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Brownstone Resources Inc. (PINKSHEETS: BWNR | Quote | Chart | News | PowerRating) closed at $0.14 Thursday, trading 352,032 shares.
Company News- July 23, 2008: Brownstone Resources Set to Start Drill Program
Brownstone Resources Inc. (PINKSHEETS: BWNR | Quote | Chart | News | PowerRating) announced Wednesday that the company has approved the proposal for the "Phase One" development plan for the companies jointly owned "LS Grande" gold/silver/copper property located in NE Arizona.
Based on the current and historical information provided to Brownstone by their development partner, the first phase of development for the LS Grande property will include a diamond drilling program (1000m), designed to test the known zone at depth, and along strike.
Together with sampling and assaying of the drill cores, additional geophysical testing and mapping will accompany the drill program to help the company better understand and define the structure of the mineralized zones.
The results of the drill program, assaying and geophysics will assist the company in their plan to further stake and claim the surrounding area/land, and also aid Brownstone in the future development of the LS Grande.
Management will continue to keep investors and shareholders updated as our field programs yield results.
About Brownstone Resources Inc.
Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstones projects are available on the Company's website at www.brownstoneresources.com.
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Franklin Mining, Inc. (PINKSHEETS: FMNJ | Quote | Chart | News | PowerRating) (FRANKFURT: FMJ) closed at $0.0015 Thursday, trading 47,942,198 shares.
Company News- July 24, 2008: Franklin Releases Lab Analysis From Escala; Zinc Content Five Times Greater Than Earlier Report
Yesterday the following was announced:
Franklin Mining, Inc. (PINKSHEETS: FMNJ | Quote | Chart | News | PowerRating) (FRANKFURT: FMJ) Chairman and President William A. Petty releases a summary review of the assay report submitted by SGS Canada for June 2008 samples from the Escala Mine and submitted to the Franklin Board of Directors by Howard Dunn, Vice President of Operations, International Mining. The SGS report summarizes assay results from the Escala's June 2008 random-sampling campaign conducted by Mr. Dunn, Mr. Leyton (Escala Mine Engineer), Mr. Flores (Escala Staff Geologist) and members of the Escala's drilling team.
SGS Lakefield Research Limited's July 17, 2008 Certificate of Analysis indicates significantly higher assay values with lead grades at 1.1wt%, zinc grades more than five times higher at 2.1wt% and silver values slightly less at 30 g/t when compared to the previously estimated run-of-mine mineralization for lead at 0.7 weight %, zinc at 0.4 wt %, and silver at 50 g/t as reported in the March 2008 Interim Technical Report.
The June 2008 systematic random-sampling of stored mineralized material in the Escala's dump areas and adit work-face headers returned metal mineralization values five times higher for zinc, one and a half times higher for lead and 80% the level expected for silver (Samples 18 and 19). These metal values are excellent and the dilution is expected to drop to 2.5:1 for working stope areas drifting on substantial mineralized fractures. Expected run-of-mine stoping values are represented by assays returned on Samples 17 and 24. Hydrometallurgical process evaluations will continue to address the processing of gold, cadmium, copper, and arsenic found to also be present in the Escala mineralization. Concentrates from the manual processing plant (Samples 32, 33 and 34) and adit wall gangue-rock (Samples 20, 26 and 27) were also sampled and assayed.
Mr. Dunn's July 2008 Summary Report to Mr. Petty and the Franklin Board will be available at www.FranklinMining.com later today. Mr. Dunn's April and May 2008 Reports were previously made available at www.FranklinMining.com.
About Franklin Mining, Inc
Franklin Mining, Inc. has 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 International S.A. Additional information is available at www.FranklinMining.com.
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