With Gold and Silver Poised for Additional Gain in 2007 -
Metallurgical Report on Pulacayo Tailings Project Reveals -
Significant Potential for Franklin Mining, Inc. -
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) has announced receipt of a metallurgical
report commissioned in anticipation of a COMIBOL partnership
for the recovery of Gold and Silver from the Pulacayo,
Bolivia tailings -
As previously announced by Jaime Melgarejo, President of
Franklin Mining, Inc, this study was completed as part of
Franklin's due diligence prior to initiating the capital
investment required to build and
operate a processing plant.
The report has been accepted and approved by
Franklin's Board of Directors for publication and
distribution to financial partners.
Additional information on the plant's operations will be
released as soon as final arrangements are concluded.
The full Pulacayo report together with information on other
Franklin Mining, Inc. 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.
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
Source: Market Wire (January 3, 2007 - 11:58 AM EST)
News by QuoteMedia
www.quotemedia.com
Foto satelite de Pulacayo -
The history of the Pulacayo Mines -
tells that around 1833 an Inca Indian woman -
told Mariano Ramírez, a Spaniard -
who was looking for minerals in an inappropriate spot -
to follow her, because she would show him a place -
with enough Silver to build a city -
After crossing hills and valleys, they arrived -
to a place at the foot of the mountains –
the last section of the mountain range –
close to the limitless highlands -
That’s where the wind, which previously reached -
the Uyuni Salt Lake, blows -
The site was known as Mula-Cayo or Old Pulacayo,
where the Spaniards had worked a vein until 1770,
when the Indians in the Tupaj Amaru rebellion
had killed all the Spaniards and closed the vein -
The Indians had then kept the secret for many years -
In order to work the mine, Ramírez organized
a society in 1833 with two friends who lived
in Potosí, thus founding
the “Sociedad Mineralógica de Huanchaca”
(Huanchaca Mining Society) -
The three partners trustingly decided to work
on the ruined Huanchaca ingenio they had bought -
This mine was, during the last quarter of
the 19th Century, the axis of the Bolivian economy.
The Huanchaca mine was on the other side of the hill
and years later (1887), always looking for more mineral,
they dug a tunnel that went from Huanchaca to Pulacayo.
The Pulacayo mining center,
one of a kind for many years,
has been kept with minimal changes,
although they have been abandoned since 1952.
Among the important buildings are the house
that belonged to Aniceto Arce and Mr. Simón Patiño,
very renowned mining businessmen of their time -
There is also the first alpaca wool spinning mill
in the country, the theater, the maestranza,
and several other important buildings -
As an urban center, it has kept adequate integrity -
history repeat itself -
franklinmining.com.
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