LAS VEGAS, Oct. 13, 2011 /PRNewswire/ -- FRANKLIN MINING, INC. (Pink Sheets: FMNJ.pk - News) announces that the Company has completed its first transaction on the sales of gold bearing ore. Details of the transaction are forthcoming.
This represents the first sales transaction that Franklin has completed and shipped of the Escala Mine's gold bearing ore to a refinery, and the Company anticipates that this marks a pivotal milestone in the Company's strategy to begin generating a significant positive cash flow for the Company and its shareholders.
About The Escala Mine: A 2,000 hectare compound owned by COMIBOL, the Escala Mine is located in the Sud Lipez Province near Bolivia's border with Argentina. Escala was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver. In September 2007, Franklin Mining, Bolivia was awarded a joint-venture agreement to resume mining operations.
"We are very pleased that this transaction has been completed and the shipment sent. We plan to disclose the details shortly, and expect that this will be the first of an ever increasing number of transactions that will keep the Company continually growing toward profitability," stated Mr. William Petty, CEO and President of Franklin Mining, Inc.
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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For more information visit our website at www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.