Franklin, COMIBOL Review Plan for Cerro Rico Mining -
Operations -
Franklin, COMIBOL Review Plan for Cerro Rico Mining -
Operations -
LAS VEGAS, NV -- (MARKET WIRE) -- 01/16/2007 --
Franklin Mining, Inc.
(FMNJ) CEO Jaime Melgarejo reports that in a January 10, 2007
meeting with COMIBOL, it was agreed that all necessary
studies are being completed.
Both COMIBOL and Franklin Mining, Bolivia SA remain fully
committed to revitalizing the historic mining operations
of Cerro Rico de Potosi.
As soon as final study reports are received, they will -
be presented for COMIBOL's review.
Bolivia's Cerro Rico Mine was recently estimated to be
the world's fifth largest undeveloped silver deposit
(http://gold.seekingalpha.com/article/23676).
Owned by the Mining Corporation of Bolivia (COMIBOL),
Franklin's agreement was signed in 2006 and guaranteed
by Bolivia's Minister of Mines and Metallurgy,
Walter Villarroel Morochi, in July.
Additional information on Franklin projects can be found at
franklinmining.com.
About Franklin Mining, Inc.
Franklin Mining, Inc. has interests in the United States,
Argentina and Bolivia which include a wholly owned subsidiary,
Franklin Mining, Bolivia, as well as 51% interest in
Franklin Oil & Gas, Bolivia and 51% interest in
Franklin Oil & Gas, Argentina.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements --- or on behalf of, Franklin Mining, Inc.
For Further Information check out our website
franklinmining.com
or contact:
Investor Relations:
Mr. Andrew Austin,
1-702-386-5379
Contact:
Investor Relations
Mr. Andrew Austin
1-702-386-5379
franklinmining.com
marketwire.com
----
A government feasibility study calculated a -
subterranean mine burrowing into -
the Cerro Rico could produce -
266 million ounces of Silver over 25 years -
churning through 54 million tons of ore -
graded Ag at 182 grams per ton -
Eyeing the bigger load lurking in the lure of -
the Cerro Rico - mountain's interior, which
estimated at shallow upper chamber levels -
a minimum 250 million ounces of Silver worth billions -
of fiats remain for -
FMNJ Mission - with social majority resp. accepted -
in Potosi -
Rhodium $5005.- per ounce - Silver to follow -
kitco.com
Its a start - Silver above $800.- per ounce in 1477 -
gold-eagle.com
fig. the inflasion since - the Silver would be much more
than $8000.- per ounce today -
(if it was a fair market playingfield -
without ratchillz banksterz manipulated the market -
since the past 500 years) -
Are the lemmings following LT Bucky? -
U.S $ INDEX (NYBOT:DX) -
FMNJ - dd --
franklinmining.com
FMNJ - Cerro Rico - Inca - Potosi or “Rich Mountain” -
great bonanza periods have been reported for the quality
of the mineral, with ore contents between 1,500 and
9,000 Silver ounces per ton -
and est. reserves are about 938,130 kgs of Silver -
by very shallow drilling -
250,004 tons of zinc - by very shallow drilling -
dd --
The Worlds Richest Silver Mines -
has been mined for more than -
- 500 years -
Est. 1864 -
franklinmining.com.
investorshub.com
FMNJ - Mission |
