LAS VEGAS, Feb. 3, 2009 (GLOBE NEWSWIRE) -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) Chairman and CEO William Petty has arrived in Santa Cruz, Bolivia as the Escala Mine expands operations to include gold.
"With the Escala's silver recovery underway, Franklin management is now focused on expanding operations to include gold," said Mr. Petty. "Equipment and technologies available today will allow us to quickly and efficiently expand our operation to recover the 20,000 to 30,000 ounces near the Cerro Blanco Dome area of our consignment."
The initial discovery of gold near the Cerro Blanco Dome was made in early-1993 after diamond drilling confirmed that gold mineralization was strongly zoned and contained significant sections above 1.0 grams per ton. The average of 60% of all samples was 0.51 grams per ton; the average of the remaining 40% was 1.16 grams per ton. At the highest end of the range of all assay results, there were a few as high as 2.8 and 3.9 grams per ton.
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.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.