Franklin Mining Announces Results of Mineral Samples
Testing to Be Completed in About 2 Weeks
Wednesday November 15, 8:14 am ET
LAS VEGAS, NV--(MARKET WIRE)--Nov 15, 2006 --
Franklin Mining, Inc
(Other OTC:FMNJ.PK - News) announces samples on
the Pulacayo Tailings Project -
to be completed in about 2 weeks.
In a report provided to Franklin Mining, Bolivia
by Z & H consultants this tailings project is said
to contain about 7,973,507 troy ounces of silver
and 128,605 troy ounces of Gold.
NY Spot prices of $12.82 bid for Silver
and $624.20 bid for gold
at close of November 13, 2006 give this project
a total reserve value at 60% recovery
about 109 Million USD.
Mr. Jaime Melgarejo, President of the Company,
and Mr. William Petty, lead consultant of the company,
are in South America currently reviewing progress
of projects and pending projects.
In August 2006, Franklin Mining, Bolivia entered
into a contract for the Pulacayo Tailings Project.
Franklin Mining, Inc.
owns 51% of this project in exchange for capital.
Three tons of material has been taken for analysis.
Franklin Mining
has been waiting for the results of the analysis
for the past several weeks.
Following due diligence to confirm mineral content,
recovery rate, and other items
Franklin Mining
will move forward to secure the pilot plant.
Pictures of the sampling process and the Pulacayo area
will be made available this week on our website.
For more information about
the Pulacayo Tailings project
including perspective cash flow analysis, project
reports visit our web site at
franklinmining.com.
About Franklin Mining, Inc:
Franklin Mining currently has interests in Bolivia
and the United States and opened a wholly owned
subsidiary in Bolivia and owns a majority ownership
in Franklin Oil & Gas, Bolivia.
For information about Franklin Mining, Inc.
visit our website:
franklinmining.com.
DISCLOSURES:
"Safe Harbor" ---- 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.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
1-702-386-5379
Source: Franklin Mining, Inc.
franklinmining.com
franklinmining.com |
