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Tumi Granted Gussarvet Historical Tungsten Resource in the Bergslagen District, Sweden
TSXV - TM Frankfurt - TUY Pink Sheets - TUMIF VANCOUVER, Nov. 9, 2011 /CNW/ - Tumi Reso...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\n\nTSXV - TMFrankfurt - TUY\nPink Sheets - TUMIF\n\n\nVANCOUVER, Nov. 9, 2011 /CNW/ - Tumi Resources Limited (the \"Company\") (TSXV-TM; Pink Sheets - TUMIF;\n Frankfurt - TUY). Mr. David Henstridge, President, reports that the Company has acquired\n through staking the Gussarvet exploration licence totaling 519 hectares\n in south-central Sweden.  This licence is in addition to the four\n tungsten licences previously staked - Wigstromsgruvan, Sandudden,\n Gansgruvan and Gensgruvan.\n\n\nThe primary target commodity on all five licences is tungsten and\n associated fluorite.  Tungsten is a strategic metal that has seen its\n value increase by more than 70% since October 2010. The tungsten metal\n market is expected to see shortages beginning in 2012, which are due in\n part to export restrictions imposed by China. China is currently the\n largest producer with 2009 data showing greater than 75% of global\n production but is soon expected to be a net importer of the metal. By\n staking this additional claim the Company will be well positioned for\n tungsten exploration in Sweden over the coming years.\n\n\nBrief details of the five licence areas are as follows:\n\n\nGussarvet:  Flood et al, 1981 report (Grb 232) inferred historical resources* of\n 200,000 tonnes at 0.34% WO3 following a 15 hole diamond drill program in which drill hole GAH 6\n intersected 7.75 m averaging 0.64% WO3  and 31.3 m grading 0.37% WO3. The tungsten mineralization occurs in skarn and epidote-quartzite\n associated with an approximately 100 m wide NE-SW trending carbonate\n horizon. According to the 1981 report, the SW end of the mineralization\n appears to be cut by a fault, and one of our objectives will be to\n locate the extension of the mineralization on the other side of the\n fault. The report also suggests that the mineralization may be open\n towards depth, thus making this a high priority target. The\n Hällsjön-Gussarvet area remains under-explored and will be one of the\n first areas to be studied by the Company to confirm and increase the\n historical resource.\n\n\nWigstromsgruvan:  The licence area contains a small historic tungsten mine that fed ore\n to the nearby Yxsjöberg mine mill. Scheelite (CaWO3) and fluorite (CaF2) mineralization occur in garnet-diopside skarn within mafic\n metavolca...