Franklin Resumes Phase I Operations at Bolivia's Escala Mine Joint-Venture
April 28 2009 - 7:45AM
Marketwired
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO
William Petty is pleased to announce the company has received
funding necessary to resume operations at the Escala Mine effective
May 1, 2009.
Phase I operations at Franklin's Escala Mine joint-venture are
set to be underway at the end of this week including the delivery
of stockpiled ore for processing at nearby plants. Revenues
recorded in 2009's first quarter will be minimal; however, the
processing of stockpiled material will result in revenue being
recorded in 2009's second quarter.
Franklin's first three tonne shipment from the Turiri mine has
been prepared and is awaiting shipment. "As I said before, the
response to our Turiri announcement has been positive. We have
received inquiries wanting to purchase antimony and are excited by
this new opportunity," said Mr. Petty.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining
interests in the United States and Bolivia. Additional information
is available at www.FranklinMining.com.
About The Escala Mine: A 2,000 hectare compound owned by
COMIBOL, the Escala Mine is located in the Sud Lipez Province near
Bolivia's border with Argentina. Escala was established during the
Spanish colonial period and has, intermittently, been mined for
lead, zinc, gold and silver. In September 2007, Franklin Mining,
Bolivia was awarded an agreement with COMIBOL to resume mining
operations.
Corporaci�n Minera de Bolivia, often known as COMIBOL, is the
National Mining Company of Bolivia.
About The Turiri Antimony Mine: Privately owned and continuously
operated for almost five decades, the San Antonio de Turiri mine is
part of Bolivia's primary antimony belt. In recent years, Bolivia
has produced an estimated 3.5% of the world's annual antimony
consumption.
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
Department, 210-525-1267.
Contact: Investor Relations Department 210-525-1267
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