Tumi Resources Limited - Channel sample results at Cinco Minas, near Guadalajara, Mexico, continue to confirm Ag/Au open pit potential
Monday January 20, 9:34 pm ET
TSX Venture Symbol: TM.V
VANCOUVER, Jan. 20 /PRNewswire-FirstCall/ - Mr. David Henstridge, President, Tumi Resources Limited (TSX-VEN Symbol TM), is pleased to report that Tumi has now received results from the second phase of underground and surface channel sampling at the Cinco Minas Project near Guadalajara, Jalisco State, Mexico. Cinco Minas is an adularia-sericite-type epithermal silver/gold deposit that historically produced bonanza grade silver ore with significant gold credits. The main zone of adularia-sericite quartz veins has been identified and traced over a strike length of 4.8 kms. The previous operators (founders of the Anaconda Mining Co.) of the historical Cinco Minas Mine mined 1,083,000 tonnes of ore, averaging 3.17 g/t gold and 476 g/t silver, from 1922 to 1928. The ore was mined principally from the El Abra ore shoot which was developed along strike for 500m and to a depth of 792m with widths of up to 34m. Previous explorers identified the un-mined hanging-wall of the El Abra ore shoot (reported to average 12.8m thick) as an open pit exploration target.
In order to check the validity of open pit type resources in the un-mined hanging wall of the El Abra ore shoot, the Company has rehabilitated and cleared the underground access. The cleared areas of the workings were channel sampled using an electric hammer drill. The previous miners systematically placed crosscuts through the entire width of the vein but only mined the bonanza shoots. Channel samples were taken across 2m intervals where possible and in excess of 15 kg per sample was generally collected for assay. The program is being supervised by Mr. John Nebocat, a consulting geologist and a Qualified Person in accordance with National Instrument NI 43-101. Samples are being crushed and split by Chemex Laboratories in Mexico and shipped to Vancouver for assay. It has not always been possible to sample the entire width of the prospective hanging-wall due to numerous blockages in the access tunnels and crosscuts. Therefore due to the difficulty of rehabilitating access to some of the old workings it has been decided to discontinue the underground sampling program and commence a drill program as soon as possible. Drill contractors have visited the site and the Company is currently considering drill offers.
Results received from the first and second phase of the channel sampling program are:
UNDERGROUND CHANNEL SAMPLE RESULTS
Level (depth Section Horizontal Gold Silver
from surface) Width (m) (g/t) (g/t)
El Abra (0m) 340W 2.5 1.17 71
352W 4 1.34 124
366W 8.8 1.67 88
384W 13 2.33 65
392W 4.5 0.56 53
(x)397W 4.8 0.51 66
(x)404W 9.4 0.90 132
423W 6.25 3.16 105
Sublevel 1 (-11m) 416W 5.75 1.26 117
425W 5.8 2.06 176
Sublevel 2 (-18m) 417W 1.75 2.69 189
Destajos (-28m) 420W 6 2.06 287
Sublevel 3 (-34m) (x)404W 2.3 1.26 299
Upper Trinidad (-71m) (x)460W 12.9 0.57 57
Trinidad (-87m) (x)408W 12.9 1.95 168
(x)415W 12.5 1.83 340
(x)424W 4.2 1.24 233
(x)434W 7.87 0.52 177
(x)466W 7.7 0.70 93
(x)New Results
While on the Trinidad level the sampling crews accessed a 35m long stope running to the NW within the vein. Eleven channel samples were taken averaging 1.68m width with an average grade of 1.45 g/t gold and 268 g/t silver. Similarly, four samples were taken from a stope running 20m to the SW (located 15m below the Destajos level) and these samples averaged 1.12m width grading 0.67 g/t gold and 125 g/t silver.
Although the number of samples taken to date is small, the Company is very encouraged by these results as they continue to indicate the potential for finding open pit type resources within the hanging-wall of the Cinco Minas vein as well as confirming that the old data base is reliable.
Of significance are the "El Abrita" and "Cerro Colorado" zones located southeast along the vein from the historically rich El Abra ore shoot. These zones have been examined and interpreted by several independent consulting geologists as being potentially large ore shoots similar to the El Abra ore zone. Little exploration has been done on these zones. An initial surface inspection and sampling program has been undertaken at the El Abrita zone, located about 660m to the SE of El Abra. Tumi is awaiting the assay results from these samples.
Tumi Resources Limited, incorporated in British Columbia, Canada, trades on the TSX Venture Exchange under the symbol: "TM". The Company 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 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.
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