Franklin to Operate San Antonio de Turiri
March 24 2009 - 10:00AM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman,
CEO and President William Petty announces he has accepted the terms
and will sign an operating agreement for Bolivia's San Antonio de
Turiri Antimony mine. With current gross revenue approaching $2,300
per tonne, antimony from the Turiri mine is expected to begin
generating significant cash flow to Franklin in approximately 90
days.
Bolivia produces approximately 3.5% of the world's annual need
for antimony, a metalloid primarily used as a hardener in lead for
storage batteries with other industrial applications including
pharmaceuticals and electronics. Antimony compounds are used in
manufacturing flame-retardants, paints, enamels, glass and other
industrial and consumer products.
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. 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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