Franklin Mining, Inc. (FMNJ) and its wholly owned subsidiary;
Franklin Mining, Bolivia SA -
are set to begin retrieving Gold, Silver and Zinc -
under terms of a COMIBOL partnership agreement -
Franklin Mining, Inc.'s -
partnership with COMIBOL -
was the first to be signed with an American -
company since 1952 -
Metals Markets Continue Strong Performance:
With Gold's seven week high -
and Tin's all time high -
with Silver's strength -
and with recent projections -
that China's Zinc consumption could rise -
as much as 56% by 2010 --
total revenues and profits from both -
the Cerro Rico and Pulacayo projects -
stand to increase significantly as world-wide demand -
and pricing continue these upward trends.
Cerro Rico de Potosi:
Franklin's partnership agreement with COMIBOL -
to begin redevelopment of -
the historic Cerro Rico de Potosi Silver Mine -
promises to yield significant profits -
which will be shared equally by -
Franklin and COMIBOL -
once Franklin's initial investment has been repaid -
Reports provided by COMIBOL on Franklin's -
assigned veins in the Cerro Rico -
have indicated yields totaling -
36,274,137 Troy ounces of Silver;
586,117,434 pounds of Zinc;
and 159,518,908 pounds of Tin.
When the partnership agreement was originally prepared -
Franklin/COMIBOL projected the total value -
of these five veins to be -
approximately $2.2 Billion (USD).
Pulacayo Mining Fields: Franklin -
is also set to begin processing tailings -
found in the Pulacayo Mining Fields.
Yields from these tailings deposits are estimated
to total 7,973,507 Troy ounces of Silver
and 128,605 Troy ounces of Gold.
At the time of this agreement's preparation,
recovery rates from this tailings field
were conservatively estimated at 60%,
yielding approximately $109 Million (USD).
The pilot plant necessary to process tailings -
is now in La Paz, Bolivia and ready -
to be relocated to the Pulacayo work site
(please see our Jan 9, 2007
Press Release on this project).
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 -
Note. WHAT MADE CERRO RICO SO BIG? -
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal Silver resource -
Cerro Rico - INCA - has produced -
almost five times more Silver than any other BPV deposit -
still only at the top of the huge deeper deposits -
FMNJ - Mission -
God Bless -
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