Carson City, NV, October 21, 2021 – McapMediaWire — After six years, Franklin Mining CEO William Petty (OTC Pink: FMNJ) has returned to Bolivia to push forward with development of several gold mining areas. Mr. Petty and Franklin’s Vice President of Operations in Bolivia, Fernando Freudenthal, signed a Letter of Intent with the Bolivia Progressa Coopertiva, represented by José Ontiveros Gonzales. This contract will allow for further development of the Puqio Norte mine, now known as “DHARMA”.
The mine comes with a great history of production, including a large tailing pond with a geomembrane, containing up to 10 million tons of material, which would be studied at the same time that the colluvial site would be developed. During this phase, studies would be conducted on the primary hard rock vein structures in the area. Mr. Petty has agreed to advance the cost of verifying the studies done on the colluvial deposits present at the mine, as identified by the geologists’ initial visit, and to begin working to reduce the environmental impact of mining the area.
COMSUR, a Bolivian company with several mining operations, was the first company to discover, develop, and exploit a mineral deposit in the Precambrian region on an industrial scale. Thus, the company has become a great source of information on the area surrounding the DHARMA mine. COMSUR previously established environmentally-friendly mining principles such as zero discharge, which means that effluents are not discharged from the production process. Ore is crushed, milled and put in solution, then circulated from water tanks to the processing plant and back. After separating solids from liquids, the water from the dam is recycled back into the plant. Franklin Mining plans to continue implementing processes such as these, which will help protect the fragile ecosystem in the area.
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.
$FMNJ CEO William Petty and the Bolivia Progressa Coopertivas have signed a LOI regarding the Dharma Concession mining area (formerly known as Puquio Norte). The area has a long history of mining according to COMSUR, with an inferred 10 million tons of #gold tailings. pic.twitter.com/Zua8qCJZHc
— Franklin Mining (@FMNJ1864) October 19, 2021