Pulacayo Processing Plant to Be Constructed By Miramonte Mining, AG
Posted on: Thursday, 26 July 2007, 09:20 CDT
Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce they have contracted with Miramonte Mining, AG for the construction of processing plants at the Pulacayo Mine's tailings work site.
Mr. William Petty, Franklin's Business Development Consultant, traveled to Miramonte Mining's Guayaquil, Ecuador offices and finalized a Two Phase Contract for the immediate construction of a pilot plant to be followed by four additional plants at the Pulacayo Mine work site.
Miramonte Mining engineers and staff are scheduled to arrive in La Paz, Bolivia August 4, 2007 and travel to Potosi to begin preparing for construction of a 200 ton per day pilot plant as specified in Phase I of the Contract. In Phase II, an additional four plants will be constructed, each capable of processing up to 400 tons per day.
Franklin Mining, Bolivia SA will pay Miramonte Mining, AG $1,000 per ton for each plant's processing capacity.
With knowledge and experience gained from their own multiple mining operations in Ecuador, Miramonte Mining, AG is uniquely qualified to design and construct Franklin's processing plants.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.
About Miramonte Mining, AG: Headquartered in Zurich, Switzerland, Miramonte (www.miramontemining.com) currently operates multiple gold mining properties in Ecuador.
DISCLOSURES: "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.
For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.
Contact: A. Austin & Company 1-702-386-5379
SOURCE: Franklin Mining, Inc.
Source: MARKET WIRE
Related Articles
- Puda Coal Signs Letter of Intent to Restructure Six Coal Mines and Construct a Coal Gangue Power Plant in Shanxi Province
- Franklin Mining Purchases First 100 Ton Pilot-Plant for Use at the Escala Mine
- Franklin Mining Endorses Construction of Argentine GTL Plant
- Franklin Acquires La Paz, Bolivia Processing Plant
- Escala Mine to Begin Early Processing
- Bluespring Software Tells Its Hewlett Packard (HP) BPM Success Story at the 2006 Delphi Business Process &Amp; Innovation Summit
- Journal of Orthopaedic Research Reports Clearant Process Sterilization Reduces Infectious Risks in Soft Tissue Allografts, Maintains Biomechanical Performance
- Parent-Child Communication Processes: Preventing Children's Health- Risk Behavior
- Russia to Mine Up to 250 Tonnes of Gold Per Year By 2015 - Trutnev
- China's Petroleum Mining Sector Profitable While Processing Sector Loses
 |
 |
User Comments (0)
RSS Feeds