LAS VEGAS, Nov. 1, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ) is pleased to announce that the Company
recently signed a Letter of Intent with Coastal Point Energy LLC, a
renewable energy company founded to design, construct, and operate
wind farms that produce electrical power for the Gulf Coast of
the United States. The agreement
encompasses the details involved with the integration of its
cutting edge wind power units at its Escala Mining
location.
Franklin Mining's Escala property is slated to be the first
mining Company in South America to
incorporate revolutionary wind generated power to provide the
required energy to run a mining operation. This shift to utilize
alternative energy resources at the Escala mine is anticipated to
give the Company a distinct advantage by way of ultimately
improving the budgetary margins to reflect a lowered operating
cost. Moreover, it will enable the Company to penetrate a niche
sector, opening doors to potential partners and clients who are
particularly interested in conducting business with others who
operate with consideration to their environmental footprint.
Coastal Point Energy LLC facilitates Turn Key Fabrication,
Construction & Installation Services to Owners and Developers
of onshore and offshore Wind Farms in U.S., Canada, & Latin
America. The Company designs and engineers wind energy
generating platforms and towers suitable for any location in
North America, Latin America, and Caribbean Region. The
Letter of intent to install the wind power generators was recently
signed, and further details regarding the agreement will be
forthcoming.
Recently the Company announced that due to an ongoing successful
Joint Venture Alliance, the Company has elected to appoint Bolser
Ltda. Bolivia to oversee the
operations at the mining properties being conducted within the
Bolivian territory.
"This agreement represents an excellent opportunity for the
Company to begin to operate on a higher level toward profitability.
Not only are we passionate about being as environmentally
responsible in our operations as we possibly can, but we highly
anticipate what this is going to mean for the reduction in
operating expenses, thus yielding a higher profit margin. We expect
the savings to be notable," stated Mr. William Petty, CEO and President of Franklin
Mining, Inc.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a
publically traded international exploration and mining company,
headquartered in Las Vegas,
Nevada, with offices in Santa
Cruz, Bolivia. The Company adheres to the highest
standards of quality and efficiency by optimizing the Company's
resources through a system which places the preservation of the
environment among the Company's top objectives. Franklin
Mining, Inc. endeavors to find value in fields in which the
projects can be explored and exploited while contributing to the
socio-economic and cultural development of its society. The Company
has developed model mining operations through safe, cost effective
and innovative technologies. Franklin Mining Inc. has purposed to
uphold a great social commitment and respect for the environment
while creating a robust value for its shareholders, employees, and
the region within which it operates. Additional information can be
found at the Company's corporate website:
www.FranklinMining.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
