Franklin Mining, Inc. Appoints Joint Venture Partner, Bolser Ltda. Bolivia as Operational Contractor for Bolivian Mining Operations
LAS VEGAS, Oct. 18, 2011 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ) is pleased to announce that due to an ongoing successful Joint Venture Alliance, the Company has elected to appoint Bolser Ltda. Bolivia to oversee the operations at the mining properties being conducted within the Bolivian territory.
The Company entered into a Joint Venture agreement with Bolser Ltda. two years ago, 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.
"This is a great milestone in our development in this territory. Having Bolser's steady support in directing the operations of our properties, we are confident that the resulting outcome will have a positive impact on the bottom line of the Company and its shareholder value," 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. More information on Bolser Ltda. at http://www.bolserltd.com
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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