Franklin's Expanded Pulacayo Due Diligence Is Complete
Franklin's Expanded Pulacayo Due Diligence Is Complete
Feb. 22, 2007 01:30 PM
LAS VEGAS, NV -- (MARKET WIRE) -- 02/22/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ)
President Jaime Melgarejo, Jr. confirms that the expanded analysis of
Pulcayo tailings is complete.
Tailings from the Pulacayo mine have been analyzed by The National
University of San Agustin of Arequipa, Peru, in consultation with
SERGEOTECMIN (Servicio Nacional de Geología y Técnico de Minas, Department
of Mines and Metallurgy in Oruro, Bolivia). This analysis -- previously
announced on January 18, 2007 -- was part of an expanded due diligence and
was made using a much larger sample than had been used in any earlier
analysis.
Franklin Mining, Inc. elected to expand the scope of their Pulacayo due
diligence to confirm earlier results, which had indicated that minerals
were recoverable in greater than expected quantities.
In confirming that the final analysis is complete and that results will
soon be made public, Franklin's President, Jaime Melgarejo, Jr, added that
the tests -- conducted by a highly respected University in Peru and in
cooperation with Bolivia's SERGEOTECMIN -- were made using the same
environmentally safe engineering process Franklin Mining, Bolivia, S.A.
will use in the recovery of gold and silver from the Pulacayo tailings.
Additional information on Franklin Mining, Inc.'s contract to process
tailings at Bolivia's Pulacayo mine is available at www.franklinmining.com.
Information on the National University of San Agustin of Arequipa and
SERGEOTECMIN is available at their web-sites (www.unsa.edu.pe and
www.sergeomin.gov.bo).
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and exploration interests in the United
States, Argentina and Bolivia including a wholly owned subsidiary, Franklin
Mining, Bolivia S.A, and 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.
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