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Franklin Mining - Cerro Rico * NEWS * -
Est 1864 - FMNJ - Mesa Pata Silver Vein -
Franklin Mining Announces Cerro Rico Second Vein Shows
Potential Reserves of Over 7 Million Ounces of Silver -
LAS VEGAS, NV--Jul 13, 2006 --
Franklin Mining, Inc -
(Other OTC:FMNJ.PK - News)-
is pleased to announce today the significant value -
of the Cerro Rico Second Vein.
The Cerro Rico Silver Mine -
is considered by many to be -
the world's largest Silver Mine -
The Second Vein of the Cerro Rico is called Mesa Pata.
According to the prospective reserve reports
provided to Franklin Mining by COMIBOL,
Mesa Pata is believed to contain approximately 1,041,600 tons
of ore, 208,320 kilos of silver -
and 62,496 metric tons of zinc -
roughly 7,346,196 ounces of silver -
and 137,741,184 pounds of zinc.
Franklin Mining, Bolivia -
(a subsidiary of Franklin Mining, Inc) -
recently announced its definitive joint venture with COMIBOL
(the Bolivian national mining company) on four veins
of the Cerro Rico Mine.
The combined estimated reserves for the San Miguel vein
(the first COMBIOL report received)
and the Mesa Pata vein are about -
362,320 kgs of silver -
91,704 tons of zinc -
and 9,881 tons of tin -
yielding approximately 12,776,852 ounces of silver -
202,115,616 lbs of zinc and 21,777,724 lbs of tin.
"The potential of the second vein is very promising.
The information provided to us by COMIBOL is exciting,
and we will begin to review and analyze the details
provided as well as the potential reserves for
the remaining two veins," stated Jaime Melgarejo,
President of Franklin Mining, Inc.
Metals prices this week show silver at $11.61 USD per ounce -
tin at $3.96 and zinc at $1.59 per lb.USD.
DISCLOSURES:
About Franklin Mining, Inc:
Franklin Mining currently has interests in Bolivia -
and the United States and opened a wholly owned subsidiary
in Bolivia.
Franklin Mining, Inc's Bolivian subsidiaries
include Franklin Mining, Bolivia and Franklin Oil & Gas,
Bolivia.
For information about Franklin Mining, Inc. -
visit our website:
http://franklinmining.com.
About Cerro Rico Mine:
The Cerro Rico Mine -
is considered by many to be the richest silver mine
in the world.
Rich in zinc and silver -
it has been actively mined since the 1500s
and is in operation today.
Cerro Rico is owned by Bolivia's national mining company,
COMIBOL.
About COMIBOL:
COMIBOL is the government owned mining company in Bolivia.
COMIBOL owns the Cerro Rico mines -
as well as many other properties -
and mineral rights in Bolivia.
"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.
Contact:
Contact:
Franklin Mining, Inc.
Andrew Austin
1-702-386-5379
Source: Franklin Mining, Inc.
http://www.investorshub.com/boards/quotes.asp?ticker=FMNJ
A chance to accumulate an asset at an 80% discount -
the event of the century - for a children mission -
Do not let any volatility shake You out -
the more volatility the higher it will go -
the new trend waves will often be -
162% of the previous correction -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people -
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
FMNJ - Silver Dollar Galaxy -
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
Unico Incorporated
(OTCBB:UNCN)
Jun 13, 2006 (M2 PRESSWIRE via COMTEX) --
Unico Incorporated -
(OTCBB:UNCN), is a company that a research team will
be tracking over the ensuing weeks.
They recently came out with a significant corporate
development, causing a market stir.
The BWR Research Team will continue to bring its
cutting edge research tools, and second to none
customer service.
Unico Incorporated -
which focuses on the production of ores and PM -
precious metals in the U.S., earlier this morning
announced that they have initiated independent
geological core logging and splitting verification
on samples taken from the underground diamond core
drilling program conducted at -
The Deer Trail Gold & Silver Mine in 2005.
Photographs of the core logging and splitting,
which was undertaken by consulting geologist -
Alex Scarbrough, who was assigned to the project -
by mining industry consultancy firm Behre Dolbear -
to the Deer Trail Mine project -
have been added to the Unico website at -
http://www.uncn.com
A new picture gallery that shows the core logging
and splitting work has been added to the "Media"
section at -
http://www.uncn.com/news/othermedia.asp.
Included in Mr. Scarborough's initial work at -
The Deer Trail Mine -
is the logging and splitting of the core samples,
and identification of areas of mineralization from
the Phase II underground diamond core drilling
program.
From preliminary reports, logging is now complete
on 4 holes, UDDH #1 (740 ft),
UDDH #5 (664 ft), UDDH #11 (454 ft) and
UDDH #12 (355 ft).
This is a total of 2,213 feet logged independently
thus far.
Core splitting has also been initiated simultaneously
in identified mineralized intervals on hole UDDH #1.
Areas being identified of interest to potentially
contain base and precious metal content will be sent
out for further assay analysis to ALS Chemex -
for verification.
The primary objective of the Phase II underground -
diamond core drilling program was to target known
mineralized horizons and discover new horizons of
mineralization in and around the main ore channel
of the Deer Trail Mine.
7,235 feet of drill core was taken from 13 underground
holes during the diamond core drilling phase completed
by Connors Drilling, LLC.
Behre Dolbear was contracted to perform the geological
core logging and splitting verification on the samples
before they are sent to ALS Chemex for analysis.
"We are pleased to have Behre Dolbear & Company (USA)
working now on-site conducting the geological analysis
of core taken from the Phase II drilling program
at the Deer Trail Mine,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"This valuable data will help provide the framework
to support future mining efforts and potential mineral
targets, and hopefully lead us toward a possible
reserve calculation to provide additional value to -
The Deer Trail Mine."
Earlier this week, the company announced that ALS
Chemex has agreed to conduct the independent analysis
and certification final results for the core samples
taken from the Phase II underground exploratory
drilling project at the Deer Trail Mine.
In excess of 7,000 feet of drill core was taken from
13 underground holes during the diamond core drilling
phase completed by Connors Drilling, LLC in 2005.
Preeminent mining industry consultancy firm
Behre Dolbear has been contracted to perform the
geological core logging and spitting verification
on the samples before they are sent to ALS Chemex
for analysis.
"We worked with ALS Chemex on the analysis of our
Phase I reverse circulation drill program in 2004,
and we are extremely pleased to have them on board
to analyze our assay results on Phase II as well,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"Unico strives to establish relationships with
reputable and well-regarded companies in the mining
industry, and ALS Chemex, with its reputation for
excellence in analytical services over the past three
decades, is clearly no exception.
Not only are they a trustworthy worldwide name in
the field of geochemical and mineral analysis, but
they are also known to provide one of the highest
levels of quality assurance and quality control in
the industry."
Unico Incorporated is currently trading back up
nearly 12% to $0.002, on decent volume of
over 30 million.
This company has tons if potential yet continues to
get batted around as they have not yet been able to p
rove themselves.
It will be very interesting to see the results which
ALS Chemex provides investors with from the Phase II
underground exploratory drilling project at
the Deer Trail Mine.
The ball seems to be rolling now as progress is being
made.
The BWR Research Team will continue to track the
developments surrounding Unico Incorporated -
Well UNCN has so much great Gold & Silver
mines restarting - no debt -
its trading at a very oversold/undervalue -
the great UNCN hard assets are plentiful -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to Grow -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
--
.
Franklin Mining, Inc. - FMNJ -
Gold & Silver Mines -
Back to - The Gold Standard -
Gold is selling for more than US$614 an ounce -
up from $258 in 2001 -
and this is but one of the many signs -
of a flight to Gold -
which has become a most basic economic -
worldwide important safety phenomenon.
i could yet see a return to - The Gold Standard -
by the world's fair efected people leaders.
The main cause?
The economic policies of the governments -
but this requires a bit of explanation.
Jewelry and industrial applications absorb 85% -
of new Gold supplies? -
Although production has fallen and industrial demand -
has increased -
this alone cannot explain surging prices -
because bringing new deposits on line -
would cost less than $700 an ounce of
the recent POG.
China Business Big Picture -
The big new demands in the gold market are from
exchange-traded funds.
These store bullion for investors who have lost -
confidence in the US dollar -
and may be a precursor -
to a - New Gold Standard.
In 1944, the International Monetary Fund -
established a system of fixed -
currency-exchange rates.
The US dollar was fixed to Gold -
and other currencies set to the dollar.
This system ultimately failed because -
rising production costs pushed the industrial -
price of gold above its monetary value -
and fixed exchange rates proved unsustainable.
Productivity and competitiveness advanced more -
rapidly in Japan and Germany than in -
the United Kingdom, France and the United States -
and trade imbalances caused crises for the pound,
franc and dollar.
When the pound and franc became overvalued -
those were devalued against the dollar,
yen and mark.
When the dollar became overvalued -
US president Richard Nixon ended its convertibility -
into Gold in 1972 -
and the system of fixed exchange rates -
was abandoned by the end of 1973.
Subsequently, the price of Gold - POG -
rose from $100 an ounce to a peak of $870 -
in 1980.
Over the next two decades -
central banks demonetarized - Gold.
They increasingly backed their currencies -
with US dollars -
and to a lesser extent German marks -
(then euros) and Japanese yen.
Many sold off significant portions of their - Gold.
The price of Gold POG -
fluctuated but trended to lows of -
$255 in July 1999 and $258 an ounce in April 2001.
Two things made this possible.
In the United States -
Federal Reserve chairman Paul Volcker -
whipped inflation and presidents Jimmy Carter -
and Ronald Reagan put the US economy -
on the path of deregulation.
These steps unleashed mighty waves of productivity -
and innovation, created the US prosperity -
of the past 15 years? -
and made the dollar a better -
and more stable store of value than - Gold?
In recent years, though, record budget deficits -
dysfunctional energy and environmental policies -
and a dollar overvalued against the Chinese yuan -
and other Asian currencies have created huge -
US trade deficits.
Dollars and dollar-denominated securities have -
flooded into international capital markets.
These now total $5 trillion? -
increase $700 billion each year -
and erode confidence in the dollar.
To keep the yuan from rising against the dollar -
China purchases more than $200 billion in foreign -
securities every year.
A few central banks are buying - Gold again -
and some economists are counseling -
the People's Bank of China -
the country's central bank -
to diversify its reserves from dollars into - Gold.
A significant revaluation of the dollar -
against the yuan seems inevitable -
and it will cause a wholesale adjustment -
for the dollar against other Asian currencies.
With so much of what the world consumes -
now coming from China and other Asian economies -
the dollar will be worth a lot less -
to gold miners in South Africa or Russia -
and Asian currencies would be worth more.
The Chinese yuan or South Korean won price -
of Gold would not rise? -
and might fall? -
but the US dollar price of Gold would increase -
a lot.
International investors with wealth to park -
are foolish to put it in dollars;
however, the currencies with the best prospects -
are backed by governments with poor track records -
for controlling inflation or honoring commitments -
to foreign investors.
Could you tell your mother? -
her money would be safe in Korean? -
or Chinese bonds?
If private investors continue to doubt -
the dollar and bet on Gold -
central banksters will be forced into Gold -
or closed down by the fair elcted peoples leaders -
only the Gold, Silver, Copper & Nickel - Mints -
are needed!
Investors won't trust currencies back by dollars -
and central banks would be just as foolish -
as private investors to trust -
won- or yuan-denominated bonds.
What brought the US to this pass?
The root causes, as mentioned -
are high government deficits and bad policies -
on energy and the environment, which have added -
to the country's trade deficit by exacerbating -
its dependence on foreign oil.
And on all these matters, the buck stops -
(to put it ironically) with the administration
of President Leader.
The decision not to cite China as a currency -
violator, which again showed the US president's -
refusal to address the root causes of -
the trade deficit -
will not improve matters.
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers
rob, plunder and to make slaves -
of most the people.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
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