San Cristobal, a USD 680 million silver/zinc/lead project located in the department of Potosi, Bolivia, will be a large-scale, open-pit mining operation using conventional mining and processing technologies.
Silver-rich lead and zinc concentrates will be shipped via rail to the Port of Mejillones in Chile for supply to smelters throughout the world.
Over its expected life of 16 years, San Cristobal will produce 451 million oz silver, 3.66 million tons zinc and 1.35 million tons lead at a first quartile cost of USD 0.14/lb zinc.
During the Project’s first five years, annual silver production averaging 26.5 million ounces should make it the world’s fourth largest silver mine, zinc production averaging 216,000 tonnes should make it the seventh largest zinc mine, and lead production averaging 89,200 tonnes should make it the world’s sixth largest lead mine.
San Cristobal will represent approximately: 1.12% of Bolivian GDP, 12.56% of exports and 29.03% of cross-border trade with Chile.
He is back - Potosi, Bolivia, - to be Rich again -
history repeat itself -
April 20, 2006 - 3:06 PM EDT
Franklin Retains Quintanilla & Soria Franklin Mining, Inc.
(OTC: FMNJ) has retained Quintanilla & Soria Abogados, a law firm with offices in La Paz and Santa Cruz, Bolivia. Quintanilla & Soria, established in 1975, is legal counsel to a broad range of clients in both the corporate and commercial sectors with an emphasis in energy, taxation and foreign investment and has been involved in the San Cristobal project since its initiation.
Clients include the Bolivian branch of Coca-Cola, Ford and PricewaterhouseCoopers.
Santiago Nishizawa Takano, a partner at Quintanilla & Soria, will serve as counsel to Franklin Mining, Bolivia and represent Franklin Mining, Inc. in reviewing all Memorandum of Understanding, Letters of Intent, contracts and agreements. Mr. Takano holds degrees from Columbia Law School (LL.M.), Chuo University Graduate School of Law, Tokyo, Japan (LL.M.) and Universidad Mayor de San Andres, La Paz (J.D.) and has been a member of both the Bolivian National Bar and the La Paz Bar since 1989.
Mr. Takano's areas of specialization include Business Law; Corporate Law; Telecommunications Law;
Energy Law; Oil Law; and, Oil, Hydrocarbons and Mining Law.
"With Quintanilla & Soria's experience in the San Cristobal project and Mr. Takano's expertise in Mining Law, -
Franklin Mining is very confident as we move into the last days of establishing our Joint Venture with COMIBOL."
In making today's announcement, Jaime Melgarejo, Franklin Mining, Inc.'s CEO also expressed appreciation to William Petty of Petty International Development Company for his assistance in recent negotiations.
"Our hard work these last few months has resulted in a very strong relationship with COMIBOL and the Potosi miners cooperatives."
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.
Additional information on company operations is found at our website http://franklinmining.com. To receive future company announcements by e-mail, please send your contact information to info@franklinmining.com.
News 
Market Data 
Discover 
AI
