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Tumi Resources Ltd - News Release
Tumi provides rock chip samples from Cinco Minas
Tumi Resources Ltd
TM
Shares issued 4,134,000
Jul 29 2002 close $ 0.30
Tuesday July 30 2002
News Release
Mr. David Henstridge reports
ENCOURAGING ROCK CHIP SAMPLES FROM CINCO MINAS, MEXICO
Tumi Resources has provided results from rock chip samples collected from the Cinco Minas property,
Jalisco, Mexico. The company has recently entered into a 60/40 joint venture earn in with a private
Mexican company and also holds the option to purchase the balance of 40 per cent upon completion of
the earn in.
During the property examination conducted recently by a company representative and an independent
consulting geologist (John Nebocat, BSc, PEng, a qualified person in accordance with National
Instrument NI 43-101), eight contiguous chip samples were collected along a 14-metre width of the
hangingwall of the Cinco Minas vein to the southwest. The samples were taken from the southeast wall
of the 384 adit located at the El Abra zone of the old underground mine. This interval averaged 136
grams per tonne (g/t) Ag and two g/t Au over 14 metres, and is bounded by an open stope to the
northeast and what is believed to be barren quartz in the immediate hangingwall of the vein. This barren
zone is only about one to two metres wide in this area. These results support the conclusions that the
unmined hangingwall (averaging 12.8 metres thickness) of the Cinco Minas vein is a viable open-pit
silver and gold target.
In addition, a three-metre chip sample was taken from an old pit on the Cerro Colorado vein located about
1.1 kilometres to the southeast of El Abra. This sample assayed 106 g/t Ag and 1.1 g/t Au, and the vein
looks very similar to the El Abra workings. The vein at Cerro Colorado has been recorded by others as
being an average of 11.75 metres thick, but very little exploration has been done on it so far. Many
people who have worked on the property have documented their belief that this is the extension of the
Cinco Minas vein and that further exploration should be undertaken. All samples recorded above were
taken under the supervision of the independent consulting geologist and sent directly for analysis by
Chemex Laboratories of Vancouver.
The company is in the process of preparing all documentation needed to support its filing with the TSX
Venture Exchange. On approval by the exchange, the company will immediately commence a systematic
sampling program of all accessible crosscuts of the old Cinco Minas mine and an initial drilling program
of the Cerro Colorado and El Abrita prospect areas. El Abrita is located midway between Cinco Minas
and Cerro Colorado, and remains untested by modern exploration methods. |
