LAS VEGAS, Sept. 20, 2012 /PRNewswire/ -- FRANKLIN
MINING, INC. (Pink Sheets: FMNJ) – is pleased to announce that
CEO and Chairman William Petty has
concluded an evaluation of the site and reports that the assessment
went better than expected. It was discovered that there is
equipment still on the property including housing infrastructure,
front end loader, a hoist and a tractor. The Company intends to
re-launch production eminently.
Franklin Mining has decided that because of the ever increasing
value of Ore, that it is supremely advantageous at this time to
execute on the opportunity to develop the Company's mining property
in Clear Creek County, Colorado.
"There has never been a better time than now," stated William Petty Chief Executive, Franklin Mining. He continues: "This property
was previously equipped for production at a time when Ore was a
fraction of the cost we see today. With the substantial investment
already placed in the construction of the Franklin Mill coupled
with the rehabilitation of the Franklin and Freighters Friend
shafts and underground workings, we continue to find that this will
be the one of its most profitable ventures that we have embarked
upon yet."
The Company has reported in past filings that the mineral
evaluations completed on the property in past have revealed the
probability of yielding strong mineral production. Particularly in
a February 19, 1998 a survey was
conducted by Steven R. Schurman, a
Certified Professional Geologist and president of MinSearch, Inc.
The official review of existing technical data relative to ore
bodies found at the Franklin Mine in February and in October, 1998,
revealed two areas of strong gold mineralization approximately
halfway between the Franklin and Freighters Friend shafts on the
900 and 976 levels of the mine. The ore grade gold mineralization
was defined by 76 samples taken at five-foot intervals along the
vein. The sampling indicates the presence of 6,200 tons of rock
containing an average of 0.91 oz/ton gold, 9.5 oz/ton silver and
substantial quantities of lead and zinc.
These results were announced on November
11, 1998 by Franklin Mining, previously traded as WCM
CAPITAL, INC. under the ticker symbol WCMC and can be found at:
http://sec.edgar-online.com/wcm-capital-inc/10qsb-quarterly-report-of-financial-condition/1998/11/25/section20.aspx
Franklin's Gem and Freighters Friend Mines are situated on the
JL Emerson fault Zone; one of the largest mineralized faults in the
Idaho Springs mining district.
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 additional information visit our website at
www.FranklinMining.com
or contact Investor Relations: (858) 537-7439,
fmnj@asaustinco.com
SOURCE Franklin Mining, Inc.
