Tumi Resources Limited - Tumi Commences Drilling at Mezquite, Mexico
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The host rock to the mineralization is a dolostone belonging to the Proterozoic Palmar formation; the block underlying the claims extends for about 8 km north-south by 2 km east-west. Line cutting for an induced polarization (IP) survey exposed numerous pits within the dolostone containing silver-lead-zinc mineralization. The pits are randomly located over a length of 1,600 m and a width up to 400 m. Thirteen grab samples from these pits yielded results ranging from 111 g/t to 600 g/t silver, 0.45% to 14.4% lead and 1.5% to 38.6% zinc. Of particular note is that nine of the thirteen samples assayed above 280 g/t silver suggesting that silver is present in significant quantities at Mezquite.
The results of a three-dimensional IP survey have been interpreted by an independent geophysicist who has stated, in part, "the survey has defined four shallow discrete chargeable zones within a resistive dolomite sequence. Two of these zones rate as extreme high priorities being spatially coincident with historic workings and elevated geochemistry. The highest priority anomaly in the north-western part of the survey area is a strongly chargeable body with a 400 m NNW trend. This trend parallels the elevated lead, zinc and silver rock chip geochemistry and historic workings. The anomaly source plunges to the north and dips steeply to the west, flattening to a large manto style chargeable source. The second high priority anomaly occurs in the southeast of the survey area and is also closely correlated with historic workings and elevated geochemistry. The anomalous zone appears to be sourced by a set of stacked chargeable bodies dipping south-easterly. The third priority chargeable zone is in the centre of the project/survey area and is sourced by a moderately chargeable body with approximately 200 m of strike extent and 300 m of shallow to flat dipping depth extent. The fourth chargeable zone occurs on the eastern margin of the survey/project area along the geological dolomite and volcanic contact. It is an extremely strong chargeable body but may be related to the change in rock types."
David Henstridge stated: "The discovery of significant geophysical anomalies in the dolostone, spatially coincident with the known surface workings and elevated geochemistry, makes Mezquite a very high drill priority for Tumi. In this initial drill program the Company intends to drill each of the four chargeable zones as well as beneath the main pit and shaft in the centre of the mineralized area."
The qualified person for Tumi's projects, David Henstridge, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has visited the Mezquite silver-zinc-lead project, Sonora, Mexico, and has verified the contents of this news release.
On behalf of the Board,
"David Henstridge"
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, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news 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