Scottsdale, Arizona- El Capitan Precious Metals, Inc. (OTC/BB:ECPN) is completing a revised update of its 43-101. This is the central document for the Company’s presentation of the property to the market for sale. The previous 43-101 was completed in 2007 and requires significant updating to bring it current.
The update includes a site visit by the Qualified Person, a review of permitting, a complete metallurgical initiative to assess the ore content as well as multiple independent verifications of all the metallurgical work for accuracy and repeatability.
The Company’s prior results are being replicated with “Chain-of-Custody” ore under the direction of the independent Qualified Person.
In an abundance of caution all the assays that are being performed will be verified by at least two independent labs. The work is progressing in spite of the holiday interruptions.
Due to the use of independent labs, the exact schedule of completion is difficult to predict. It is still the expectation of the Company to be marketing the property with its investment banker, by early January 2012.