Franklin Seeks to Expand Scope of Escala Joint-Venture
17 Giugno 2010 - 5:16PM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman,
CEO and President William Petty is pleased to announce that he has
met with Jose Antonio Pimentel Castillo, Bolivia's Minister of
Minerals and Mines to discuss expanding Franklin's Escala Mina I
concession and joint-venture.
Following the meeting, Franklin submitted a formal proposal to
expand Franklin's current joint-venture at the Escala.
Last month's meetings in La Paz, Bolivia followed completion of
a technical audit of Franklin's joint-venture to develop mining
operations at Escala Mina I. Prepared by Dr. Michael Biste, the
audit recommended expansion of the current Franklin - COMIBOL -
Cooperativa Minera LTDA joint-venture to include the remaining two
areas of Escala, Mina II and III.
About the Escala: A 2,000 hectare compound
owned by COMIBOL, the Escala is located in the Sud Lipez Province
near Bolivia's border with Argentina. Established during the
Spanish colonial period, the Escala has, intermittently, been mined
for lead, zinc, gold and silver.
About Dr. Michael Biste: A respected
geologist with 30+ years' mining experience including nine years as
a consultant to several of South America's largest and best-known
underground, open pit and alluvial operations. Additional
information is available at www.michaelbiste.com.
About Franklin Mining, Inc: Franklin
Mining, Inc. has mining interests in the United States and Bolivia;
additional information is available at
http://www.franklinmining.com/.
DISCLOSURES: "Safe Harbor" statement under
the Private Securities Litigation Reform Act of 1995: This press
release contains forward-looking statements that are subject to
risk and uncertainties, including, but not limited to, the impact
of competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other risks
detailed from time to time in Franklin Mining, Inc.'s filings with
the Securities and Exchange Commission. These risks could cause
Franklin Mining, Inc.'s actual results to differ materially from
those expressed in any forward-looking statements made by, or on
behalf of, Franklin Mining, Inc.
For additional information, please visit our website
(www.FranklinMining.com)
Contact Investor Relations firm A S Austin Company 210-204-5068
FMNJ@asaustinco.com
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