SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

April 22, 2010 08:44 ET

Franklin Signs Operating Agreement for Bolivia's Sorpresa Antimony Mine

LAS VEGAS, NV--(Marketwire - April 22, 2010) -  Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman, CEO and President William Petty is pleased to announce having recently signed a twenty-year agreement for all mining and marketing activities within an area known as the Sorpresa mining license. Located in the Department of Potosi Canton Tinguipaya, Tomas Frias Province, the Sorpresa was an operating mine through 2005 with an established, well documented Antimony production.

Franklin's Sorpresa operating agreement permits the exclusive, full prospecting, exploration, exploitation, refining, melting and marketing rights for all minerals and metals found within the area of the mining license. Included in the agreement is full use of all water and surface rights customary to mining without limitation or restriction.

The full use of camps, other facilities and all equipment existing at the Sorpresa as well as all past and current technical documentation (such as maps, drawings, geological, metallurgical and environmental studies) are included in the agreement. Other documentation including technical and scientific studies pertaining to future development and exploitation projects are also available to Franklin.

An undisputed majority of the world's antimony needs are supplied by China. Bolivia has, in recent years, generally been recognized as the second, third or fourth largest supplier.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional company 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.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.

Contact Information

  • For additional information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A S Austin Company, 210-204-5068 or FMNJ@asaustinco.com.