Business
Tumi Resources Recommences Field Work at La Trini Gold/Silver Project, Jalisco, Mexico in Preparation for a Second Phase of RC Drilling
Tumi Resources Recommences Field Work at La Trini Gold/Silver Project, Jalisco, Mexico in Preparation for a Second Phase of RC Drilling.
About this update from Kingsmen Resources Limited
[{"type":"text","content":"\n\n\n\n\nTSXv - TM\nFrankfurt - TUY\nOTCBB - TUMIF\n\nVANCOUVER, Dec. 12 /CNW/ - Mr. David Henstridge, President, is pleased to\nannounce that fieldwork has resumed at La Trini gold/silver project, Mexico.\nAn historical resource estimate was made at La Trini by National Lead in 1980\nbased on the results of 26 diamond drill holes and calculated using vertical\ncross sections constructed through the mineralized blocks using a spacing of\n45m. A mineral resource of 1,262,000 tonnes at a grade of 1.24 g/t gold and\n125 g/t silver was calculated. Although considered relevant the reader is\ncautioned that this resource estimate is historical in nature, does not comply\nwith the guidelines of National Instrument 43-101 and should not be relied\nupon. Further, the estimate has not been verified by the Company's qualified\nperson. The historical drilling did not delimit the margins of the gold/silver\nmineralization.\nIn September, the Company announced the results of an initial 15 hole\nreverse circulation drill program focused on the central 200m of a rhyolite\nporphyry host. Surface, underground and drill evidence suggests that the\nrhyolite porphyry, hosting the disseminated gold/silver mineralization, is an\nintrusion rather than a volcanic. The rhyolite dips shallowly to the north has\nbeen traced over a distance of 1 km east-west and remains open along strike\nand down dip.\nFourteen of the drill holes intersected mineralization. Using a cut-off\ngrade of 30 g/t silver, composite results ranged from a minimum width of 2 m\nto a maximum of 38.6 m, with a best result of 18.3 m at a grade of\n3.1 g/t gold and 150 g/t silver in drill hole TRRC-6 (see press release dated\nSeptember 29, 2005). Within an area of 200 m by 100 m the holes intersected\ndisseminated gold/silver mineralization over an average 14 m thickness, and\nthe mineralization remains open both along strike and down-dip.\nAn induced polarization (IP) and resistivity survey, comprising \n17 north-south traverses and centered on the known mineralization, has\ndisclosed an extensive zone of chargeability and resistivity anomalies roughly\nparallel to the projection of the rhyolite porphyry which hosts the\nmineralization. Several large and strong chargeability anomalies with\ncoincident surface geochemical anomalies were defined in the survey outside of\nthe drilled area...