Escala Joint-Venture Capital Equipment Plan Ahead of Schedule
Franklin Mining, Inc. Chairman and CEO William Petty has confirmed that the company’s Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala’s stockpiled mined material to a nearby processing plant.
“Multiple daily deliveries from the Escala to a Potosi processor will begin immediately with this first truck. By the time remaining trucks are in use and we’ve had time to workout all of the kinks in scheduling, Escala’s weekly gross revenue should be in the range of $18 – $20,000 (USD), per truck.” Mr. Petty continued, “I expect we’ll hit our stride with local deliveries and local sales by mid-December and will continue that schedule until our first pre-processing plant reaches maximum daily capacity. When we begin daily deliveries of pre-concentrate to the Potosi processor, we’ll realize an increase in gross revenues.”
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 Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
