SOURCE: Franklin Mining, Inc.

November 15, 2006 08:14 ET

Franklin Mining Announces Results of Mineral Samples Testing to Be Completed in About 2 Weeks

LAS VEGAS, NV -- (MARKET WIRE) -- November 15, 2006 -- Franklin Mining, Inc (PINKSHEETS: FMNJ) announces samples on the Pulacayo Tailings Project to be completed in about 2 weeks.

In a report provided to Franklin Mining, Bolivia by Z & H consultants this tailings project is said to contain about 7,973,507 troy ounces of silver and 128,605 troy ounces of Gold. NY Spot prices of $12.82 bid for Silver and $624.20 bid for gold at close of November 13, 2006 give this project a total reserve value at 60% recovery about 109 Million USD.

Mr. Jaime Melgarejo, President of the Company, and Mr. William Petty, lead consultant of the company, are in South America currently reviewing progress of projects and pending projects.

In August 2006, Franklin Mining, Bolivia entered into a contract for the Pulacayo Tailings Project. Franklin Mining, Inc. owns 51% of this project in exchange for capital. Three tons of material has been taken for analysis. Franklin Mining has been waiting for the results of the analysis for the past several weeks. Following due diligence to confirm mineral content, recovery rate, and other items Franklin Mining will move forward to secure the pilot plant.

Pictures of the sampling process and the Pulacayo area will be made available this week on our website. For more information about the Pulacayo Tailings project including perspective cash flow analysis, project reports visit our web site at www.franklinmining.com.

About Franklin Mining, Inc:

Franklin Mining currently has interests in Bolivia and the United States and opened a wholly owned subsidiary in Bolivia and owns a majority ownership in Franklin Oil & Gas, Bolivia. For information about Franklin Mining, Inc. visit our website: http://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

  • Contact:

    Franklin Mining, Inc.
    Andrew Austin
    1-702-386-5379