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MEI Online: Plant Operation News: North America: April 28th 2014

 
 

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:: El Capitan Precious Metals Purchases Heavy Metals Separation System from AuraSource

 

El Capitan Precious Metals, Inc. has announced the purchase of a heavy metals separation system from AuraSource, Inc. 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.

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.

 

 

   

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