Franklin Mining Reports Progress on Bolivian Mining Projects
LAS VEGAS, Nov. 7, 2012 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ) – is pleased to announce that the Company's CEO, William Petty, has returned to Bolivia to review progress at each of the company's two joint-venture work sites, and is pleased to report that Franklin has relocated 70 truck loads, approximately 16 tons each load, of recovered material from the La Joya mine.
The material recovered has been relocated to Franklin's storage properties and is being evaluated and analyzed in preparation for the initiation of processing. In past evaluations the property has revealed the probability of yielding considerable mineral production. Previous testing and analysis of materials recovered from the company's La Joya joint-venture mine yielded gold contents as high as 5 grams, +/-, per ton which equates to about 80 grams per load or a potential range of 5600 grams of Ore alone. The Company intends to announce the latest evaluation results upon completion, which is estimated to conclude within the next 10 days.
Chief Executive officer, William Petty will be meeting with two Processing Engineers on November 9th to design an effective production strategy. Final preparations to initiate their environmentally friendly processing procedure are underway. Current stockpiles of recovered material are pending finalization of transportation agreements which are expected as early as next week.
"We are very pleased to announce progress on these properties. The potential in Bolivia is advantageous. We are very excited about the revenue opportunity this presents with Ore and other precious metals being valued in the current range," stated William Petty, Chief Executive Officer.
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.
SOURCE Franklin Mining, Inc.
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