The incredible news here is that cash flow will be immediate!
Stock Guru spoke with William Petty of Franklin Mining today about the Pulacayo Tailings Project in Bolivia. There is nothing in the world of business more important than cash flow and immediate cash flow is like striking gold and, in fact, that is what Franklin Mining intends to do! Well, gold, silver and a whole lot of zinc.
The price of gold closed today at $646.90. The price of silver closed at $12.90. Zinc closed at $1.4656.
Franklin’s processing of the Pulacayo Tailings is based on studies performed on the FOUR MILLION POUNDS of tailings at the Cerro Rico Mine in Bolivia.
Prior to embarking on this project a 100 Kg sample was taken from the Pulacayo Tailings for laboratory analysis. The examination indicated that the results were greater than expected. As a result of this analysis, a second, larger sample of 1,000 Kg was collected and sent for analysis. This analysis of the 200 samples will determine the chosen extraction technology.
Alex Stewart (Assayers) Ltd. of Merseyside, England and La Paz, Bolivia, is the independent company which has provided professional analysis services for the Pulacayo Tailings project.
Franklin Mining’s General Manager, Dr. Jaime Arancibia Davila on-site at Pulacayo took responsibility for site selection and its preparation. Every option available to increase gold and silver recovery rates will be taken.
We will examine the sample results which will produce immediate cash flow once the project is underway.
Stay tuned as we examine: the report which specifies the analysis of the tailings for gold, silver and zinc; the impressive partners involved in this project; the amazing technology involved and the significant potential for a short, sweet, and very serious project that is expected to be completed in eighteen to twenty-four months from the date of its beginning.
Stock Guru will bring you each press release as soon as it is published!
Contact:
Investor Relations
A. Austin & Company
1-702-386-5379
SOURCE: Franklin Mining, Inc.
Jaime Melgarejo Jr., President
Franklin Mining, Inc.
2764 Lake Sahara Drive
Suite 111
Las Vegas, NV 89117
Website: http://www.franklinmining.com
Phone: 702-944-8972
Fax: 702-838-5130
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia including a wholly owned subsidiary, Franklin Mining, Bolivia S.A, and 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.
“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.
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