El Capitan Precious Metals is buying a heavy metals separation system from AuraSource. This will be used to separate hematite and magnetite from other ore elements in the El Capitan ore. According to management, the AuraSource process leaves a rich concentrate for additional processing that will further be used by El Capitan 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 is on schedule to begin mining activities. The company believes that the AuraSource HMS system represents a critical element in meeting its goals and executing the strategic plan for the sale of the New Mexico property.

AuraSource says the AuraMetal process improves grade of ore at low cost and with minimum pollution. It is suitable for all kinds of low grade iron ore beneficiation. Its benefits include high grade output (60% Fe), high yield, low cost and low pollution (no chemical additives required).