El Capitan PreciousMetals Inc. said July 19 that it is moving into the next phase of operationsat its namesakepolymetallic project in New Mexico.

The company has processed sufficient quantities of ore to meetthe needs for the next year and is now focused on the extraction of precious metalsalong with its partner Logistica.

El Capitan has been working with state and federal governmentalagencies to resolve any remaining regulatory issues related to right of access tothe mine.

Meanwhile, the company is also working with Logistica and otherpotential partners to expand methods of extraction to accelerate short-term preciousmetals production aimed at ensuring financial stability until full-scale commercialproduction begins.

Currently, El Capitan is focused on its precious metals recoveryprocess, which has generated interest for potential partnerships as well as an acquisition.