An Old Stock Guru Favorite!
Stock Guru spoke with William Petty of Franklin Mining today about the Pulacayo Tailings Project in Bolivia.
Franklin Mining, Bolivia entered into a contract for a tailings project on August 18th, 2006, and from that date Franklin has hit the ground running. The contracts provide that Franklin Mining, Inc owns 51% of this project.
Franklin has William Petty on the job. He negotiated the contracts and has been involved in South American businesses since 1974. And that’s what it is going to take to sift through FOUR MILLION POUNDS of tailings which were left over from Bolivia’s historical tin mining. Tailings are the materials left over after the process of separating the valuable fraction from the worthless fraction of an ore.
These are tin tailings. Yesterday’s tin tailings are literally tomorrow’s resource. Since 1557 Bolivia has been noted for its silver and tin mining. While mining for tin the tailing left over after the process of separating the the tin from the fraction of an ore which was not tin was dumped over vast acreage. These very tailings will be reprocessed and will become the resource.
This is where the rubber meets the road. This is where both what you know and who you know matters. Franklin has the contracts signed and the ink is dry. William Petty relied on his long term relationships in Bolivia to get that done.
Since diesel is in short supply in Bolivia Franklin has decided that the tailings will not go to the processing plant but the processing plant will go to the tailings.
This company knows what it’s doing. It has the analysis of the tailings in hand, the contracts signed, knowledge of the terrain and the experience in processing that this project will take.
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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