Good luck Iman.
CARSON CITY, NV / ACCESSWIRE / May 26, 2016 / William Petty, Chairman, CEO and President, releases an open letter to Franklin Mining, Inc (OTC Pink: FMNJ) (FMNJ) shareholders:
Last year, 2015, was spent building the foundation from which we foresee tremendous growth later in 2016. With new equipment tested and making its way to placement sites, Franklin is gearing up for a lucrative year - at last.
In the early months of 2015, the Company selected New Age Mining Equipment Company's Eliminator series and acquired two Reverse Helix Gold Trommel units. Specifically designed for small-scale operations, New Age Mining Equipment's innovative technology is in line with our commitment to respect local communities in Bolivia, their resources and the environment.
In March, William Petty arrived in Bolivia to oversee the pilot programs in advance of the 2015 rainy season. Before the pilot program could begin, I had to confirm proper equipment function, establish our initial operation procedures, and verify the feasibility of production using the new equipment.
The pilot program in Bolivia included testing on four separate samples. Based on those results, Tipuani was determined to the ideal initial processing region due to rich resources and history of gold production.
Following the completion of the initial pilot program testing and successful placement of the New Age Mining Equipment, Mr. Petty decided he would remain in Bolivia through the end of 2015 as he worked to develop a plan for a prosperous 2016. As the rainy season approached, Franklin continued developing a plan optimize this window of opportunity.
By July, the Company had secured the delivery of an additional seven Reverse Helix Gold Trommel units. This expanded testing capacity confirmed that the ore was more profitable than the available tailings.
Perhaps one of the most rewarding decisions made last year was that which saw Ricardo Gravos appointed as Chief Financial Officer of Franklin Mining. Ricardo has an impressive resume including a Bachelor of Arts in Finance from Sacred Heart University and previously worked as the Fund Manager for Soros Fund Management.
As 2015 came to a close, Franklin entered into a marketing agreement with St. George Projects Inc. who will independently process and fulfill sales orders. We have not yet achieved any sales goals after opening availability to our faithful shareholders in the fall of 2015.
Now that the rainy season is ending and production can resume, Franklin has designated two of the nine processing units to work in Peru, and seven to remain in Bolivia.
"I am so thankful and appreciative of the strong professional and personal relations we have with the leaders and members of the local cooperativas and look forward to working together for decades to come," concluded Mr. Petty. "We have a great team assembled and all the pieces are in place for a great year. I appreciate your continued patience and support."
Sincerely,
/s/ William Petty
