Tumi Resources Limited - Tumi Resources Commences Drilling at the La Trini Silver-Gold Project, Jalisco, Mexico
22 January 2007
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 minimum 2,000m reverse circulation (RC) drill program at its La Trini silver-gold project, Mexico, where the Company has the right to earn a 100% interest.
In September 2005, the Company announced the results of an initial 15 hole reverse circulation drill program focused on the central 200m strike length of a rhyolite porphyry host. Surface, underground and drill evidence suggests that the porphyry which hosts the disseminated silver/gold mineralization is an intrusive rather than a volcanic. The rhyolite dips shallowly to the north and has been traced over a distance of 1 km east-west and remains open both along strike and down dip.
Fourteen of the drill holes intersected mineralization. Using a cut-off grade of 30 g/t silver, composite results ranged from a minimum width of 2m to a maximum of 38.6m, with a best result of 18.3m at a grade of 150 g/t silver and 3.1 g/t gold in drill hole TRRC-06 (see press release dated September 29, 2005). Within the area of 200m by 100m, the holes intersected silver/gold mineralization over an average 14m thickness and the mineralization remains open both along strike and down-dip.
Between December 2005 and early February 2006, the control grid was extended a further 700m west of the drilled area. This grid was used for soil/rock chip sampling and geological mapping. The results of the geochemical survey demonstrated that the zone continues to the west with coincident and strongly anomalous copper and arsenic and moderately anomalous silver, barium and zinc in soils directly above the sub-cropping rhyolite unit. This expands the zone of interest of the mineralized rhyolite unit to in excess of 1.5 km.
An induced polarization (IP) and resistivity survey, comprising 17 north-south lines and centered on the known mineralization, has disclosed an extensive zone of chargeability and resistivity anomalies roughly parallel to the projection of the rhyolite porphyry. Several large and strong chargeability anomalies with coincident surface geochemical anomalies were defined in the survey outside of the drilled area and will be tested in the RC drill program.
Platforms for up to 24 additional drill sites have also been constructed. Eleven holes are planned to further define the known resource at the main La Trini area, six holes will test the western grid extension, and the remaining seven holes will test geological, geochemical and geophysical targets north and east of the main La Trini zone.
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 La Trini project area 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 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.
For further information: Company Contact: Mariana Bermudez at (604) 699-0202 or email: mbermudez@chasemgt.com, website: www.tumiresources.com; Investor Information Contact: Mining Interactive, Nick L. Nicolaas at (604) 657-4058 or email: nick@mininginteractive.com
Source: newswire
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