TSXv - TM
Frankfurt - TUY
OTCBB - TUMIF
VANCOUVER, Jan. 12 /CNW/ - Tumi Resources Limited (the "Company") (TSXv-
TM; OTCBB - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, is
pleased to announce the acquisition, through staking, of the Svardsjo
property, comprising 284 hectares and covering the historical Svardsjo Silver
("Ag")-Lead ("Pb")-Zinc ("Zn")-Copper ("Cu") mines within the Bergslagen
District of south-central Sweden.
The Bergslagen district lies immediately to the north-west of Stockholm
and covers an area of approximately 200 kms east-west by 150 kms north-south.
The district is underlain by volcanics and sediments which are more than
2 billion years old. The region has undergone several phases of folding and
has been intruded by at least two generations of granitoids. Bergslagen is a
highly mineralized district and one of the most important ore districts in
Sweden, containing deposits of iron, manganese, base-metal and silver.
The historic Svardsjo mines are located 16 kms NE of Falun and are
generally considered to be of a volcanogenic-exhalative origin formed
contemporaneously with the deposition and alteration of the volcanics. Other
historical mines of this classification within the Falun district include
Garpenberg, Falun and Zinkgruvan. Historically, there were three ore bodies
mined at Svardsjo:
1) Kompanimalmen - Appears on the surface as three lenses aligned
along strike but at depth these form a single body below the 200m
level. This group has a slight silver content with the Zn-Pb.
2) Mellangruvan - Lies entirely in dolomitic skarn. It is a breccia
with sphalerite, galena and some chalcopyrite that forms a
matrix. The silver content is three times higher in this ore body
than the other two. It extends to a depth of 450m.
3) Norramalmen - Occurs in a vertical gouge zone with massive to
fine-grained sulphide containing more pyrite and pyrrhotite than
the other ore bodies.
Historical records indicate that 973,000 tonnes were mined between the
Middle Ages and 1931, then 828,000 tonnes were mined between 1953 and 1972.
Records for the period 1959-1971 show that the 775,000 tonnes mined during
this time averaged 113 g/t Ag, 0.6% Cu, 2.7% Pb and 6.0% Zn. The average grade
of 51,000 tonnes produced between 1983 and 1985 was 0.3 g/t Au, 60 g/t Ag,
0.6% Cu, 1.5%. Between 1988 and 1989, a total of 21,500 tonnes was mined at an
average grade of 0.3 g/t Au, 82 g/t Ag, 0.5% Cu, 1.2% Pb and 3.1% Zn.
The Company intends to obtain the historical records of this mineral
field for detailed study and believes the area has excellent potential for
discovering new mineral occurrences either along strike or down-dip from the
known mineralization or new mineralized zones.
Says David Henstridge: "As a silver explorer, our focus has been on
Mexico, one of the world's most important silver producers, where we are
continuing advanced exploration at the La Trini project. Further research for
new silver projects took us to the Bergslagen District in Sweden and
specifically the historic Sala Silver Mine. Sala once produced some of the
richest silver ores in the world with grades as high as 7,000 g/t. Our
research indicated the ground was open at the old Sala Mine, so the Company
has staked the mine and surrounding ground. We believe that modern exploration
methods may help discover new silver occurrences in and around the old mines."
Tumi has made a serious commitment to silver exploration in Sweden. In
addition to acquiring Sala and Svardsjo, the Company has applied for further
exploration licences in Sweden."
The qualified person for the Svardsjo Project, David Henstridge, a Fellow
of the Australian Institute of Mining and Metallurgy and a Member of the
Australian Institute of Geoscientists, 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.
