El Capitan Precious Metals Purchases AuraSource Separation System to Process Ore Recovery
April 24 2014 - 6:15AM
Business Wire
El Capitan Precious Metals, Inc. (OTCBB: ECPN) has announced the
purchase of a heavy metals separation system from AuraSource, Inc
(OTCBB and OTCQB: ARAO). This state-of-the-art technology will
separate hematite and magnetite from other ore elements in the El
Capitan ore.
According to ECPN management, the AuraSource process leaves a
rich concentrate for additional processing that will further be
used by ECPN to extract the precious metals. The iron ore will be
transported to a port for sale, pursuant to the Company’s contract
agreements with GlencoreXstrata and Logistica US Terminals.
As previously reported, El Capitan Precious Metals is on
schedule to begin mining activities. These activities are
consistent with the plan presented at the Shareholder Informational
Meeting last month. The Company believes that the AuraSource heavy
metal separation system represents a critical element in meeting
its goals and executing the strategic plan for the sale of the New
Mexico property.
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. www.elcapitanpmi.com
About AuraSource
AuraSource is a technology-driven company focused on developing
and implementing clean energy and mineral processing technologies.
The Company is commencing operations with two hydrocarbon clean
fuel technologies: AuraCoal™ and AuraFuel™, and a mineral
processing technology: AuraMetal™, all of which are economically
feasible and environmentally friendly. www.aurasourceinc.com
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.
El Capitan Precious Metals, Inc.John Stapleton, 480-440-1449
AuraSource (CE) (USOTC:ARAO)
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