InvestorsHub Logo
Followers 35
Posts 12463
Boards Moderated 8
Alias Born 12/17/2002

Re: None

Friday, 11/21/2003 9:59:06 AM

Friday, November 21, 2003 9:59:06 AM

Post# of 23
19Nov03 Market News Publishing Inc. 2003/11/19 No:0002

TUMI RESOURCES LIMITED ("TM-V;TUMIF-0")
- Bonanza Silver-Gold Grades Intersected in Drill Hole CMRC-30,
- At Open-pitable Cinco Minas Project, Mexico

20m averaging 3.2 g/t gold and 845 g/t silver,
including 6m averaging 9 g/t gold and 2,608 g/t silver

Tumi Resources Limited (the "Company"): Mr. David Henstridge,
President & CEO, is pleased to announce initial drill results from the
ongoing fall work program at the open-pitable Cinco Minas silver-gold
Project, located in Jalisco, Mexico.
The drill hole results for the first three holes of the current
program are as follows.

DRILL HOLE RESULTS FROM EL ABRA MINE


 


HOLE NUMBER SECTION FROM TO METRES ESTIMATED GOLD SILVER
(m) (m) TRUE WIDTH (g/t) (g/t)
(m)

CMRC-30 310W 32 52 20 18.5 3.2 845
incl. 34 40 6 5.6 9.0 2,608
CMRC-31 *310W 58 60 2 1.9 0.38 48
CMRC-32 350W 82 94 12 6.9 0.18 61
98 104 6 3.4 0.19 62
* Hole undercuts southeast extent of the historic El Abra ore shoot.






------------------------------------------------------------------------


Mr. Henstridge stated: "it is very exciting to intersect additional
bonanza mineralization within the historic El Abra Mine area at Cinco
Minas, particularly as this is the second time that drilling has
intersected a rich ore shoot at El Abra. In April 2003, the Company
announced that CMRC-20 averaged 4m at 7 g/t gold and 1,099 g/t silver.
These bonanza zones will greatly improve profitability in any future
open-pit mining operations."
On the basis of the drill results from the first phase of drilling at
Cinco Minas undertaken earlier this year, the Company's management believes
that the historic El Abra Mine area will once again be economically mined
but now as a low-cost open-pit operation.
The Company has completed a further three holes and results are
expected shortly. Drilling is continuing in the El Abra area to identify
sufficient resources to undertake an arms-length scoping study.
Road construction is underway to gain access to the top of the El Abra
vein which crops out to a height of about 50m above road level. Once
constructed, drilling will take place to sample this part of the vein as
well as extending the known mineralization at El Abra both below and along
strike to the north-west from the existing drill holes.
As well, the Company is expecting its first results of metallurgical
test work from two representative samples, each about 300 kilograms, taken
at El Abra. The initial test work on the samples includes both bottle roll
tests and column leach studies using an initial rock crush size of minus
1/2 inch.
Through an agreement with Minera San Jorge S.A. de C.V., the Company
is earning a 60% interest and has the right to purchase the remaining 40%
in the Cinco Minas Project. The Company's consulting geologist, Mr. John
Nebocat, is the Qualified Person for the Cinco Minas Project.
Drill samples were prepared by GM LACME Laboratory, Guadalajara,
Mexico and assayed at IPL Laboratory in Canada. Samples greater than 1 g/t
gold and high silver values were check assayed, and the Company submitted a
known standard (about one in every ten samples submitted) for check
analysis. All bulk samples of RC chips along with all sample rejects
prepared by the laboratory in Mexico are stored for verification purposes.
Tumi Resources Limited, incorporated in British Columbia, Canada,
trades on the TSX Venture Exchange under the symbol "TM.V", on the
Frankfurt Exchange under symbol "TUY" and on the Pinksheets under symbol
"TUMIF". To accommodate the European financial markets, its website
www.tumiresources.com has been translated into German. The Company's
directors are experienced in the resource sector and are focused on
enhancing shareholder value by expanding Tumi's assets in this sector.
Management aims to identify exploration projects, predominantly silver
projects of high merit, and quickly complete confirmation exploration. This
will enable the Company to confirm the potential of a project and reach
advanced project status by the most cost effective and shortest time
possible.

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.

TEL: (604) 657-4058 David Henstridge, President & CEO
Investor information contact:
Nick L. Nicolaas
E-mail: nicolaas@attglobal.net
Internet: www.tumiresources.com





Ed

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.