LAS VEGAS, Jan. 27, 2009 (GLOBE NEWSWIRE) -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) is continuing tunnel development at their Bolivian Joint-Venture silver mine. Phase II development, which includes a 3 Meter x 3 Meter x 30 Meter depth shaft, is set to begin in early 2009 and expected to increase future daily production approximately 100%.
Laboratory analysis of a 6,580 kilo shipment of concentrate from the Escala's Phase I tunnels indicates 77.16 troy ounces of Silver per ton. Phase I's current tunneling is nearly fully complete to its initial planned depth of 30 meters. Applying typical reserves calculations to the Escala's 2 Meter wide, 1.5 Km long mineralized vein structure, the approximate in situ reserves are 9,000,000 tons at the present 30 meter depth.
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Additional information is available at www.FranklinMining.com.
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.