Franklin Mining Geologist Optimistic on Mayaya Project Production
Franklin Mining Geologist Optimistic on Mayaya Project Production February 8, 2005 9:57am Business Wire
LA PAZ, Bolivia--(BUSINESS WIRE)--Feb. 8, 2005--Franklin Mining, Inc. (OTC Pink Sheets: FMNJ) geologist Roberto Rocha Herrera announced, "My initial assessment of gold reserves at the Mayaya-1 Project are very positive. I have prepared a report to be released Wednesday which will detail production goals and equipment requirements."
Franklin Mining, Inc. CEO Jaime Melgarejo stated, "Ing. Herrera's initial survey showed that the tenor is much higher than we expected at this well, confirming our optimistic outlook for the mine."
About Franklin Mining, Inc.
Franklin Mining Company was established as a Colorado exploration and mining company in 1864. The Company incorporated on December 1, 1976 and operated the Franklin Mines in Idaho Springs, Colorado. In 2003, the Company shifted its focus and now operates from its headquarters in San Antonio and has active mining operations in Bolivia, near the city of La Paz, and has interests in precious and nonferrous metal properties in the United States and South America.
For more information on Franklin Mining, please visit our webpage at www.franklinmining.com or contact Ryan Smith at 949-852-3588.
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 and market acceptance risks, fluctuations in operating results 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.
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