Franklin Mining, Inc. Announces Strategic Alliance Partner, Bolser Ltda. Bolivia to Begin Operational Duties Imminently at Bolivian Mining Operations
LAS VEGAS, Oct. 27, 2011 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ.pk) is pleased to announce that Bolser, Ltda. is set to commence operations at the Escala and La Joya mining properties in the Bolivian territory.
Bolser Ltda., former Contractor of the notable San Cristobal Mine, will be undertaking their tasks imminently at the Bolivian Mines that they will be supervising. The Company was responsible for the Operations Management of the San Cristobal Mine which consisted of forty seven Kilometers, or twenty six miles which under Bolser's control yielded a 100 million dollar development. The property has since been acquired by a Summuno Japanese firm.
In 2009 Franklin Mining entered into a Strategic Alliance agreement with Bolser Ltda., during which period Bolser has become familiar with the anticipated goals and day to day operations of the Company. Franklin Mining's management has developed great confidence in the belief that Bolser's experience and track record in the territory will serve as a key benefit to the future success and implementation of an increasingly productive and streamlined operation.
"We are very pleased to be working with Bolser's direct management support. Having Bolser's robust level of experience to assist in the development of our properties, we are highly anticipating great results," stated Mr. William Petty, CEO and President of Franklin Mining, Inc.
About Bolser Ltda. Bolivia: Bolser Ltda. is a 99% subsidiary of Bolser PLC. Bolser Ltda. has 34 years experience in the construction and maintenance of pipelines, roads, bridges, oil and gas processing plants, oil and gas production facilities and petroleum storage infrastructure. The company has a thorough understanding of the logistical difficulties particular to the region and is focused on being the leader in the oil and gas infrastructure business in the Southern Cone, particularly in Bolivia, and expanding to growing markets such as Brazil and Peru.
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.
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.
For more information visit our website at www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
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