Franklin Mining, Inc. (FMNJ)

[NYBob]

San Bartolome has become a very promising silver development
project in one of the world’s most -
prolific silver-producing regions -



The San Bartolome property is located on the flanks of
Cerro Rico mountain near Potosi,
a historic mining center located in southern Bolivia.

Since its discovery in 1545, this world class mining district
has produced an estimated 2 billion ounces of silver.

Coeur has made considerable progress at its
San Bartolome silver project in the historic
Cerro Rico silver district near the town of Potosi, Bolivia.

Based on a comprehensive pre-feasibility study and subsequent
geological work, Coeur initially calculated a silver
resource of 122 million contained ounces, of
which 93 percent was classified as measured and indicated.

This has since been increased to 126.6 million contained ounces.

The pre-feasibility study also demonstrated San Bartolome
to be an economically viable mining project at a $5.00 per
ounce silver price.

This was based on an annual production rate of six million
ounces of silver for a minimum of eight years, projected
total cash costs of $3.50 per ounce and an estimated
capital cost n the early stage of between $60 million
and $65 million,
including working capital requirements.

Results from the pre-feasibility study were very encouraging
and the Company elected to proceed to a final feasibility
study with all data to be rigorously reviewed by independent
third party geological and engineering consulting firms.

Coeur’s wholly-owned Bolivian subsidiary,
Empresa Minera Manquiri, S.A.,
was awarded a grant of $760,000 by the U.S.

Trade and Development Agency to assist with the
study`s completion.

In addition to commencing work on a final feasibility
study, Coeur has made excellent progress on a number
of other initiatives which should enhance project economics:


Acquired additional exploration and mining rights adjacent
to the Company`s San Bartolome project that are known
to contain significantly higher grade material

Secured special tax incentives available to
the Potosi region of Bolivia,
particularly lower value-added taxes and import duties
that could reduce project working capital requirements
by as much as $6 million.

Signed water supply and electric power agreements
at very competitive rates, well below projections
in the pre-feasibility study.

Completed a detailed study of a number of process flow
sheet improvements, including an alternative tailings
disposal plan, that collectively will reduce
capital requirements.

ESTIMATED RESOURCE: 126.6 MILLION CONTAINED OUNCES.

Although the final feasibility study will not be
completed until later in 2002, preliminary indications
are that projected total cash costs can be reduced
to at least $3.25 per ounce of silver and possibly
lower and that the project is economically attractive
at silver prices as low as $4.50 per ounce.

Furthermore, the Company has received some very
favorable metallurgical data on the possible economic
recovery of tin as a by-product and is currently
examining this opportunity to increase the economic
returns of the project.

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.

When Coeur first acquired the San Bartolome silver project
late in 1999, it was little more than an exploration property.

As a result of the dedicated efforts of the Company`s
geologists and engineers,
San Bartolome has become a very promising silver development
project in one of the world’s most -
prolific silver-producing regions.

PROJECT OPTIMIZATION OPPORTUNITIES

• Acquired additional exploration and mining rights

• Secured special tax incentives available to the Potosi region

• Signed water supply and electric power agreements at very competitive rates

• Completed a detailed study of a number of process flow sheet improvements .

All facets of the project are currently being evaluated.

San Bartolome’s silver mineralization is contained in
gravel-like channel deposits on the sides of
Cerro Rico mountain called “sucus” and “pallacos.”

The latest sampling program revealed some of these deposits
to be up to 30 per cent thicker than initial testing
had indicated.

In addition, not all of the deposits at San Bartolome
have been examined in detail and further exploration
could result in additions to the present resource.

Coeur is very pleased with results to date of its activities
in Bolivia and is in the process of examining
other opportunities in the country which could build
upon the value of San Bartolome’s silver resource.

A break of resistance at 15.13/15.14 will do -
to return a better measure of confidence to
the underlying bull uptrend -


http://www.coeur.com/dev_sanbartolome.html


I think the San Barto project -
wlll open up the rich Cerro Rico -
veins from the side -
and to open up a good incline -
wide for trucks to drive up and down? -
to ventilate the Golden oldies workings? -

CDE - old workings - soon to be bigger -

http://www.coeur.com/dev_sanbartolome.html#

FMNJ Silver LT building a strong bull flag -



Ag - soon to new beakout? -

The largest Silver producer in the world -
CDE is contructing a nice new production plant at -
the border to -
FMNJ Cerro Rico mine property -

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.

http://www.coeur.com/dev_sanbartolome.html

CDE is a very neighbour to FMNJ -
Cerro Rico Slver Mine project -
Imo. Tia.
God Bless America

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24843676

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