Business
Tumi provides Mexican exploration update
Tumi provides Mexican exploration update.
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\nTSXv - TM\nFrankfurt - TUY\nOTCBB - TUMIF\n\nVANCOUVER, Sept. 19 /CNW/ - Tumi Resources Limited (\"Tumi\" and/or the\n\"Company\") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge,\nPresident, is pleased to provide an update on three of the Company's\nproperties located in northern Sonora, Mexico.\n\nPhoenix.\n\nOn the Company's 100%-owned Phoenix property, a grid has been established\nover the western part of the property where wide zones of hematite and\ncarbonate altered volcanics and sediments occur. Rock sample results from\nprevious reconnaissance surveys were announced in a news release on June 28,\n2006.\nThe grid covers an area roughly 10 square kilometres, with lines spaced\n50 metres apart. So far, 130 rock chip samples have been shipped to the\nlaboratory for analysis and sampling is ongoing. The target model sought on\nPhoenix is a structurally controlled, low-grade, bulk tonnage gold/silver\ndeposit similar to the nearby Herradura mine and Chanate and Lluvia del\nOro/Jojoba deposits.\nThe Company also advises that it is no longer pursuing the acquisition of\nthe San Felix and San Carlos gold-silver properties which had been previously\nannounced in the Company's press release of July 17, 2006.\n\nLos Tamales.\n\nThe Company has recently acquired through staking the 22 square kilometre\nLos Tamales property. The area is underlain by mostly granitic rocks\nexhibiting a strong iron oxide colour anomaly. A quartz stockwork vein system\ncontaining chalcopyrite, molybdenite, copper oxides and potash feldspar was\nobserved during a field inspection in June 2006. This style of mineralization\nis believed to be representative of the central core of a porphyry copper\nsystem.\nThis area was originally selected for study based on a 1984 United States\nGeological Survey open file report, where a heavy mineral stream sediment\nsurvey identified anomalous copper, molybdenum, lead, gold and silver values.\nThere is very little evidence of previous exploration work carried out on this\nproperty. Only three diamond drill holes were drilled by another company\nseveral years ago and are widely spaced apart. The Company has not been able\nto obtain any information about these holes.\nA program of regional stream sediment sampling and geological mapping\nwill commence shortly.\n\nBatamote.\n\nThe Company acquired t...