CARSON CITY, NV / ACCESSWIRE / May 26, 2016 / William Petty, Chairman, CEO and President, releases an open letter to Franklin Mining, Inc (OTC Pink: FMNJ) (FMNJ) shareholders:
Last year, 2015, was spent building the foundation from which we foresee tremendous growth later in 2016. With new equipment tested and making its way to placement sites, Franklin is gearing up for a lucrative year - at last.
In the early months of 2015, the Company selected New Age Mining Equipment Company's Eliminator series and acquired two Reverse Helix Gold Trommel units. Specifically designed for small-scale operations, New Age Mining Equipment's innovative technology is in line with our commitment to respect local communities in Bolivia, their resources and the environment.
In March, William Petty arrived in Bolivia to oversee the pilot programs in advance of the 2015 rainy season. Before the pilot program could begin, I had to confirm proper equipment function, establish our initial operation procedures, and verify the feasibility of production using the new equipment.
The pilot program in Bolivia included testing on four separate samples. Based on those results, Tipuani was determined to the ideal initial processing region due to rich resources and history of gold production.
Following the completion of the initial pilot program testing and successful placement of the New Age Mining Equipment, Mr. Petty decided he would remain in Bolivia through the end of 2015 as he worked to develop a plan for a prosperous 2016. As the rainy season approached, Franklin continued developing a plan optimize this window of opportunity.
By July, the Company had secured the delivery of an additional seven Reverse Helix Gold Trommel units. This expanded testing capacity confirmed that the ore was more profitable than the available tailings.
Perhaps one of the most rewarding decisions made last year was that which saw Ricardo Gravos appointed as Chief Financial Officer of Franklin Mining. Ricardo has an impressive resume including a Bachelor of Arts in Finance from Sacred Heart University and previously worked as the Fund Manager for Soros Fund Management.
As 2015 came to a close, Franklin entered into a marketing agreement with St. George Projects Inc. who will independently process and fulfill sales orders. We have not yet achieved any sales goals after opening availability to our faithful shareholders in the fall of 2015.
Now that the rainy season is ending and production can resume, Franklin has designated two of the nine processing units to work in Peru, and seven to remain in Bolivia.
"I am so thankful and appreciative of the strong professional and personal relations we have with the leaders and members of the local cooperativas and look forward to working together for decades to come," concluded Mr. Petty. "We have a great team assembled and all the pieces are in place for a great year. I appreciate your continued patience and support."
Sincerely,
/s/ William Petty
William A. Petty
Chairman, CEO, and President
About Franklin Mining, Inc. (FMNJ). The company operates various mine sites under joint venture arrangements with companies in Bolivia, Peru and Mexico exercising highest standards of quality and efficiency by optimizing its resources and the preservation of the environment. In this way Franklin Mining generates value in the fields in which it operates and the projects it explores and exploits, besides contributing to the socio-economic and cultural development in the community and country it operates. Moreover, it develops mining operations through safe, low cost, innovative technology, social commitment and respect for the environment, creating value for the shareholders, employees, and the region in which it operates.
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, (866) 307-4810
SOURCE: Franklin Mining, Inc