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IRW-News: FRANKLIN MINING
Mittwoch 12. März 2008, 15:04 Uhr

 

IRW-PRESS: FRANKLIN MINING (FMNJ.PK - Nachrichten) : Franklin Mining Inc.: Erste Zusammenfassung der Evaluierung von Escala I eingetroffen; geologische und bergbautechnische Untersuchungen sind für die Woche vorgesehen, die am 17. März 2008 beginnt

 

LAS VEGAS, NV - Franklin Mining Inc. (Pink Sheets: FMNJ News; FWB: FMJ). CEO William Petty freut sich bekannt zu geben, dass Vice-President Howard Dunn seine Evaluierung von Escala I abgeschlossen hat und am Freitag, den 7. März, nach Santa Cruz, Bolivien, zurückgekehrt ist, um über die vorläufigen Ergebnisse und Evaluierungen zu sprechen.

 

Howard Dunn und ich haben vereinbart, dass wir basierend auf seinen positiven Beobachtungen hinsichtlich eines potenziellen Standortes von beträchtlichen Tonnagen an wirtschaftlichen Mineralisierungen bei unserer Konzession Escala I eine Erhöhung des Arbeitsbudgets planen, Verbesserungen des Escala-Feldes genehmigen und zusätzliche Proben von ausgegrabenem mineralisierten Material durchführen werden. Wir einigten uns auch auf neue Konzessionsabkommen bezüglich angrenzender Gebiete, die innerhalb der nächsten Wochen genehmigt werden. Der vorläufige Bericht von Howard Dunn wurde auf www.FranklinMining.com veröffentlicht; weitere Berichte über die Evaluierung der Konzession Escala I von Franklin werden folgen. Zudem werden in den nächsten zwei bis drei Wochen weitere Berichte veröffentlicht, sobald sie verfügbar sind.

 

Howard Dunn, P.E., wurde am 13. Februar 2008 zum Vice President of Operations for International Mining ernannt. Er ist ein akkreditierter Chemietechniker und besitzt ein Bachelor-of-Science-Diplom in Geologic Engineering (1985) und ein Master-of-Science-Diplom in Metallurgical Engineering (1989) von der Colorado School of Mines.

 

Über die Mine Escala: Die Bergbaukonzession Escala von COMIBOL umfasst drei separate Bergbaugebiete und erstreckt sich über 2.000 Hektar in der Provinz Sud Lipez, in der Nähe der bolivianisch-argentinischen Grenze. Franklin Mining Bolivia wurde mit dem Bergbau auf 500 Hektar innerhalb der ursprünglichen Konzession beauftragt. Die Bergbaugebiete Escala II und Escala III wurden einem anderen Unternehmen zugesprochen.

 

Die ursprüngliche Mine Escala, an der Blei, Zink, Gold und Silber abgebaut wurde, wurde während der spanischen Kolonialherrschaft errichtet. Im Jahr 2007 handelte Franklin Mining Bolivia ein Abkommen mit COMIBOL, dem nationalen Bergbauunternehmen von Bolivien, aus, um die Bergbauanlagen im Gebiet der ursprünglichen Konzession wieder in Betrieb zu nehmen.

 

Über Franklin Mining Inc.: Franklin Mining Inc. besitzt Bergbau- und Energiebeteiligungen in den Vereinigten Staaten und Bolivien sowie Energiebeteiligungen in Argentinien. Franklin Mining, Bolivia ist ein Tochterunternehmen, das sich zur Gänze in Besitz von Franklin Mining Inc. befindet.

 

Franklin Mining Inc.besitzt eine 51%-Beteiligung an Franklin Oil & Gas, Bolivia S.A. sowie an Franklin Oil & Gas, Argentina S.A.

 

Franklin CEO, William Petty, Confirms Company Commitment to Constructing Tierra de Fuego GTL Facility
LAS VEGAS, NV, Mar 18, 2008 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty has completed a five day fact-finding trip to Buenos Aires, Argentina. On his first such visit to Argentina as Franklin's CEO, Mr. Petty's trip was designed to re-establish and strengthen relationships with local and regional government authorities and reconfirm Franklin's commitment to the Province of Tierra de Fuego for construction of a GTL facility. Mr. Petty's schedule included a personal meeting with Eduardo Humberto de Andrea, Secretary, Tierra de Fuego Hydrocarbons Ministry.

This was also Mr. Petty's first opportunity as Franklin's CEO for personal meetings with representatives of the World Bank's International Finance Corporation and with Buenos Aires-based executives and managers of TECNA. Mr. Petty received assurance that the IFC also remains committed to assisting in the construction of a plant designed to address fuel shortage issues in Tierra de Fuego. Mr. Petty's TECNA meetings resulted in his receiving assurances that their proposal, originally submitted in 2007, will be reviewed, updated as necessary and re-submitted for Franklin's consideration and approval.

International Finance Corporation (IFC) is a member of the World Bank Group providing financing and consulting for private sector ventures and projects in developing countries; additional information on IFC investments and partnerships is available at www.ifc.org.

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. With thirty-five years of international oil and gas experience and a workforce totaling more than 700 professionals, TECNA has the experience and resources required to assume responsibility for every stage of Franklin's planned GTL facility in Tierra de Fuego. Additional information on TECNA is available at http://eng.tecna.com/.

About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary.

Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

 

Franklin Acquires La Paz, Bolivia Processing Plant
Franklin CEO, William Petty, Confident of Success Following Fact-Finding Trip to Buenos Aires, Argentina
LAS VEGAS, NV, Mar 19, 2008 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty returned to Santa Cruz, Bolivia before continuing on to Texas. In Santa Cruz, on Tuesday, March 18, 2008, Mr. Petty executed final documents needed for Franklin to acquire a processing plant currently operating in La Paz, Bolivia. The plant is currently configured to process 50 tons per day and is expandable to a 100 ton per day capacity. The plant will continue providing processing for local mining companies and expanded to full capacity as soon as possible.

In discussing his recently completed five day fact-finding visit to Buenos Aires, Argentina, Mr. Petty said, "I want to thank each of the executives and directors that I met with while in Buenos Aires last week. It was fortunate that Eduardo Humberto de Andrea, Tierra de Fuego's Secretary of Hydrocarbons Ministry, and I were able to coordinate our schedules and set time aside for a personal visit. I look forward to working with the Secretary and his staff in the near future."

"Meetings with Mr. Luc Grillet, IFC's Regional Head Oil & Gas, Oil, Gas, Mining and Chemicals Department were especially rewarding. Knowing of the IFC's commitment to assisting with economic and community development projects, I came away from last week's meetings totally comfortable that our Tierra de Fuego project will receive every possible consideration from Mr. Grillet and his staff," Mr. Petty said in conclusion.

Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

International Finance Corporation is a member of the World Bank Group providing financing and consultation to private sector ventures and projects in developing countries; additional information on IFC investments and partnerships is available at www.ifc.org.

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. With thirty-five years international oil and gas experience and a workforce including more than 700 professionals, TECNA has the experience and resources required to assume responsibility for every stage of Franklin's planned GTL facility in Tierra de Fuego. Additional information on TECNA is available at http://eng.tecna.com/.

About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary.

Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.

For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.

 

 

Investor Relations:
A.S. Austin & Company
1-702-386-5379
www.FranklinMining.com

 

Stockwire.com: CHAT LIVE in the only dedicated CHAT ROOM for Franklin Mining, Inc. (OTC: FMNJ) shareholders!
Mar 20, 2008 (M2 PRESSWIRE via COMTEX) -- AUSTIN, TX: March 20, 2008 - STOCKWIRE.com, one of the largest investment websites on the internet, is proud to announce the official launch of the Franklin chat room!

Visit the only LIVE CHAT ROOM on the internet dedicated to (OTC: FMNJ) shareholders, by visiting: http://www.stockwire.com

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LAS VEGAS, NV, Mar 19, 2008 - Franklin Acquires La Paz, Bolivia Processing PlantFranklin CEO, William Petty, Confident of Success Following Fact-Finding Trip to Buenos Aires, Argentina.

Franklin Mining, Inc. (OTC: FMNJ) CEO William Petty returned to Santa Cruz, Bolivia before continuing on to Texas. In Santa Cruz, on Tuesday, March 18, 2008, Mr. Petty executed final documents needed for Franklin to acquire a processing plant currently operating in La Paz, Bolivia. The plant is currently configured to process 50 tons per day and is expandable to a 100 ton per day capacity. The plant will continue providing processing for local mining companies and expanded to full capacity as soon as possible.

In discussing his recently completed five day fact-finding visit to Buenos Aires, Argentina, Mr. Petty said, "I want to thank each of the executives and directors that I met with while in Buenos Aires last week. It was fortunate that Eduardo Humberto de Andrea, Tierra de Fuego's Secretary of Hydrocarbons Ministry, and I were able to coordinate our schedules and set time aside for a personal visit. I look forward to working with the Secretary and his staff in the near future."

"Meetings with Mr. Luc Grillet, IFC's Regional Head Oil & Gas, Oil, Gas, Mining and Chemicals Department were especially rewarding. Knowing of the IFC's commitment to assisting with economic and community development projects, I came away from last week's meetings totally comfortable that our Tierra de Fuego project will receive every possible consideration from Mr. Grillet and his staff," Mr. Petty said in conclusion.

Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

International Finance Corporation is a member of the World Bank Group providing financing and consultation to private sector ventures and projects in developing countries; additional information on IFC investments and partnerships is available at www.ifc.org.

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. With thirty-five years international oil and gas experience and a workforce including more than 700 professionals, TECNA has the experience and resources required to assume responsibility for every stage of Franklin's planned GTL facility in Tierra de Fuego. Additional information on TECNA is available at http://eng.tecna.com/.

About Franklin Mining, Inc:

Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

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