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TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF
VANCOUVER, Nov. 15, 2011 /CNW/ - Tumi Resources Limited (the "Company") (TSXV-TM; Pinksheets - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, announces that a diamond drill contract has been signed with Falcon Perforaciones Mexico, S.A. de C.V. This program will be the first undertaken at the La Gloria gold-tungsten-tin skarn that produced a small amount of tungsten ore by crude mining and concentrating methods in 1956. La Gloria is located about 250 km by road east of Hermosillo, Sonora and is held within two contiguous mineral claims totalling 200 hectares optioned from a private Mexican owner.
A total of five holes are proposed in this program commencing with a hole on grid line 100 where a 32 m wide channel sample averaged 3.3 g/t gold, 958 ppm tungsten and 498 ppm tin. Two further holes will be drilled on grid lines 00 and 200, each 100m either side from the first hole. Another two holes are proposed elsewhere within the skarn body as an initial test of the extent of mineralization.
Mr. Henstridge stated: "The signing of this contract so soon after completing our surface sampling program is very pleasing, and we look forward to the start of this program. It is hoped that the program will be completed this year."
The qualified person for Tumi's projects, David Henstridge, a Fellow of
the Australasian Institute of Mining and Metallurgy and a Member of the
Australian Institute of Geoscientists, has visited the La Gloria
gold-tungsten-tin project, Sonora, Mexico and has verified the contents
of this news release.
On behalf of the Board,
"David Henstridge"
David Henstridge, President & CEO
Forward Looking Statements This Company Press Release contains certain "forward-looking"
statements and information relating to the Company that are based on
the beliefs of the Company's management as well as assumptions made by
and information currently available to the Company's management. Such
statements reflect the current risks, uncertainties and assumptions
related to certain factors including, without limitations, competitive
factors, general economic conditions, customer relations, relationships
with vendors and strategic partners, the interest rate environment,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should any
one or more of these risks or uncertainties materialize, or should any
underlying assumptions prove incorrect, actual results may vary
materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.