Message #24 From:
NewsBot Date: November 16, 2006 04:15:00 AM
ECPN News El Capitan Adds Experienced Mining Executive to the Board
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTC/BB:ECPN)
Company President/CEO Chuck Mottley reports: “
The Company is pleased to announce the addition of Ken Pavlich to the
Board of Directors. Ken has enjoyed a long career in the natural
resource industry, with extensive experience in evaluation, development,
and operation of precious metal mines. Ken’s
client list include many of the leading North American precious metal
companies that we anticipate will be interested in learning about our
New Mexico project. We look forward to Ken’s
future contribution to the Board, and we are confident that his
broad-based experience and reputation in the minerals industry will help
the Company develop the underlying value of its assets.”
About Mr. Ken Pavlich:
As the Principal of Pavlich Associates for the past four years, Mr.
Pavlich, 52, has provided consulting services to numerous precious
metal, base metal and industrial mineral companies. The primary focus of
Pavlich Associates has been in the areas of corporate development and
energy cost containment. In addition to his corporate development
clients, including the Company, Mr. Pavlich is associated with three
start-up firms that provide energy related services to Pavlich Associate
clients.
Before founding Pavlich Associates, Mr. Pavlich held senior management
positions with industrial minerals producer, Oglebay Norton Company
(1997-2002), and precious metals producer Santa Fe Pacific Minerals
(1989-1997). Earlier in his career, Mr. Pavlich held positions with
several entrepreneurial technology firms providing services to natural
resource companies. He also served in engineering positions with two
coal companies prior to that time. Throughout his career, Mr. Pavlich
has worked with many of the premier precious metal, base metal,
industrial mineral and energy resource companies in North America. His
29-year career has encompassed extensive involvement in areas of
marketing and sales, engineering, operations, and corporate development.
Mr. Pavlich earned a B.S. in Mining Engineering (Summa Cum Laude) from
the University of Idaho in 1977 where he was elected to both the Phi
Kappa Phi academic honor society and the Tau Beta Pi engineering honor
society. He holds an M.S. in Management and Administrative Science -
Finance Concentration from the University of Texas at Dallas. Mr.
Pavlich also maintained certification as a registered Professional
Engineer for over 20 years.
Mottley continues: “Ken is not only committed
to maximizing shareholder value in the El Capitan property, but has been
instrumental in overseeing the current metallurgical R&D efforts to
understand the makeup of the mineralized resource and identify the
possible methods of measuring and extracting the target metals. We have
great faith in his abilities to do so. He is an invaluable asset to our
team.”
About El Capitan Precious Metals, Inc.
El Capitan Precious Metals, Inc. is an exploration stage company that
owns a 40% interest in the El Capitan property located near Capitan, New
Mexico as well as a joint venture and 20% ownership of 13 mining claims
and other assets known as the C.O.D. mine located near Kingman, Arizona.
In addition, the Company owns100
% of the Weaver mine located near Phoenix, Arizona.
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. This press release contains forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially. These risks and uncertainties include, among others,
the 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 the
possibility that future exploration, development 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 iron ore
and other products; fluctuations in world market prices for the Company’s
products; the Company’s ability to obtain or
maintain regulatory approvals; the Company’s
ability to obtain financing for the commencement of mining activities on
satisfactory terms; the Company’s ability to
obtain necessary financing; the Company’s
ability to enter into and meet all the conditions to close 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.
The Company disclaims any obligation to update its forward-looking
statements.