Franklin Mining, Inc. (FMNJ)

[murdock]

LAS VEGAS, Jan 27, 2009 (GlobeNewswire via COMTEX) -- FMNJ | Quote | Chart | News | PowerRating -- Franklin Mining, Inc. (Pink Sheets:FMNJ) (Frankfurt:FMJ) is continuing tunnel development at their Bolivian Joint-Venture silver mine. Phase II development, which includes a 3 Meter x 3 Meter x 30 Meter depth shaft, is set to begin in early 2009 and expected to increase future daily production approximately 100%.
Laboratory analysis of a 6,580 kilo shipment of concentrate from the Escala's Phase I tunnels indicates 77.16 troy ounces of Silver per ton. Phase I's current tunneling is nearly fully complete to its initial planned depth of 30 meters. Applying typical reserves calculations to the Escala's 2 Meter wide, 1.5 Km long mineralized vein structure, the approximate in situ reserves are 9,000,000 tons at the present 30 meter depth.