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Development and operations at the Turiri between the late-fifties and mid-eighties was well designed, expertly engineered and thoroughly documented. Full environmental licenses for mining operations are in existence. A review of mapping, engineering and geological studies, laboratory analysis and other historical records by Franklin managers and consultants indicates that little more than 5% of the reserves have been mined.
Franklin will immediately begin selling high grade vein ore and stockpiling lower grade materials until a sufficient accumulation will permit plant operations to resume at full capacity. Gross revenue less direct operating cost will be shared between Franklin and the Turiri with Franklin receiving 60%.
Estimated initial production of 50 tonnes per month of 60 to 67% antimony is expected to triple by the fourth month of operations. Production of lower grade material should reach 750 tonnes per month during the same period.
About Franklin Mining, Inc: Franklin Mining, Inc. holds mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.com.
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.9s 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 Department, 210-525-1267.
For further information: www.FranklinMining.com Investor Relations Department 210-525-1267
SOURCE: Franklin Mining, Inc.
http://www.FranklinMining.com
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