Tumi Commences Metallurgical Test Program on La Trini Silver-Gold-Tellurium Deposit, Jalisco, Mexico
VANCOUVER, Sept. 7, 2011 /CNW/ --
TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF
VANCOUVER, Sept. 7, 2011 /CNW/ - Tumi Resources Limited (the 'Company') (TSXV-TM; Pinksheets - TUMIF;
Frankfurt - TUY). Mr. David Henstridge, President, announces that metallurgical test work
has started on La Trini to ascertain the leachability of two different
types of mineralization. A contract has been signed with Mountain
States R&D International Inc. (MSI) of Vail, Arizona to undertake the
work. This program is a result of the Company's decision to reactivate
work on the La Trini resource due to the significant increase in the
price of gold and silver over the last few years (see press release
dated June 29, 2011).
Between December 2005 and October 2007, the Company undertook three
reverse circulation drill programs at La Trini. At the completion of
analyses of all Phase 3 drill holes, a resource calculation was
undertaken by an independent qualified geologist in keeping with
NI43-101 requirements (see press release February 11, 2008). Current
resources are:
__________________________________________________________________________________________
| Category | Ag | Tonnes | Avg. | Avg. | Troy | Troy | Total | Total |
| | Cut-off | |Grade | Grade | Ozs | Ozs | Ozs | Ozs |
| | (g/t) | | Ag | Au | Ag/Short | Au/Short | Silver | Gold |
| | | |(g/t) | (g/t) | Ton | Ton | | |
|__________|_________|___________|______|_______|__________|__________|___________|________|
|Indicated | 30 | 1,661,359 |121.3 | 0.88 | 3.54 | 0.026 | 6,480,000 | 46,900 |
|__________|_________|___________|______|_______|__________|__________|___________|________|
| Inferred | 30 | 192,880 | 98.6 | 0.92 | 2.88 | 0.027 | 611,400 | 5,700 |
|__________|_________|___________|______|_______|__________|__________|___________|________|
The Company has selected 25 kg from each of two different mineral types
for test-work-near surface oxidized and primary sulphide. Samples
selected were reject coarse crush material from two reverse circulation
drill holes TRC-43 and TRC-48 with sample grades of 97 g/t silver, 1.9
g/t gold and 267 g/t silver and 0.5 g/t gold, respectively.
Preliminary test-work to be undertaken by MSI includes head assays,
cyanidation bottle leach tests, flotation tests, a preliminary
mineralogical study and size-assay analysis. If successful, the
Company may decide to run column leach tests under a Phase two work
program.
At La Trini, Company personnel rehabilitated old grid lines located at
100 m spacing across two kms of strike length of the known
mineralization. They were prepared for a planned three-dimensional
induced polarization survey to seek possible repeats of the known
mineralization. Due to the onset of the rainy season in June/July and
the difficulty of access and undertaking such a survey in very wet
conditions, the survey was postponed until the wet season is over.
Mr Henstridge stated: 'It is a very important step forward, commencing
metallurgical test-work on La Trini mineralization, to ensure that the
mineral types can be treated by conventional processing techniques. If
successful, the Company will continue quickly down the path towards a
scoping study.'
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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2011/07/c9210.html
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 |