Tumi Discovers Prospective Zone in El Colorado, Mexico
Posted on: Monday, 28 April 2008, 15:00 CDT
Tumi Resources Limited (the "Company") (TSX VENTURE: TM)(OTCBB: TUMIF)(FRANKFURT: TUY) - David Henstridge, President, announces progress on the Company's 100% percent owned, 21,062-hectare, El Colorado claim located approximately 45 kms southeast of Hermosillo in north-central Sonora, Mexico.
The El Colorado licence area abuts the northern boundary of the claims covering the now closed La Colorada Mine, previously operated by Eldorado Gold Corporation. The La Colorada Mine opened in 1994 and was reported to produce up to 65,000 ozs of gold per year from an open-pit, heap-leach operation, before it was closed in 2001. Hematite alteration, strongly visible and associated with the rocks inside the La Colorada Mine, continues to the north into the El Colorado claims owned by the Company.
The exploration target within the El Colorado licence is a large, low grade precious metal system. Within the boundaries of the Company's claim exist two smaller properties, owned by third parties, overlying skarn deposits that are reported to have produced up to kg-levels per tonne of silver mineralization.
In 2007, a total of 810 stream sediment samples were collected and analyzed for multi-elements using ICP technique. Anomalous silver, lead, zinc and arsenic occur along a 6 km long NW-SE trending zone near the central part of the property. Detailed follow-up exploration has located numerous old workings within this zone, hosted mainly by skarn and hornfels. A grab sample from one old mine dump ran 229 g/t Ag, 0.2% Pb and 1.1% Zn, and a 20 cm wide sample taken across a galena-bearing vein yielded 289 g/t Ag, 1.9% Pb and 3.1% Zn. Near the northwestern end of this zone a 2 m wide vein in skarnified limestone conglomerate and breccia ran 2.7% Cu, 2.0% Pb, 6.1% Zn and 19.5 g/t Ag.
Several old drill sites were also found near the southeastern end of this zone, but no information about them has yet been found.
Within this zone occurs an extensive colour anomaly (iron oxides) covering an area roughly 4.5 km NW-SE by 1 km SW-NE. The source of the coloured soil appears to be from the bedrock lying immediately below the soil horizon. Two lines of soil samples were recently collected, 1 km apart, across a broad zone of hematite stained soils apparently derived from skarn and hornfels found directly beneath the soil horizon. Positive results obtained from these orientation soil samples will guide in developing an expanded grid for soil sampling and probably a subsequent IP survey. The soil samples and additional reconnaissance rock samples are currently in the laboratory.
The qualified person for Tumi's projects, David Henstridge, has visited the El Colorado property and has verified the contents of this news release.
On behalf of the Board,
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 BA-A?1/2rse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.
Contacts: Tumi Resources Limited Mariana Bermudez (604) 699-0202 (604) 683-1585 (FAX) Email: mbermudez@chasemgt.com Website: www.tumiresources.com Mining Interactive Nick L. Nicolaas Investor Information Contact (604) 657-4058 Email: nick@mininginteractive.com
SOURCE: Tumi Resources Limited
Source: MARKET WIRE
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