Business
Tumi Resources Limited - Sweden Exploration Underway
Tumi Resources Limited - Sweden Exploration Underway.
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\nTSXv - TM\nFrankfurt - TUY\nOTCBB - TUMIF\n\nVANCOUVER, June 6 /CNW/ - Tumi Resources Limited (\"Tumi\" and or the\n\"Company\") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge,\nPresident, announces that an exploration office has been opened at the\nhistoric Sala mine in Sweden and that two geologists have been hired to\ninitiate field work on the Company's properties.\nDuring late April, Mr. Henstridge, accompanied by Mr. John Nebocat, the\nCompany's independent geological consultant, examined the surface and\nunderground workings of the Sala silver mine plus the other properties in the\nCompany's portfolio. Preliminary observations made at the Sala mine suggest\nthat the mineralization is a replacement type and is structurally controlled.\nThe historic mine workings plunge gently to the northwest, more or less\nparallel to the plunge of the folded limestone host rocks.\nOf considerable importance are the workings and old mine dumps observed\nat the ¿ster Silvberg, Tomtebo and Kalvb¿cken mines. The mined-out workings at\nsurface range from about 5 m to 20 m in thickness. The mineralization found in\nthe old dumps is of a polymetallic nature, consisting of zinc, lead, copper\nand silver sulphides. Mr. Nebocat suggests that the style of mineralization\nand the types of host and enveloping rocks is indicative of a volcanogenic\nmassive sulphide (VMS) environment.\nThe Company is planning to perform deep-penetrating EM (electromagnetic)\nsurveys on these properties, as well as on the Sala property, to test for\ndown-dip (-plunge) extensions to the existing workings and for\nyet-undiscovered mineral bodies covered by glacial overburden. The Company is\nseeking geophysical contractors, both ground and airborne, to undertake the EM\nsurveys.\nThe Company will be performing surface data compilation, geological\nmapping and sampling programs on all of the Company's properties, beginning\nwith Sala, ¿ster Silvberg, Kalvb¿cken and Tomtebo. Also, as announced on\nMay 1, 2006 and May 18, 2006, the Company has closed both its brokered and\nnon-brokered private placements raising just over $4 million. The Company has\nsufficient funds to accelerate its work programs in Sweden and Mexico.\nThe qualified person for Tumi's Projects is David Henstridge, a Fellow of\nthe Australian Institute of Mining and Metallurgy and a Me...