Bolivia's Minister of Mines and Metallurgy Announces Guarantee of Operations & Support for FMNJ & COMIBOL Mining Efforts - Thursday July 27, 1:00 pm ET LAS VEGAS, NV--(MARKET WIRE)--Jul 27, 2006 --
Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) CEO Jaime Melgarejo announced today that Bolivia's Minister of Mines and Metallurgy, Walter Villarroel Morochi, released a written statement of support and commitment to organize and "guarantee a normal functioning mining operation" for COMIBOL and FMNJ.
Bolivia's Minister - was also quoted from a press conference, promoting mining development with the assurance that "Bolivia remains competitive on an international level."
In addition to the letter of commitment addressed to Franklin Mining, the press conference was held on May 3, 2006, with - the Prospectors and Developers Association of Canada Convention in Toronto.
Bolivian Minister of Mines and Metallurgy, Mr. Walter Villarroel Morochi, addressed the need to "create a competitive and secure environment for mining investment that will foster job creation, infrastructure modernization and industry partnership."
Morochi was quoted as saying, "We believe that many of these existing mining areas and areas with new potential, when properly evaluated with modern exploration technology and mining techniques, will highlight the potential for the discovery of important mineral deposits --
deposits which can surely have the opportunity to be transformed into business enterprises of world-wide importance."
"One of the key objectives of my office is to send a positive message to participants at the annual convention of the PDAC, to attract investor interest in developing and expanding the small existing mining operations, as we are confident that there are very high probabilities of finding many more - important mineral deposits.
Currently, we have an extensive list of investment requests from mining cooperatives and active mining companies that range from one-half million dollars to 2 million dollars.
These are important opportunities that are available to be taken advantage of."
"Furthermore, we will take measures that will encourage investment in ventures both large and small.
One example of this will be the declaration of 'integrated mining areas' that will respect pre-existing mineral rights in areas where many small mining concessions exist by unifying development efforts.
This will allow the Bolivian state to promote the search of strategic partners for the development of these areas. "
"This is just one example of several measures that will be taken to promote mining development and ensure Bolivia remains competitive on an international level.
We are pleased and very willing to provide any information that the investors interested in our country will require. "
"I am pleased to have this opportunity to send the message from the President, that we are working hard to establish the legal security that investment in the mining industry requires on a long term basis."
To read more details on the support of the Bolivian government and the Minister of Mines and Metallurgy - please visit http://www.mineria.gov.bo/.
Franklin Mining, Bolivia S.A. (a Bolivian corporation) is a subsidiary company of Franklin Mining, Inc.
COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc, please visit our web-site, www.franklinmining.com.
To receive Franklin Mining news by e-mail, please send contact information to info@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.
FMNJ mission want to make - a better life for all -
Silver - price start to turn around - from a 500 year very negative downturn - it made a hardship for all people of Potosi - a Long Term Turn Around is Overdue -
history to repeat itself -
the Glory to be back -
Franklin - Cerro Rico - Comibol - Goes hand in hand JV-Partners today -
Comibol owner of the Cerro Rico - trusting - Franklin - Jaime Melgarejo, Pres. - (Behre Dolbear) - to Reactivate - Hi-Tech modern state of art - the mining of the worlds richest - Famous Silver Mine -
The Cerro Rico Silver Mine -
San Miguel - San Pedro - Mesa Pata - and Alco Barreno Mines - the old Rich Silver discovery veins -
of the worlds richest Silver Mine - for more photo gallery -
Franklin Mining Announces Cerro Rico - Three Veins - Evaluated to Date - Have Potential Reserves of Over 21 Million Ounces of Silver - Thursday July 20, 8:20 am ET
Franklin Mining, Inc - (Other OTC:FMNJ.PK - News) - is pleased to announce that the three veins evaluated - to date have potential reserves that are -
over 21 million ounces of silver -
about 325 million lbs of Zinc -
and about 21 million lbs of tin.
Franklin Mining, Bolivia - (a subsidiary of Franklin Mining, Inc) - recently announced its partnership with COMIBOL - (the Bolivian national mining company) - on four veins of the Cerro Rico Mine.
"The information provided to us by COMIBOL - is exciting, and we will begin to review and analyze - the details provided as well as the potential reserves - for the remaining vein.
Franklin Releases Potential Production Capacity - of First Cerro Rico Processing Plant - Tuesday May 23, 12:48 pm ET
NV--(MARKET WIRE)--May 23, 2006 --
Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) has completed its estimate - of potential production capacity from the first - of several planned processing plants needed for - mining operations at the Cerro Rico mine -
americano, fmnj above N/R state it - in negotiation to get more than one processing plant -
well also stated by Comibol - ****REPEAT****NEWS FROM 06.08.06****REPEAT****
LLEGÓ LA FRANKLIN MINING INC Jueves 8 de junio del año 2006 Potosí - Bolivia
North American company wants to treat minerals - 06.08.06 * Repeat * -
The industralists put their eyes in - the talent of Velarde -
The representatives of the North American company Franklin Mining Inc. -
arrived yesterday at our capital and expressed - their desire to face works of mineral extraction - with the mining cooperatives - and to dinamizar the work of the Velarde Talent - that operates the company of the cooperativistas.
The general manager of the mentioned company, Stolen Darwin, presented that the delegation - that arrived at Imperial Villa is constituted - by technicians and the president - and greater shareholder, William Petty.
The commission - met with the leaders of - the Departmental Federation of Mining Cooperatives of Potosí (Fedecomin) - those who raised their predisposition to them - to face works of mineral extraction in alliance.
Also they presented that they have interest - in working in society with - Metallurgical the Minera Company - Joint-stock company (EMSA) that operates - the Velarde Talent - since they can to improve its systems of treatment - of minerals to obtain a treatment average of - 400 tons of loads per day and even more.
It is known that at the present time the talent - is operating with an average of 200 tons of load - per day and that faces some limitations to improve - its production.
The plant of Velarde - was constructed by - the Mining Corporation of Bolivia (Comibol) - that has the system of metal flotation - with a capacity to deal with complexes - lead, silver and zinc until a volume of 300 tons - of mela to the day - but the 10 of November of the 2002 - began with 100 tons by each day.
The North American industralists - announced their predisposition to accept - the Bolivian laws and to contribute - in the generation of sources of work - for the Potosinos and for that reason they love - a society with the cooperativistas - that is a sector with high social incidence - by the hiring of many workers.
The executives of the company -
Franklin Mining Inc. - also talked with the representatives of the Comibol - Regional Potosí, opportunity in which they announced - his interest to them to make specific a project - of complex mineral operation.
When he consulted himself to them on which deposit - was the one that they wanted to obtain of the Comibol - they indicated that already it was identified - and it had been spoken of the same one - but they did not want to reveal as is - for not obstructing the negotiation process - that could possibly be given with the executives - of the state miner.
Visit Potosí... And it participates in the festividad - of the Ch'utillos. The greater activity of the celebration - is the folkloric entrances of the Ch'utillos - that are made the last Saturday and Sunday of August -
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