Franklin Mining Evaluates Gold Market in Anticipation of La Joya
Joint-Venture's Production Revenues, First-Quarter 2013
LAS VEGAS, Dec. 13, 2012 /PRNewswire/ -- FRANKLIN
MINING, INC. (Pink Sheets:FMNJ.pk - News) – is pleased to
announce that the Company has entered into the finalization of the
Company's highly anticipated first quarter production revenues.
"We are in the right market at the right time," stated Mr.
William Petty, Chief Executive
officer of Franklin Mining, Inc. He continued: "The gold industry
is extremely lucrative in this day in age, and appears to have a
solid future, according to leading economists; yielding Franklin
and our investors a truly exciting and advantageous
opportunity."
The Surge in demand in the Gold market is evidently exploding on
a worldwide basis as investors' increasingly take flight to the
safe haven of Gold and other precious metal investments, as they
endeavor to protect their reserves through safer means than the
faltering system of fiat based investments.
Over the past decade gold has experienced an unprecedented
incline in value. Contending fiercely with the top movers of the
past decade, gold has risen in value from within the range of
$250 per ounce in early 2000 to in
the range of $1700 as of the last
quarter of this year, soaring upward near the range of a 700%
increase.
Mr. William Petty has confirmed
that a Pilot Processing plant has been built and will be in full
operation by January, 2013. The Plant in Operation will be
processing 80 tons a day, yielding 480 grams of Gold anticipated
90% recovery rate at an average of 6 grams per ton. The Company
anticipates that the earnings will be reflected in the first
quarter.
The Company has recently announced that the initial results of
La Joya's joint-venture mining operation have exceeded the initial
expectation which were anticipated to yield within the range of 5.0
grams per ton. The initial results acquired, from the approximate
1,100 tons evaluated, indicates that the gold content present will
be a substantial 20 percent higher, at an impressive 6.0 grams per
ton.
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.
