the Company's plan for the marketing and sale of the El Capitan property."
Stapleton confirmed that the full report, including a proprietary Cohen Price Target, is available on the GRDI website: http://www.grassrootsrd.com/ as well as on the ECPN website: http://www.elcapitanpmi.com.
About El Capitan Precious Metals, Inc.:
El Capitan Precious Metals, Inc. is an exploration stage precious minerals company based in Scottsdale, Arizona that is principally engaged in the exploration 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% equity interest in the El Capitan property located near Capitan, New Mexico.
Forward-Looking Safe Harbor Statement:
The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. Words such as "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)" and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the expected completion, timing and results of metallurgical testing, interpretation of drill results, the geology, grade and continuity of mineral deposits, results of initial feasibility, pre-feasibility and feasibility studies and expectations with respect to the engaging in strategic transactions. All of such statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Specifically, there can be no assurance regarding the timing and terms of any transaction involving the Company or its El Capitan property, or that such a transaction will be completed at all. In addition, there can be no assurance that periodic updates to the Company's geological technical reports will support the Company's prior claims regarding the metallurgical value and make-up of the ore on the New Mexico property. Additional risks and uncertainties affecting the Company include, but are not limited to, the possibility that future exploration, development, testing or mining results will not be consistent with past results and/or the Company's expectations; discrepancies between different types of testing methods, some or all of which may not be industry standard; the ability to mine precious and other minerals on a cost effective basis; the Company's ability to successfully complete contracts for the sale of its products; fluctuations in world market prices for the Company's products; the Company's ability to obtain and maintain regulatory approvals; the Company's ability to obtain financing for continued operations and/or the commencement of mining activities on satisfactory terms; the Company's ability to enter into and meet all the conditions to consummate contracts to sell its mining properties that it chooses to list for sale; and other risks and uncertainties described in the Company's filings from time to time with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.