FMNJ reporting that Franklin Mining, Bolivia's General Manager,
Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton,
believe the Escala Mine -
has begun showing signs of a greater than expected
silver content.
Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining
and hydrocarbons industries about twenty years each -
do have the knowledge and want to send bulk samples to
processing to get the accurate info -
ex. large ore bulk samples may often be much more reliable than a
2" drill core etc.
Silver Content at the Escala Showing Signs of Increase -
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty
is reporting that Franklin Mining, Bolivia's General Manager,
Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton,
believe the Escala Mine -
has begun showing signs of a greater than expected
silver content.
SILVER Mar 2008 (NYMEX:SI.H08.E) -
Last trade $19.015 Change +$0.295 (+1.98%)
Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining
and hydrocarbons industries about twenty years each.
Their professional opinion is that the silver -
being recovered from the most recent blast sites at
the Escala is greater than previously estimated.
Using reports prepared by Austpac Gold, NL in 1993-1994
and supplied to Franklin by COMIBOL, the mineral content
in areas where blasting is currently being conducted
was estimated to be 1 Kg per ton of silver and
2 grams per ton of gold as well as economically viable
quantities of lead and zinc and some copper.
Recovery efforts completed over the past several weeks
have produced an estimated 100 tons to be processed.
The actual mineral content recovered from the Escala
will be announced when the processing of this first
month's production is complete.
Additional information on Franklin's -
plans for mining at the Escala -
is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008 -
About The Escala Mine:
Comprising three separate mining applications,
COMIBOL's Escala Mine concession totals 2,000 hectares
located in the Sud Lipez Province, near Bolivia's border
with Argentina.
Franklin Mining, Bolivia has been awarded a contract
to mine 500 hectares within the original concession.
Escala II and Escala III mining applications
are currently assigned to another company.
The original Escala Mine -
was established during the Spanish colonial period
and has been mined for lead, zinc, gold and silver.
In 2007, Franklin Mining, Bolivia negotiated an agreement
with COMIBOL, National Mining Company of Bolivia,
to resume mining operations within the area of
the original concession.
About Franklin Mining, Inc:
Franklin Mining, Inc. holds mining and energy interests in
the United States and Bolivia as well as energy interests
in Argentina.
Franklin Mining, Bolivia 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.
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 (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Marketwire (February 21, 2008 - 8:30 AM EST)
GOLD Apr 2008 (NYMEX:GC.J08.E) -
fast down - fast UP -
the more volatility the better -
the higher it will jump -
COPPER Mar 2008 (NYMEX:HG.H08) -
God Bless America
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
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history often repeat itself -
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The old bucky falling off the cliff? -
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