FMNJ - has the intention to start to mine with the PM and
base metal of reserves known ex..
Escala to Produce Zinc, Silver, Lead
Tuesday, October 9, 2007, 0830 ET
LAS VEGAS, NV – (MARKET WIRE) – Franklin Mining, Inc. (Pink Sheets: FMNJ – News) CEO and President, William Petty, issued his weekly Status Report on startup preparations at the Escala Mine on Monday, October 8, 2007.
Jaime Melgarejo, Jr, Franklin’s Chief Operations Officer is set to return to Bolivia the week of October 15, 2007 and to the Escala work-site prior to the start of operations, scheduled for October 25, 2007.
The first bulk tonnage produced at the Escala Mine will contain Zinc, Silver and Lead and will be processed at a nearby plant. Franklin’s engineering staff has evaluated several options and are preparing their recommendations for constructions of an on-sight plant.
About the Escala Project: A 2,000 hectare compound owned by COMIBOL, the Escala Mine is located in the Sud Lipez Province, which is near Bolivia’s border with Argentina. Escala was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia S.A. negotiated an agreement with COMIBOL to resume mining operations. Corporacion Minera de Bolivia, often known as COMIBOL, is the National Mining Company of Bolivia.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at 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 further information, please visit our website -
franklinmining.com
or contact our Investor Relations firm,
A. S. Austin & Company,
1-702-386-5379.
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With further mining -
drilling expl. etc....
FMNJ may find what ABX discovered by their expl. etc.?..
Well,
Barrick made discoveries of Gold -
and with Auspac had intentions to dev. -
The Escala mine in 1995 -
I think the Gold bullion price went down -
from a higher price of 1996 -
memo- $450 - to low of $250 in 2001 -
and the cost to dev. higher etc.
Barrick made some other priorities -
short selling gold etc. and lost
The Escala mine property -
for not fulfilling the intentions etc.?.
fyi..1995 - had made expl. on Escala Mine -
and had the intentions to develop it....
American Barrick and Austpac, says Mr. Cuellar,
recently agreed upon a US$200 million deal to develop
the Escala gold mine -
deposit located in Bolivia's altiplano.
DD..info..expl. Barrick - Auspac -
had intentions to dev. -
Escala Mine - in 1995 -
ssdc.ucsd.edu
Imo Tia.
God Bless
siliconinvestor.com |
