William A. Petty is pleased to verify the arrival of the seven (7) units in Arica, Chile. This is the equipment requisitioned and previously announced in the press release of July 6th of this year. The New Age Mining equipment is scheduled to arrive in LaPaz, Bolivia on Tuesday, August 25th, marking a notable milestone for Franklin Mining.
Mr. Petty remains in Bolivia, with the primary objective of inspection and to coordinate the placement of this equipment at mines in the Tipauni area of Bolivia. Implementation of the previously established and proven standardized operating procedures also remains a top priority. As previously stated, the initial pilot program has demonstrated tremendous success; and now Mr. Petty can attest to the final approval of those contracts by all parties, including the Bolivian governing bodies who hold jurisdictional control.
Franklin is striving to create and maintain a cohesive business model here. By instituting a highly efficient system and working parameters for Franklin’s Partners and Cooperativas, the Corporation takes calculated steps towards insuring optimal conditions for gold production now and for the foreseeable future.
Following is the location and/or description of each of the mines, and/or the names of the Cooperativas who will assume operations of this equipment:
- Coop.Molleterio Ltda. has been operational for over 50 year and is located in the northern area of the Tipauni River known as the Chima area
- Cotoca Ltda. operates in the Rio Capitan de Zona De Cedruni, also on the Tipuani River
- A Peruvian mine established in 1931, located north of PUNO and is known to be one of the best mining areas in South America. More details regarding this mine will be provided in a subsequent statement.
Additionally, Mr. Petty has received a letter of invitation for the Guaney Cooperativas, which consist of forty-nine (49) organizations of varied size. Mr. Petty has previously visited some of these mines and will negotiate the placement of equipment within that area at a time to be determined and announced in the near future.
Mr. Petty can also optimistically report that the set schedule to complete placement before the rainy season begins in the region, is thus far on track.
Lastly, Franklin is in receipt of the ten (10) Gold Cube Technology units, also announced in the press release of July 6th of this year. More detail will be provided regarding this production equipment at a later date.
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.