Franklin Releases Assessment of Escala Joint-Venture's Mineralogical Potential
March 05 2009 - 10:50AM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman
and CEO, William Petty, has released a preliminary evaluation of
mineralogical potential for the Escala Mine joint-venture. The
report has been posted at www.FranklinMining.com.
Before releasing today's report, Mr. Petty said, "With
production about to begin at the Escala, it is time to release our
documentation on probable reserves. May 2008's assessment has been
the justification of Franklin's investment in moving the Escala to
Stage II. The next level of laboratory reports will provide the
'bankable analysis' required for further capitalization -- those
reports will be released as soon as received and reviewed."
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. 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 www.FranklinMining.com
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