SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of the Securities Act of 1934

          Date of Report (Date of earliest event reported): May 1, 2006

                        EL CAPITAN PRECIOUS METALS, INC.
             (Exact name of registrant as specified in its charter)

            Nevada                      333-56262               88-0482413
-------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
     of incorporation)                                       Identification No.)

                       14301 North 87th Street, Suite 216
                            Scottsdale, Arizona 85260
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (480) 607-7093
              (Registrant's telephone number, including area code)

                                       N/A
         (Former name or former address, if changed since last report.)


<PAGE>

Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

      On May 1, 2006, El Capitan Precious Metals,  Inc. (the "Company") received
a letter from W. Pierce Carson notifying the Company of his resignation from the
Board of Directors of the Company  effective  May 1, 2006.  Mr.  Carson cited as
reasons  for his  resignation  personal  matters  and a  potential  conflict  of
interest,  noting  that the Company  and  another  company for which Mr.  Carson
serves as president and chief executive  officer each hold significant  property
interests in the state of New Mexico.

Item 9.01.  Financial Statements and Exhibits.

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits.

            None.

<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            EL CAPITAN PRECIOUS METALS, INC.

Date: May 5, 2006                           /s/ Stephen J. Antol
                                            ------------------------------------
                                            Stephen J. Antol
                                            Chief Financial Officer
{"company-data": {"conformed-name": "EL CAPITAN PRECIOUS METALS INC", "cik": "0001135202", "assigned-sic": "1000", "irs-number": "880482413", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-56262", "film-number": "06813940"}, "business-address": {"street1": "10876 E. TIERRA DRIVE", "city": "SCOTTSDALE", "state": "AZ", "zip": "85259", "phone": "480-948-0724"}, "mail-address": {"street1": "10876 E. TIERRA DRIVE", "city": "SCOTTSDALE", "state": "AZ", "zip": "85259"}, "former-company": {"former-conformed-name": "DML SERVICES INC", "date-changed": "20010216"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of the Securities Act of 1934

          Date of Report (Date of earliest event reported): May 1, 2006

                        EL CAPITAN PRECIOUS METALS, INC.
             (Exact name of registrant as specified in its charter)

            Nevada                      333-56262               88-0482413
-------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
     of incorporation)                                       Identification No.)

                       14301 North 87th Street, Suite 216
                            Scottsdale, Arizona 85260
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (480) 607-7093
              (Registrant's telephone number, including area code)

                                       N/A
         (Former name or former address, if changed since last report.)
Item 5.02   Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

      On May 1, 2006, El Capitan Precious Metals,  Inc. (the "Company") received
a letter from W. Pierce Carson notifying the Company of his resignation from the
Board of Directors of the Company  effective  May 1, 2006.  Mr.  Carson cited as
reasons  for his  resignation  personal  matters  and a  potential  conflict  of
interest,  noting  that the Company  and  another  company for which Mr.  Carson
serves as president and chief executive  officer each hold significant  property
interests in the state of New Mexico.

Item 9.01.  Financial Statements and Exhibits.

      (a)   Not applicable.

      (b)   Not applicable.

      (c)   Exhibits.

            None.
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            EL CAPITAN PRECIOUS METALS, INC.

Date: May 5, 2006                           /s/ Stephen J. Antol
                                            ------------------------------------
                                            Stephen J. Antol
                                            Chief Financial Officer