Escala Mine Progress Report
December 16 2008 - 8:52AM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO
William Petty has returned from a two-week visit to Franklin
offices in Bolivia and Argentina. Later this week, Mr. Petty will
report to Directors, Executives and Consultants on recent progress
at the company's Escala Mine joint-venture prior to releasing his
year-end Memo to Shareholders.
Since releasing his November 6, 2008 Progress Report, mine
development has resulted in the completion of an additional 225
meters of crosscut and haulage tunnels. An estimated 1,000 tons of
new mined material are currently waiting delivery for processing.
Earlier samples taken from veins intersected by these tunnels
projected mineralization of 3.0% Zinc, 2.5% Lead and 300 grams
Silver.
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 is a wholly owned
subsidiary. Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas
International S.A. Additional 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
(www.FranklinMining.com) or contact our Investor Relations firm, A.
S. Austin & Company, 702-386-5379.
Contact: Investor Relations A. S. Austin & Company
702-386-5379
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