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Escala I Technical Evaluation, Internal Report -
at -
http://www.franklinmining.com/home.html
The Franklin Mining Escala neighbour property -
ex..
the Escala orebody is a very large orebody with a number
of mineralized targets -
The property has 23 holes drilled by AUSTPAC Gold -
totaling 2,612 meters -
A second round of drilling of 14 holes added another 1,517
meters -
This orebody has also been a property of interest -
since colonial days -
It hosts several very large stockwork deposits -
worthy of significant attention -
The property is polymetallic, however, it also appears
to host a porphyry copper deposit underlying -
the polymetallic stockworks -
It also hosts a gold anomaly containing approximately
30,000 ounces at reasonable grade -
The Escala property has extremely good potential -
but work to date has been more of the geo-chemical nature
and has identified several interesting targets -
APMI plans 8,000 meters of drilling on the property in 2007 -
They also have pick up the Karachipampa Lead/Silver Smelter Project -
The Karachipampa Lead/Silver Smelter is located in Potosi, Bolivia -
It was constructed during the period 1985 thru 1988 -
by Corporacion Minera de Bolivia (COMIBOL) and was never -
fired due to a lack of lead concentrate production -
in Bolivia -
A total of $180 million have been expended on the facility
to date by COMIBOL -
The plant has been on care and maintenance since completion
and is in ‘new condition’ -
It was designed and constructed by Klockner -
a German engineering and construction firm -
with design based on state-of-the-art Russian -
Kivcet technology -
This technology is in common use around the world with
two of the most important users being
the Cominco Trail Smelter in British Columbia
and the Glencore Porto Vesme Smelter
on the island of Sardenia, Italy.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33465020
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33469520
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33439498
God Bless
prisoner thanks for good Ag info -
--
Silvers huge net short postion:
From past experience another move up could be very soon!
imo
Prisoner
--
Ex....
Franklin Mining, Inc. formed a wholly-owned subsidiary, Franklin Mining, Bolivia, S.A, in 2004
The Importance of Franklin Mining, Bolivia, S.A’s
Investment in Bolivia’s Mining Industry
The Cerro Rico de Potosi is universally regarded as
the world’s largest and most productive silver mine.
The modern technologies Franklin Mining, Inc. is prepared
to introduce to its Cerro Rico operations are designed
to significantly increase the volume of silver and all
other minerals that can be exploited.
Under a separate COMIBOL agreement, Franklin is preparing
the Original Escala Mine for its return to full productivity.
The Escala is Bolivia’s second largest mine historic mine.
Franklin’s commitment to multiple Potosi area Cooperativas
is to make every effort possible to increase worker
productivity as well as work to increase worker safety
and security.
Increased worker productivity will result in increased
family earnings within each community and further
increase economic growth and development throughout
the area.
http://tinyurl.com/288dkw
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God Bless
Cerro Rico, San Bartolome Silver Mine, Potosi -
Ex....
The Silver Mine started production early in 2008
and has been on a steep ramp up curve -
The project advised around one month ago that daily silver
production had steadily increased up to a
level of 15,000 ounces per day,
which was expected to result in
approximately 500,000 ounces of silver production
during the month of September -
Through the end of August, San Bartolome Silver Mine -
produced approximately 390,000 ounces of silver year-to-date -
The operation expects to achieve full capacity in the fourth quarter -
For the year, est. the mine will produce 3.2 million ounces
of silver and that it will achieve its 2009 production
est. of approximately 9 million silver ounces -
Ex....
San Bartolomé Silver Mining Project -
* It will produce positive environmental impacts by cleaning
an important amount of contaminating material
from around the Cerro Rico -
With a good example,
the Project intends to support modern hi-tech new art rational mining,
following industrial security and environmental norms -
The Project will produce the following amount of jobs (approx.) in Potosí:
* 400 good quality direct jobs -
* 1,200 indirect jobs related to goods and services -
* Hundreds of jobs related to silver handcrafting and tourism
thanks to the FUNDESPO
(Sustainable Development Foundation of Potosí)
Many families in Potosi will benefit from good
and decent jobs -
* The Project will invest over $100 million in Potosí
in a period of a year and a half -
* During the Project’s life, $4 to $6 million will be
invested in goods and services each year in Potosí -
* San Bartolomé will contribute to the reactivation
of the local economy by incrementing the economic
activities of the city during the Project’s life -
Commerce, Industry, Mining, Construction,
Transportation, Tourism, and others will benefit -
* The Project will strengthen Potosí institutions,
such as AAPOS, and others -
Income -
* $17 million in Mining Complementing Taxes for Potosí -
* $60 million in national taxes -
* $12 million for COMIBOL -
* $8 million for the Mining Cooperatives -
* Est. numbers -
* The Project will eliminate an important amount of
contaminating material from the surface and surroundings
of the Cerro Rico (pallacos, desmontes, colas, and Plahipo piles) -
These contaminants generate acid water, which contains
arsenic, antimony, cadmium, lead, and others -
These affect Potosinians’ health -
* San Bartolomé will eliminate the risk of a mudslide,
from the pallaco of the Sucumayu (Devil’s) gully,
to city homes -
FMNJ La Cerro Rico ore veins -
http://investorshub.advfn.com/boards/board.aspx?board_id=5406
http://investorshub.advfn.com/boards/board.aspx?board_id=2957
http://www.franklinmining.com/aboutfranklin/ourhistory.html
the Mission - 888children -
http://www.888c.com/
God Bless America
Nice plant we got in La Cerro Rico, Potosi -
basic to clean up the waste first -
to open up -
the Mother - to more than 800 adits into -
La Cerro Rico -
to get the air vents working again -
autom. air conditions for -
FMNJ La Cerro Rico ore veins -
http://investorshub.advfn.com/boards/board.aspx?board_id=5406
http://investorshub.advfn.com/boards/board.aspx?board_id=2957
the Mission - 888children -
http://www.888c.com/
God Bless America
CDN ZINC CORP COM NPV(Toronto: CZN.TO)fiat$0.2450
Trade Time: Oct 31
Change: Up 0.0050 (2.08%)
Prev Close: 0.24
Open: 0.245
Bid: 0.2450
Ask: 0.2500
1y Target Est: N/A
Day's Range: 0.2400 - 0.2500
52wk Range: 0.16 - 0.89
Volume: 124,800
God Bless
Sector Snap: Silver
Associated Press 09.17.08, 3:37 PM ET
WASHINGTON -
Shares of silver mining companies were a bright spot Wednesday as investors sought refuge from the broader market free-fall.
The Dow dropped more than 300 points as anxieties over the financial system rippled through the U.S. market after the government agreed to bail out American International Group Inc. (nyse: AIG - news - people ), the world's largest insurer. Prices for silver, gold and other safe-haven commodities, jumped as investors pulled money out of equities and put it into less volatile assets.
The price for silver on the Comex division of the New York Mercantile Exchange soared $1.158 cents to settle at $11.675 per ounce in afternoon trading.
Silver Standard Resources Inc. (nasdaq: SSRI - news - people ) and Coeur d'Alene Mines (nyse: CDE - news - people ) Corp. led the run-up with each gaining 25 percent and 20 percent, respectively.
Shares of Silver Standard Resources gained $3.40, or 22.6 percent, to $18.44 in late afternoon trading, while Coeur d'Alene shares advanced 30 cents, or 20 percent to $1.73.
Other silver miners including Silver Wheaton Corp. (nyse: SLW - news - people ) added $1, or 11.9 percent, to $9.41, just as Pan American Silver Corp. (nasdaq: PAAS - news - people ) gained $2.86, or 14 percent, to $23.01.
Hecla Mining Co. (nyse: HL - news - people ) picked up 46 cents, or 10 percent, to $4.99.
God Bless
Canadian Zinc Corporation: Memorandum of Understanding Signed With Parks Canada -
Thursday July 31, 7:30 am ET
http://biz.yahoo.com/ccn/080731/200807310477093001.html?.v=1
http://www.canadianzinc.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2008) -
Canadian Zinc Corporation -
(TSX:CZN - News; OTCBB:CZICF - News; the "Company" or "Canadian Zinc") is pleased to report that Canadian Zinc and the Parks Canada Agency have entered into a Memorandum of Understanding ("MOU") with regard to the expansion of the Nahanni National Park Reserve and the development of the Prairie Creek Mine.
In the MOU:
- Parks Canada and Canadian Zinc agree to work collaboratively, within their respective areas of responsibility, authority and jurisdiction, to achieve their respective goals of an expanded Nahanni National Park Reserve and an operating Prairie Creek Mine.
- Parks Canada recognizes and respects the right of Canadian Zinc to develop the Prairie Creek Mine and will manage the expansion of Nahanni National Park Reserve so that the expansion does not in its own right negatively affect development of, or reasonable access to and from, the Prairie Creek Mine.
- Canadian Zinc accepts and supports the proposed expansion of the Nahanni National Park Reserve and will manage the development of the Prairie Creek Mine so the mine does not, in its own right, negatively affect the expansion of the Nahanni Park.
The Parties agree to make every reasonable effort to address issues of common interest and build a strong working relationship, including convening a Technical Team which will better identify, define and consider issues of common interest, including, among other things, access to and from the Prairie Creek Mine through the proposed expanded Park and the park boundaries around the Prairie Creek Mine properties.
The Parties have also agreed to share with one another and the Technical Team any existing technical and scientific information relevant to a discussion and analysis of issues of common interest to the Parties.
The MOU, which is valid for three years is intended to cover the period up to the development of the Prairie Creek Mine (Phase I) and may be amended or renewed as agreed by the Parties and may be terminated by either party on not less than three months written notice. It is contemplated that the Phase I MOU will be replaced by a further MOU (Phase II) which will address the operation of the mine and the expanded Park.
The MOU is an expression of the mutual intentions of the parties and is not legally binding or enforceable. The MOU does not create any new powers or duties or alter or affect any rights, powers or duties established by law, including by the Parks Canada Agency Act and the Canada National Parks Act, or result in the Parties relinquishing any right, jurisdiction, power, privilege, prerogative or immunity.
To the extent that the Prairie Creek Mine is subject to regulatory or government processes, including hearings, Parks Canada reserves the right, while recognizing the intent of the MOU, to participate in any such process and take such positions as it sees fit and the MOU does not constrain Parks Canada from doing so, subject only to the understanding that Parks Canada has agreed not to object to or oppose, in principle, the development of the Prairie Creek Mine.
"We are pleased to have signed this cooperation agreement with Parks Canada which will facilitate both parties achieving our mutual objectives." said John F. Kearney, Chairman of Canadian Zinc Corporation.
"The exclusion of the Prairie Creek Mine from the proposed Nahanni National Park expansion area has brought clarity to the land use policy objectives for the region. Canadian Zinc believes that the Prairie Creek Mine and the expanded Nahanni National Park Reserve can co-exist and that, properly planned and managed, the expanded Park will not interfere with the operation of the Prairie Creek Mine and similarly that the operation of the mine will not adversely impact upon the Park or its ecological integrity," Mr. Kearney added.
Nahanni Park Expansion:
The Prairie Creek Mine is located in the Mackenzie Mountains of the Northwest Territories, within the watershed of the South Nahanni River and in proximity to but outside the Nahanni National Park Reserve.
In August 2007 the Prime Minister of Canada visited Fort Simpson to announce the proposed expansion of Nahanni National Park Reserve. The Prime Minister announced that the Government of Canada had approved an Order in Council (PC-2007-1202 July 31, 2007), withdrawing certain lands for the proposed park expansion. The surface lands surrounding the Prairie Creek mine, containing approximately 367 square kilometres, are specifically excluded and exempted from the interim land withdrawal.
Canadian Zinc has been assured by the Government of Canada and by Parks Canada that the final boundaries of the expanded park will not include the Prairie Creek Mine site nor preclude road access to the Prairie Creek mine and that in the proposed expansion of the Nahanni National Park Reserve, the existing mining and access rights of Canadian Zinc to the Prairie Creek mine will be respected and protected.
About Canadian Zinc:
Canadian Zinc's 100% owned Prairie Creek (lead/zinc/silver) Project, located in the Northwest Territories, includes a partially developed underground mine with an existing 1,000 ton per day mill and related infrastructure and equipment. The Prairie Creek Property hosts a major mineral deposit with a Measured and Indicated mineral resource in the Vein and Stratabound deposits of 5.2 million tonnes grading 11.4% Zn, 10.9% Pb, 176 g/t Ag and 0.3% Cu along with an open ended Inferred resource of 5.5 million tonnes of 13.5% Zn, 11.4% Pb, 215 g/t Ag and 0.5% Cu. (Technical Report NI 43-101 - David M. Stone, Minefill Services, Inc., Qualified Person, October 2007 filed on SEDAR).
Cautionary Statement - Forward Looking Information
This press release contains certain forward-looking information. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the issue of permits, the size and quality of the company's mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Contact:
John F. Kearney
Canadian Zinc Corporation
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
Alan B. Taylor
Canadian Zinc Corporation
VP Exploration & Chief Operating Officer
(604) 688-2001 or Toll Free: 1-866-688-2001
(604) 688-2043 (FAX)
Email: invest@canadianzinc.com
Website: www.canadianzinc.com
Source: Canadian Zinc Corporation
U.S. Silver Reports June Silver Production Up 37% Over 1st Quarter
Monday July 28, 10:53 am ET
TORONTO, ONTARIO--(MARKET WIRE)--Jul 28, 2008 --
U.S. Silver Corporation -
(CDNX:USA.V - News) ("U.S. Silver" or the "Company") -
is pleased to announce that June silver production was 161,000 ounces which is 37% higher than average monthly production in the 1st quarter 2008 and 61% higher than the average monthly production from 2007. This is an annualized rate of approximately 1.93 million ounces.
Production Rates
The mine averaged 879 tons per day in June, an increase of 260% compared to the 2007 average of 338 tons per day and a 198% increase as compared to 1st quarter 2008 numbers. June's production of 161,000 ounces of silver is the highest monthly production since U.S. Silver acquired the Galena Mine Complex. The mine also produced an additional 33,400 ounces of silver equivalents in the form of lead and copper by-products. Management continues to anticipate silver production levels will increase to over 250,000 ounces of silver per month by the end of 2008.
In the short term, management expects production in July to be similar to the relatively higher levels of May and June. Plans are for production to increase further in the 4th quarter as new production from the 5200 level silver-lead zone begins, and increases from other levels continue.
To view the graph accompanying this release please click the following URL: http://media3.marketwire.com/docs/U.S.%20Silver%20Graph.pdf
The costs at the Galena Mine during June remained in the $12.50 per ounce of silver. Management believes that costs will decline, particularly in the 4th quarter 2008, as the fixed costs of both mining and milling are spread over greater silver production and as grades in both ore types increase as ore production moves from development into regular production where dilution levels will shrink.
Lead Hedges
During the past month, the Company unwound some of its hedges involving lead that had been put in place during the 4th quarter 2007. Originally, the company had contracted to sell over 6 million pounds of lead during 2008 at an average price of over US $1.55 per pound. The Company unwound approximately 4 million pounds of lead hedges by late June 2008 at an average price of approximately US $0.75 per pound. The gain on these transactions will be booked over the remainder of 2008 in the respective months of the original maturity of each contract closed. Remaining lead hedge contracts run from December 2008 through May 2009. As lead production forecasts are refined, additional lead forward sales may be executed. As always, the Company remains totally unhedged with respect to silver production.
U.S. Silver Corp. remains debt free and has cash and investments of over $16 million.
QUALIFIED PERSON
Information of a technical nature in this press release respecting the properties has been prepared and reviewed by Mr. Daniel H. Hussey, Manager of Exploration for U.S. Silver who supervised the drilling and sampling programs, and resource estimation. Mr. Hussey is a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly-owned subsidiaries, owns and operates the Galena, Coeur, and Caladay silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver producer in U.S. history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on expanding its production from existing operations as well as exploring its extensive Silver Valley holdings.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
U.S. Silver Corporation
Bruce Reid
Chief Executive Officer
(416) 848-0858
U.S. Silver Corporation
Vance Loeber
Investor Relations
(604) 805-3530
Website: http://www.us-silver.com
Source: U.S. Silver Corporation
Before getting into this missive, I would like to state that other silver commentators make a very strong case for silver being a metal that does well in good, prosperous times.
I absolutely agree. If the world at large were gaining in real wealth and the economy were humming along, we all might be purchasing flat screen TV’s and using even more silver than we do today. Bottom line, silver does not need bad times to do well.
However, I am experienced enough to know two people can look at exactly the same thing and see it differently.
This is what makes the world go round—an exchange of ideas.
In fact, I am on record as stating there is nothing more important in a true free market than the free exchange of ideas.
My worldview is that silver plays a role in the best of times and in the worst of times. Right now there is a huge shift of wealth; wealth is being created in the East and wealth is being diminished in the West. It is and has been my very studied opinion that wealth cannot be printed, and therefore the role of gold and silver at this point in time comes mainly as a means to protect or build wealth.
Fannie Mae (FNM) and Freddie Mac (FNM) were on the verge of collapse, only to be saved by the full faith and credit of the United States. But in reality the Fed did not save them, YOU did. If you are a U.S. citizen, the bailout has your name on it and you don’t even know it, do you?
When a financial institution, bank, broker, hedge fund (Long Term Capital Management) gets bailed out, it is the taxpayer that ultimately pays for it. The Fed “loans” money to the failing institution and rewards mismanagement, but the loan is paid for by collecting taxes from you! How often has your friendly banker asked you to bail out others that have made poor business decisions? The answer is, plenty of times, but those who read the mainstream press never get a clue that the full faith and credit of the United States means simply, the ability of the federal government to tax its citizens. It is just that simple!
The U.S. government is coming to the rescue (through you), but is this “too little, too late”? All of this fear is also being fanned, thanks to statements by Federal Reserve Chairman Bernanke, who told Congress the U.S. economy is faced with "numerous difficulties," such as strains in financial markets, a shaky job market, and ongoing weakness in the housing market. These difficulties are persisting, despite the Fed’s massive interest rate cuts and expanded lending efforts over the past year. Will the Federal Reserve and Treasury be able to save the country from suffering a massive financial collapse?
It depends. It depends upon what you consider a financial collapse, and I tend to look at it from a very realistic point of view. On a case-by-case basis. If you had your entire retirement account with Enron, then you have had a financial collapse. If you are an autoworker for General Motors, then you may be feeling a bit unsure of your future.
The only real way to gain an idea of whether this latest move by the Treasury and the Federal Reserve is going to help is by objectively asking yourself what currency has survived the test of time. The answer is NONE; no piece of (government backed) paper has ever stood the test of time.
However, fear not, because two commodities have stood the test of time and they are gold and silver. These metals have a 5,000-year track record of preserving wealth and at certain times enhancing wealth. You see both of these monetary metals stand outside the entire financial system and yet are money in and of themselves. They are immune to bank or brokerage failure, poor management, or even government intervention. That is the beauty of owning an asset outside the financial system: you have the peace of mind that some of your savings is safe no matter what happens.
Do Even Greater Troubles Lie Ahead?
Thomas Jefferson offered these words at the founding of our country, “Banking establishments are more dangerous than standing armies.” The next few months may prove to be very difficult if the financial crisis spreads throughout the world.
The big “IF” is, if perhaps the worst is behind us, the system will continue and the past errors made by leading financial institutions will be resolved. Certainly, if you are objective, this is a “possibility” but in my view a very remote one. The problem is that if things deteriorate slowly, more people will not wake up in time to really take action.
Which action? The act of buying a metal that reflects the light of truth in good times and bad—SILVER.
July 22, 2008
by David Morgan
God Bless America
Prairie Creek Permitting Update -
Tuesday July 22, 6:00 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 22, 2008) -
Canadian Zinc Corporation -
(TSX:CZN - News; OTCBB:CZICF - News; the "Company" or "Canadian Zinc") is pleased to announce that it has received a number of approvals to enable continued activities aimed at preparing infrastructure and road access at the Prairie Creek Mine to take place in order to continue advances towards operations.
Roadwork Authorization:
The Company recently received additional authorizations and permits required to proceed with rehabilitation of the winter road immediately to the north of the Prairie Creek Mine. Final authorization from Fisheries and Oceans Canada was issued July 15, 2008, to permit work to proceed adjacent to the Prairie and Funeral creeks. This authorization, coupled with a Class "B" Water Licence issued March 20, 2008, by the Mackenzie Valley Land and Water Board ("MVLWB" or "Board"), and a Quarry Permit, issued February 28, 2008, from Indian and Northern Affairs Canada, will allow the commencement of rehabilitation work on the winter road. Construction crews are being mobilized and work is expected to commence before the end of July.
The existing road, which connects the Prairie Creek Mine with the Liard Highway is approximately 175 kilometres long. The road was first constructed in 1980 and was previously used to transport more than 800 loads of equipment, material and fuel to the Prairie Creek site. Under a Land Use Permit dated April 10, 2007, issued by the MVLWB, the Company was granted a permit to use the road in the winter months for a period of five years until April 10, 2012.
The Company plans to use the rehabilitated road to transport fuel and other necessary supplies to the Prairie Creek Mine site and, upon commencement of operations, to transport the zinc and lead concentrates from the mine site to the rail head.
Applications for Operating Permits:
On May 28, 2008, Canadian Zinc applied to the MVLWB for Land Use Permits and a Class "A" Water Licence to permit the operation of the Prairie Creek Mine (refer to news release dated June 11, 2008). The Company has subsequently responded to a number of requests for additional information from the Board. On July 14, 2008, the MVLWB advised the Company that all applications have now been deemed complete and that the Board is proceeding to the next stage of the regulatory process.
Canadian Zinc's applications for a Type "A" Water Licence and Type "A" Land Use Permit ("LUP") for the operation of the Prairie Creek Mine utilizes the extensive existing infrastructure and facilities that were built in the 1980's, which will be upgraded and enhanced to meet current-day environmental standards. The improvements proposed for specific site facilities will further mitigate any potential impact the Project may have on the environment.
Background:
The Prairie Creek Mine ("Mine" or "Site") is 100% owned by Canadian Zinc Corporation, and is situated in the southern Mackenzie Mountains of the Northwest Territories. The Site presently contains significant infrastructure and facilities constructed in the early 1980's. The Mine received a Water Licence (#N3L3-0932) and Land Use Permit (N80F248) in 1980 for mine operation and the production of lead and zinc concentrates and a silver-bearing copper concentrate. The Mine was within three months from production when the then owner was placed into receivership as a result of the decline in the price of silver.
Cautionary Statement - Forward Looking Information
This press release contains certain forward-looking information. This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the issue of permits, the size and quality of the company's mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company does not currently hold a permit for the operation of the Prairie Creek Mine. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Contact:
John F. Kearney
Canadian Zinc Corporation
Chairman
(416) 362-6686
(416) 368-5344 (FAX)
Alan B. Taylor
Canadian Zinc Corporation
VP Exploration & Chief Operating Officer
(604) 688-2001 or Toll Free: 1-866-688-2001
(604) 688-2043 (FAX)
Email: invest@canadianzinc.com
Website: http://www.canadianzinc.com
Source: Canadian Zinc Corporation
Soros should make a deal with "FMNJ Cerro Rico holdings" before CDE
become the JV-partner? -
FMNJ - Mission -
http://investorshub.advfn.com/boards/board.aspx?board_id=5406
http://biz.yahoo.com/indie/080710/1300_id.html?.v=1
imo. tia.
God Bless America
U.S. Silver Corporation Files New NI 43-101 Technical Report on the Galena Mine
Date : 06/27/2008 @ 6:57PM
Source : MarketWire
Stock : U.S. Silver Corporation (USA)
Quote : 0.39 -0.02 (-4.88%) @ 3:52PM
U.S. Silver Corporation Files New NI 43-101 Technical Report on the Galena Mine
TORONTO, ONTARIO ("U.S. Silver" or the "Company"), is pleased to announce the filing of its updated 43-101 technical report on SEDAR entitled "Galena Mine, Shoshone County, Idaho, Technical Report, June 26, 2008" (the "Technical Report") on SEDAR. The Technical Report follows U.S. Silver's May 12, 2008, press release announcing new estimates for reserves and resources at the Galena Mine as at December 31, 2007. The Technical Report was authored by Daniel H. Hussey, Certified Professional Geologist and Chief Geologist of U.S. Silver-Idaho, Inc. (a wholly-owned subsidiary of United States Silver, Inc., U.S. Silver's wholly-owned subsidiary) and can viewed under U.S. Silver's profile online at www.sedar.com.
Highlights Include
- Proven and probable reserves at its Galena Mine complex near Wallace, Idaho increased to 17,449,400 ounces of silver contained in 981,100 tons of ore at an average grade of 17.79 ounces of silver per ton (oz/t). This represents a 15 percent increase in ounces of silver and a 22 percent increase in tons from the previous technical report on the Galena Mine dated June 4, 2007.
- The proven and probable reserve, silver ounces increased in one year by 60 percent over the December 31, 2006 estimate of 444,003 tons at a grade of 24.5 ounces per ton containing 10,878,797.
-------------------------------------------- Ag Tons Grade Contained % Cu Contained Copper-Silver Ore (oz/t) Ounces Cu Tons -------------------------------------------------------------------------- Proven & Probable Reserves 702,200 21.19 14,878,100 0.68% 4,790 -------------------------------------------- Measured & Indicated Resources 715,900 14.73 10,545,100 0.49% 3,500 -------------------------------------------- Inferred Resource 640,300 18.38 11,765,900 0.57% 3,650 --------------------------------------------------------------------------
-------------------------------------------- Ag Tons Grade Contained % Pb Contained Lead-Silver Ore (oz/t) Ounces Pb Tons -------------------------------------------------------------------------- Proven & Probable Reserves 278,900 9.22 2,571,300 9.85% 27,460 -------------------------------------------- Measured & Indicated Resources 215,600 9.30 2,005,700 9.43% 20,330 -------------------------------------------- Inferred Resource 873,800 7.18 6,275,100 7.72% 67,460 --------------------------------------------------------------------------
The silver-lead portion of the reserve estimate now represents 28 percent of the total reserve tons. Silver ounces contained in silver-lead ore increased by 87 percent, with a 79 percent increase in contained tons of lead. The total reserve tons of silver-lead material increased by 126 percent. Ounces of silver contained in the silver-copper reserve increased by 8 percent over the April 2007 reserve.
The increase in reserves is a result of an exploration and development program undertaken by U.S. Silver since acquiring ownership and operation of the Galena mine in June 2006. During 2007, management placed an increased emphasis on development and diamond drilling of the known silver-lead zones that exist at the Galena mine. Recent exploration demonstrated that the silver-lead zone may be potentially larger than originally indicated. While exploration and development of silver-copper ore continues on a par with silver-lead development, the Company expects the silver-lead resource to grow at an increased rate in the near term. The silver-lead ore is being processed at the Coeur mill while silver-copper ore continues to be processed at the Galena mill.
Reserve and resource grades are based on mine chip and diamond drilling samples. All samples are obtained and assays are reported under a formal quality assurance program.
Mark Hartmann, President and Chief Operating Officer of U.S. Silver, stated, "we are pleased with the effort our work force made during 2007 in exploring and developing new areas for production, that allowed the Company to report an increase in ore reserves, particularly for silver-lead ore. We have made significant improvements since taking over the Galena Mine complex and are excited about the many opportunities ahead of us."
Information of a technical nature in this press release respecting the properties has been prepared and reviewed by Mr. Daniel H. Hussey, Chief Geologist of U. S. Silver, who supervised the drilling and sampling programs, and resource estimation. Mr. Hussey is a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.
ABOUT U.S. SILVER CORPORATION
U.S. Silver, through its wholly-owned subsidiaries, owns and operates the Galena, Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho, with the Galena mine being the second most prolific silver mine in US history. Total silver production from U.S. Silver's mining complex has exceeded 210 million ounces of silver production since 1953. U.S. Silver controls a land package now totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District. U.S. Silver is focused on the production and exploration from existing operations as well as exploring and developing its extensive Silver Valley holdings in the Coeur D'Alene Mining District.
Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
U.S. Silver Corporation
Bruce Reid
Chief Executive Officer
(416) 848-0858
U.S. Silver Corporation
Vance Loeber
Investor Relations
(604) 805-3530
Website: www.us-silver.com
http://investorshub.advfn.com/boards/board.aspx?board_id=9774
Featured Company: Franklin Mining, Inc. -
Ticker: FMNJ
Interviewee: William Petty Chairman & CEO -
Back to Full Show -
http://tv.wallst.net/3-min-press/3-min-press.php?episode=127&part=592
Bill looking happy and confident -
God Bless America
The Ag mine in Potosi -
with more than 6 million ounces -
of planned silver production this year -
but more than that -
it is a testament to the successful -
cooperation that is possible in the development -
of a resource, which benefits all -
the Potosi old Ag waste piles clean up -
for next 10 yrs -
started -
it has become part of the community by helping -
re-establish cultural institutions -
supporting concerts -
art contests for local artisans -
funding civic beautification projects -
even helping sponsoring a young woman athlete from Potosi -
to the Special Olympics in Beijing, China -
He telling us -
be industrious know material success-
be diligent know earth's secrets wisdom -
the delight of mastery -
to stimulate jaded senses to fresh endeavors -
http://investorshub.advfn.com/boards/board.aspx?board_id=5406
and He will lead -
God Bless America -
Amen
true my brother we asked and prayed for them -
http://tinyurl.com/yj4yp6
He answered -
it's a beauty to me -
thanks the Lord -
the Potosi old Ag waste piles clean up started -
it has become part of the community by helping -
re-establish cultural institutions -
supporting concerts -
art contests for local artisans -
funding civic beautification projects -
even helping sponsoring a young woman athlete from Potosi -
to the Special Olympics in Beijing, China -
He telling us -
be industrious know material success-
be diligent know earth's secrets wisdom -
the delight of mastery -
to stimulate jaded senses to fresh endeavors -
http://investorshub.advfn.com/boards/board.aspx?board_id=5406
true my brother in law has been telling me to buy silver and invest in silver and gold companies for years silver use to be 6 dollars an oz and now its over $16 not that is has gained value but the dollar has lost value
soon it will be $100 i believe and fmnj will be worth a bundle my avg is .0018 and I still have faith that it will be worth a bundle one day!
God Bless America -
Amen
politicians have debased the currency, bankrupted the nation, and robbed the Social Security fund, leaving Baby Boomer's in a perilous position as they approach retirement. But for those who recognize it there is a silver lining on the dark cloud that hangs over the nation. Silver is not only "the poor man's gold," it is potentially the Baby Boomer's salvation! Here is how you can survive and even prosper through the coming economic collapse.
http://www.thenewsurvivalist.com/silver/
God Bless
Sector Snap: Gold, silver stocks climp
Friday June 6, 3:13 pm ET
Shares of gold and silver companies rise as overall market drops
NEW YORK (AP) -- Gold and silver stocks rose Friday against a backdrop of a declining broader market, propelled by a jump in oil prices and a decline in the value of the U.S. dollar.
In afternoon trading, Oil prices shot up more than $10 to a new record above $138 a barrel after a Morgan Stanley analyst predicted prices could hit $150 by July 4.
Additionally, the dollar declined against other major currencies -- a move that makes each barrel of oil more expensive. The Dow Jones industrial average dropped more than 350 points.
The dollar and the price of gold usually move inversely, as each is considered a hedge against the other. In addition, the precious metal is usually seen as a hedge against problems in the economy.
Mining company Goldcorp Inc. posted some of the day's largest gains, rising $2.24, or 5.7 percent, to $41.73 in light afternoon trading.
Kinross Gold Corp. rose 74 cents, or 3.8 percent, to $20.24, Barrick Gold Corp. rose $1.88, or 4.7 percent, to $42.31 and IAMgold Corp. rose 28 cents, or 4.6 percent, to $6.40.
Elsewhere in the sector, Hecla Mining Co. rose 28 cents, or 3.2 percent, to $9.12 and Yamana Gold Inc. rose 47 cents, or 3.2 percent, to $15.40.
http://biz.yahoo.com/ap/080606/metals_sector_snap.html?.v=1
Gold price to rise long term - China c.bank official
Reuters
Reuters - Friday, May 30
SHANGHAI, May 29 - International gold prices are likely to rise further in the long term due to dollar depreciation, rising demand and global political and economic uncertainty, a researcher at China's cental bank said.
http://malaysia.news.yahoo.com/rtrs/20080529/tbs-gold-price-7318940.html
The dollar is a victim of globalization -
http://www.marketwatch.com/news/story/story.aspx?guid={0DB29E93-78B3-4A75-B1D1-6E7F166F5E4A}
God Bless
If only Titan Resources (TNRI) can get themselves into gear. SILVER is where it's at!
GRIFFIN MINING (LSE: GFM.L) 92.00 Up 3.95 (4.49%)
At 11:27AM ET:
http://finance.yahoo.com/q?s=GFM.L
GRIFFIN MINING (LSE: GFM.L) vs. YUKON ZINC CORPORATION (Tier1)
(CDNX: YZC.V) -
http://biz.yahoo.com/ccn/080421/200804210456425001.html?.v=1
http://investorshub.advfn.com/boards/board.asp?board_id=11696
Griffin Mining Limited to Acquire Yukon Zinc Corporation
Monday April 21, 6:11 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2008) -
Yukon Zinc Corporation -
(TSX VENTURE:YZC - News; "Yukon Zinc") and Griffin Mining Limited (AIM:GFM) ("Griffin") announced today that they have signed an Agreement (the "Agreement") whereby Griffin will acquire all of the issued shares of Yukon Zinc through a court-approved plan of arrangement. The shares of Griffin are traded on the Alternative Investment Market ("AIM") of the London Stock Exchange.
Under the terms of the transaction the shareholders of Yukon Zinc will receive one ordinary share of Griffin for every nine common shares of Yukon Zinc held. This represents a value of C$0.206 per Yukon Zinc share based upon the closing price of the Griffin shares on AIM on April 18, 2008 of 0.9225 of a British Pound Sterling and a Canadian Dollar - British Pound Sterling exchange rate of 0.4984. This represents a premium of 46.9% to the closing price of the Yukon Zinc shares on the TSX-V on April 18, 2008 and 43.0% premium to the 20 day volume weighted average trading price of the Yukon Zinc shares on the TSX-V. After completion of the transaction, the shareholders of Yukon Zinc will hold approximately 16% of the issued Griffin shares, with the current Griffin shareholders holding the remaining 84%. It is expected that the transaction will close by July 31, 2008.
Griffin will have the following attributes after completion of the transaction:
- A strong balance sheet with over C$200 million in cash; No debt;
- 60 percent interest in the low-cost Caijiaying zinc-gold-silver-lead mine in Hebei Province China;
- 100 percent interest in the high grade advanced zinc-silver-copper-gold-lead Wolverine Project located in Yukon Canada;
- When the Wolverine Project achieves full production status, projected annual zinc production in concentrates from Caijiaying and Wolverine will exceed 150 million pounds and annual payable silver production will exceed 4.5 million ounces. There will also be significant quantities of copper, gold and lead production; and
- Exciting exploration and development potential in the vicinity of the Caijiaying mine in China and in the Yukon Zinc's Finlayson District and other exploration properties.
Harlan Meade, President and Chief Executive Officer of Yukon Zinc, said, "The transaction with Griffin will result in the development of the Wolverine deposit, which is projected to become a very low cost producer. Yukon Zinc's properties and exploration expertise will complement the development and financial strengths of Griffin and provide an attractive growth outlook for Yukon Zinc and Griffin shareholders. We believe that this transaction represents an excellent value proposition for our shareholders and provides a bright future."
Mladen Ninkov, Chairman of Griffin, stated, "This transaction fulfills the stringent economic and geological and political criteria the Company has imposed upon itself. Yukon Zinc will add a high grade, profitable mine to Griffin's portfolio and add extensive exploration acreage in one of the most exciting base metals regions in the world. The returns for existing Griffin shareholders and our new Griffin shareholders through Yukon Zinc will be very exciting. We couldn't be more pleased."
Summary of the Transaction
The acquisition of Yukon Zinc by Griffin is to be completed by way of a court-approved Plan of Arrangement whereby each shareholder of Yukon Zinc will receive one-ninth of an ordinary share of Griffin for each common share of Yukon Zinc held (the "Exchange Ratio"). Outstanding warrants and options of Yukon Zinc will be converted into Griffin warrants and options by multiplying the number of warrants and options held by the Exchange Ratio. The exercise price of the warrants and options will be adjusted to a number equal to the current exercise price, divided by the Exchange Ratio. The expiry dates of the warrants and options remain unchanged.
The transaction is subject to a number of conditions that are customary for transactions of this nature, including execution of definitive transaction documents, a favourable vote of at least 66 2/3% of the Yukon Zinc shares voted at a special meeting of the shareholders of Yukon Zinc called to approve the transaction, regulatory and court approvals and completion of due diligence. Yukon Zinc has agreed to pay a break fee to Griffin, under certain circumstances, of C$2.5 million. Yukon Zinc has also provided Griffin with certain other customary rights, including a right to match competing offers.
The Special Committee of the Board of Directors of Yukon Zinc has determined that the transaction is in the best interest of Yukon Zinc shareholders and that the Exchange Ratio is fair to its shareholders. The Board of Directors of Yukon Zinc unanimously recommends that the Yukon Zinc shareholders vote in favour of the transaction. Paradigm Capital Inc. has provided an opinion to the Board of Directors of Yukon Zinc that the Exchange Ratio is fair, from a financial point of view, to the holders of common shares of Yukon Zinc. Senior officers and Directors of Yukon Zinc have agreed to vote in favour of the transaction.
Management Team and Board of Directors
No change to the Board of Directors of Griffin is contemplated. Under the Agreement, Yukon Zinc must use its reasonable best efforts to maintain and preserve its organization, including its current management staff.
Yukon Zinc Advisors and Counsel
Yukon Zinc's legal and financial advisors are Lang Michener LLP and Paradigm Capital Inc. respectively. Griffin legal counsel is Anfield Sujir Kennedy & Durno, Barristers and Solicitors.
About Griffin
Griffin is a Bermuda based mining and investment company listed on the Alternative Investment Market of the London Stock Exchange (symbol GFM). Griffin, through its two Chinese joint ventures has a controlling interest in mining and exploration licenses over 67 square kilometers at Caijiaying in the Hebei Province in the People's Republic of China. Within this area Griffin has successfully commissioned the Caijiaying mine and processing facilities, with a current throughput rate of some 500,000 tonnes of ore per annum to produce a zinc concentrate and a separate lead concentrate containing gold and silver for sale in China. Griffin has a 60% interest in the Caijiaying mine and mineral interests covering the above, but is entitled to 100% of the net cash flows from Caijiaying for the first three years from the commencement of commercial production in July 2005.
Continuing exploration in the area surrounding the mine at Caijiaying and within Griffin's local Chinese joint venture's tenement boundary has shown the area to be highly prospective, indicating significant potential for further economic base and precious metals mineralisation. Considerable progress has been made in defining a separate resource at the Zone II area some 1.5 kilometres to the south of the mine at Caijiaying.
Griffin reported a profit after tax of US$18,010,000 for the six months ended 30th June 2007 and total assets of US$88,926,000 as at 30th June 2007. In August 2007 Griffin completed a placing of 68,181,818 million shares at Pounds Sterling 1.10 per share for total proceeds of Pounds Sterling 75 million (US$152 million) and currently retains cash resources in excess of US$200 million.
About Yukon Zinc
Yukon Zinc is a TSX Venture Exchange listed company based in Vancouver. It is focused on development of its exceptionally silver-rich Wolverine Project in southeast Yukon and its large exploration land holdings in the Finlayson and Rancheria Districts. A bankable feasibility was completed for the Wolverine Project by Wardrop Engineering in January 2007 indicating favourable project economics. The Project has all of its main development permits and enjoys strong support from the Yukon Government and its local First Nations communities.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws concerning the business, operations and financial performance and condition of each of Yukon Zinc and Griffin. Forward-looking statements include, but are not limited to, statements with respect to the future price of metals, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Yukon Zinc and Griffin to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of metals; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although Yukon Zinc and Griffin have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Yukon Zinc and Griffin do not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
12G: 82-4603
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.
Contact:
Dr. Harlan Meade
Yukon Zinc Corporation
President and CEO
(604) 682-5474 or Toll Free: 1-877-682-5474
Shae Dalphond
Yukon Zinc Corporation
Manager, Investor Communications
(604) 682-5474 or Toll Free: 1-877-682-5474
(604) 682-5404 (FAX)
International Toll Free: 1-800-8682-5474
Email: info@yukonzinc.com / Website: www.yukonzinc.com
Source: Yukon Zinc Corporation
http://biz.yahoo.com/ccn/080421/200804210456425001.html?.v=1
http://investorshub.advfn.com/boards/board.asp?board_id=11696
Yukon Zinc Corp. (YZC:CA) $0.165 $0.025 (+17.86%)
Volume: 4.9 m
12:07 PM EDT Apr 22, 2008
http://investorshub.advfn.com/boards/board.asp?board_id=11696
Yukon Zinc Announces Extension of Barclays US$140 Million Senior Debt Facility
Wednesday March 26, 9:28 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) -
Yukon Zinc Corporation -
(TSX VENTURE:YZC - News) is pleased to announce that Barclays Capital ("Barclays") has extended the current US$140 Million senior debt facility ("the Facility") commitment to June 30, 2008.
This Facility forms the lead portion of project financing for the Wolverine Project located in southeast Yukon, Canada.
The original debt commitment, and the extension of the commitment are subject to standard conditions, including a review of any capital cost changes and loan pricing in the context of the debt markets.
Barclays Capital is the Investment Banking division of Barclays Bank PLC and one of the leading providers of finance to the mining sector.
"The extension of Barclays' commitment in the midst of the current uncertain financial markets again confirms the fundamental merits of the Wolverine Project and confidence in the development team", said Dr. Harlan Meade, Yukon Zinc President and CEO, "meanwhile the Company continues its discussions with industry and other groups interested, directly or indirectly, in providing the required equity to fully finance Wolverine."
Senior Debt Facility
The term sheet for the Facility provides for up to US$140 million that will be available to the Company following completion of loan and security documentation as well as satisfaction of various conditions precedent.
This loan has a term of 7.5 years and will be secured against the assets of the project.
The initial financing commitment followed an extensive due diligence review by Barclays' Independent Engineers, Pincock Allen and Holt, of the Optimized Feasibility Study completed by Wardrop Engineering in early 2007.
This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to complete the proposed financing, failure to obtain necessary regulatory or shareholder approvals, and other risk factors beyond its control and actual results may differ materially from the expected results.
12G: 82-4603
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.
Contact:
Dr. Harlan Meade
Yukon Zinc Corporation
President and CEO
(604) 682-5474 or Toll Free: 1-877-682-5474
Shae Dalphond
Yukon Zinc Corporation
Manager, Investor Communications
(604) 682-5474 or Toll Free: 1-877-682-5474
(604) 682-5404 (FAX)
International Toll Free: 1-800-8682-5474
Email: info@yukonzinc.com / Website: www.yukonzinc.com
Source: Yukon Zinc Corporation
http://biz.yahoo.com/ccn/080326/200803260450806001.html?.v=1
http://investorshub.advfn.com/boards/board.asp?board_id=11696
Franklin Enters Final Phase of Plan to Bring Escala to Full Production
Wednesday April 16, 10:53 am ET
LAS VEGAS, NV--(MARKET WIRE)--Apr 16, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News) CEO William Petty has confirmed that Howard Dunn, Vice President for Operations, International Mining, returned to Bolivia to make an assessment of equipment available to complete Phases II and III of the Escala production plan.
Mr. Dunn met with the staff of Franklin Mining, Bolivia on Monday, April 14 in their La Paz, Bolivia offices. On Tuesday, Mr. Dunn and Dr. Jaime Arancibia, Franklin Mining, Bolivia's General Manager, inspected the processing plant acquired in March. Today they are in Potosi where they will inspect and evaluate equipment prior to its relocation to the Escala Mine.
Mr. Dunn will also visit the Escala Mine before returning to Franklin's Santa Cruz, Bolivia office where he will meet with Mr. Petty on Friday, April 18 to review his assessment of equipment available for use in implementing the balance of the Escala production plan.
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.
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, 702-386-5379.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080416/0387417.html
http://finance.yahoo.com/q?s=FMNJ.PK
http://messages.finance.yahoo.com/mb/FMNJ.PK
http://investorshub.advfn.com/boards/board.asp?board_id=2957
To 'kiwisteve' on 'SILVER (Ag) PRODUCERS' -
thanks for info....
RE:
so whats with the stock price Bob?
Good LT entry point?
dd....
http://www.marketwatch.com/tools/quotes/snapshot.asp?siteid=bigcharts&dist=bigcharts&symb=CDE&sid=1275&time=20
http://investorshub.advfn.com/boards/board.asp?board_id=5237
so whats with the stock price Bob?
Good entry point?
Coeur's San Bartolome Mine Set to Begin Processing Ore -
Crushing Activities Underway -
First Silver Pour Expected to Take Place before Month’s End -
To Become World’s Largest Pure Silver Mine -
Coeur d’Alene Mines Corporation -
(NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today that
the commissioning of the Company’s new -
San Bartolomé silver mine in Bolivia -
is well underway.
Coeur anticipates processing ore shortly, with the first
doré expected to be poured before month’s end.
The crushing circuit is now fully operational and an
initial stockpile of crushed ore is being generated.
The facility has been connected to the Bolivian national
power grid.
This important milestone allows for the final commissioning
of the grinding, leaching and silver recovery circuits.
Production and plant utilization will steadily increase
with full plant capacity anticipated to be reached
by August, as originally forecast.
The construction efforts at San Bartolomé -
have involved up to 2,100 workers,
almost all of them Bolivians, who constructed
the state-of-the art facility while achieving safety
records that surpassed 4.6 million man hours without
a lost time accident.
Overview of Key Mine Metrics:
* Expected silver production during 2008 of over six million ounces
* Operating cash costs once plant reaches full capacity through the end of the year are expected to be $4.10 per ounce of silver (excluding royalties and production taxes of $2.03 per ounce)
* Over ten million ounces of silver production during the first twelve months of full-scale operations
* 153.0 million ounces of silver mineral reserves and 34.2 million ounces of additional indicated mineral resource
* Estimated mine life of 14 years
Additional photographs of the operation can be accessed through Coeur’s website at www.coeur.com.
About Coeur
Coeur d’Alene Mines Corporation is one of the world’s leading silver companies and also a significant gold producer, with anticipated 2008 production of approximately 16 million ounces of silver, a 40% increase over 2007 levels. Coeur, which has no silver or gold production hedged, is now set to commence production at the world’s largest pure silver mine - San Bartolomé in Bolivia – and is currently another world-leading silver mine – Palmarejo in Mexico. The Company also operates two underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns non-operating interests in two low-cost mines in Australia. The Company also owns a major gold project in Alaska and conducts exploration activities in Argentina, Bolivia, Chile, Mexico and Tanzania. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.
Cautionary Statement
This press release contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this press release are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, including, but not limited to, future gold and silver prices, costs, ore grades, estimation of gold and silver reserves, mining and processing conditions, construction schedules, currency exchange rates, and the completion and/or updating of mining feasibility studies, changes that could result from future acquisitions of new mining properties or businesses, the risks and hazards inherent in the mining business (including environmental hazards, industrial accidents, weather or geologically related conditions), regulatory and permitting matters, risks inherent in the ownership and operation of, or investment in, mining properties or businesses in foreign countries, as well as other uncertainties and risk factors set out in filings made from time to time with the SEC, the Canadian securities regulators, and the Australian Securities Exchange, including, without limitation, Coeur’s reports on Form 10-K and Form 10-Q. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. Coeur disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, Coeur undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities.
Donald J. Birak, Coeur’s Senior Vice President of Exploration, is the qualified person responsible for the preparation of the scientific and technical information concerning Coeur’s mineral projects in this news release. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as a general discussion of the extent to which the estimates may be affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant factors, please see the Technical Reports for each of Coeur’s properties as filed on SEDAR at www.sedar.com.
This press release might use the terms “Mineralized Material” or “Measured”, “Indicated” and “Inferred Mineral Resources”, or “Probable Ore Reserves” and “Proved Ore Reserves”. U.S. investors are advised that while such terms are recognized and required by Canadian and Australian regulations, the Securities and Exchange Commission does not recognize them. “Inferred Resources” and “Probable and Proved Ore Reserves” have a great amount of uncertainty as to their economic and legal feasibility. Under Canadian rules, estimates of Inferred Resources may not form the basis of a feasibility study. U.S. investors are cautioned not to assume that all or any part of Mineralized Material or Measured, Indicated or Inferred Mineral Resources will ever be converted into reserves. U.S. investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.
Coeur d’Alene Mines Corporation
Investor Contact
Director of Investor Relations
Karli Anderson, 208-665-0345
or
Media Inquiries
Director of Corporate Communications
Tony Ebersole, 208-665-0777
Source: Business Wire (April 1, 2008 - 9:35 AM EDT)
To 'kiwisteve' on 'SILVER (Ag) PRODUCERS' -
silver is a future with one of the highest volatility -
used to play it for more than 10 yrs -
but the gov. manipulation going too far -
they now rob IMF of the gold and silver -
it has made a new ST speedbumb -
they cleaned out most 888 central banks -
its about nothing more to rob -
the 666-banksterz have too long fingerz -
btw.
I going for LT positions in the silver producers -
Imo. Tia.
http://www.888c.com/
God Bless America
I wish I was short SILVER!
Silver has just been kicked so hard this time around - tonight at $16.55
My long position got stopped out last night at $18 and I was furious! I shoulda coulda gone short right then and there! Even if it feels like your kicking a good buddy in the head!
I'm too out of cash now to go long on silver and to scared too right now even as I stare at at the 15min doji at $16.75 (Silver May 08 CFD future)
Please let me know where i should set my trigger to go long on this should any one know when and where that is??? (looks like we are going up now - for a bit?
Is this the beginning of the next BULLL RUN! OR Are we going down to 14 bucks?
KIWI
Yukon Zinc Corp. (V.YZC) $0.15 - +$0.01 (+7.14%)
Volume: 447.0 k
3:21 PM EDT Mar 31, 2008
NorthLion good to see you, you're here too! Big potential
here...will take a little while to get the development going
and PM's gold, silver and the base metals zinc, copper
will all make a strong come back -
IMF put out a st speed bumb -
the banksters will rob the last US gold -
after the run to $10K/oz Au moves to moon -
NorthLion keep it up -
its a strategic bargain -
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=11696
Setback to Bolivian reform plan -
Residents of the resource-rich Bolivian region of Santa Cruz
demonstrate in favour of autonomy in December 2007
The president's constitution plans have split the country -
Bolivian President Evo Morales has suffered a major setback
in his plans to give the country a new constitution -
to favour the indigenous majority.
http://news.bbc.co.uk/2/hi/americas/7284765.stm
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Coeur D'Alene Started At Buy, $7 By Cormark >CDE
Last Update: 3/5/2008 8:30:04 AM
(MORE TO FOLLOW) Dow Jones Newswires
March 05, 2008 08:30 ET (13:30 GMT)
To 'vozmil' on 'SILVER (Ag) PRODUCERS' -
thanks -
FMNJ reporting that Franklin Mining, Bolivia's General Manager,
Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton,
believe the Escala Mine -
has begun showing signs of a greater than expected
silver content.
Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining
and hydrocarbons industries about twenty years each -
do have the knowledge and want to send bulk samples to
processing to get the accurate info -
ex. large ore bulk samples may often be much more reliable than a
2" drill core etc.
Silver Content at the Escala Showing Signs of Increase -
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty
is reporting that Franklin Mining, Bolivia's General Manager,
Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton,
believe the Escala Mine -
has begun showing signs of a greater than expected
silver content.
SILVER Mar 2008 (NYMEX:SI.H08.E) -
Last trade $19.015 Change +$0.295 (+1.98%)
Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining
and hydrocarbons industries about twenty years each.
Their professional opinion is that the silver -
being recovered from the most recent blast sites at
the Escala is greater than previously estimated.
Using reports prepared by Austpac Gold, NL in 1993-1994
and supplied to Franklin by COMIBOL, the mineral content
in areas where blasting is currently being conducted
was estimated to be 1 Kg per ton of silver and
2 grams per ton of gold as well as economically viable
quantities of lead and zinc and some copper.
Recovery efforts completed over the past several weeks
have produced an estimated 100 tons to be processed.
The actual mineral content recovered from the Escala
will be announced when the processing of this first
month's production is complete.
Additional information on Franklin's -
plans for mining at the Escala -
is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008 -
About The Escala Mine:
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.
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.
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Marketwire (February 21, 2008 - 8:30 AM EST)
GOLD Apr 2008 (NYMEX:GC.J08.E) -
fast down - fast UP -
the more volatility the better -
the higher it will jump -
COPPER Mar 2008 (NYMEX:HG.H08) -
God Bless America
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
http://tinyurl.com/3d2yhn
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
http://tinyurl.com/cbg4n
history often repeat itself -
http://tinyurl.com/y824mv
The old bucky falling off the cliff? -
Silver Content at the Escala Showing Signs of Increase -
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty
is reporting that Franklin Mining, Bolivia's General Manager,
Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton,
believe the Escala Mine -
has begun showing signs of a greater than expected
silver content.
SILVER Mar 2008 (NYMEX:SI.H08.E)
Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining
and hydrocarbons industries about twenty years each.
Their professional opinion is that the silver -
being recovered from the most recent blast sites at
the Escala is greater than previously estimated.
Using reports prepared by Austpac Gold, NL in 1993-1994
and supplied to Franklin by COMIBOL, the mineral content
in areas where blasting is currently being conducted
was estimated to be 1 Kg per ton of silver and
2 grams per ton of gold as well as economically viable
quantities of lead and zinc and some copper.
Recovery efforts completed over the past several weeks
have produced an estimated 100 tons to be processed.
The actual mineral content recovered from the Escala
will be announced when the processing of this first
month's production is complete.
Additional information on Franklin's -
plans for mining at the Escala -
is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008 -
About The Escala Mine:
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.
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.
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Marketwire (February 21, 2008 - 8:30 AM EST)
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
http://www.youtube.com/watch?v=yP2JpY-J8MA
Ron Paul wants to organize a strike on July 4th
http://www.alexjonesfan58.com/mp3/20080212_alexjones_ronpaul.mp3
A King's Ransom in Precious Metals Seems to Have Disappeared ? -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26752674
the fraudsters can't keep anchor out all gold buyers forever? -
http://news.bbc.co.uk/2/hi/business/7222411.stm
http://news.bbc.co.uk/2/hi/technology/7228315.stm
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26593002
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26682045
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26935064
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=14357877
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Franklin FMJ.F the more volatility the better -
the higher it jump in the end -
the oldest and most reliable TI -
note.
FMNJ Market Cap: 16.81M strategic bargain -
compared to -
CDE Market Cap: 1.32Billion -
Barron's arguing in favor of a Gold Standard! -
Despite the lack of buying in India -
after oiltanker's anchor ripping out IT-service -
the selling by central banks and the IMF, and other
manipulations of the market, gold is above $900 and
the ETF's holdings are at all time highs and growing.
And, Barron's is running a series on why the gold standard
is not such a bad idea.
Could pm's be in for another run up now that the mainstream
is getting on board?
Monday February 18. 2008
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
FMNJ Market Cap: 16.81M strategic bargain -
compared to -
CDE Market Cap: 1.32Billion -
Barron's arguing in favor of a Gold Standard! -
Despite the lack of buying in India -
after oiltanker's anchor ripping out IT-service -
the selling by central banks and the IMF, and other
manipulations of the market, gold is above $900 and
the ETF's holdings are at all time highs and growing.
And, Barron's is running a series on why the gold standard
is not such a bad idea.
Could pm's be in for another run up now that the mainstream
is getting on board?
Monday February 18. 2008
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
Franklin Projects up to 30,000 Ounces of Gold to Be -
Recovered in Phase I of a Multi-Phase Plan at -
Their Escala Mining Concession
Tuesday February 19, 8:30 am ET
http://biz.yahoo.com/iw/080219/0363421.html
LAS VEGAS, NV--(MARKET WIRE)--Feb 19, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News) CEO,
William Petty has today announced projections for the
recovery of gold from the four known sites within their
500 hectare Escala mining concession.
"A mid-2007 surface exploration by Franklin's engineer
and general manager was made within an area known to have
been previously explored and sampled.
Using reports supplied by COMIBOL, our effort was focused
on an area approximately half the size of the 1993-1994
explorations at the Cerro Blanco."
Mr. Petty continued, "Cerro Blanco was chosen because it
is the site nearest to our existing silver operation.
The exploration was conducted by Mr. Javier Leyton, a
mining engineer with many years professional experience
in the Escala area and Dr. Jaime Arancibia,
Franklin Mining, Bolivia's General Manager.
Working together, they estimate that this one area, equal
to less than half of the Cerro Blanco dome, contains
approximately 20,000 to 30,000 ounces of gold."
With the Escala's silver operation underway, Franklin
is committed to expanding to include exploitation of
copper and gold.
Copper has long been known to be available, however
the Escala has not generally been considered a source
of copper in viable quantities.
Escala's gold potential is considered to be significant.
Additional information on Franklin's plans for mining at
the Escala is available at
http://www.FranklinMining.com
specifically in multiple Letters from the President to
be posted during February 2008.
About The Escala Mine:
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.
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
http://www.FranklinMining.com
or contact our Investor Relations firm,
A. S. Austin & Company,
1-702-386-5379.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080219/0363421.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26829201
--
GOLD Apr 2008 (NYMEX:GC.J08.E) -
SILVER Mar 2008 (NYMEX:SI.H08.E) -
Franklin Announces Cerro Rico Holds Over 33 Million Ounces of Silver, Fourth Vein Shows Potential Reserves of Over 11 Million
Franklin Mining Announces Cerro Rico Holds Over 33 Million Ounces of Silver, Fourth Vein Shows Potential Reserves of Over 11 Mil
By: Aaron Reed
Aug. 1, 2006 11:30 AM
Digg This!
LAS VEGAS, NV -- (MARKET WIRE) -- 08/01/06 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce today the significant value estimated by the COMIBOL reports on the Cerro Rico Mine reserves. It is believed to hold over 33 million ounces of silver. San Pedro (the fourth vein) reserves are projected to be over 11 million ounces of silver.
The results were provided by the combined reports from COMIBOL
(Bolivia's national mining company).
http://www.sys-con.com/read/254398.htm
According to the COMIBOL prospective reserve reports, San Pedro is believed to contain approximately 11,937,569 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.
This partnership encompasses the four veins of the famous Cerro Rico de Potosi Mine (San Miguel, San Pedro, Mesapata and Alkco Barreno). The Cerro Rico (located southeast of the city of Potosi, Bolivia), under COMIBOL's ownership, is considered the world's largest silver deposit and one of the most popular tourist attractions in Bolivia.
The four veins are projected to hold over 5.5 million metric tons of ore.
The combined estimated reserves are about 938,130 kgs of silver, 250,004 tons of zinc and over 72,377 tons of tin, yielding approximately 33,018,564 ounces of silver, 550,784,040 lbs of zinc and 159,518,908 lbs of tin.
"The Cerro Rico history's most fabulous silver strike, changed Bolivia's social fabric 450 years ago. Now, thanks to modern mining, it may do so again. Legend has it that enough metal was extracted from the deposit to build a bridge of silver from South America to Europe. 'It is an impressive amount of mineral wealth,' Roland Jordan Pozo, secretary general of Bolivia's association of medium-sized miners, said. 'Industry officials say the deposit could vault Bolivia back into the vanguard of global silver production.'" www.latinamericanstudies.org/bolivia/silver.htm
Metal prices today show silver at $ 11.38 USD per ounce, tin at $3.78 USD per ounce and zinc at $ 1.52 per lb USD.
Franklin Mining, Bolivia S.A. (a Bolivian corporation) is a subsidiary company of Franklin Mining, Inc. COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com. To receive Franklin Mining news by e-mail, please send contact information to info@franklinmining.com.
"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.
Additional information on company operations is found at our website http://www.franklinmining.com/.
Contact:
Franklin Mining, Inc.
Andrew Austin
702-386-5379
info@franklinmining.com
http://www.sys-con.com/read/254398.htm
Franklin Mining was the first US mining company received -
a Cerro Rico mining agreement since the Spaniard mined it -
Btw.
the drilling of COMIBOL has been at shallow level -
and its still more than 12000' down to sea level -
SA gold mines goes down to more than 20000' bellow the
sea level with todays mining hi-tech -
the gold and silver veins aren't est. from the moon -
the values most often inctease with the deepth -
the deeper we mine the richer the veins become -
is most often the case in most mines -
ex.
Cerro Rico -
WHAT MADE CERRO RICO SO BIG?
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced
almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap.
The acid-sulfate lithocap at Cerro Rico is at least
twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone
of oxidation.
This is almost four times as thick as any other developed
at a BPV deposit.
The extraordinary richness of the Cerro Rico silver deposit
is not due to weathering processes -
as is the case with many of the Tertiary porphyry Cu
deposits of northern Chile.
Instead the enrichment of Ag must be related to
volcanic-related processes.
Recent studies of melt inclusions have shown that the
magmas at Cerro Rico were highly fractionated and
enriched in incompatible elements such as Ag and Sn.
However, fractionation alone is unlikely to account for
the unusual abundance of silver at Cerro Rico.
Critically, the combination of accurate dating and
the use of stable isotopes –
both based upon excellent field and petrographic
observations –
allowed us to observe that the mineralizing episode
was protracted, by comparison to other deposits related
to processes in the upper parts of volcanoes.
Our studies suggest that it was this exceptional
duration of magma-related hydrothermal activity
that was perhaps the critical factor.
It is probable that this was sustained by multiple
injections of fractionated Ag-enriched magma from
a deep reservoir into a high level magma chamber
underlying Cerro Rico -
(Au & Ag treasure chests - well protected)
This work has now been accepted for publication in
Economic Geology -
and has also been the subject of an article in -
the last issue of NERC’s public bulletin -
Planet Earth.
DEVELOPMENTS IN UNDERSTANDING LASER-INDUCED S ISOTOPE
FRACTIONATION -
Laser heating of sulfides in the presence of O2 -
a technique pioneered by ICSF and SUERC -
with part funding from NSS capital budget -
is the most commonly used method of in situ sulfur
isotope analysis.
Previous work indicated that a small, but reproducible
fractionation of 34S/32S exists between the product
SO2 gas, and the mineral.
The magnitude of this fractionation varies with bond
strength, as reflected in Gibbs free energy of formation.
The correction factors are known for common sulfides
and anhydrite, but not hitherto for stibnite and
the sulfosalt minerals, which are important constituents
of many classes of ore deposits.
In our paper with Dr. Thomas Wagner
(University of Tübingen:
Wagner et al, 2002 - see Publication List)
the correlation of ΔGo298 with the laser correction
factor for the sulfosalts fits well with the trend
previously established for simple sulfides.
There is an excellent correlation between the
fractionation factor and mineral composition,
a parameter that does result in bond strength
variations (e.g. mole fraction of PbS in sulfosalts),
allowing estimation of the correction factors for
simple intermediate compositions.
Finally, bond strength also varies with variation
in inter-atomic distances, and we have therefore
investigated the behaviour of stibnite, a strongly
anisotropic mineral.
Our results indicate that there is a significant
variation in fractionation factor depending on
crystal orientation.
The fractionation factor along the prismatic b-axis,
which displays the strongest chemical bonds
(as monitored by the shortest bond lengths),
is more negative (-1.7‰) than along the other
crystallographic directions (-0.7‰ to -1.0‰),
in full agreement with theoretical predictions.
Reviewing the manuscript, Prof. Mike McKibben
(UC Riverside) said of the paper “…..it
develops a very useful analysis and discussion
of the significant effects of bond strength,
solid-solution composition, and crystallographic
orientation on the mineral-gas isotopic
fractionation that is observed during laser
ablation and isotopic analysis.”
Output
I have a strong commitment to the public dissemination
of data, particularly through publication in
peer-reviewed journals.
I thank the many colleagues and their students who have
worked with me through ICSF over the years.
Scottish Universities -
Research Centre -
Rankine Avenue,
Scottish Enterprise Technology Park
East Kilbride G75 0QF,
Scotland, UK
Franklin Mining was the first US mining company received
a Cerro Rico mining agreement -
FMNJ has received the trust of the COMIBOL -
Note.
the Cerro Rico is not part of the fed fraud -
http://www.youtube.com/watch?v=yP2JpY-J8MA
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=14357877
http://www.franklinmining.com/currentprojects.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26829201
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Ps.
Barron's arguing in favor of a Gold Standard! -
Despite the lack of buying in India -
after oiltanker's anchor ripping out IT-service -
the selling by central banks and the IMF, and other
manipulations of the market, gold is above $900 and
the ETF's holdings are at all time highs and growing.
And, Barron's is running a series on why the gold standard
is not such a bad idea.
Could pm's be in for another run up now that the mainstream
is getting on board?
Monday February 18. 2008
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
http://www.youtube.com/watch?v=yP2JpY-J8MA
Ron Paul wants to organize a strike on July 4th
http://www.alexjonesfan58.com/mp3/20080212_alexjones_ronpaul.mp3
A King's Ransom in Precious Metals Seems to Have Disappeared ? -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26752674
the fraudsters can't keep anchor out all gold buyers forever? -
http://news.bbc.co.uk/2/hi/business/7222411.stm
http://news.bbc.co.uk/2/hi/technology/7228315.stm
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26593002
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26682045
http://investorshub.advfn.com/boards/board.asp?board_id=5404
Imo. Tia.
God Bless America
Franklin Announces Cerro Rico Holds Over 33 Million Ounces of Silver,
Fourth Vein Shows Potential Reserves of Over 11 Million
Franklin Mining Announces Cerro Rico Holds Over 33 Million Ounces of Silver,
Fourth Vein Shows Potential Reserves of Over 11 Mil
By: Aaron Reed
Aug. 1, 2006 11:30 AM
Digg This!
LAS VEGAS, NV -- (MARKET WIRE) -- 08/01/06 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) is pleased to announce today the significant
value estimated by the COMIBOL reports on
the Cerro Rico Mine reserves.
It is believed to hold over 33 million ounces of silver.
San Pedro (the fourth vein) reserves are projected to be
over 11 million ounces of silver.
The results were provided by the combined reports from
COMIBOL (Bolivia's national mining company).
http://www.sys-con.com/read/254398.htm
According to the COMIBOL prospective reserve reports, San Pedro is believed to contain approximately 11,937,569 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.
This partnership encompasses the four veins of the famous Cerro Rico de Potosi Mine (San Miguel, San Pedro, Mesapata and Alkco Barreno). The Cerro Rico (located southeast of the city of Potosi, Bolivia), under COMIBOL's ownership, is considered the world's largest silver deposit and one of the most popular tourist attractions in Bolivia.
The four veins are projected to hold over 5.5 million metric tons of ore.
The combined estimated reserves are about 938,130 kgs of silver, 250,004 tons of zinc and over 72,377 tons of tin, yielding approximately 33,018,564 ounces of silver, 550,784,040 lbs of zinc and 159,518,908 lbs of tin.
"The Cerro Rico history's most fabulous silver strike, changed Bolivia's social fabric 450 years ago. Now, thanks to modern mining, it may do so again. Legend has it that enough metal was extracted from the deposit to build a bridge of silver from South America to Europe. 'It is an impressive amount of mineral wealth,' Roland Jordan Pozo, secretary general of Bolivia's association of medium-sized miners, said. 'Industry officials say the deposit could vault Bolivia back into the vanguard of global silver production.'" www.latinamericanstudies.org/bolivia/silver.htm
Metal prices today show silver at $ 11.38 USD per ounce, tin at $3.78 USD per ounce and zinc at $ 1.52 per lb USD.
Franklin Mining, Bolivia S.A. (a Bolivian corporation) is a subsidiary company of Franklin Mining, Inc. COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com. To receive Franklin Mining news by e-mail, please send contact information to info@franklinmining.com.
"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.
Additional information on company operations is found at our website http://www.franklinmining.com/.
Contact:
Franklin Mining, Inc.
Andrew Austin
702-386-5379
info@franklinmining.com
http://www.sys-con.com/read/254398.htm
Franklin Mining was the first US mining company received -
a Cerro Rico mining agreement since the Spaniard mined it -
Btw.
the drilling of COMIBOL has been at shallow level -
and its still more than 12000' down to sea level -
SA gold mines goes down to more than 20000' bellow the
sea level with todays mining hi-tech -
the gold and silver veins aren't est. from the moon -
the values most often increase with the deepth -
the deeper we mine the richer the veins become -
is most often the case in most mines -
ex.
Cerro Rico -
WHAT MADE CERRO RICO SO BIG?
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced
almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap.
The acid-sulfate lithocap at Cerro Rico is at least
twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone
of oxidation.
This is almost four times as thick as any other developed
at a BPV deposit.
The extraordinary richness of the Cerro Rico silver deposit
is not due to weathering processes -
as is the case with many of the Tertiary porphyry Cu
deposits of northern Chile.
Instead the enrichment of Ag must be related to
volcanic-related processes.
Recent studies of melt inclusions have shown that the
magmas at Cerro Rico were highly fractionated and
enriched in incompatible elements such as Ag and Sn.
However, fractionation alone is unlikely to account for
the unusual abundance of silver at Cerro Rico.
Critically, the combination of accurate dating and
the use of stable isotopes –
both based upon excellent field and petrographic
observations –
allowed us to observe that the mineralizing episode
was protracted, by comparison to other deposits related
to processes in the upper parts of volcanoes.
Our studies suggest that it was this exceptional
duration of magma-related hydrothermal activity
that was perhaps the critical factor.
It is probable that this was sustained by multiple
injections of fractionated Ag-enriched magma from
a deep reservoir into a high level magma chamber
underlying Cerro Rico -
(Au & Ag treasure chests - well protected)
This work has now been accepted for publication in
Economic Geology -
and has also been the subject of an article in -
the last issue of NERC’s public bulletin -
Planet Earth.
DEVELOPMENTS IN UNDERSTANDING LASER-INDUCED S ISOTOPE
FRACTIONATION -
Laser heating of sulfides in the presence of O2 -
a technique pioneered by ICSF and SUERC -
with part funding from NSS capital budget -
is the most commonly used method of in situ sulfur
isotope analysis.
Previous work indicated that a small, but reproducible
fractionation of 34S/32S exists between the product
SO2 gas, and the mineral.
The magnitude of this fractionation varies with bond
strength, as reflected in Gibbs free energy of formation.
The correction factors are known for common sulfides
and anhydrite, but not hitherto for stibnite and
the sulfosalt minerals, which are important constituents
of many classes of ore deposits.
In our paper with Dr. Thomas Wagner
(University of Tübingen:
Wagner et al, 2002 - see Publication List)
the correlation of ΔGo298 with the laser correction
factor for the sulfosalts fits well with the trend
previously established for simple sulfides.
There is an excellent correlation between the
fractionation factor and mineral composition,
a parameter that does result in bond strength
variations (e.g. mole fraction of PbS in sulfosalts),
allowing estimation of the correction factors for
simple intermediate compositions.
Finally, bond strength also varies with variation
in inter-atomic distances, and we have therefore
investigated the behaviour of stibnite, a strongly
anisotropic mineral.
Our results indicate that there is a significant
variation in fractionation factor depending on
crystal orientation.
The fractionation factor along the prismatic b-axis,
which displays the strongest chemical bonds
(as monitored by the shortest bond lengths),
is more negative (-1.7‰) than along the other
crystallographic directions (-0.7‰ to -1.0‰),
in full agreement with theoretical predictions.
Reviewing the manuscript, Prof. Mike McKibben
(UC Riverside) said of the paper “…..it
develops a very useful analysis and discussion
of the significant effects of bond strength,
solid-solution composition, and crystallographic
orientation on the mineral-gas isotopic
fractionation that is observed during laser
ablation and isotopic analysis.”
Output
I have a strong commitment to the public dissemination
of data, particularly through publication in
peer-reviewed journals.
I thank the many colleagues and their students who have
worked with me through ICSF over the years.
Scottish Universities -
Research Centre -
Rankine Avenue,
Scottish Enterprise Technology Park
East Kilbride G75 0QF,
Scotland, UK
Franklin Mining was the first US mining company received
a Cerro Rico mining agreement -
FMNJ has received the trust of the COMIBOL -
Note.
the Cerro Rico is not part of the fed fraud -
http://www.youtube.com/watch?v=yP2JpY-J8MA
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=14357877
http://www.franklinmining.com/currentprojects.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26829201
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Ps.
Barron's arguing in favor of a Gold Standard! -
Despite the lack of buying in India -
after oiltanker's anchor ripping out IT-service -
the selling by central banks and the IMF, and other
manipulations of the market, gold is above $900 and
the ETF's holdings are at all time highs and growing.
And, Barron's is running a series on why the gold standard
is not such a bad idea.
Could pm's be in for another run up now that the mainstream
is getting on board?
Monday February 18. 2008
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
http://www.youtube.com/watch?v=yP2JpY-J8MA
Ron Paul wants to organize a strike on July 4th
http://www.alexjonesfan58.com/mp3/20080212_alexjones_ronpaul.mp3
A King's Ransom in Precious Metals Seems to Have Disappeared ? -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26752674
the fraudsters can't keep anchor out all gold buyers forever? -
http://news.bbc.co.uk/2/hi/business/7222411.stm
http://news.bbc.co.uk/2/hi/technology/7228315.stm
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26593002
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26682045
http://investorshub.advfn.com/boards/board.asp?board_id=5404
Imo. Tia.
God Bless America
Cerro Rico is a classic example, and is the world's
largest silver deposit -
When one compares Cerro Rico to other BPV deposits -
Ex. three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced
almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap.
The acid-sulfate lithocap at Cerro Rico is at least
twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone
of oxidation.
This is almost four times as thick as any other developed
at a BPV deposit.
http://tinyurl.com/uq8b5
lorel gfys. -
nice dream -
and it could be right? -
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/read_msg.asp?message_id=14357877
http://www.franklinmining.com/currentprojects.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26829201
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Ps.
Barron's arguing in favor of a Gold Standard! -
Despite the lack of buying in India -
after oiltanker's anchor ripping out IT-service -
the selling by central banks and the IMF, and other
manipulations of the market, gold is above $900 and
the ETF's holdings are at all time highs and growing.
And, Barron's is running a series on why the gold standard
is not such a bad idea.
Could pm's be in for another run up now that the mainstream
is getting on board?
Monday February 18. 2008
Barron's
Economic Beat
"Greenspan Was Right: The Case for Gold, Part I -
By GENE EPSTEIN
"UNDER THE GOLD STANDARD," observed Alan Greenspan in a
1966 essay, "a free banking system stands as the protector
of an economy's stability and balanced growth."
As you probably heard, a serious bout of instability caused
by major imbalances currently plagues the U.S. economy.
So a free banking system under the gold standard must be
just what the economy needs, if Greenspan had it right.
In that same essay, the future Fed chairman saw another
key advantage to a gold standard.
While taxing and borrowing against future taxes were
the conventional ways government raised revenue,
the abandonment of gold permitted a third way:
"chronic deficit spending" effectively financed by
the "unlimited expansion of credit."
A gold standard would end that abuse.
But adoption of gold is not exactly high on the world's agenda.
Accordingly, this first installment in my two-part case
for gold began with Alan Greenspan's oft-cited essay
(called "Gold and Economic Freedom") for a strategic reason.
Atlantic.com blogger Megan McCardle was wrong to call
the gold standard a "terrible idea." But she was obviously
right to point out that "so few economists [are] willing
to raise their voices in support of" any version of
a gold standard.
It might therefore help to remind readers that the most
respected Federal Reserve chairman ever raised his voice
in just this way as a seasoned economist of 40, in an
essay that was brief but mainly focused on
the right arguments.
Also, Alan Greenspan's 2007 memoir, The Age of Turbulence,
adds to the case for gold, while incidentally helping
to suggest why "so few economists" are gold advocates.
The long-standing alternative to gold is, after all,
the central banking system, in whose service more than a
few economists have found tangible career benefits.
That may help explain why The Age of Turbulence never
mentions the main point that Greenspan himself made in
"Gold and Economic Freedom":
that gold would protect the economy from the instability
of business cycles.
In fact, nowhere does he mention the essay itself.
We can only conjecture about the omission in a book that
is supposed to chronicle his intellectual development,
and which otherwise mentions gold.
I conjecture that he found the argument an affront to
his career as a central banker.
Indeed, the same essay he buries down the memory hole
aggressively indicts the Federal Reserve for playing
a destabilizing role. We can regard the 1966 essay
as representing his most recent thought to date on
this point, since nothing else is available.
The Age of Turbulence does make an additional point in favor
of gold not mentioned in that original essay:
that a gold standard would prevent price inflation.
In the most disturbing, and valuable, section of this book,
Greenspan sees an end to the era of tame price increases,
beginning around 2030.
He points out, first, that the benign
"disinflationary pressures" from economies like that of
China will have played out by then.
And at the same time, inflationary pressures could be
intensified by the fiscal "tsunami" brought on
by retiring baby boomers.
He affirms that gold would check price inflation, referring
to the "gold standard's inherent price stability."
So why not support gold for this important reason?
It turns out that, while the Greenspan of 1966 objected
to chronic deficits financed by "an unlimited expansion
of credit," the Greenspan of 2007 now accepts that
very thing.
"I have long since acquiesced in the fact that the gold
standard does not readily accommodate the widely accepted
...view of the appropriate functions of government,"
he candidly admits -- namely, the "propensity of Congress
to create benefits for constituents without specifying
the means by which they are to be funded."
But to accept the government's power "to create
benefits...without specifying the means by which they are
to be funded" is effectively to endorse the government's
right to finance its operations, not just through taxing
and borrowing, but through the unilateral creation of
money and credit.
On this point, gold advocate George Reisman observes:
"When the government need not obtain its funds from the
people, but instead can supply the people with funds, it
can no longer easily be viewed as deriving its powers
and rights from the people."
So let us repeat Alan Greenspan's three main arguments
for gold.
A gold standard will protect the economy from --
1) the business cycles that have long burdened it and
2) the rapid price inflation that Greenspan sees as
a future plague.
It also will
3) prevent the government from raising funds through
the unilateral expansion of money and credit that
Greenspan used to regard as a plague on our freedom.
What more overwhelming case can possibly be imagined?
For part 2 on this subject, read next week's column."
Thanks for those links on the Green span bob it proves
this paper shorting of the metal, and in the not to
distant future , one large default could bust this up.
I doubt they can ever make a large physical deliver
on the outside it would expose it all, but it could
happen, hope to see more people going with the gg etc -
Judge for yourself and then decide whether you wish to join the strike.
WE ARE CHANGE!!!
Saudi Princes Rattled, Shifting into Gold -
Ex.
Saudi princes, who control 70% of the stock market
in Riyadh -
have been bailing out of local stocks and moving funds into
Gold since early October -
Its more than Saudis 200 princes who want Gold for oil -
and not the old bucky -
compared to Gold & Silver the only Real Money for 1000's of years -
The higher Silver & Gold price may be a Blessing for the
miners of Cerro Rico Silver mining -
Its your pick were you want to go -
Btw.
Judge for yourself and then decide whether you wish to join
the strike. WE ARE CHANGE!!!
Expected to Become World’s Largest Pure Silver Mine -
February 12, 2008 - 8:57 AM EST
Coeur d’Alene Mines Corporation -
(NYSE:CDE) (TSX:CDM) (ASX:CXC) announced toay that it has
begun pre-commissioning activities at its -
San Bartolomé silver mine -
which is expected to produce over ten million ounces of silver
during its first twelve months of full-scale operations.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits,
or pallacos, which lend themselves to simple,
low-tech surface-mining techniques.
Of the several pallaco deposits which are controlled by Coeur
and surround Cerro Rico mountain, three are of
primary importance and are known as
Huacajchi, Diablo (consisting of Diablo Norte, and Diablo
Este) and Santa Rita.
The facilities will be located near established industrial
infrastructure in the historically silver-rich area of
Potosí, Bolivia, where more than two billion ounces of silver
have been mined.
The building of the new mine is expected to generate as
many as 1,000 local jobs during construction,
and approximately 200 full-time jobs during operations.
The project will also establish a foundation, called Fundespo,
to assist in the development of new local industries,
such as silversmithing and tourism etc. -
Cerro Rico - "I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Its about 1000 feet lower today -
than it used to be before the mining -
Ex....
It has more than 1000 mines adits -
many of them been covered up by 1000 yrs -
of mining (National Geog.) waste piles cover -
many of the original mine portals -
CDE taking the still rich in Silver waste piles -
Cerro Rico will be able to more breath, fresh air,
more ventilation etc. -
It may be to good help for the FMNJ miners and turists -
inside the Cerro Rico -
the bottom line is -
Cerro Rico Silver Mines -
CDE - has move in on Cerro Rico -
the right thing is to remove the wastepiles -
since 1000's of years mining -
the waste piles may cover up the lower rich portals -
to Cerro Rico deeper rich chambers -
Spaniards been into them but not since covered by
the waste piles? -
http://www.coeur.com/dev_sanbartolome.html
CDE - may have an eye to FMNJ -
and the old rich veins -
in Cerro Rico -
Minting machine on second level, gears turned and coins
minted by horses pulling pulleys in room below.
At least at the Casa Real de Moneda (house of money),
the former Spanish mint that was in operation -
from 1753 until the 1950's -
and takes up an entire block in the center of Potosi,
a sign posted fixed prices regardless of gender
or nationality.
This building is packed with history as it was one large
mint in Latin America that minted coins for the Crown
and Spain.
The building is quite the fortress with walls
more than 3 feet thick.
At one time it served as a prison and a base for
the Bolivian Army.
But walking through the maze of rooms and guided through
the fully restored building we see and experience
the equipment used to mint coins by hand,
by horse drawn pulleys do modern machines shipped here
from Ohio and New Jersey.
But the biggest irony of the whole mining and minting
experience lies in where Bolivia's coins are minted today?
Take a guess?
For more than a hundred years coins for Spain were minted
here In Potosi Bolivia.
Today, the Bolivian coins are minted in Spain --
very few is minted in Bolivia.
A monument to this affect greets visitors as they enter
the city near the Plaza de San Francisco.
It's understandable and visible that this city once heralded
in riches, culture and architecture -
Today it's trying to hold on -
Franklin Mining has got a neighbour CDE -
a very good great silver mining neighbour -
history repeat itself -
Potosi will be rich again -
FMNJ hold agreements for a silver mining operation
at Cerro Rico de Potosi -
dd....
http://www.franklinminng.com
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5406
FMNJ (.007 +27%)news: Escala's Gold Reserves Projected to Be Greater Than Expected
2008-02-14 08:30 ET - News Release
LAS VEGAS, NV -- (MARKET WIRE) -- 02/14/08
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty, confirms that Franklin will begin taking gold from the first of its four known sources within their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro Blanco, the nearest of the four sites to where Franklin is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993. Within the year, a 70,000 square meter area at Cerro Blanco was gridded and 134 systematic samples returned an average 1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip samples were taken from within an approximate 35,000 square meter area after bulldozer benching and diamond drilling. This second set of samples confirmed earlier results. 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 gram 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.
Additional information on Franklin's plans for mining at the Escala is available at www.FranklinMining.com, specifically in multiple Letters from the President to be posted during February 2008.
About The Escala Mine: 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.
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.
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Amazing what Silver is doing and where its headed. Hence, TNRI is in that arena.
Franklin Mining Inc. (FMNJ) $ 0.007 +0.0015 (+27.27%)
Volume: 26.78 m
3:59 PM EST Feb 15, 2008
Potosi - the highest "city" in the world.
And at one time the richest.
For it was here that the Spaniards mined enough silver,
as legend has it, to build a bridge of silver
that could span from South America to Spain.
Generations ago the indigenous people of the Altiplano
named the mountain where the silver was mined
"beautiful mountain" or in the Spanish translation
"rich mountain".
It's sad to see the community that was once the richest
and most prosperous in Latin America now one of
the most impoverished -
Potosi claims not only the highest city in the world
and its history as once the world's richest,
it also must list high in the ranks as the city
with the most churches.
For with all the wealth the Spanish built churches.
Many of the old houses of worship are schools or
other places of business today.
The conditions workers must perform their jobs
in the mines are depressing.
Once owned by three individuals the mines were liberated
and controlled by the state after a "revolution" of
sorts in the 1950's.
But as the price of tin plummeted as the world moved
from tin and metal containers to plastic, riots,
strikes and conditions in the mines grew worse.
The state eventually had to close down its mines.
Today the mines are owned by a handful of cooperatives
in which the minors participate.
FMNJ has a great mission to get the safety into
the mining operations -
http://www.weshow.com/us/p/12182/child_labor_in_bolivian_mines
In Bolivian Cerro Rico Mountains, one of the richest silver
depositories in the world, adults and children are being
exposed to dangerous working conditions and illnesses -
FMNJ - Mission is for safety, upgrade to modernize -
the Cerro Rico mining operations -
dd....FMNJ....
http://www.franklinmining.com/aboutfranklin/missionstatement.html
FMNJ has added a great asset to the management -
Franklin Appoints Howard Dunn Vice President of Operations -
International Mining -
Wednesday, February 13 2008 1:00 PM,
EST Market Wire "US Press Releases "
LAS VEGAS, NV (MARKET WIRE) -
02/13/08 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty,
this morning announced the appointment of
Howard B. Dunn, P.E. as Vice President of Operations
for International Mining.
Mr. Dunn, a registered Chemical Engineer -
earned a Bachelor of Science in Geological Engineering -
from the Colorado School of Mines , Golden, CO -
in 1985 and returned to earn a -
Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in -
rock-tunneling and dam design and construction
before focusing on research and development projects
in ceramics and chemical based processing
with manufacturing firms including Ueblacker & Assoc,
ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc ,
H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University
of Idaho's Business Technology Incubator
before moving to ESG, Inc. in 2000 and
American BioDiesel, Inc. in 2003,
two companies with which he continues to maintain
consulting relationships.
Prior to his work with the University of Idaho ,
Mr. Dunn's chemical engineering career included work
in areas such as ceramic processing, chemical based
processing, high performance ceramic and polymer-based
materials and chemical based recovery of waste tires,
industrial coatings technology and special
chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in
the North American development of licensed
state-of-the-art European bio-diesel
and energy from bio-mass technologies.
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.
For further information:
A. S. Austin & Company
1-702-386-5379
http://www.franklinmining.com
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5406
I am not shorting the old Bucky $US but the world is -
Fiat $US -
compared to Gold & Silver the only Real Money for 1000's of years
The higher Silver & Gold price may be a Blessing for the
miners of Cerro Rico Silver mining -
dd....FMNJ....
http://www.franklinmining.com/currentprojects.html
Imo. Tia.
God Bless -
http://investorshub.advfn.com/boards/board.asp?board_id=2957
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Escala used to be the Spaniards second largest treasure mine -
they didn't leave without first cover up the main portals -
FMNJ may still make great discoveries? -
[Suppressed Sound Link]
Barrick ABX was to restart the Escala -
when Gold in play about $300? -
today its an old Goldy treasure -
Memo - Austpac plans Bolivian deal - Austpac Gold NL -
Brief Article
American Metal Market,
July 21, 1993
NEW YORK -- Gold explorer Austpac Gold NL said it had agreed
with Bolivia's state-owned Corporacion Minera de Bolivia
(Comibol) to proceed with a gold and copper project
in the southwestern part of the country
about 150 kilometers from the border with Chile,
Reuters reported.
The property is known as the Escala field.
The site has shown assays of up to 3.9 grams of gold
per metric ton -
at shallow level -
--
With further mining -
drilling expl. etc....
FMNJ may find what ABX discovered by their expl. etc.?..
Well,
Barrick made discoveries of Gold -
and with Auspac had intentions to dev. -
The Escala mine in 1995 -
I think the Gold bullion price went down -
from a higher price of 1996 -
memo- $450 - to low of $250 in 2001 -
and the cost to dev. higher etc.
Barrick made some other priorities -
short selling gold etc. and lost
The Escala mine property -
for not fulfilling the intentions etc.?.
fyi..1995 - had made expl. on Escala Mine -
and had the intentions to develop it....
American Barrick and Austpac, says Mr. Cuellar,
recently agreed upon a
US$200 million deal to develop -
the Escala gold mine -
deposit located in Bolivia's altiplano.
DD..info..expl. Barrick - Auspac -
had intentions to dev. -
Escala Mine - in 1995 -
http://ssdc.ucsd.edu/news/chip/h94/chip.19941018.html
----
Escala's Gold Reserves Projected to Be Greater Than Expected
Thursday February 14, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 14, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News)
CEO, William Petty, confirms that Franklin will begin taking
gold from the first of its four known sources within
their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro
Blanco, the nearest of the four sites to where Franklin
is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993.
Within the year, a 70,000 square meter area at Cerro Blanco
was gridded and 134 systematic samples returned an average
1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip
samples were taken from within an approximate 35,000 square
meter area after bulldozer benching and diamond drilling.
This second set of samples confirmed earlier results.
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 gram 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.
Additional information on Franklin's plans for mining at
the Escala is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008.
About The Escala Mine:
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.
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.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080214/0361835.html
Rhodium $8560.-/oz calling on brother Silver to
come along -
stop manipulatorz gangz and Ag goes above $1K/oz + + + +
http://www.kitco.com/LFgif/rh0030lnb.gif
Franklin Appoints Howard Dunn Vice President of Operations, International Mining
Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/08 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty,
this morning announced the appointment of
Howard B. Dunn, P.E. as Vice President of Operations
for International Mining.
Mr. Dunn, a registered Chemical Engineer,
earned a Bachelor of Science in Geological Engineering
from the Colorado School of Mines , Golden, CO, in 1985
and returned to earn a -
Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in -
rock-tunneling and dam design and construction
before focusing on research and development projects
in ceramics and chemical based processing
with manufacturing firms including Ueblacker & Assoc,
ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc ,
H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University
of Idaho's Business Technology Incubator
before moving to ESG, Inc. in 2000 and
American BioDiesel, Inc. in 2003,
two companies with which he continues to maintain
consulting relationships.
Prior to his work with the University of Idaho ,
Mr. Dunn's chemical engineering career included work
in areas such as ceramic processing, chemical based
processing, high performance ceramic and polymer-based
materials and chemical based recovery of waste tires,
industrial coatings technology and special
chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in
the North American development of licensed
state-of-the-art European bio-diesel
and energy from bio-mass technologies.
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.
For further information:
A. S. Austin & Company
1-702-386-5379
http://www.franklinmining.com
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Memo - Austpac plans Bolivian deal - Austpac Gold NL -
Brief Article
American Metal Market,
July 21, 1993
NEW YORK -- Gold explorer Austpac Gold NL said it had agreed
with Bolivia's state-owned Corporacion Minera de Bolivia
(Comibol) to proceed with a gold and copper project
in the southwestern part of the country
about 150 kilometers from the border with Chile,
Reuters reported.
The property is known as the Escala field.
The site has shown assays of up to 3.9 grams of gold
per metric ton -
at shallow level -
--
With further mining -
drilling expl. etc....
FMNJ may find what ABX discovered by their expl. etc.?..
Well,
Barrick made discoveries of Gold -
and with Auspac had intentions to dev. -
The Escala mine in 1995 -
I think the Gold bullion price went down -
from a higher price of 1996 -
memo- $450 - to low of $250 in 2001 -
and the cost to dev. higher etc.
Barrick made some other priorities -
short selling gold etc. and lost
The Escala mine property -
for not fulfilling the intentions etc.?.
fyi..1995 - had made expl. on Escala Mine -
and had the intentions to develop it....
American Barrick and Austpac, says Mr. Cuellar,
recently agreed upon a
US$200 million deal to develop -
the Escala gold mine -
deposit located in Bolivia's altiplano.
DD..info..expl. Barrick - Auspac -
had intentions to dev. -
Escala Mine - in 1995 -
http://ssdc.ucsd.edu/news/chip/h94/chip.19941018.html
----
Escala's Gold Reserves Projected to Be Greater Than Expected
Thursday February 14, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 14, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News)
CEO, William Petty, confirms that Franklin will begin taking
gold from the first of its four known sources within
their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro
Blanco, the nearest of the four sites to where Franklin
is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993.
Within the year, a 70,000 square meter area at Cerro Blanco
was gridded and 134 systematic samples returned an average
1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip
samples were taken from within an approximate 35,000 square
meter area after bulldozer benching and diamond drilling.
This second set of samples confirmed earlier results.
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 gram 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.
Additional information on Franklin's plans for mining at
the Escala is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008.
About The Escala Mine:
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.
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.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080214/0361835.html
Rhodium $8560.-/oz calling on brother Silver to
come along -
stop manipulatorz gangz and Ag goes above $1K/oz + + + +
http://www.kitco.com/LFgif/rh0030lnb.gif
Franklin Appoints Howard Dunn Vice President of Operations, International Mining
Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/08 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty,
this morning announced the appointment of
Howard B. Dunn, P.E. as Vice President of Operations
for International Mining.
Mr. Dunn, a registered Chemical Engineer,
earned a Bachelor of Science in Geological Engineering
from the Colorado School of Mines , Golden, CO, in 1985
and returned to earn a -
Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in -
rock-tunneling and dam design and construction
before focusing on research and development projects
in ceramics and chemical based processing
with manufacturing firms including Ueblacker & Assoc,
ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc ,
H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University
of Idaho's Business Technology Incubator
before moving to ESG, Inc. in 2000 and
American BioDiesel, Inc. in 2003,
two companies with which he continues to maintain
consulting relationships.
Prior to his work with the University of Idaho ,
Mr. Dunn's chemical engineering career included work
in areas such as ceramic processing, chemical based
processing, high performance ceramic and polymer-based
materials and chemical based recovery of waste tires,
industrial coatings technology and special
chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in
the North American development of licensed
state-of-the-art European bio-diesel
and energy from bio-mass technologies.
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.
For further information:
A. S. Austin & Company
1-702-386-5379
http://www.franklinmining.com
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Escala's Gold Reserves Projected to Be Greater Than Expected
Thursday February 14, 8:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Feb 14, 2008 --
Franklin Mining, Inc. -
(Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News)
CEO, William Petty, confirms that Franklin will begin taking
gold from the first of its four known sources within
their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro
Blanco, the nearest of the four sites to where Franklin
is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993.
Within the year, a 70,000 square meter area at Cerro Blanco
was gridded and 134 systematic samples returned an average
1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip
samples were taken from within an approximate 35,000 square
meter area after bulldozer benching and diamond drilling.
This second set of samples confirmed earlier results.
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 gram 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.
Additional information on Franklin's plans for mining at
the Escala is available at
www.FranklinMining.com
specifically in multiple Letters from the President
to be posted during February 2008.
About The Escala Mine:
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.
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.
Contact:
Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/080214/0361835.html
Rhodium $8560.-/oz calling on brother Silver to
come along -
stop manipulatorz gangz and Ag goes above $1K/oz + + + +
http://www.kitco.com/LFgif/rh0030lnb.gif
Franklin Appoints Howard Dunn Vice President of Operations, International Mining
Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/08 --
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty,
this morning announced the appointment of
Howard B. Dunn, P.E. as Vice President of Operations
for International Mining.
Mr. Dunn, a registered Chemical Engineer,
earned a Bachelor of Science in Geological Engineering
from the Colorado School of Mines , Golden, CO, in 1985
and returned to earn a -
Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in -
rock-tunneling and dam design and construction
before focusing on research and development projects
in ceramics and chemical based processing
with manufacturing firms including Ueblacker & Assoc,
ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc ,
H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University
of Idaho's Business Technology Incubator
before moving to ESG, Inc. in 2000 and
American BioDiesel, Inc. in 2003,
two companies with which he continues to maintain
consulting relationships.
Prior to his work with the University of Idaho ,
Mr. Dunn's chemical engineering career included work
in areas such as ceramic processing, chemical based
processing, high performance ceramic and polymer-based
materials and chemical based recovery of waste tires,
industrial coatings technology and special
chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in
the North American development of licensed
state-of-the-art European bio-diesel
and energy from bio-mass technologies.
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.
For further information:
A. S. Austin & Company
1-702-386-5379
http://www.franklinmining.com
Imo. Tia
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Cerro Rico Silver Mines - The Worlds Richest Silver Mine -
Cerro Rico - "I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Cerro Rico is about 1000 feet lower today -
than it used to be before the mining -
Ex....
It has more than 800 mines adits -
many of them been covered up by 1000 yrs -
of mining (National Geog.) waste piles cover -
many of the original mine portals -
CDE taking the still rich in Silver waste piles -
http://www.coeur.com/dev_sanbartolome.html
Cerro Rico will be able to more breath, fresh air,
more ventilation etc. -
It may be to good help for the FMNJ miners
and turists -
inside the Cerro Rico -
the bottom line is -
Franklin Mining has got a neighbour CDE -
a very good great silver mining neighbour -
history repeat itself -
Potosi will be rich again -
FMNJ hold agreements for a silver mining operation at
Cerro Rico de Potosi -
dd....
http://www.franklinminng.com
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Cerro Rico Silver Mines -
"I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Potosi - coat of arms -
http://www.boliviaweb.com/photogallery/potosi0.htm
Potosi -
the city which grew up at the foot of the hill -
was said the streets to be paved with Silver -
and became a byword for luxury and splendour -
At the height of its splendour -
in the 17th Century, Potosi was one -
of the largest cities in the world -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for more than -
- 500 years.
Indeed, so rich did Cerro Rico -
prove to be that the Spanish -
colonists dreamt of building -
a bridge of solid silver all -
the way from Potosí to Madrid.
Since the date mentioned until 1719 -
great bonanza periods have been reported -
for the quality of the mineral -
with ore contents between 1,500
and 9,000 silver ounces per ton.
Expected to Become World’s Largest Pure Silver Mine -
February 12, 2008 - 8:57 AM EST
Coeur d’Alene Mines Corporation -
(NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today that it has
begun pre-commissioning activities at its -
San Bartolomé silver mine -
which is expected to produce over ten million ounces of silver
during its first twelve months of full-scale operations.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits, or
pallacos, which lend themselves to simple, low-tech
surface-mining techniques. Of the several pallaco deposits
which are controlled by Coeur and surround Cerro Rico
mountain, three are of primary importance and are known as
Huacajchi, Diablo (consisting of Diablo Norte, and Diablo
Este) and Santa Rita.
The facilities will be located near established industrial
infrastructure in the historically silver-rich area of Potosí,
Bolivia, where more than two billion ounces of silver have
been mined. The building of the new mine is expected to
generate as many as 1,000 local jobs during construction, and
approximately 200 full-time jobs during operations.
The project will also establish a foundation, called Fundespo,
to assist in the development of new local industries, such as
silversmithing and tourism etc. -
Cerro Rico - "I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Its about 1000 feet lower today -
than it used to be before the mining -
Ex....
It has more than 800 mines adits -
many of them been covered up by 1000 yrs -
of mining (National Geog.) waste piles cover -
many of the original mine portals -
CDE taking the still rich in Silver waste piles -
Cerro Rico will be able to more breath, fresh air,
more ventilation etc. -
It may be to good help for the FMNJ miners and turists -
inside the Cerro Rico -
the bottom line is -
Franklin Mining has got a neighbour CDE -
a very good great silver mining neighbour -
history repeat itself -
Potosi will be rich again -
FMNJ hold agreements for a silver mining operation at
Cerro Rico de Potosi -
dd....
http://www.franklinminng.com
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5406
The Silver from the 4824 m high Cerro Rico (Rich Mountain) -
once made Potosi the biggest city in the Americas -
and one of the richest in the world -
"I am rich Potosi -
Treasure of the world -
The king of all mountains -
And the envy of all kings" -
Legend on 16th-century Potosi -
Potosi - coat of arms -
http://www.boliviaweb.com/photogallery/potosi0.htm
Potosi -
the city which grew up at the foot of the hill -
was said the streets to be paved with Silver -
and became a byword for luxury and splendour -
At the height of its splendour -
in the 17th Century, Potosi was one -
of the largest cities in the world -
Cerro Rico, or "Rich Mountain" -
The Worlds Richest Silver Mine -
has been mined for more than -
- 500 years.
Indeed, so rich did Cerro Rico -
prove to be that the Spanish -
colonists dreamt of building -
a bridge of solid silver all -
the way from Potosí to Madrid.
Since the date mentioned until 1719 -
great bonanza periods have been reported -
for the quality of the mineral -
with ore contents between 1,500
and 9,000 silver ounces per ton.
http://tinyurl.com/uq8b5
http://whc.unesco.org/en/list/420
I AM RICH POTOSI:
The Mountain That Eats Men -
or is it - the el tio ? - 666 - That Eats Men -
the 666 bobo is a nono -
to normal Safety Standard Mining methods of precautions -
http://www.culturesontheedge.com/gallery/archives/potosi/index.html
History short snippet reflexion -
When the Spanish conquistadors first arrived in the new world -
in the 1500s, they were surprised to find a highly advanced
civilization the Aztecs of Mexico at one time their empire
stretched throughout central and North America.
Their capital city featured towering pyramids and beautiful
palaces.
But the conquistadors were shocked to discover that the Aztecs
practiced a barbaric religious ritual of human sacrifice.
In fact, the Aztecs, from ancient times to the 1500s, may have
sacrificed more people to their gods than any other culture
in human history.
When the great temple was dedicated in 1487, priests sacrificed
thousands of people in a single day.
The Aztecs sacrificed to all the gods and goddesses often
through bloodletting on the heights of the pyramids.
Again, we find that this was not a primitive culture compared
to the rest of the world at that time.
It was a highly advanced society of artists, craftsmen, and
priests. Yet they spilled more human blood tot heir gods
than any other culture in history.
One account by a Spanish conquistador tells of a skull rack
containing 136,000 heads of victims who had been ritually
murdered.
The Spanish were horrified. In response, they massacred the
Aztecs, tore down their temple and built -
a cathedral in its place.
Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the COMEX is over but physical supply remains limited while demand remains robust, particularly in China, India and wider Asia.
Knowledgeable experts continue to urge investors to own gold and silver due to the likelihood of much higher prices, currency and inflation risk.
One of the most respected global technical and macro strategists in the world, Robin Griffiths has said that silver and gold could rise to $450 and $12,000 per ounce respectively due to the debasement of paper currencies.
Dow Jones to Gold Ratio - 50 Years (Quarterly)
Griffiths was chief technical strategist with HSBC for over 20 years, has 44 years investment experience and now works for Cazenove Capital, one of the oldest investment houses in the world tracing its origins back to the 17th century. It manages money on behalf of blue blooded clients and is widely believed to manage some of the British Royal family's wealth.
When asked by King World News if his $350 target was a realistic price level for silver Griffiths stated, "That is absolutely not unrealistic. If you adjust the old all-time high for inflation...that gives you $450 for silver. Then you add in the fact that they are printing money, you can take it higher than that without any difficulty at all."
Dow Jones Industrial Average - 50 Years (Quarterly)
Griffiths told King World News that "Bulls (bull markets) are very successful at wobbling people out at the wrong time. "
Griffiths has previously said that not owning gold today is a form of insanity and "may even show unhealthy masochistic tendencies, which might need medical attention." (see here)
He has also critiqued the western media's superficial coverage of gold and their resort to Warren Buffett's ignorant comments on gold despite money printing and international currency debasement on a scale never before seen in history .
Meanwhile perhaps the leading commodity expert of our time, Jim Rogers, has said that silver was not and is not a bubble.
Regarding the recent price correction he said, "I don't know what caused it maybe it was short covering, maybe it was rumors. I have no idea." He continued "silver went down a great deal but if you raise margin requirements 150%-200% you would expect something to collapse," he added.
"I hardly see how silver could be a bubble when, even at its top, it's still below its all-time high. That's not much of a bubble."
If it goes to $150 this year, all other things being equal, then I'd say you better sell your silver. If it goes to $150 in 10 years then I would say that's a normal progression up and that's the way things work. But if the U.S. dollar suddenly turns into confetti then you better hold your silver at $200. So it depends on the circumstances and the timing more than anything else.
Since 2003, GoldCore have said that gold and silver would reach their inflation adjusted highs of $2,400/oz and $130/oz. Our estimates appear increasingly conservative especially given the fact that the official inflation statistics have been debased over the years and are not an accurate reflection of real inflation.
Predicting the future price of any asset class is impossible. Predicting that gold and silver will continue to protect against financial and economic shocks and crashes and global currency debasement is possible.
The current correction should be used as another buying opportunity in order to protect against the continuing extraordinary degree of macroeconomic, monetary and geopolitical risk in the world.
SILVER (Ag) PRODUCERS
& Related Juniors:
in no particular order
Franklin Mining, Inc. -
http://www.franklinmining.com/aboutfranklin/ourhistory.html
http://www.investorshub.com/boards/board.asp?board_id=5810
CDE Mission -
http://www.investorshub.com/boards/read_msg.asp?message_id=19737387
http://www.investorshub.com/boards/read_msg.asp?message_id=14119376
2005, Pan American -
increased its interest in San Vicente to 55% -
the Company also negotiated another toll milling
agreement with EMUSA -
under which ore will be processed at a nearby -
facility until the mill on site at -
San Vicente - is to be refurbished in 2006 -
www.ivarkreuger.com/metalcharts.htm
http://www.investorshub.com/boards/read_msg.asp?message_id=12004807
Atlantis in the Andes -
http://video.google.ca/videoplay?docid=-3316733253690634802&q=INCA+bolivia
Bolivia is the landlocked "heart" of South America -
http://www.investorshub.com/boards/read_msg.asp?message_id=15778588
http://video.google.ca/videoplay?docid=-5321262859749832389&q=INCA+bolivia
Looking down from the 6088m high summit -
of Huayna Potosi in Bolivia -
http://www.investorshub.com/boards/read_msg.asp?message_id=15778088
http://video.google.ca/videoplay?docid=-7631799111262366547&q=INCA+bolivia
http://video.google.ca/videoplay?docid=165116598393419221&q=INCA+bolivia
http://video.google.ca/videoplay?docid=3517786178230461443&q=INCA+bolivia
Silver LT following Rhodium -
Rh is frontrunner to Ag -
The Old Franklin Mines -
- has been trading above $100.00/share by Franklin Mines -
owned in US - still own them -
FMNJ - now also Cerro Rico interest -
- history often repeat itself -
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
THE FRANKLIN WANTS YOUR:
SUPPORTS, Tia -
Amen
Franklin Mining, Inc. -
(OTC Pink Sheets:FMNJ - News), working through two
Bolivian subsidiaries, is today confirming that a
Letter of Intent has been signed with COMIBOL for
mining operations at - The Cerro Rico Mine -
in Potosi -
http://tinyurl.com/y54k7r
Silver - history - very Long Term LT oversold - undervalued -
the manipulation creates hardship for Silver miners worldwide -
in the future it will explode - the more manipulation -
the higher Silver will fly -
(to see the 600yearsilver chart chart - put your mouse arrow to the box -
use the right side -
button on your mouse -
click view image)
"We have gold because we cannot trust Governments."
President Herbert Hoover
dd....
http://www.publicgold.com/tryit
dd....
http://www.PublicGold.com/tryit.net
Biggest Scam In History -
(speakers on )
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
Video Info - What is -
Money, Banking and the Federal Reserve -
Link (on the left index-column) -
http://www.ivarkreuger.com
- are the banksters naked short selling? -
- US stock shares? -
- You to be the judge! -
SILVER Monthly Long Term -
http://www.mrci.com/pdf/si.pdf
SILVER Monthly Short Term -
This oscillator shows strength & weakness in the price movements
with highs being in the sell zone & lows being in the buy zone.
http://www.silverinstitute.org/news/index.php
First Quarter Silver News 2006
http://www.silverinstitute.org/news/1q06.pdf
Commodity Fundamentals -
http://www.apexsilver.com/home.html
Welcome to join and enjoy SILVER (Ag) PRODUCERS -
InvestorsHub forum...
tell us your opinion and
ask your questions...
Imo. Tia.
Brgds.
Bob
Precious Metals Spot Price's -
Silver Charts In Global Currencies
Australian Dollar British Pound Canadian Dollar
Chinese Renminbi European Euro Indian Rupee
Japanese Yen Swiss Franc South African Rand
updated weekly
http://www.goldrush21.com/
The Hebrew word for money is "keceph", which
is translated to mean "silver."
Silver Supply & Demands -
Banking cartel info -
http://www.netcastdaily.com/broadcast/fsn2006-1028-2b.m3u
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
Precious Metal Charts Page -
http://tinyurl.com/8bhho
Gold Bullion Weekly compared to fiat Currency Chart Page -
http://www.netcastdaily.com/broadcast/fsn2006-1118-1.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2b.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2c.m3u
A must see video clip on the Federal Reserve -
and the current state of the Dollar...
http://www.freedomtofascism.com/blog/2006/12/michael-badnarik-on-federal-reserve.html
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Join GATA -
http://www.GATA.org.
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
http://www.cambridgeconferences.com/
TIA.
Silver - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
Gold - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
(Elliott Wave 5-wave Elliott Pattern)
2007 Outlook for Gold and Silver -
http://tinyurl.com/ueno9
of GoldSeek.com and SilverSeek.com says that
dollar weakness could push up price...
Silver Brothers -
http://www.silverbrothers.com/index.html
THE FIRST GREAT GOLD RUSH began in 1971....
and Gold followed Silver Bull....
Second wave LT trend started - of the 5-wave Elliott pattern -
THE FIRST GREAT GOLD RUSH began in 1971...
gold prices ran from $35 to over $700, a twentyfold rise!
A decade later, prices settled near $300,
nearly a tenfold increase!
THE SECOND GREAT GOLD RUSH, Phase One began in 2001....
gold prices have run from $275 to over $675 (25% growth/year!)
Not bad, but this is still just the warm up phase!
THE SECOND GREAT GOLD RUSH, Phase Two begins in 2007...
gold prices are expected to climb above $750 this year!
If gold prices rise twenty-fold from $275,
that's a $5,500 peak price,
with gold settling near $2,750,
a tenfold increase and 400% higher than today's price.
Investing in Silver: Silver Has Enduring Value
http://www.sim.org/
http://tinyurl.com/y824mv
http://www.flw.com/merry.htm
http://www.victorious.com/reports/ccane.htm
http://www.vatican.va
http://tinyurl.com/365wag
Gold & Silver is Money = not paper, not electronic credits,
not chips and not polo-ticz fiatz666counterfeitz -
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
http://www.ushistory.org/franklin/info/benshow.htm
http://www.ushistory.org/tour/tour_christc.htm
http://www.ushistory.org/tour/tour_fcourt.htm
http://www.ushistory.org/tour/tour_franklinsq.htm
http://www.ushistory.org/index.html
http://www.informationliberation.com/?id=12389
GATA WILL DEMAND TRUTH - ABOUT U.S. GOLD RESERVES -
Contributions may be sent to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
USA
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott who spells it our clearly -
http://www.usaidbolivia.org.bo/
http://www.usaidbolivia.org.bo/US/PressReports.htm
The United States Mission in Bolivia -
http://bolivia.usembassy.gov/english/about.htm
http://bolivia.usembassy.gov/
http://www.rothschild.com/history/
Colorado And Utah Oil Shale Deposits To Rival OPEC Oil Reserves
May 2007 | Industry News
According to the US Geological Survey (USGS),
the oil shale deposits in the US are likely to hold
as much as 1.5 trillion barrels (bbl) of Oil & Gas ....
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
Presbyterian Church (U.S.A.) - Joining Hands -
Illuminating the life of child miners in Bolivia -
http://www.pcusa.org/joininghands/stories/bolivia_cerror_rico.htm
God Bless You, and the USA missions -
http://www.youtube.com/watch?v=-Rnf7DS5YlQ
In God We Trust -
God Bless
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