Barrick ABX was to restart the Escala - when Gold in play about $300? - today its an old Goldy treasure -
Memo - Austpac plans Bolivian deal - Austpac Gold NL - Brief Article American Metal Market, July 21, 1993
NEW YORK -- Gold explorer Austpac Gold NL said it had agreed with Bolivia's state-owned Corporacion Minera de Bolivia (Comibol) to proceed with a gold and copper project in the southwestern part of the country about 150 kilometers from the border with Chile, Reuters reported.
The property is known as the Escala field. The site has shown assays of up to 3.9 grams of gold per metric ton - at shallow level - --
With further mining - drilling expl. etc.... FMNJ may find what ABX discovered by their expl. etc.?..
Well, Barrick made discoveries of Gold - and with Auspac had intentions to dev. - The Escala mine in 1995 -
I think the Gold bullion price went down - from a higher price of 1996 - memo- $450 - to low of $250 in 2001 - and the cost to dev. higher etc.
Barrick made some other priorities - short selling gold etc. and lost The Escala mine property - for not fulfilling the intentions etc.?.
fyi..1995 - had made expl. on Escala Mine - and had the intentions to develop it.... American Barrick and Austpac, says Mr. Cuellar, recently agreed upon a
US$200 million deal to develop - the Escala gold mine - deposit located in Bolivia's altiplano.
Escala's Gold Reserves Projected to Be Greater Than Expected Thursday February 14, 8:30 am ET LAS VEGAS, NV--(MARKET WIRE)--Feb 14, 2008 --
Franklin Mining, Inc. - (Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News)
CEO, William Petty, confirms that Franklin will begin taking gold from the first of its four known sources within their 500 hectare concession from COMIBOL.
The first mining specifically for gold will begin at the Cerro Blanco, the nearest of the four sites to where Franklin is presently mining silver, zinc and lead.
The initial discovery of gold at the Escala was made in early-1993.
Within the year, a 70,000 square meter area at Cerro Blanco was gridded and 134 systematic samples returned an average 1.2 grams of gold per ton.
A series of 783 continuous and contiguous three meter chip samples were taken from within an approximate 35,000 square meter area after bulldozer benching and diamond drilling.
This second set of samples confirmed earlier results.
Gold mineralization was strongly zoned and contained significant sections above 1.0 grams per ton.
The average of 60% of all samples was 0.51 gram per ton; the average of the remaining 40% was 1.16 grams per ton.
At the highest end of the range of all assay results, there were a few as high as 2.8 and 3.9 grams per ton.
Additional information on Franklin's plans for mining at the Escala is available at www.FranklinMining.com specifically in multiple Letters from the President to be posted during February 2008.
About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia - has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.
The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia - negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.
About Franklin Mining, Inc.: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
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, 1-702-386-5379.
Contact:
Contact: Investor Relations A. S. Austin & Company 1-702-386-5379
Franklin Appoints Howard Dunn Vice President of Operations, International Mining Wednesday, February 13 2008 1:00 PM, EST Market Wire "US Press Releases " LAS VEGAS, NV -- (MARKET WIRE) -- 02/13/08 --
Franklin Mining, Inc. - (PINKSHEETS: FMNJ) ( FRANKFURT : FMJ)
Chairman, CEO and President, William Petty, this morning announced the appointment of Howard B. Dunn, P.E. as Vice President of Operations for International Mining.
Mr. Dunn, a registered Chemical Engineer, earned a Bachelor of Science in Geological Engineering from the Colorado School of Mines , Golden, CO, in 1985 and returned to earn a - Master of Science in Metallurgical Engineering in 1989.
Mr. Dunn began his engineering career working in - rock-tunneling and dam design and construction before focusing on research and development projects in ceramics and chemical based processing with manufacturing firms including Ueblacker & Assoc, ENSECO Inc , Coors Ceramics Co, Hazen Research, Inc , H.O.T. Enterprises and AZ Technology, Inc.
Mr. Dunn also served as Executive Director of the University of Idaho's Business Technology Incubator before moving to ESG, Inc. in 2000 and American BioDiesel, Inc. in 2003, two companies with which he continues to maintain consulting relationships.
Prior to his work with the University of Idaho , Mr. Dunn's chemical engineering career included work in areas such as ceramic processing, chemical based processing, high performance ceramic and polymer-based materials and chemical based recovery of waste tires, industrial coatings technology and special chemical manufacturing.
Since 2003, Mr. Dunn has been a leader in the North American development of licensed state-of-the-art European bio-diesel and energy from bio-mass technologies.
About Franklin Mining, Inc : Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina . Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
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 , 1-702-386-5379. For further information: