Franklin Mining (OTC: FMNJ)
Franklin Mining Inc. (OTC: FMNJ) has a Golden History and is moving Forward with Exciting Projects at Cerro Rico in Bolivia
Franklin Mining is engaged in the exploration, development and mining of precious and nonferrous metals, including gold, silver, lead, copper and zinc.
FMNJ is no startup, but has a history of success dating back to 1976.
http://www.franklinmining.com/CompanyProfile/tabid/1216/Default.aspx
Franklin Mining, Bolivia’s Joint Venture with COMIBOL for four veins of the Cerro Rico de Potosi, has been designed and structured in anticipation of returning this historic mine to full operations.
The Cero Rico, is considered the world’s largest silver deposit.
The value of FMNJ’s Bolivian subsidiary’s Joint Venture with COMIBOL is not yet fully defined. Dr. Adrian Boyce, Senior Research Fellow, Scottish Universities Environmental Research Centre in Glasgow, has written that the Cerro Rico’s production has never been matched, having produced almost five times more silver than any other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly identified, is estimated to contain 154,011 Kilo of silver. Results from COMIBOL’s three other analysis reports have not yet been released.
In releasing this information, Franklin CEO Jaime Melgarejo confirmed FMNJ’s position in Bolivia, “Our agreement with COMIBOL is to be their partner in their goal of returning the Cerro Rico to full production. With Franklin Mining, Bolivia providing capital and technology, with FEDECOMIN providing workers and with COMIBOL having assigned the Joint Venture its four veins, work is set to begin.”
http://biz.yahoo.com/iw/060524/0131208.html
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