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.