May I remind all and especially the basher that back in 3/2005, this was the outlook from the CEO
CEO Releases 12-16 Month Outlook for Franklin Mining, Bolivia
By BusinessWire
Last Update: 3/22/2005 11:41:01 AM Data provided by
SAN ANTONIO, Mar 22, 2005 (BUSINESS WIRE) -- Franklin Mining Inc. (Pink Sheets:FMNJ) CEO Jaime Melgarejo announces the 12-16 month plan for Franklin Mining, Bolivia:
"Our 12-16 month outlook for Franklin Mining, Bolivia is as follows: We hope to have our equipment requirements in place by late second quarter or early third quarter of 2005 to increase production at Mayaya 1 to the 8-10 kilo per month production level. By mid fourth quarter 2005, we hope to start implementation of our second operation in Bolivia. We hope this will get us to the 16-20 kilo per month range. By early second quarter of 2006 we hope to start implementation of our third project. This project will most likely be in area on our other concession in a river dredging operation. We hope this project will put our total production level to about 120 kilos per month."
In other company news, the Web site is being updated this week. The new corporate address of Franklin Mining Inc. is 2764 Lake Sahara Drive, Suite 111, Las Vegas, NV 89117. The new corporate telephone number is 702-944-8972.
About Franklin Mining Inc.
Franklin Mining Company was established as a Colorado exploration and mining company in 1864. The Company incorporated on Dec. 1, 1976 and owns the Franklin Mines in Idaho Springs, Colo. In 2003, the Company shifted its focus and now operates from its headquarters in San Antonio. In 2004 the company opened a wholly owned subsidiary in Bolivia and has an active mining operation in Bolivia and acquired 95% Compania Minera Santa Catalina Ltda. in Colombia which has a concession of gold and copper ore.
For more information on this press release or Franklin Mining, please visit our webpage at www.franklinmining.com
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results 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.
SOURCE: Franklin Mining Inc.
