Franklin Mining Continues to Expand Bolivian Production Capacity at
Joint-Venture Mining Operation
LAS VEGAS, Jan. 22, 2013 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ) – CEO William
Petty is pleased to announce the Company has committed to
substantial further developments including enhancements to
facilitate increased daily capacity of the joint-venture's recently
completed 80 ton per day processing plant.
It is anticipated that once completed the expansion will
increase processing capability to 100 tons per day; an impressive
20 percent increase from the original processing capability. Based
on recent daily reports, Franklin anticipates achieving future
daily processing of as much as 6 grams per ton of Ore.
It is expected that Mr. Petty will also participate in a full
review of recently received plans for construction of a second
processing plant rated at 550 ton per day.
"Developments are beginning to escalate quickly," stated Mr.
William Petty, Chief Executive
officer of Franklin Mining, Inc. He continued: "Upon return from
Bolivia we expect to announce
substantial and lucrative improvements which we expect will prepare
the way for a quarter which thus far has continually been exceeding
expectation."
The Company had 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
publicly 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.
