Franklin Mining, Inc. to Begin Production From Bolivia's La Joya Mine
25 April 2013 - 11:00PM
Marketwired
FRANKLIN MINING, INC. (PINKSHEETS: FMNJ) --
CEO William Petty has today confirmed that he will travel to Oruru,
Bolivia, for the inauguration of the pilot processing plant on
Monday, April 29, 2013.
As announced on December 12, 2012, Franklin Mining and its
Bolivia joint-venture partner, Huiracocha International Service,
SRL, conducted initial testing as processing equipment was being
prepared for use. During the testing, gold recovery rates averaged
6.0 grams per ton. Improvements to the plant's processing
capabilities are expected to increase the "per ton" recovery rates
for gold as much as 20%.
Following the pilot plant's initial testing, its 80 ton per day
processing capacity was increased by 50%, achieving an average 120
tons per day. With an estimated 3,000 tons in inventory and daily
deliveries in excess of 350 tons, additional increases are underway
expanding daily processing capacity from the current 120 tons to
300 tons.
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 additional information visit our website at
www.FranklinMining.com or contact Investor Relations:
(858) 537-7439 fmnj@asaustinco.com
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