Franklin Resumes Phase I Operations at Bolivia’s Escala Mine Joint-Venture

Franklin Mining, Inc. CEO William Petty said the company has received funding necessary to resume operations at the Escala Mine effective May 1, 2009. Phase I operations at Franklin’s Escala Mine joint-venture are set to be underway at the end of this week including the delivery of stockpiled ore for processing at nearby plants. Revenues recorded in 2009’s first quarter will be minimal;... 

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Franklin Mining, Inc. Announces Escala Mine Operations to Include Gold

Franklin Mining, Inc. Chairman and CEO William Petty has arrived in Santa Cruz, Bolivia as the Escala Mine expands operations to include gold. “With the Escala’s silver recovery underway, Franklin management is now focused on expanding operations to include gold,” said Mr. Petty. “Equipment and technologies available today will allow us to quickly and efficiently expand our... 

Escala Joint-Venture Capital Equipment Plan Ahead of Schedule

Franklin Mining, Inc. Chairman and CEO William Petty has confirmed that the company’s Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala’s stockpiled mined material to a... 

E-MetaVenture Joins Franklin Mining on GTL Project

Franklin Mining, Inc. Chairman and CEO William A. Petty is pleased to announce that E-MetaVenture, Inc. has joined Franklin in the capacity of advisor on technical and commercial matters as related to GTL, CTL, and other related gas processing technologies. “E-MetaVenture, Inc, Houston, Texas provides independent consulting, design, and training services to the refining, gas processing and allied... 

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Franklin CEO Discusses Capital Financing Options for Mining and Energy Projects

Franklin Mining, Inc. Chairman and CEO William Petty released a special edition of his October 2008 Memo to Shareholders on Sunday, October 19, 2008. Discussing capital financing options available for Franklin’s mine operation in Bolivia and pending GTL agreement in Argentina, Mr. Petty has advised shareholders that he has multiple options for each project. With its previously announced $1.6... 

Franklin Approves $1.6 Million US Capital Plan for On-Site Processing at the Escala Mine

Franklin Mining, Inc. Chairman and CEO William Petty announces that Dr. Jaime Arrancibia (General Manager, Franklin Mining, Bolivia) and Mr. Paul Baker (Mine Consultant) have returned to the Escala Mine to complete their final evaluation of the site selected for placement of the first large-scale processing plant. Franklin’s recently approved $1.6 million USD capital plan provides for eight on-site... 

Franklin Executives Return to Buenos Aires, Argentina

Franklin Mining, Inc. Chairman and CEO William Petty and Fernando Infante, Executive Vice-President, have returned to Argentina for a series of meetings to review and finalize plans prior to completing further development of gas-to-liquid and oil production Letters of Intent and Memorandum of Understanding. Speaking by telephone from Buenos Aires, Mr. Petty said, “Franklin’s financial partners... 

Franklin CEO Comments on Bolivia’s Mining Industry

Franklin Mining, Inc. Chairman and CEO William Petty has reassured Franklin shareholders that the company’s Escala Mine continued operations during recent civil disturbances in Bolivia. In a statement scheduled to be posted at www.franklinmining.com later today, Mr. Petty discusses his personal commitment to the mining industry in Bolivia, to COMIBOL and to the Cooperativa INTI, Franklin’s... 

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Escala Mine Exploration Continues to Reveal Potential Significant Increases in Extractable Mineralization

Franklin Mining, Inc. Chairman and CEO William Petty confirms that Howard Dunn, PE, Vice President of Operations for International Mining, and Milton Flores, Staff Geologist, Franklin Mining, Bolivia, continue expanding their primary exploration at the Escala Mine. Mr. Dunn and Mr. Flores recently completed a week of field mapping and sampling with surface chip samples to verify earlier sampling and... 

Franklin Releases Estimated Value of West Texas Oil Lease

Franklin Mining, Inc. Chairman and CEO William Petty announces that, based on a 1997 estimated reserve value, at a 10% discount rate, prepared by Harper and Associates for $20.00 per barrel oil, the proven oil reserves and proven undeveloped oil reserves contained in the Waterflood lease have an approximate current value of $6.0 million. An announcement concerning availability and estimated value of... 

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