TSXv - TM
Frankfurt - TUY
OTCBB - TUMIF
VANCOUVER, Oct. 10 /CNW/ - Tumi Resources Limited ("Tumi" and/or the
"Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge,
President, is pleased to announce the completion of a pulse electromagnetic
(PEM) ground geophysical survey (the "Survey") over the Company's wholly-owned
Kalvbacken property located in the Bergslagen District, Sweden. Approximately
18 line-kms of detailed geophysical recordings were collected.
The historic Kalvbacken sulphide deposits are located in a felsic
metavolcanic-"quartzite" complex near the contact with granite. The ore bodies
are confined to two east-northeast striking horizons: one is an iron skarn
type occurring along a calcareous slate horizon; the other is a polymetallic
massive sulphide type occurring along a felsic metavolcanic-"quartzite"
horizon. The "quartzite" is an old term, sometimes referred to as an "ore
quartzite". It is suggested by Company personnel and consultants that this
unit is actually a metamorphosed rhyolite. An 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 the "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 2 km 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-"quartzite" contact, an open pit reveals the location of the old
sulphide deposits. Records show that the deposits consisted of two pipe-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 targeted the felsic metavolcanic-quartzite contact within
the claim block and any possible hidden extensions to the contact. The data
collected from the ground EM survey is currently being processed by the
geophysical contractor and results will be available soon. 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 B¿rse have reviewed the information contained herein,
and, therefore, do not accept responsibility for the adequacy or the accuracy
of this release.
