Franklin Mining Evaluates Gold Market in Anticipation of La Joya Joint-Venture's Production Revenues, First-Quarter 2013
LAS VEGAS, Dec. 13, 2012 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ.pk - News) – is pleased to announce that the Company has entered into the finalization of the Company's highly anticipated first quarter production revenues.
"We are in the right market at the right time," stated Mr. William Petty, Chief Executive officer of Franklin Mining, Inc. He continued: "The gold industry is extremely lucrative in this day in age, and appears to have a solid future, according to leading economists; yielding Franklin and our investors a truly exciting and advantageous opportunity."
The Surge in demand in the Gold market is evidently exploding on a worldwide basis as investors' increasingly take flight to the safe haven of Gold and other precious metal investments, as they endeavor to protect their reserves through safer means than the faltering system of fiat based investments.
Over the past decade gold has experienced an unprecedented incline in value. Contending fiercely with the top movers of the past decade, gold has risen in value from within the range of $250 per ounce in early 2000 to in the range of $1700 as of the last quarter of this year, soaring upward near the range of a 700% increase.
Mr. William Petty has confirmed that a Pilot Processing plant has been built and will be in full operation by January, 2013. The Plant in Operation will be processing 80 tons a day, yielding 480 grams of Gold anticipated 90% recovery rate at an average of 6 grams per ton. The Company anticipates that the earnings will be reflected in the first quarter.
The Company has 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 publically 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.
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SOURCE Franklin Mining, Inc.