Franklin's Plan for Mining Operations at Cerro Rico de Potosi - Presented to COMIBOL -
Est. 1864 -
LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/2007 --
Franklin Mining, Inc.
(FMNJ) President Jaime Melgarejo, Jr.
has reported that Franklin's final study for mine operations
at the Cerro Rico de Potosi was presented to the COMIBOL Board
of Directors on Friday, February 2, 2007.
The study was prepared and presented by Z&H Consultora,
Santa Cruz, Bolivia, consultants with mining expertise.
This $145,000 investment fulfills Franklin's Phase I
requirements under terms of the COMIBOL agreement.
A response from the COMIBOL Board of Directors is expected -
COMIBOL reports on Franklin's assigned Cerro Rico veins -
indicate yields totaling:
36,274,137 troy ounces of Silver;
586,117,434 pounds of Zinc;
and 159,518,908 pounds of Tin.
The value of the five veins is estimated -
to be approximately $2.2 Billion USD.
Profits from the mining operations will be shared equally -
with COMIBOL after Franklin's initial investment -
has been repaid.
Additional information on Franklin's Cerro Rico agreement -
is available at
franklinmining.com.
Est. 1864 -
Franklin Mining, Bolivia -
Cerro Rico Projects - Hard Rock Projects -
Cerro Rico Palivari II Alternative III -
Potosi, Bolivia -
ENVIRONMENTAL COMPONENTS OF THE PROJECT PAILAVIRI II -
1. MITIGATION AND PREVENTION PROGRAM (MPP) -
Within the Integral Pailaviri Mining Project,
is attached the present document,
as an environmental component -
in order to determine some important mitigation measures -
that the execution Entity will have to implement through -
a consulting firm specialized in that field.
The project contains two alternatives:
First alternative;
consisting in the execution of a 2,000 meters adit starting
at coordinates N:
5.512 and E: 2,871, Height at mean sea level 4,053.
This adit will have a bearing of S 65º E.
The principal objective is to cut 15 mineralized structures
starting at 1,150 meters, until the interception -
with The San Miguel vein.
Above this base adit, three more adits -
will be executes, with a level increase of
about 40 meters between them.
On each of these levels,
adits will be developed for the exploitation -
of the mineralized structures.
The total length of the adits will be 3,400 meters
and the developments adits 12,000 meters.
Second alternative;
directed towards the same structures,
contemplates the construction of a ramp 400 meters
sloping length with a slope of – 40ª,
starting at level 4,288 meters on the surface,
at coordinates N: 5,149.50 and E: 3,760.50;
after this the opening of adits
and tunnels on four different levels,
in descending order, with characteristics similar
to those of alternative one,
the length of adits and tunnels on veins
will be 2,450 and 12,000 meters respectively.
1.1.
Levels of application and implementation of the Mitigating
and Prevention Program -
In accordance with Chapter IV of the Environmental Prevention
and Control Regulations from The Environmental Law ruling,
the prevention and mitigation program (MPP),
will be elaborated in this attachment,
in order to discover brief strategies and designs so as
to locate all foreseeable measures to eliminate, reduce,
remedy o compensate the negative environmental effects
and induce the positive ones.
The MPP has also been conceived to estimate the cost of
the protection and corrective measures foreseen in
all phases of the project.
The MPP will be implemented jointly within the development
of the project, been the contractor or the institutions
in charge of its execution that will be implementing them,
following a schedule to be elaborated and approved.
In this document, first is described,
The Environmental Labors of the MPP to be realized
in the Direct influence Area,
which will be the competence of the Entity that will
execute the project.
For the execution of the MPP,
it is necessary that each worker or administrative
personnel be aware of the basic rules of each program.
For this a Pocket Environmental Manuel leaflet
will be elaborated, including in an objective
and clear way, the correct actions and
knowledge’s in Environmental Matter.
1.2.
Environmental Labors of the MPP in the Direct Influence Area
1.2.1.
Actions in regard to the Physical Medium during the Execution
Phase
The following programs and subprograms have been designed
in order to remedy the environmental impacts created by
the mining activities, theses are reported in detail
as follows:
PROGRAM 1.
Infrastructures and Rulings for the Solid Waste management
and disposition.
Since the project is new, this program will be applied
to the mining sectors within the areas of the project.
The infrastructure to be utilized for the disposition of
solid waste will be different depending on the labor
activity in the influence areas.
Subprogram 1.1.
Infrastructure for the disposition of solid waste
There exist basically two types of infrastructures destined
for the deposition of solid wastes coming from -
mining activities:
· Waste baskets
· Containers
Waste baskets, are light mobile deposits preferably metallic,
installed in adits and working places without exceptions.
They will be painted red or orange so that can be visible;
their function is to receive small volumes of solid wastes
coming from inside the mine, such as:
Lime carbide ashes, plastics and other products
at individual’s levels.
Its volume will be 0.5m3.
The containers are deposits half stationary, with a capacity
of approximately 7 m3, which will be installed near
the adits entrances and near the working places:
These will be destined to receive a major quantity of
solid wastes coming from the lighter waste baskets.
Subprogram 1.2.
Solid waste handling
The light waste baskets, will be installed where there is
the most mine workers circulation,
inside the adits and near their entrance.
The adequate number has been estimated to one for every
work group.
The easy translation and handling permits them to be
emptied daily and this will be the duty of the person
assigned to the charge, planned and ordained by
the responsible for safety.
The containers will be installed near the adits entrances
at a prudential distance, in order that they won’t cause
odor nuisance to the work force.
These containers will be placed in
the quantity of one for every 30 employees or for every
six light weight baskets.
The wasted batteries from portable lights, radios etc.,
are dangerous elements that have to
follow the same routing as the rest of wastes.
These wastes have to be deposited in carton boxes,
installed in the administration offices and from there
send to the city of Potosi and given
to the pertinent Organizations.
The Entity responsible for the execution control
and follow up of the MPP, will be the
Entity responsible for the project, this will assign
specialized personnel in order to follow up thoroughly
the management of solid wastes.
The Sectorial environment unit, depending
from the Viceministry of mines, will send periodically
personnel in order to verify the adequate management
of solid wastes.
The costs necessary to cover the management of solid wastes,
will be covered by the Entity in charge of the project.
Subprogram 1.3.
Workers Environmental Education
The program implicates the instruction to all the personnel
including miners and administrative by way of talks;
and for this the information will be taken from the
following points:
· General Program information and the way this is
inserted into the project.
· Information’s regarding particular wastes management
and the definitions of individual and group
responsibilities in that same respect.
· Information regarding the importance of managing
carefully the solid wastes, in relation to
the environment.
· Follow up information systems and management rulings
accomplishment and sanctions established in
the Environmental Law regulations.
This subprogram,
is possible to execute once only with a two hours
conference for each group of up to fifty individuals.
Furthermore, the conference resume,
must be part of the Environmental Pocket size leaflet
that every personnel will have to carry round with them
in all of the mining operations.
Subprogram 1.4.
Management and disposition of rock solid waste
This program refers to the disposition of all the solid
wastes resulting from the opening of adits shafting
and tunneling to be executed within the project.
All rocky materials, will be deposited in a predefined
sector, that fulfill the environmental expectative.
In this way, and taking into account the elected alternative,
an adequate and sufficient space so as to support all
of the material generated during the time of the project
and that won’t cause any environmental problems.
To this end, for the first alternative, a depression
was located 200 meters near the projected adit entrance.
For the second alternative, near the margin of a nearby
intermittent creek located to the SE from the place
where the ramp will be built on the surface near
the mineral stockage bin and the winch structure.
PROGHRAM 2.
Infrastructure and rulings for the deposition of liquid
wastes in the work places of the project
This program applies generally within the sectors,
where the access to the sewerage isn’t possible,
case of the project, and for both alternatives.
The deposition infrastructure for treatment of the waste
waters will be taken care of by constructing septic -
sedimentation ditches.
One of these will be placed near the adit,
and its capacity calculated to receive a constant flow
of 30 liters per person per day,
during 5 years.
The interception of greasy waste of domestic origin
or from the maintenance of machinery will be done by
utilizing tramps or intercepting chambers.
These tramps will be installed in the drainage systems
of the work shops, garages, etc.
Once intercepted these hidrophobes wastes, the waters
will be conducted to the septic ditch.
The septic ditches, will secure the deposition and digestion
of mud’s formed by the evacuation of waste waters,
waters with solids in suspension, detergents and others
coming from the workshops and lamps stocks.
Subprogram 2.1. Liquid waste Management
All liquid wastes coming from dewatering, has to be
evacuated to the corresponding septic ditch.
Dewatering without greasy materials, oil or others toxics
substances, will be directed directly to the septic ditch;
while the ones coming from workshops and garages,
with greasy stuffs, will be directed previously
to an interception tramp.
The oil and grease wastes intercepted in the corresponding
tramps, will not be eliminated directly in creeks,
running waters courses or exposed to the weather,
but will be recollected periodically and
buried adecuately.
Industrial oil wastes, lubricants or hydrocarbons wastes
will be recollected in metallic drums, which once full
have to be send to YPFB for its final disposition.
The project executing Entity will be responsible for
the execution of the program and the coordination of all
other activity of the project, as well the follow up -
and the good management of liquid wastes -
whatever its origin.
Subprogram 2.2.
Environmental education for the workers
In a similar manner as Subprogram 1.3,
the established rules, will be broadcast to all
the personnel involved in the project.
This Subprogram will cover the following aspects:
· The management rules of liquid wastes in the working
places, will be scrupulously explained.
· The specific strategies for the management of oil wastes,
greases and hydrocarbons.
· The importance to maintain the rivers and natural
waters free of contamination.
· Information on the follow up systems and accomplishment
of the regulations for the management of liquid wastes
and the sanctions established in the
regulation of the Law 1,333.
PROGRAM 3.
Sound emission control in the Exploitation of minerals areas
In all the areas of mine workings, it is very important
to take into account the sounds produced by the mining -
machinery (Compressors, dump trucks, etc.) in order to
avoid strident sounds that in much of the cases -
will affect the health of miners, causing
irreparable damages.
In these cases, hear protectors to all workers developing
their activities in circumstances where the sound emission
is superior to 80 dB will be provided -
with hear protectors.
PROGRAM 4.
Election of a site for the construction of -
the explosive shed and explosive storage.
One of the most important activities in the mine
is the storage of explosives such as:
Dynamite, Ammonium nitrate, primers, explosive cords -
and other products such as fuel oil, lime carbide, etc.
The storage
of the explosives must be in an adequate place
that can be located inside or outside
the principal mine and which handling
has to charged to an experienced operator.
Subprogram 4.1.
Location of a storage room for the keeping of
dangerous substances (gasoline, Diesel, greases
and industrial oils)
In the same manner, the keeping of dangerous substances
is an activity that has to be controlled since the point
of acquisition, transport and storage.
The handling of these substances will be passed to
a responsible person nominated by the organization
in charge of the project.
PROGRAM 5.
Protection of the natural water ways.
Although in the sector of the project there
dos not exist water ways, for the lack of this recourse,
however it has to be taken into account for all the
sectors of the mine where acid waters can exit, this
case could occur in the case where the
alternative 1 is executed, with
the cutting of a 2 kilometer long adit.
Depending on the volumes of acid waters, a water -
treatment system will be designed -
consisting in two principal sedimentation tanks -
and a PH correcting device.
For the construction of this acid water treatment system,
mit will be necessary to consider a special project -
with the accurate budget.
Subprogram 5.1.
Internal regulation -
As a first measure, a serial of internal rulings
for all the personnel working on the project -
will be created; these rulings will have to be -
applied by all personnel without restrictions -
and the application of same strictly controlled
and subject to sanction for non accomplishment,
in accordance with the Environmental Law,
that says:
· In no natural water way, especially in those specified
in the program, will solid residues or liquid in
whatever form be shed.
· The sanction mechanism to those violators will be
in accordance with the regulations of the Law 1,333.
· The follow up on the state of conservation of these
natural areas, will have to be coordinated with
the personnel of the Environmental Sectorial Unit,
depending from the Vice Ministry of Mining.
Subprogram 5.2.
Environmental education for the workers
An environmental educational strategy, based on -
the regulations established by the Law
1,333, will be the diffusion of the rulings
en their corresponding chapter per theme.
This training will have to be transmitted, absolutely -
to every workers , where the following -
themes have to be highlighted:
· The rules established internally
· The follow up strategies for the accomplishment -
of the same rules -
· The sanction mechanism to those violators will be
in accordance with the regulations of the Law
1,333.
The execution of the subprogram is possible with a
two dissertation and with 50 people groups as maximum.
PROGRAM 6.
Protection to the vegetal cover
This program will be applicable to the all area where
the presence of important vegetal cover exists,
especially those near the adits entrances.
In the project area, vegetation is poor, constituted
by brave weed and “Tola”, in the area of
the first alternative and non existent in the case
of the second alternative.
Subprogram 6.1.
Internal Regulation
A serial of internal rules have to be established
for all the miners, these rules will have to be -
followed by all personnel without restrictions
and its accomplishment strictly controlled -
and violators sanctioned.
· In no case, will neither solids nor liquids wastes
be deposited in the middle of vegetation.
· In no way will a fire be made on an area covered
by vegetation, and this without any exception.
The responsible for the elaboration of these rules
within the project, will be the or those executing
the project, who in addition, will delegate responsible
persons for the follow up who will also in a consensual
form define the punishments.
Punishments mechanism to violators will be in accordance
with the regulations of the Law -
1,333.
Subprogram 6.2.
Environmental education for the workers
An environmental education strategically implemented
will have to be divulged to all the personnel,
regarding the protection of vegetal cover.
The points to be highlighted, will be related to
the environmental Law 1,333, in which the most -
important concepts are:
· Rules established internally
· Follow up strategies to the accomplishment
of these rules -
· Punishments mechanism to violators in accordance
with the regulation of the Law -
1,333.
· The importance of the vegetal cover, in accordance -
with its biological value and as animal life -
inhabitance, also its landscape value.
· The importance of the vegetation as an equilibrium
mean for the sustention and formation of soil layers.
In order to achieve this, the operators, will have to
take charge of the execution and coordination -
of this subprogram.
PROGRAM 7.
Environmental signs within the mine
Taking into account the importance of the project,
the responsible will assign personnel to place and
maintain all signs installed within the mine.
Subprogram 7.1.
Environmental signs
The informative signs placed inside the mine will bear
information about risk sectors, preventive information
in order to remind the miners on the continuous usage
of personnel safety equipments.
Also, the informative signs, along the adits, will also
serve for the visiting people and the new personnel.
The preventive signs, will also serve to call the attention
on prohibitions and punishments for throwing away wastes
and urinate or defecate inside the mine.
PROGRAM 8.
Utilization of the labor force
This program will be developed preferably within the
Direct Influence Area (DIA) and
Indirect Influence Area (IIA)
and necessary measures will have to be taken to warrant,
the interested population, the best occupational conditions.
Provision will be taken so that the contracted labor,
for the project, pertains to the influence area of
the project, so as to permit the increment of
economical revenues for the local families and take
advantage of the knowledge of the workers about
their region, always useful in any activity.
The project executors, will have to mobilize themselves
within the influence area of the project, in order
to make labor hiring.
The hiring will be done by responsible officials,
taken into account the hiring of the best personnel
and the ones with the higher economical requirements.
OTHERS
Signs maintenance
This subprogram will be applied in all places where
personal and environmental security signs have been
placed.
This subprogram implicates the weekly control of
the good shape in which the signs installed within
the auditors are encountered.
This subprogram, will be inserted within the
routinely strategies.
Any defect or alteration
(Inadequate inscription, scratched or erased,
plastered with political propaganda, etc.)
will have to be changed as soon as possible,
including substituting the signs by new ones.
Monitoring the regulation efficiency mechanism
Within the routinely maintenance programs,
will be evaluated the efficiency of the prevention signs,
respect to the acceptance by workers.
This evaluation has to take into account the efficiency
of the messages as well as the efficiency of the control
measures and punishments to the violators.
Others environmental risks
This program takes into account complementary actions
in sectors where internal earth slides may occur,
blocking the free accessibility of mine adits.
Also adits flooding could be experienced.
In all unforeseeable cases, the Cooperatives or the Entity
in charge of the execution of the project will have to
install an alarm system that can be activated easily -
in any case of emergency so that salvation measures -
are efficient and opportune.
Miner’s capacitation
The capacitation for salvation ends,
especially inside the mine,
is an important activity that all workers have to know
in order to salvage their companions at any time.
For this case -
two hours long classes -
will be dictated for 50 assistants -
in each course.
Franklin Mining, Bolivia -
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 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 Further Information check out our website
franklinmining.com
or
contact:
Investor Relations:
Mr. Andrew Austin
1-702-386-5379
RE: Borgman -
I was previous asked about this information.
I have provided a link of my findings so far.
Have a quick read and let me know what you think.
moneycentral.msn.com
Its a good start but FMNJ is very oversold / undervalued -
its one of US oldest comp. Est. 1864 -
it was not long ago trading at more than $150.00/share -
and its still holding the rich Franklin Gold Mines -
and its new Re-Commissioned mill -
its also in partnership with the largest and richest Silver Mine -
in the World -
Cerro Rico INCA Mines -
who produced 1-2 bil. ounces of PM's Silver -
DD...
investorshub.com
investorshub.com
investorshub.com
I do agree -
GO FMNJ GO
Love to see it above a few fiat $$ -
Got FMNJ PM's Gold & Silver?
Imo. Tia.
RE: the high for Gold today was $668.20
10 Best Performing Gold Stocks -
moneycentral.msn.com
investorshub.com
Message 23277474
investorshub.com |
