Franklin Mining Continues to Expand Bolivian Production Capacity at Joint-Venture Mining Operation
LAS VEGAS, Jan. 22, 2013 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ) – CEO William Petty is pleased to announce the Company has committed to substantial further developments including enhancements to facilitate increased daily capacity of the joint-venture's recently completed 80 ton per day processing plant.
It is anticipated that once completed the expansion will increase processing capability to 100 tons per day; an impressive 20 percent increase from the original processing capability. Based on recent daily reports, Franklin anticipates achieving future daily processing of as much as 6 grams per ton of Ore.
It is expected that Mr. Petty will also participate in a full review of recently received plans for construction of a second processing plant rated at 550 ton per day.
"Developments are beginning to escalate quickly," stated Mr. William Petty, Chief Executive officer of Franklin Mining, Inc. He continued: "Upon return from Bolivia we expect to announce substantial and lucrative improvements which we expect will prepare the way for a quarter which thus far has continually been exceeding expectation."
The Company had recently announced that the initial results of La Joya's joint-venture mining operation have exceeded the initial expectation which were anticipated to yield within the range of 5.0 grams per ton. The initial results acquired, from the approximate 1,100 tons evaluated, indicates that the gold content present will be a substantial 20 percent higher, at an impressive 6.0 grams per ton.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a publicly traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc.has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website: www.FranklinMining.com.
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
SOURCE Franklin Mining, Inc.
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