Franklin Appoints General Manager for Bolivian Subsidiary
Posted on: Tuesday, 29 January 2008, 09:00 CST
Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO, William A. Petty, is pleased to announce that Dr. Jaime Arancibia has accepted the formal appointment by Franklin Mining's Board of Directors as General Manager and Legal Representative of Franklin Mining, Bolivia.
With more than twenty years experience in Bolivia's mining and hydrocarbons industries, Dr. Arancibia has served Franklin in a variety of capacities during the past two years. He was instrumental in assessing the Pulacayo and Escala opportunities, advised Mr. Petty in finalizing the Escala contract and supervised last Fall's start-up. Recently, Dr. Arancibia returned to the mine to prepare for anticipated rapid expansion in Spring 2008.
About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.
The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.
About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia 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.
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: Investor Relations: A. S. Austin & Company 1-702-386-5379
SOURCE: Franklin Mining, Inc.
Source: MARKET WIRE
Related Articles
- Coeur Announces Management Changes at Its San Bartolome Silver Mine in Bolivia
- Wildwood Management Corporation Concludes Transaction to Acquire Crown Mining of Bolivia
- Wildwood Management Corporation Signs Letter of Intent to Purchase Crown Mining of Bolivia
- Franklin Updates Escala Mine Production
- Franklin Vice President International Mining to Visit Escala
- Franklin Confirms Escala in First Phase of Production
- Franklin Clarifies Escala Mine Production Processes
- Franklin Issues Escala Mine Status Report
- Franklin Prepares Escala to Resume Operations
- Franklin Announces GTL Plant in Tierra Del Fuego, Argentina
 |
 |
User Comments (0)
RSS Feeds