TSXv - TM
Frankfurt - TUY
OTCBB - TUMIF
VANCOUVER, April 3 /CNW/ - Tumi Resources Limited (the "Company")
(TSXv-TM; OTCBB-TUMIF; Frankfurt-TUY). Mr. David Henstridge, President, is
pleased to announce that the Company has staked a further eight (8)
exploration licences totaling 8,120 hectares in Sweden. Three of these
licences (Skalbo, Hornkullen and Kobergs) have been confirmed by the Swedish
Mining Inspectorate, and each has been granted for an initial period of three
years; the other applications remain pending and are expected shortly. The
Company now holds 18 exploration licences totaling 12,375 hectares. Ten (10)
of these licences held by the company cover seven (7) historic silver mines in
the Bergslagen district of south central Sweden, see news release dated March
29, 2006.
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. Bergslagen is a highly mineralized district and one of
the most important ore districts in Europe, containing deposits of iron,
manganese, base-metal and silver sulphides. It contains the well known
historic and current mines of Sala, Falun, Garpenberg and Zinkgruvan.
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Details of the eight licences are as follows:
- Skalbo (121 Ha) The area lies along strike from the historic Lovasens
mine (under tenure by the Company), and covers a magnetic feature of
similar characteristic to that associated with Lovasens.
- Hornkullen (1,437 Ha) Covers a series of occurrences developed in
intercalated tuffs and carbonates, from which small amounts of silver
were historically produced. Highly anomalous gold results (up to
3.4 ppm) are recorded in boulders, the bedrock source of which has
not been identified.
- Kobergs (537 Ha) Silver sulphides and Fe-Pb-Zn-W mineralization have
been discovered within a 2 km long sequence of calcsilicate skarn,
dolomite and limestone. The licence secures the historic Bjorntjarn
mine.
- Silverhyttan (551 Ha) Ag-Pb mineralization occurrences recorded
within a 2km long dolomite horizon.
- Vitturn (2,239 Ha) The licence covers a series of base metal, silver
and iron occurrences developed along the western belt of
mineralization in the Bergslagen district. The project targets a
flexure position in the western mineralized belt where occurrences
are limestone-hosted and provide potential for large replacement
style deposits. Mineralization is associated with strongly magnetic
features which trend for 10 km through the Vitturn claim.
- Stollsbergsgruvan (773 Ha) Covers the southern part of the historic
Stollsberg ore field which contains more than 25 VMS deposits along a
4 km long manganese-rich horizon. Deposits are described as "massive
sphalerite-galena with high silver grades."
- Lumskolen (1,054 Ha) Silver-lead-zinc showings hosted by quartzite;
coincident with NW-SE trending magnetic high lineaments.
- Jugansbo (1,408 Ha) The Jugansbo licence secures the continuation of
the limestone host to the Sala orebodies 12 km to the north of Sala
(under licence to the Company). Cu-Pb-Zn-Ag mineralization has been
mined from multiple massive sulphide orebodies, however tonnage and
grade production figures are not yet available. Boliden has
previously drilled 76 holes on this licence, results from which are
not yet available.
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Very little modern exploration has been undertaken for silver within the
Bergslagen district. As the rock types (carbonate-derived) recorded within
many of these leases are known to host economic mineralization elsewhere the
potential for finding new silver deposits is extremely good.
Mr. Henstridge stated "It is very pleasing to be able to amass such a
strong portfolio of silver properties in the relatively unexplored Bergslagen
District of Sweden. Besides obtaining title to seven significant historic
silver producers, including one of the world's richest at Sala, the Company
has applied for a further eight exploration licences covering prospective
ground. This year will be an exciting one for shareholders as we make every
effort to advance all of these projects as quickly as possible"
The qualified person for the Tumi's Silver 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 Bergslagen District
and has verified the contents of this news release.
On behalf of the Board,
"David Henstridge"
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David Henstridge, President & CEO
Forward Looking Statements
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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 andstrategic 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.
