LAS VEGAS, NV -- (Marketwired) -- 04/25/13 -- FRANKLIN MINING, INC. (PINKSHEETS: FMNJ) -- CEO William Petty has today confirmed that he will travel to Oruru, Bolivia, for the inauguration of the pilot processing plant on Monday, April 29, 2013.
As announced on December 12, 2012, Franklin Mining and its Bolivia joint-venture partner, Huiracocha International Service, SRL, conducted initial testing as processing equipment was being prepared for use. During the testing, gold recovery rates averaged 6.0 grams per ton. Improvements to the plant's processing capabilities are expected to increase the "per ton" recovery rates for gold as much as 20%.
Following the pilot plant's initial testing, its 80 ton per day processing capacity was increased by 50%, achieving an average 120 tons per day. With an estimated 3,000 tons in inventory and daily deliveries in excess of 350 tons, additional increases are underway expanding daily processing capacity from the current 120 tons to 300 tons.
About Franklin Mining, Inc. - Franklin Mining, Inc. is a publically traded international exploration and mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia. The Company adheres to the highest standards of quality and efficiency by optimizing the Company's resources through a system which places the preservation of the environment among the Company's top objectives. Franklin Mining, Inc. endeavors to find value in fields in which the projects can be explored and exploited while contributing to the socio-economic and cultural development of its society. The Company has developed model mining operations through safe, cost effective and innovative technologies. Franklin Mining Inc.has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, and the region within which it operates. Additional information can be found at the Company's corporate website:www.FranklinMining.com.
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 at www.FranklinMining.com
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