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| | Fri Jun 11, 2010
Franconia Minerals Corporation: Trading Update
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| | June 11, 2010 Spokane Valley, Washington: Franconia Minerals Corporation ("Franconia") (TSX: FRA) notes that, at the request of market surveillance and on behalf of the Toronto Stock Exchange, Franconia is issuing a statement that the company is not aware of any material undisclosed development that would cause recent movements in the company's share price.
Franconia is continuing the development of its Birch Lake copper-nickel-platinum-palladium deposit, part of the Company's Duluth Complex copper-nickel-platinum-palladium project -- also consisting of the Maturi and Spruce Road deposits - in this highly prospective region of northeastern Minnesota.
About Franconia Minerals Corporation (TSX: FRA): Franconia is currently focused on the development of the Duluth Complex copper-nickel-platinum-palladium project - consisting of the Birch Lake, Maturi and Spruce Road deposits - in this highly prospective region of northeastern Minnesota. The latest NI 43-101 report estimates an Indicated Resource of 131.2 million tonnes, plus an Inferred Resource of 37.5 million tonnes for the Birch Lake deposit (see news release dated September 23, 2009). Underground mining at Birch Lake will minimize the surface impact of the operation. Also, storage of mine wastes underground would further minimize the surface impact. Additional resources at the Birch Lake project include Inferred Resources at the Maturi deposit (see news release of September 6, 2006) and at the Spruce Road deposit (see news release of December 3, 2007). Independent reports prepared to NI 43-101 standards by Scott Wilson RPA are available at www.SEDAR.com and www.franconiaminerals.com.
In the US: Douglas Sherk: 415 896 6820
dsherk@evcgroup.com
In Toronto: Greg Taylor: O: 905 337 7673 / M: 416 605-5120
gtaylor@franconiaminerals.com
In Vancouver: Farah Alibhai: 604 731 7340
info@franconiaminerals.com
FORWARD-LOOKING STATEMENT: Although Franconia Minerals Corporation believes many of its properties have promising potential. These properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted. |
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| | You can view the Next News Releases item: Wed Jun 23, 2010, Franconia Minerals Extends Birch Lake Copper-Nickel-Pgm Deposit with Drill Hole Intersecting 130 Feet of 1.34% Copper Equivalent
You can view the Previous News Releases item: Thu Jun 3, 2010, Franconia Minerals Hits 243 Feet Of 1.28% Copper Equivalent At Birch Lake Copper-Nickel-Pgm Deposit, Minnesota
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