Press Release Source: Tumi Resources Limited
Tumi Granted Drill Permit for Sala in Sweden
Monday October 29, 3:51 pm ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Tumi Resources Limited ("Tumi" and/or the "Company") (TSX VENTURE:TM - News; OTCBB:TUMIF - News; FRANKFURT:TUY - News). David Henstridge, President, announces that the permits required to drill the Sala property, Bergslagen District, Sweden, have now been obtained. The Company is planning a diamond drilling program totalling 2,000 metres to commence as soon as possible.
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Sala was mined sporadically between the early part of the sixteenth century and the early part of the twentieth century; the mine produced some of the richest silver ores in the world. It was reported in 1879 that the ore contained up to 7,000 g/t silver and was sent directly to the smelting house. A paper in Economic Geology by Allen, et al (1996), states that Sala produced 5 million tonnes with a grade ranging from 150 g/t to greater than 3,000 g/t Ag, 12% Zn and 1% to 2% Pb. It is likely that greater than 200 million ozs of silver were recovered from Sala.
There is evidence that additional mineralization may be found along extensions to the Sala mine and along parallel repetitions as shown by exploration done between 1939 and 1962 by Johnson & Co. They discovered and mined a new zone 600m northeast of the main Sala orebody containing 171,000 tonnes grading 350 g/t Ag, 4.2% Pb and 2% Zn.
During the last year at Sala, the Company has completed a literature search of all historical data from the area, detailed ground mapping and 44 line-kms of detailed ground EM covering the old mine and surrounding prospective ground. As a result of this work, a drill target has been defined immediately to the west of and parallel to the old mine and extending to the southwest. The potential target strike length is about one kilometer. There is evidence of old drill holes in this area, but no information about these holes has been found in the public domain. This will be the target area for the initial drill program.
The qualified person for Tumi's projects, David Henstridge, has visited the Sala project in the Bergslagen District, Sweden, 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 Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.
Contact:
Mariana Bermudez
Tumi Resources Limited
(604) 699-0202
(604) 683-1585 (FAX)
Email: mbermudez@chasemgt.com
Website: www.tumiresources.com
Nick L. Nicolaas
Mining Interactive
Investor Information Contact
(604) 657-4058
Email: nick@mininginteractive.com
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Source: Tumi Resources Limited
