LAS VEGAS, Oct. 13, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ.pk - News) announces that the Company has
completed its first transaction on the sales of gold bearing ore.
Details of the transaction are forthcoming.
This represents the first sales transaction that Franklin has
completed and shipped of the Escala Mine's gold bearing ore to a
refinery, and the Company anticipates that this marks a pivotal
milestone in the Company's strategy to begin generating a
significant positive cash flow for the Company and its
shareholders.
About The Escala Mine: A 2,000 hectare compound owned by
COMIBOL, the Escala Mine is located in the Sud Lipez Province near
Bolivia's border with Argentina. Escala was established during the
Spanish colonial period and has, intermittently, been mined for
lead, zinc, gold and silver. In September
2007, Franklin Mining, Bolivia was awarded a joint-venture agreement
to resume mining operations.
"We are very pleased that this transaction has been completed
and the shipment sent. We plan to disclose the details shortly, and
expect that this will be the first of an ever increasing number of
transactions that will keep the Company continually growing toward
profitability," stated Mr. William
Petty, CEO and President of Franklin Mining, Inc.
About Franklin Mining, Inc. – Franklin Mining, Inc. is a
publically traded international exploration and mining company,
headquartered in Las Vegas,
Nevada, with offices in Santa
Cruz, Bolivia. The Company adheres to the highest
standards of quality and efficiency by optimizing the Company's
resources through a system which places the preservation of the
environment among the Company's top objectives. Franklin
Mining, Inc. endeavors to find value in fields in which the
projects can be explored and exploited while contributing to the
socio-economic and cultural development of its society. The Company
has developed model mining operations through safe, cost effective
and innovative technologies. Franklin Mining, Inc. has purposed to
uphold a great social commitment and respect for the environment
while creating a robust value for its shareholders, employees, and
the region within which it operates. Additional information can be
found at the Company's corporate website:
www.FranklinMining.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
