TSXv - TM
Frankfurt - TUY
OTCBB - TUMIF
VANCOUVER, Sept. 19 /CNW/ - Tumi Resources Limited ("Tumi" and/or the
"Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge,
President, is pleased to provide an update on three of the Company's
properties located in northern Sonora, Mexico.
Phoenix.
On the Company's 100%-owned Phoenix property, a grid has been established
over the western part of the property where wide zones of hematite and
carbonate altered volcanics and sediments occur. Rock sample results from
previous reconnaissance surveys were announced in a news release on June 28,
2006.
The grid covers an area roughly 10 square kilometres, with lines spaced
50 metres apart. So far, 130 rock chip samples have been shipped to the
laboratory for analysis and sampling is ongoing. The target model sought on
Phoenix is a structurally controlled, low-grade, bulk tonnage gold/silver
deposit similar to the nearby Herradura mine and Chanate and Lluvia del
Oro/Jojoba deposits.
The Company also advises that it is no longer pursuing the acquisition of
the San Felix and San Carlos gold-silver properties which had been previously
announced in the Company's press release of July 17, 2006.
Los Tamales.
The Company has recently acquired through staking the 22 square kilometre
Los Tamales property. The area is underlain by mostly granitic rocks
exhibiting a strong iron oxide colour anomaly. A quartz stockwork vein system
containing chalcopyrite, molybdenite, copper oxides and potash feldspar was
observed during a field inspection in June 2006. This style of mineralization
is believed to be representative of the central core of a porphyry copper
system.
This area was originally selected for study based on a 1984 United States
Geological Survey open file report, where a heavy mineral stream sediment
survey identified anomalous copper, molybdenum, lead, gold and silver values.
There is very little evidence of previous exploration work carried out on this
property. Only three diamond drill holes were drilled by another company
several years ago and are widely spaced apart. The Company has not been able
to obtain any information about these holes.
A program of regional stream sediment sampling and geological mapping
will commence shortly.
Batamote.
The Company acquired through staking the 168 square kilometre Batamote
property located in northern Sonora, Mexico. The area is underlain by geology
similar to that seen at the Phoenix property and is located along the
northwestern projection of the El Chanate gold deposit currently being
developed by Capital Gold Corporation, a public Company trading in Canada and
the United States. Their website states reserves of 14.1 million tonnes at
0.8 g/t gold at El Chanate.
Several mine workings are shown underlying Batamote in historical data;
these areas will be examined and evaluated over the next few weeks.
The qualified person for Tumi's projects, David Henstridge, a Fellow of
the Australian Institute of Mining and Metallurgy and a Member of the
Australian Institute of Geoscientists, has visited the Company's projects
located in northern 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 nor
the Frankfurt Deutsche Borse have reviewed the information contained herein,
and, therefore, do not accept responsibility for the adequacy or the accuracy
of this release.
