LAS VEGAS, Oct. 27, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ.pk) is pleased to announce that Bolser,
Ltda. is set to commence operations at the Escala and La Joya
mining properties in the Bolivian territory.
Bolser Ltda., former Contractor of the notable San Cristobal
Mine, will be undertaking their tasks imminently at the Bolivian
Mines that they will be supervising. The Company was responsible
for the Operations Management of the San Cristobal Mine which
consisted of forty seven Kilometers, or twenty six miles which
under Bolser's control yielded a 100 million
dollar development. The property has since been acquired by
a Summuno Japanese firm.
In 2009 Franklin Mining entered into a Strategic Alliance
agreement with Bolser Ltda., during which period Bolser has become
familiar with the anticipated goals and day to day operations of
the Company. Franklin Mining's management has developed great
confidence in the belief that Bolser's experience and track record
in the territory will serve as a key benefit to the future success
and implementation of an increasingly productive and streamlined
operation.
"We are very pleased to be working with Bolser's direct
management support. Having Bolser's robust level of experience to
assist in the development of our properties, we are highly
anticipating great results," stated Mr. William Petty, CEO and President of Franklin
Mining, Inc.
About Bolser Ltda. Bolivia: Bolser Ltda. is a 99% subsidiary
of Bolser PLC. Bolser Ltda. has 34 years experience in the
construction and maintenance of pipelines, roads, bridges, oil and
gas processing plants, oil and gas production facilities and
petroleum storage infrastructure. The company has a thorough
understanding of the logistical difficulties particular to the
region and is focused on being the leader in the oil and gas
infrastructure business in the Southern Cone, particularly in
Bolivia, and expanding to growing
markets such as Brazil and
Peru.
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.
