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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 [...]
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 [...]
Franklin Mining, Inc. Chairman and CEO William Petty confirms he has received numerous inquiries concerning recently announced zinc content of Bolivia’s Escala Mine. Mr. Petty also confirms that Franklin’s Vice President of Operations for International Mining, Howard Dunn, P.E., is returning to Bolivia earlier than planned to supervise final testing and preparation for upcoming site [...]
Franklin Mining, Inc. Vice President of Operations for International Mining, Howard Dunn, P.E., has advised the Franklin Board of Directors that based on the excellent results of the Escala Mine’s tier II sampling results, additional samples to extend the potential mineralized area and confirm earlier tests have been prepared and submitted for precious metal evaluation. [...]
