Tumi Completes Phase 1 Drill Program at Sala, Sweden
2008-07-24 13:30:00
Tumi Completes Phase 1 Drill Program at Sala, Sweden
VANCOUVER, BRITISH COLUMBIA–(EMWNews – July 24, 2008) – Tumi Resources Limited (“Tumi” and/or “the Company”) (TSX VENTURE:TM)(OTCBB:TUMIF)(FRANKFURT:TUY). David Henstridge, President of Tumi, announces the completion of the Phase 1 core drill program at its 100% owned Sala silver-zinc-lead project in Sweden. Ten drill holes were completed totalling 2,282.3 meters.
On July 16, 2008, the Company announced the assay results of the first diamond drill hole at the Sala silver-zinc-lead project. The first hole intersected a 75 meter wide zone of highly anomalous zinc mineralization. Within this zone, semi-massive and stringer type sphalerite mineralization occur together with galena and unidentified silver minerals in three bands of up to 6.6 meters width.
The drill program has delineated a highly mineralized zone exceeding 800 meters in length, and after the completion of the Phase 1 drill program, the zone remains open along strike as well as towards depth. The deepest hole (08-003) intersected the mineralization between 394 and 461 meters depth. Core from this section has been split and prepared and is currently being assayed by IPL Laboratories in Vancouver, B.C., Canada. The mineralization has also been intersected in holes 08-004, 08-006 and 08-008 at a distance of up to 500 meters along strike from the initial intersection in hole 08-001.
The results from the Phase 1 drill program have confirmed that the structural geology of the new zone is similar to the now mined out ore body of the adjacent historical Sala Silver mine. Plans for a Phase 2 drilling program are currently underway. The objective of the Phase 2 drill program will be to determine the dimensions and extent of the mineralized zone focusing on the higher grade sections. Though a start date for the Phase 2 drilling program is yet to be decided, all necessary permits are in place and drilling can commence with relatively short notice.
As part of the Company’s sample control program, blanks, known standards and duplicates are also being assayed. Further results will be reported when available.
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 Sala Project area in Sweden and has approved 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 Börse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.
For more information, please contact Tumi Resources Limited or Mining Interactive |
|
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions