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.
For additional information visit our website at
www.FranklinMining.com
or contact Investor Relations: (858) 537-7439,
fmnj@asaustinco.com
SOURCE Franklin Mining, Inc.
