El Capitan Precious Metals Names Mining Industry Veteran as New COO
March 12 2014 - 2:36PM
Business Wire
Keith Brogoitti Brings Decades of Operations
Experience to El Capitan Team
El Capitan Precious Metals, Inc. (OTCBB: ECPN) announced today
that the Company has named mining industry veteran Mr. Keith
Brogoitti as new Chief Operating Officer. With the execution of two
new contracts in the past two weeks—contracts that encompass the
mining, transportation and sale of high-quality iron ore from the
El Capitan mine—the Company placed a high priority on the search
for a knowledgeable and experienced COO.
Mr. Brogoitti beings nearly 30 years of experience in the mining
sector to his new position with El Capitan. His experience includes
exploration, operations, and development roles in uranium, gold,
copper and base metals. The Company believes that installing a COO
who is charged with the operations management of the mining
activities in New Mexico and the recovery of precious metals from
the tailings will support the Company’s strategic objective: the
sale of the property.
Mr. Brogoitti’s most recent position was Vice President of
Mexican Operations at Dynaresource, Inc., and his employment
history includes Operations Manager of the Pachapaqui Mine in Peru
and Mexican Country Manager for Virgin Metals. Inc. He has held
management positions with several major mining companies—including
Newmont Mining, Bema Gold, Ivanhoe Mines and Compania Minera
Antamina—and has served as a Technical Consultant for Placer Dome,
Noranda, Kennecott, Phelps Dodge, Asarco and BHP.
“The experience and expertise that Mr. Brogoitti brings to El
Capitan could not come at a better time,” said John F. Stapleton,
Chairman of the ECPN Board of Directors. “Recent developments have
put us on a fast track toward our goals, and with Mr. Brogoitti as
COO we have increased confidence in our ability to maximize and
leverage opportunities that will lead to the sale of the El Capitan
property,” he added.
In light of announcements over past few weeks related to the
launch of mining operations and a new relationship with Logistica
US Terminals, Mr. Brogoitti believes that the experience he brings
to his new role as COO comes at a pivotal point for El Capitan. The
depth of his experience in operations and his background in
metallurgy affords him a unique perspective in executing his new
role with El Capitan. He will also serve on the ECPN Board of
Directors.
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
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.Frank Capilla,
480-440-1449Investor Relations
El Capitan Precious Metals (CE) (USOTC:ECPN)
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