TSXv - TM
Frankfurt - TUY
OTCBB - TUMIF
VANCOUVER, Oct. 2 /CNW/ - Tumi Resources Limited ("Tumi" and/or the
"Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge,
President, is pleased to announce the start of a pulse electromagnetic (PEM)
ground geophysical survey (the "Survey") over the Company's wholly-owned
Kalvbacken property located in the Bergslagen District, 17 km southeast of
Falun, central Sweden. The Survey will cover an area of about 460 hectares
(4.6 square km), involving about 40 line-kms.
The historic Kalvbacken sulphide deposits are located in a felsic
metavolcanic-quartzite complex near the contact with granite. The ore-bodies,
which are confined to two northeast striking skarn-carbonate horizons, are
surrounded by an alteration aureole. The alteration zone, running more or less
parallel with the granite contact, is bounded by granite in the north, and the
alteration of the felsic metavolcanic has resulted in the development of
"quartzitic" rocks. The mineral associations occurring in the aureole seem to
be the result of metamorphic differentiation, and sulphide minerals have been
formed later than the silicates.
Mapping by the Company's Swedish geologists has traced the favourable
horizon over about 2km strike length along the "quartzite" - felsic
metavolcanic contact, grading into a granite - felsic metavolcanic contact.
Within the Kalvbacken property, and located on the felsic
metavolcanic-quartz contact, an open pit reveals the location of the old
sulphide deposits. Records show that the deposits consisted of two stock-like
ore bodies that contained pyrite, sphalerite and galena and lesser
chalcopyrite, pyrrhotite, antimony-sulphides, arsenopyrite and magnetite.
Total production between the 16th Century and 1963 is estimated at 662,000
tons of zinc-lead-copper ore, but no grades are available. The descriptions of
the geology and mineral assemblages, plus observations made in the field by
Company personnel, indicate that this may actually be a volcanogenic massive
sulphide deposit (Kuroko-type) which has been deformed, metasomatised (skarn
minerals) and the sulphides re-deposited into the skarn and carbonate rocks.
The PEM survey will target the felsic metavolcanic-quartzite contact
within the claim block and any possible hidden extensions to the contact. Mr.
Henstridge stated: "This is our second PEM survey in Sweden following the
completion of the PEM survey at Sala. As well, a helicopter-borne
electromagnetic survey to cover our Oster Silvberg, Tomtebo and Vitturn
projects is scheduled to be undertaken in early October bringing the number of
Tumi's licence areas to be covered by electromagnetics to five". The Company
has made arrangements for a drilling company to be available to immediately
drill any defined electromagnetic targets".
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 Kalvbacken project area
in the Bergslagen District, Sweden, 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 Boerse have reviewed the information contained herein,
and, therefore, do not accept responsibility for the adequacy or the accuracy
of this release.
