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Re: NYBob post# 670

Thursday, 02/14/2008 3:07:55 AM

Thursday, February 14, 2008 3:07:55 AM

Post# of 928
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








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