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Gold/Mining/Energy : FMNJ - Franklin Mining, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: americano who wrote (38)10/25/2006 4:07:36 AM
From: NYBob1  Read Replies (1) | Respond to of 184
 
Franklin Mining Announces Cerro Rico Mine Development Plan Is Progressing Towards Completion

Franklin Mining, Inc. (FMNJ) announced today that their developmental plan of the Cerro Rico Mine -
is progressing towards completion.

In early 2006, COMIBOL, The Mining Corporation of Bolivia and Franklin Mining -
signed a contract for the area containing the five veins -
of the Cerro Rico Mine -
the world's largest silver deposit.

As agreed in the joint venture with COMIBOL,
Franklin Mining -
is investing $140,000 (USD) in a developmental plan
of the Cerro Rico Mine.

The plan is scheduled to be completed mid-December 2006
and accomplishes a variety of milestones including
confirming the location and quantity of veins,
ore sizes, and mineral values, environmental study,
confirmation of the required investment,
advising proposed scheduling and methods of works,
prospective costs, and profit margins.

"We have been working towards the completion of this study
for the last several months and we are excited at
the progress that is being made towards completion,"
declared Jaime Melgarejo, President of
Franklin Mining, Inc.

Upon review and approval in mid-January 2007,
Franklin Mining -
will move forward with the commencement of their
production plan and COMIBOL will participate with
Franklin Mining -
on a 50/50 profit basis after repayment of capital.

For more information about the Palivari II Project
in the Cerro Rico -
and other projects please visit our website at

franklinmining.com

About Franklin Mining, Inc.:

Franklin Mining -
currently has interests in Bolivia and the United States
and opened a wholly owned subsidiary in Bolivia.
Franklin Mining, Inc. -
owns a majority interest in
Franklin Oil & Gas -
Bolivia.

For information about -
Franklin Mining, Inc. -
visit our website:

franklinmining.com.

About Cerro Rico Mine:

The Cerro Rico Mine is considered by many to be
the richest silver mine in the world.
Rich in zinc and silver, it has been actively mined
since the 1500s and is in operation today.
Cerro Rico is owned by Bolivia's national mining company, COMIBOL -
investorshub.com

About COMIBOL:

COMIBOL -
is the government-owned mining company in Bolivia.
COMIBOL owns the CERRO RICO mines -
as well as many other properties and mineral rights
in Bolivia.

DISCLOSURES:

"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995----to differ materially from
those expressed in any forward-looking statements made by,
or on behalf of, Franklin Mining Inc.

Source: Market Wire (October 24, 2006 - 9:15 AM EST)

News by QuoteMedia
www.quotemedia.com



To: americano who wrote (38)10/26/2006 2:59:18 AM
From: NYBob1  Read Replies (1) | Respond to of 184
 
Silver’s massive 2006 upleg stealthily emerged -
from the ashes of a long consolidation -
almost exactly one year ago -



Silver - remains one of the highest-potential metals -
of this commodities bull and its ultimate bull-market -
gains should be staggering just as they were -
last time around in the 1970s -

It is important to keep an eye on -
FMNJ - Silver - this consolidation fades -
and once its new base is established -

FMNJ - Silver should leap back into -
the limelight with a vengeance -

FMNJ stock performance vs. Silver bullion -



Franklin Mining, Inc. - FMNJ -
has delivered on performance last year -

FMNJ - Fib new trends are often 162% of -
the pevious correction -

I telling my friends -
get off the fence -
get on the fmnj train -
before its leaving -

investorshub.com
welcome to FMNJ -

TIA