Quick Review of this old Stock Guru Favorite!
Franklin Mining is an international and completely modern company. Let’s take a quick look at its history.
Franklin Mining Company was established as a Colorado exploration and mining company in 1864. In 1865, the claims that comprise the Franklin Mines were located about 1½ miles north of Idaho Springs and the vein system that became the ore bodies of the Franklin Mines were also discovered that year, with the sinking of the Franklin shaft.
In 2003 a new board of directors was voted in to bring new direction and redomiciled to Nevada.
Franklin Mining Passed a Resolution to open a wholly owned subsidiary in Bolivia in 2004.
In July 22, 2004 the paperwork to establish Franklin Mining, Bolivia was started
In 2004 a Franklin Oil & Gas was established as a division of Franklin Mining, Inc.
In 2004 Franklin Mining, Bolivia started a gold operation in Bolivia
In 2005 Franklin Mining, Inc received a letter of intent from Comibol
In 2005 Franklin Oil & Gas, a division of Franklin Mining offered a GTL project on a partnership basis to YPFB.
In 2006 Franklin Mining, Bolivia has signed a contract with COMIBOL for several veins in the Cerro Rico Mine. The contract consists of doing a feasibility study prior to starting up operations.
In 2006 Franklin Mining, Bolivia signed a contract for a tailings project in Pulacayo.
In 2006 Franklin Oil & Gas signed a MOU with YPFB for a GTL project in the Rio Grande Area
In 2006 Franklin Oil & Gas signed a letter of intent with the Governor of Tierra del Fuego to do a study for a gas industrialization project.
In 2006, Franklin Oil & Gas, Bolivia was formed with Franklin Mining, Inc owning 51% of the company.
Franklin Mining is in the process of opening 3 offices, in Santa Cruz, in La Paz and in Potosi.
Their market cap was as high as about 240 million US dollars in 2006
Franklin Mining has over 4700 shareholders
This is an established company with a rich history and an exciting future.
Additional information on Franklin Mining, Inc.’s contract to process tailings at Bolivia’s Pulacayo mine is available at www.franklinmining.com. Information on the National University of San Agustin of Arequipa and SERGEOTECMIN is available at their web-sites (www.unsa.edu.pe and www.sergeomin.gov.bo).
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
SOURCE: Franklin Mining, Inc.
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Drive
Suite 111
Las Vegas, NV 89117
Website: http://www.franklinmining.com
Phone: 702-944-8972
Fax: 702-838-5130
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia including a wholly owned subsidiary, Franklin Mining, Bolivia S.A, and 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
“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.’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
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