Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. OTC Markets
  5. Franklin Mining, Inc.
  6. News
  7. Summary
    FMNJ   US3538792082


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: Franklin Mining to Employ Eco-friendly Gold Processing Service and Extraction

06/08/2021 | 08:47am EDT
DGAP-News: Franklin Mining, Inc. / Key word(s): Miscellaneous 
Franklin Mining to Employ Eco-friendly Gold Processing Service and Extraction 
2021-06-08 / 14:45 
The issuer is solely responsible for the content of this announcement. 
Carson City, Nevada--(Newsfile Corp. - June 8, 2021) - Mr. Giovanni Viscarra, a geologist contracted by Franklin Mining 
(OTC Pink: FMNJ), has submitted his findings to CEO William Petty and the mining company plans to proceed with future 
mining and processing efforts. Mr. Petty has been researching co-operative and private operations and cultivating 
relationships with Bolivia's mining co-operatives, located in La Paz, Tipuani, Mapiri and Guanay areas since 2013. 
These areas are where initial testing was carried out by means of tailings processing using smaller, research- oriented 
machines operating under the same basic technical principles of the new, larger machinery being built and shipped to 
Bolivia later this year. 
Typical gold metallurgical recoveries achieved by Bolivia's artisanal miners are of 40-50%, which is accomplished by 
utilizing antiquated gravity circuits. Despite this, there are hundreds of profitable operations in the region, 
resulting in the high presence of gold-rich tailings. Franklin Mining will have access to modern processing 
technologies, by means of which estimated recoveries of up to 90% can be achieved. The proposed processing method 
utilizes only gravity and involves no leaching, which reduces costs along with the negative environmental impact. 
Alluvial deposits in the area traditionally have high clay content contributing to the poor metallurgical recoveries 
co-operative miners are currently obtaining. Franklin Mining plans to use a plant for processing built to specification 
in order to avoid these issues that were encountered during the 2015 Pilot Program. 
The chosen area has a long history of profitable alluvial mining, with modern operations dating back to 1920. However, 
the area has been mined since pre-Colombian times. Statistics from SENARECOM (Servicio Nacional de Registro y Control 
de Comercializacion de Metales y Minerales/National Service of Registration and Control of Marketing of Metals and 
Minerals) indicate a weekly production of 300Kg of gold from the Tipuani and Guanay area. In recorded history, it has 
produced an estimated 35 million ounces of gold. 
According to the latest report from the geologist, the area is highly prospective, with co- operatives constantly 
expanding to new mining prospects. An American mining company, Golden Eagle, has mined the area previously, declaring a 
proven reserve of 6.4 million ounces at an average grade of 5.4 g/t. in 1998. 
When discussing the future of Franklin Mining, CEO William Petty said, "At FMNJ, we have assembled a team which has all 
the necessary skills and experience to successfully implement our business plan. Our model is safe and adheres to 
strict risk-management policies as it involves acquiring and managing mobile units in producing mines with whom we have 
a preexisting relationship." 
Franklin Mining will focus its production efforts on high grade areas where the company has strong relationships with 
the co-operatives who hold the mining leases such as FERRECO, the largest of the two co-operative gold miner's 
associations in La Paz. There are also pre-existing agreements with producing mines located in the Tipuani River who 
have a history of production and a tradition of fair play. 
The Agreement format used to work with the local co-operatives is one where Franklin Mining, assisted by a local 
partner company, will provide Tailings Processing Services (including all CAPEX and OPEX) to the co-operative partners 
for a percentage of the Gross Production obtained from processing the aforementioned tailings. 
Mr. Petty summarized his future plans by saying, "I hope processing to commence in September 2021. After initiating 
operations, one more processing unit will be purchased and assigned to either the same area or a very attractive zone 
in the Pre-Cambrian shield, in the part of the country close to Santa Cruz." 
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the 
Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward- 
looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 
1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally 
preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," 
"eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and 
uncertainties that could cause future circumstances, events, or results to differ materially from those projected in 
the forward-looking statements, including the risks that actual results may differ materially from those projected in 
the forward-looking statements as a result of various factors, and other risks identified in a company's annual report. 
For additional information, visit our website, www.FranklinMining.com, Phone: 830-331-0031, Email: 
FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864 
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86878 
Click on, or paste the following link into your web browser,to view the associated documents http:// 
News Source: Newsfile 
2021-06-08 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      Franklin Mining, Inc. 
              United States 
ISIN:         US3538792082 
EQS News ID:  1205647 
End of News   DGAP News Service 

1205647 2021-06-08

Image link: 
Image link: 
Image link: 

(END) Dow Jones Newswires

June 08, 2021 08:46 ET (12:46 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.04% 33928.96 Delayed Quote.10.91%
FRANKLIN MINING, INC. 0.67% 0.0299 Delayed Quote.-10.00%
GOLD 0.32% 1783.26 Delayed Quote.-6.03%
S&P GSCI GOLD INDEX 0.08% 1038.3677 Delayed Quote.-6.21%
SILVER 0.92% 26.028 Delayed Quote.-1.57%
All news about FRANKLIN MINING, INC.
06/08Franklin Mining to Employ Eco-friendly Gold Processing Service and Extraction
06/08FRANKLIN MININGá : to Employ Eco-friendly Gold Processing Service and Extraction
06/08PRESS RELEASE : Franklin Mining to Employ Eco-friendly Gold Processing Service a..
02/01Franklin Mining Upgrades Mining Equipment for Upcoming Mining Operation in Bo..
02/01FRANKLIN MININGá : Upgrades Mining Equipment for Upcoming Mining Operation in Bo..
02/01PRESS RELEASE : Franklin Mining Upgrades Mining Equipment for Upcoming Mining Op..
01/07Franklin Mining Receives Report from Geologist on Future Mining Locations
01/07FRANKLIN MININGá : Receives Report from Geologist on Future Mining Locations
01/07PRESS RELEASE : Franklin Mining Receives Report from Geologist on Future Mining ..
2020Franklin Mining Corporate Update & Mining Operations
More news
Duration : Period :
Franklin Mining, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
William A. Petty Chairman, President & Chief Executive Officer
Kurt Spenkoch Secretary, Treasurer & Director
Sector and Competitors
1st jan.Capitalization (M$)
POLYUS-3.47%27 141