🕐06.10.09 - 00:50 Uhr
TUMI REPORTS IMMEDIATE EXPLORATION FOCUS ON MINERAL PROJECTS IN SWEDEN
Dear Investors, Brokers and Friends:
Following the disappointing results from El Colorado in Mexico issued last
week, the Companys focus has shifted to the Bergslagen District of Sweden
where the Company has a number of drill ready targets.
For further information please see below the news release issued today.
Regards,
David Henstridge
President
TUMI RESOURCES LIMITED
News Release
October 5, 2009
TUMI REPORTS IMMEDIATE EXPLORATION FOCUS ON
THREE (3) OF ITS TEN (10) BERGSLAGEN MINERAL PROJECTS IN SWEDEN
Vancouver, Canada - Tumi Resources Limited (the "Company") (TSXv - TM;
Pinksheets - TUMIF; Frankfurt - TUY).
Mr.
David Henstridge, President, provides the following Company review of
three (3) of its active projects located in the Bergslagen district of
Sweden.
These projects form the basis of the Companys current exploration
focus.
Sala
Following the success of drill hole 08-001 (as reported on
July 16th,
2008) which intersected a 75m wide zone of zinc mineralization, holes 08-002
and 08-003 were drilled on the same section to test the up dip and down dip
extent of mineralization, respectively.
Hole 08-002, drilled above hole
08-001, intersected the mineralized zone over a 28m interval.
Hole 08-003,
drilled below hole 08-001, intersected a 92m wide zone of polymetallic
zinc-dominant mineralization.
The 92m intercept in hole 08-003 (including
7.1m at 81 g/t silver and 10.4% zinc), calculated without a lower cut-off,
averaged 3.8% zinc and 56 g/t silver.
Mineralization discovered in hole
08-003 is better in both grade and thickness with respect to the up dip
interval in 08-001 and suggests that the grade of mineralization may be
improving to depth.
Vitturn
An induced polarisation (IP) survey completed in May 2008 (see news release
dated June 3rd,
2008) discovered a coincident high chargeable-low resistivity body that
strikes in NNW orientation for approximately 400m.
The correlation of the
elevated chargeability and the low resistivity, with the good levels of data
quality and the high coherency of the chargeability decays makes this a
priority one drill target.
The chargeability anomaly map of the Vitturn area
may be reviewed on the front page of the Companys website:
www.tumiresources.com.
The trend of this anomaly appears to be contiguous
with a recent discovery to the south where another Company has publicly
stated that resource-grade sulphide mineralization has been intersected.
Tomtebo
Several old mines and workings are located in the Tomtebo area including the
Tomtebo Copper mine which closed in 1968.
In December of 2007 (see press
release Dec 10, 2007), the Company completed an induced polarization (IP)
survey covering an area of 1,000m by 800m centered on an airborne
electromagnetic (EM) anomaly located two years earlier (see press release
Nov 14, 2006).
The IP survey supports the existence of the EM anomaly and,
in addition, several previously unknown anomalies with high chargeability
and low resistivity were detected.
The data collected by the two geophysical
surveys has been reviewed, modeled and interpreted by an independent
geophysicist in Australia, and several potential drill targets have been
identified.
Pending the eventual economic and investment turnaround in the mineral
resource sector, the Company will drill test both the Vitturn and Tomtebo
projects and determine the most suitable strategy for the next phase of
exploration at Sala.
The Company continues to actively review precious
metal opportunities specifically in Scandinavia and Mexico and also on a
global basis.
Says David Henstridge, President & CEO: "Over the last few years we have
been fortunate to be able to acquire many projects in the Bergslagen
District of Sweden.
The Country has been explored and mined for hundreds of
years and also has many modern examples of mineral discoveries and mine
openings.
For more than 400 years, the Sala historic silver mine produced
approximately 200 million ounces of silver with grades up to 7,000 grams of
silver.
Sala will remain one of our key properties that we focus on, in
order to find the "twin" to the rich historic silver mine.
Last year we
drilled about 300 meters away from the historic mine; however, instead of
discovering high grade silver we discovered thick ore-grade zinc dominant
mineralization.
With a precious metal focus, Tumi remains determined to
discover the potential elusive Sala high-grade silver "twin".
The Companys
immediate focus is now on the Vitturn project, located directly north from a
known base-metal discovery and within the historic Stollsberg mining
district.
The Vitturn large IP anomaly, previously defined by the Company
for over 400m in length, warrants testing.
The project is drill ready and
we will test it as soon as suitable financing has been arranged."
The qualified person for Tumis projects, David Henstridge, President & CEO,
a Fellow of the Australasian Institute of Mining and Metallurgy and a Member
of the Australian Institute of Geoscientists has verified the contents of
this news release.
On behalf of the Board,
"David Henstridge"
David Henstridge, President & CEO
Company Contact:
Mariana Bermudez at (604) 699-0202
or email:
website: www.tumiresources.com
Investor Information Contact:
Mining Interactive
Nick L.
Nicolaas at (604) 657-4058
or email:
Forward Looking Statements This Company Press Release contains certain
"forward-looking" statements and information relating to the Company that
are based on the beliefs of the Companys management as well as assumptions
made by and information currently available to the Companys management.
Such statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships with
vendors and strategic partners, the interest rate environment, governmental
regulation and supervision, seasonality, technological change, changes in
industry practices, and one-time events.
Should any one or more of these
risks or uncertainties materialize, or should any underlying assumptions
prove incorrect, actual results may vary materially from those described
herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange), nor the
Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy
of this news release.