SOURCE: Franklin Mining, Inc.

March 06, 2008 12:34 ET

Escala I Evaluation Complete; Initial Assessment to Be Delivered on March 7, 2008; Full Report Available in Three Weeks

LAS VEGAS, NV--(Marketwire - March 6, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Vice President Howard Dunn will complete his Escala I orientation visit today and return to Santa Cruz, Bolivia on Friday, March 7th, to deliver preliminary findings and an initial assessment to William Petty, CEO.

Mr. Howard Dunn, Franklin's Vice President of Operations, International Mining, arrived in Bolivia March 2nd for familiarization and evaluation of the Escala I operation. In addition to Franklin's current silver recovery operation, Mr. Dunn also planned to evaluate possible strategies to be implemented for gold and copper recoveries.

With Escala I's silver recovery operation having produced what is now almost 800 tons of material to be processed and a potential 750 million tons available to be taken, Mr. Dunn's assessment of current operations and evaluation of equipment and other resources needed for expanding recovery efforts from two tunnels to seven will assure a smooth and orderly development. Mr. Dunn's evaluation will also assist in selecting the location site and other requirements for an Escala processing plant.

Additional information on Franklin Mining, Inc.'s plan to expand the Escala I mining operation is available at www.FranklinMining.com, specifically in three letters to shareholders from Mr. Petty during February 2008 and additional letters planned for March 2008.

Howard Dunn, P.E. was appointed Vice President of Operations for International Mining on February 13, 2008. Mr. Dunn, a registered Chemical Engineer, earned a Bachelor of Science in Geological Engineering (1985) and Master of Science in Metallurgical Engineering (1989); both degrees were earned at the Colorado School of Mines.

About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

About Franklin Mining, Inc.: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary.

Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

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.

For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.

Contact Information

  • Investor Relations
    A. S. Austin & Company
    1-702-386-5379