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Tumi Resources Limited - Tumi Resources: Company and Exploration Update, 2007 Drill Programs Planned for Mexico and Sweden
Tumi Resources Limited - Tumi Resources: Company and Exploration Update, 2007 Drill Programs Planned for Mexico and Sweden.
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\nTSXv - TM\n\n\nFrankfurt - TUY\n\n\nOTCBB - TUMIF\n\n\nVANCOUVER, Aug. 8 /CNW/ - Tumi Resources Limited ("Tumi" and/or the\n"Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY).\n\n\nTo Our Shareholders: Your Company continues an aggressive acquisition and\nexploration program both in Mexico and Sweden. Your Company has maintained its\nobjective of being a premier silver explorer; Tumi has completed two drill\nprograms and has two more planned for this year.\n\n\nDavid Henstridge: "Please note that I have recently completed a video\ninterview highlighting some of your Company's main projects and outlining the\ndirection the Company is taking over the coming weeks and months. The Video\ncan be viewed at: http://mininginteractive.com/media/tumi/70718/"\n\n\nMEXICO\n\n\nThe Company has the 100% rights to nine properties located in the states\nof Jalisco and Sonora, covering approximately 114,370 hectares. There are five\nhigh priority projects which are the focus of our exploration program this\nyear; the proposed activities are as follows:\n\n\nLa Trini: In January 2005, Tumi acquired a 100% interest in the La Trini\nmineral claim, located within the Hostotipaquillo mining district, Jalisco\nState, Mexico. Tumi has completed 35 reverse circulation drill holes in two\nprograms which included results of 18.3m averaging 3.1 g/t gold and 150 g/t\nsilver in hole TRRC-6 and 24.4m averaging 6.4 g/t gold and 1,629 g/t silver in\nTRRC-32. Drilling, coupled with surface and underground sampling programs, has\ndefined a 400m long northerly trending mineralized zone. The zone is 200m wide\nand remains open down-dip to the north. There appears to be a higher grade\ncorridor along the eastern edge of this zone which includes hole TRRC-32. This\ncorridor will be the focus of a closely spaced drill program scheduled to\nstart as soon as an RC rig is contracted.\n\n\nPhoenix: At Phoenix, in Sonora, rock geochemistry along a control grid\nhas defined four distinct anomalous horizons that are at least 1.75 km long.\nThe anomalies overlie gold/silver bearing stockwork mineralization. Nineteen\nwidely spaced drill holes have been completed, totaling 1,495m. The best\nresult received in the drill program was 10m averaging 1.2 g/t gold, starting\nfrom surface, in hole PHRC-3. The Company is reviewing all data to det...