Franklin Confirms Favorable Production Results for Bolivia's La
Joya Mine Joint-Venture
LAS VEGAS, Dec. 12, 2012
/PRNewswire/ -- FRANKLIN MINING, INC. (Pink
Sheets:FMNJ.pk - News) – Chairman and CEO, William Petty has confirmed initial results of
the company's La Joya joint-venture mining operation, and is
pleased to announce that they have exceeded expectation. Franklin
Mining and its Bolivian joint-venture partner, Huiracocha
International Service, SRL, previously announced that the
anticipated gold content from their La Joya operation would be in
the range of 5.0 grams per ton. A gratifying Initial result
achieved from the approximate 1,100 tons indicates gold will be
averaging a robust 6.0 grams per ton, exceeding the initial
anticipation by a substantial 20 percent.
In light of these results, Mr. Petty has stated, "I recently
visited our La Joya joint venture and was very pleased to see the
progress made these past two months. Almost all equipment is now on
site and very little remains to be done in completing improvements
and additions to the infrastructure. Our early production results
are extremely encouraging and I look forward with great
anticipation to the confirmation of resulting revenues and cash
flow in 2013's first quarter financial reports."
In conclusion, Mr. Petty also confirmed that progress has been
made at the company's Escala Mina I joint-venture with Huiracocha
International Service, SRL. COMIBOL (Corporacion Minera de
Bolivia) has confirmed their team
will visit Escala on December 11 and
12 for inspection and approval of the housing and medical
facilities recently completed. Production is expected to be
underway at the Escala mine by late January, 2013.
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.
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"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
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"Forward-looking statements" describe future expectations, plans,
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"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.
