Saturday, February 10, 2007 2:09:56 AM
The Cerro Rico Mine - Inca - Potosi, Bolivia -
The Worlds Largest Silver Mine -
are projected to hold > 5 million metric tons of ore -
JV-Partner Comibol est. drilled shallow reserves est. said -
to contain about 1,028,645 kgs of Silver -
265,933 tons of Zinc -
and over 72,377 tons of Tin -
Reports provided by COMIBOL on Franklin's assigned veins
in the Cerro Rico have indicated est. yields -
(by Comibol shallow drillings) -
totaling 36,274,137 Troy ounces of Silver;
586,117,434 pounds of Zinc;
and 159,518,908 pounds of Tin.
When the partnership agreement was originally prepared,
Franklin/COMIBOL projected the total value of these
five veins to be approximately $2.2 Billion (USD).
Franklin Mining, Inc. -
FMNJ - recently announced having entered into a contract
for the sale of 50,000 tons of Zinc concentrate
at 47% minimum to a consortium representing
multiple entities in Japan -
The consortium, headed by a former Bolivian Ambassador
to Japan, is obtaining financing through
the Sumitomo Mitsui Banking Corporation -
for the purchase of the product.
Under terms of this contract -
Franklin is permitted to consolidate ore concentrates -
from both its Cerro Rico and Pulacayo resources.
Japanese refinery companies recovering the Zinc -
will also pay for the silver content -
of the concentrate.
Pulacayo Mining Fields:
Franklin is also set to begin processing tailings
found in the Pulacayo Mining Fields.
Yields from these tailings deposits are estimated
to total 7,973,507 Troy ounces of Silver -
and 128,605 Troy ounces of Gold.
At the time of this agreement's preparation,
recovery rates from this tailings field were
conservatively estimated at 60%, yielding
approximately $109 Million (USD).
Franklin Mining, Inc. -
(FMNJ) and its wholly owned subsidiary,
Franklin Mining, Bolivia SA,
are set to begin retrieving gold, silver and zinc under
terms of a COMIBOL partnership agreement.
Franklin Mining, Inc.'s partnership with COMIBOL
was the first to be signed with an American company
since 1952.
Metals Markets Continue Strong Performance:
With Gold's seven week high and Tin's all time high,
with Silver's strength despite forecasts for a decline
in demand and with recent projections that China's Zinc
consumption could rise as much as 56% by 2010 --
total revenues and profits from both the Cerro Rico
and Pulacayo projects stand to increase significantly
as world-wide demand and pricing continue these
upward trends.
Cerro Rico de Potosi: Franklin's partnership agreement -
with COMIBOL to begin redevelopment of -
the historic Cerro Rico de Potosi Silver Mine -
promises to yield significant profits which will be
shared equally by Franklin and COMIBOL once Franklin's
initial investment has been repaid -
The pilot plant necessary to process tailings is now
in La Paz, Bolivia and ready to be relocated to
the Pulacayo work site -
(please see our Jan 9, 2007 Press Release on this project).
Additional information on Franklin projects can be found at
http://www.franklinmining.com.
About Franklin Mining, Inc.
Franklin Mining, Inc.
has interests in the United States,
Argentina and Bolivia
which include a wholly owned subsidiary,
Franklin Mining, Bolivia,
as well as 51% interest in -
Franklin Oil & Gas, Bolivia
and 51% interest in Franklin Oil & Gas, Argentina -
Note. WHAT MADE CERRO RICO SO BIG? -
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal Silver resource -
with Zinc, Lead, Tin, PM's Gold etc. -
* Cerro Rico - INCA - has produced -
almost five times more Silver than any other BPV deposit -
* still only at the top of the huge deeper deposits -
still intact 3500 m above sea level -
still mining can be done to 25000' below sea level? -
FMNJ - Mission -
Franklin Mining - Cerro Rico Palivari II Alternative III - Bolivia -
http://tinyurl.com/y54k7r
FMNJ - Mission -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.siliconinvestor.com/subject.aspx?subjectid=56926
http://www.investorshub.com/boards/board.asp?board_id=8252
Imo. Tia.
The Worlds Largest Silver Mine -
are projected to hold > 5 million metric tons of ore -
JV-Partner Comibol est. drilled shallow reserves est. said -
to contain about 1,028,645 kgs of Silver -
265,933 tons of Zinc -
and over 72,377 tons of Tin -
Reports provided by COMIBOL on Franklin's assigned veins
in the Cerro Rico have indicated est. yields -
(by Comibol shallow drillings) -
totaling 36,274,137 Troy ounces of Silver;
586,117,434 pounds of Zinc;
and 159,518,908 pounds of Tin.
When the partnership agreement was originally prepared,
Franklin/COMIBOL projected the total value of these
five veins to be approximately $2.2 Billion (USD).
Franklin Mining, Inc. -
FMNJ - recently announced having entered into a contract
for the sale of 50,000 tons of Zinc concentrate
at 47% minimum to a consortium representing
multiple entities in Japan -
The consortium, headed by a former Bolivian Ambassador
to Japan, is obtaining financing through
the Sumitomo Mitsui Banking Corporation -
for the purchase of the product.
Under terms of this contract -
Franklin is permitted to consolidate ore concentrates -
from both its Cerro Rico and Pulacayo resources.
Japanese refinery companies recovering the Zinc -
will also pay for the silver content -
of the concentrate.
Pulacayo Mining Fields:
Franklin is also set to begin processing tailings
found in the Pulacayo Mining Fields.
Yields from these tailings deposits are estimated
to total 7,973,507 Troy ounces of Silver -
and 128,605 Troy ounces of Gold.
At the time of this agreement's preparation,
recovery rates from this tailings field were
conservatively estimated at 60%, yielding
approximately $109 Million (USD).
Franklin Mining, Inc. -
(FMNJ) and its wholly owned subsidiary,
Franklin Mining, Bolivia SA,
are set to begin retrieving gold, silver and zinc under
terms of a COMIBOL partnership agreement.
Franklin Mining, Inc.'s partnership with COMIBOL
was the first to be signed with an American company
since 1952.
Metals Markets Continue Strong Performance:
With Gold's seven week high and Tin's all time high,
with Silver's strength despite forecasts for a decline
in demand and with recent projections that China's Zinc
consumption could rise as much as 56% by 2010 --
total revenues and profits from both the Cerro Rico
and Pulacayo projects stand to increase significantly
as world-wide demand and pricing continue these
upward trends.
Cerro Rico de Potosi: Franklin's partnership agreement -
with COMIBOL to begin redevelopment of -
the historic Cerro Rico de Potosi Silver Mine -
promises to yield significant profits which will be
shared equally by Franklin and COMIBOL once Franklin's
initial investment has been repaid -
The pilot plant necessary to process tailings is now
in La Paz, Bolivia and ready to be relocated to
the Pulacayo work site -
(please see our Jan 9, 2007 Press Release on this project).
Additional information on Franklin projects can be found at
http://www.franklinmining.com.
About Franklin Mining, Inc.
Franklin Mining, Inc.
has interests in the United States,
Argentina and Bolivia
which include a wholly owned subsidiary,
Franklin Mining, Bolivia,
as well as 51% interest in -
Franklin Oil & Gas, Bolivia
and 51% interest in Franklin Oil & Gas, Argentina -
Note. WHAT MADE CERRO RICO SO BIG? -
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal Silver resource -
with Zinc, Lead, Tin, PM's Gold etc. -
* Cerro Rico - INCA - has produced -
almost five times more Silver than any other BPV deposit -
* still only at the top of the huge deeper deposits -
still intact 3500 m above sea level -
still mining can be done to 25000' below sea level? -
FMNJ - Mission -
Franklin Mining - Cerro Rico Palivari II Alternative III - Bolivia -
http://tinyurl.com/y54k7r
FMNJ - Mission -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.siliconinvestor.com/subject.aspx?subjectid=56926
http://www.investorshub.com/boards/board.asp?board_id=8252
Imo. Tia.
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