SILVER (Ag) PRODUCERS

[NYBob]

Franklin Mine - NEWS - Res. $2.2 Billion -


Est. 1864 -

Franklin Mining Announces That Mining Project Has Estimated -
Mineral Reserves of About 2.2 Billion Dollars -
LAS VEGAS, NV, Oct 19, 2006 (MARKET WIRE via COMTEX) --

Franklin Mining, Inc. -
FMNJ - announced today that estimated current market value
of the 5 veins and branches are estimated at 2.2 Billion
Dollars.

According to a report provided to Franklin Mining, Inc. -
by COMIBOL, the five veins and branches of the project
in the Cerro Rico Mine -
are projected to hold about 5 million metric tons of ore,
with the combined estimated reserves said to contain -
about 1,028,645 kgs of Silver -
265,933 tons of Zinc -
and over 72,377 tons of Tin -

yielding approximately 36,274,137 ounces of Silver -
586,117,434 lbs of Zinc -
and 159,518,908 lbs of Tin -

The reserve value is based on current LME prices of Silver -
Tin and Zinc -

The following was taken from a report provided to us
by COMIBOL.
The following are reported to be in the contract area -

LEVEL VEIN LENGTH HEIGHT WIDTH S.W.
-------------------------------------------------
"0" P A.B. 940 210 .70 3.1
"0" P A.B.R 1000 300 .70 3.1
"0" P Mesa 1600 300 .70 3.1
"0" P S.M. 1600 300 .70 3.1
"0" P S.M.R. 300 200 .70 3.1
"0" P S.P. 1600 300 .70 3.1
"0" P S.P.1 1000 300 .70 3.1
-------------------------------------------------
TOTAL 8040 273 .70 3.1
LEVEL VEIN MIN TONS DM Ag %Zn KF Ag F.TON Zn
----------------------------------------------------------------
"0" P A.B. 428358 2.5 4 107089.5 17134.32
"0" P A.B.R 651000 2 6 130200 39060
"0" P Mesa 1041600 2 6 208320 62496
"0" P S.M. 1041600 2.26 4.22 235401.6 43955.52
"0" P S.M.R. 130200 .7 1.33 9114 1731.66
"0" P S.P. 1041600 2 6 208320 62496
"0" P S.P.1 651000 2 6 130200 39060
----------------------------------------------------------------
TOTAL 4985358 1.92 4.79 1028645 265933.5
A.B. : Alcko Barreno
A.B.R.: Alcko Barreno branches (Branch: small outcrops that run
perpendicular to the main vein).
Mesa : Mesapata
S.M. : San Miguel
S.M.B.: San Miguel Branches
S.P. : San Pedro
S.P.1 : San Pedro one (this is another structure near to the other vein).


Currently the Company is working on a development plan
for the project in the Cerro Rico Mine -
Upon review and approval of the development plan by COMIBOL,
Franklin Mining -
will move forward with the commencement of their production
plan as it converts to an operation contract -

For more information about the Cerro Rico Mine Project -
including the translated report that was provided to us
by COMIBOL on the project in the Cerro Rico -
please visit our website -
www.franklinmining.com

About Franklin Mining, Inc:

Franklin Mining currently has interests in Bolivia and the
United States and opened a wholly owned subsidiary
Franklin Mining, Bolivia and majority ownership in
Franklin Oil & Gas, Bolivia.
For information about Franklin Mining, Inc.
visit our website:
http://www.franklinmining.com.

About Cerro Rico Mine:

The Cerro Rico Mine -
is considered by many to be the richest silver mine -
in the world.
Rich in zinc and silver, it has been actively mined
since the 1500s and is in operation today.
Cerro Rico is owned by Bolivia's national -
mining company, COMIBOL.

About COMIBOL:

COMIBOL is the government owned mining company in Bolivia.
COMIBOL owns the CERRO RICO mines as well as many other
properties and mineral rights in Bolivia.

DISCLOSURES:

"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995--- the Securities and
Exchange Commission. These risks could cause Franklin
Mining, Inc.'s actual results to differ materially from
those expressed in any forward-looking statements made
by, or on behalf of, Franklin Mining, Inc.

Contact:

Franklin Mining, Inc.
Andrew Austin
1-702-386-5379

SOURCE: Franklin Mining, Inc.



Franklin Mining - FMNJ is at the LT bottom -



The 1st LT Bull wave confirmed started -
expect to see a LT Elliott wave pattern -
to hike FMNJ back UP -

FMNJ TI TA - Ex. -

Bollinger bands - trading bands -
widely used to determine overbought/oversold levels -

sharp moves tend to occur -
after the bands tighten to the average -



FMNJ TA TI Elliott wave swing lines pattern -
indicating 1st LT bull wave done -
also the 5-wave ST correction wave done -

the 2nd LT bull wave started -

FMNJ - 52 Wk Hi $0.15 -

RE: Fibonacci Price Levels -

FMNJ - Fib TA frequently price correction -
will often be 38% or 62% of prior trend -

FMNJ - Fib new trends are often 162% of -
the pevious correction -

FMNJ - Fib correction about $0.02 -
FMNJ - Fib new trend 162% x 13 = to about $0.21 -

history often repeat itself -

DD ---
http://www.franklinmining.com/Projects/HardRockProjects/CerroRicoPalivariIIAlternativeIIIBolivia/tab....

http://www.investorshub.com/boards/board.asp?board_id=2957

http://www.investorshub.com/boards/board.asp?board_id=5406
Tia.