Tuesday, January 13, 2009 1:43:31 PM
Tunnel Extension Reaches Aguilar Vein
LAS VEGAS, Jan 13, 2009 (GlobeNewswire via COMTEX) -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) directors met in San Antonio, TX on January 8, 2009 and approved recommendations made by Paul Baker, International Mining Consultant, La Paz, Bolivia. As previously announced, Mr. Baker's assessment is that 2008 pre-production development at the Escala Mine Joint-Venture resulted in three excellent cross cut haulage tunnels. Of these, the Anita, intersects the historic Aguilar Vein -- long recognized for prolific production.
Trucks are available and will begin transporting more than 1,000 tons of ore mined and removed as tunnels are being extended. Until the Escala's processing plant is fully operational, processing will be done by plants in the area. Previous samplings have shown this material holds 3% Zinc, 2.5% Lead and 300 grams of Silver per ton.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Additional information is available 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, market acceptance risks, fluctuations in operating results, political risk 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.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Franklin Mining, Inc.
By Staff
CONTACT: A. S. Austin & Company
Investor Relations
702-386-5379
(C) Copyright 2008 GlobeNewswire, Inc. All rights reserved.
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SUBJECT CODE: JOINT VENTURE
MINING
Joint Venture
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