Franklin Mining moves from Development to Operational Stage
Franklin Mining CEO William Petty announced significant progress as the company has successfully shipped mining machinery to Bolivia, overcoming previous supply chain and transportation hurdles. Operations are set to begin in the mineral-rich region between Apolo, Tipuani, and Guanay, with the first site, Yuyuo, poised for production. The larger machinery can process over 150 tons of ore per hour, while smaller machinery handles 70 tons. A dedicated team is prepared to start two shifts, ensuring efficient operations as they enter this crucial phase.
- Successful shipment of mining machinery to Bolivia.
- Operational phase begins with planned extraction of gold.
- Minerally dense areas under contract in Bolivia.
- Team of geologists, engineers, and machine operators assembled.
- None.
Carson City, NV, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Franklin Mining CEO William Petty (OTC Pink: FMNJ) has overcome months of supply chain setbacks, manufacturing delays, and transportation issues to finally bring the previously-purchased pieces of mining machinery to Bolivia in anticipation of breaking ground and extracting gold. This exciting development officially begins the operational stage, having previously spent the time and resources mapping out potential mining areas and assembling a team of geologists, engineers, and operators.
The areas under contract are minerally dense in the triangular region flanked by Apolo, Tipuani, and Guanay, Bolivia. The first mining location, Yuyuo, will begin production as soon as the equipment has been assembled and ore arrives to be processed. The initial processing stage will recover tailings from the ground as well as alluvium from dredging the river. It is thought that this is the most economical way to begin.
The larger machinery, capable of processing more than 150 tons of ore per hour, will require 1000 gallons of water per minute, as well as a 190kv generator and six operating employees. The smaller machinery requires 600 gallons of water per minute, will use the same generator for power, and can output 70 tons per hour.
“We have organized a great team, including on-site management and machine operators, that will begin working two 8-hour shifts. We will need to perform a few more tests before we are working at full steam ahead, but I am overjoyed to be entering our operational phase after all of this time,” announced CEO William Petty.
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, email: FranklinMining.CEO@gmail.com or follow us on Twitter @FMNJ1864.
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