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Gold/Mining/Energy : Tumi Resources -- Ignore unavailable to you. Want to Upgrade?


To: ralfph who wrote (8)7/26/2002 10:47:25 AM
From: ms.smartest.person  Read Replies (1) | Respond to of 69
 
Reply to email:

Dear Merry, Thank you for your interest in Cinco Minas. Unfortunately the data on Cinco Minas is old, scattered and poorly documented even though this mine has a long history. There is an official Mexican govt report on the mine in 1963 but it is written in Spanish and only available in paper form. Because of this problem, I have an independent geologist (John Nebocat of Vancouver) whom I took to Mexico when visiting this project, currently documenting the data on Cinco Minas into an acceptable format for the Exchange. This report should be available in about two weeks and will compile all of the historical data. In the meantime we are doing the background work required such as setting up an operating company in Mexico and making sure the leases are in good standing. We also need to finance to be able to undertake our first program of exploration. I hope the current market conditions do not hold us up.

The Cinco Minas mine was mined by Compania Cinco Minas Mining Co. from 1922 to 1930 and produced what is outlined in our press release. It was owned by Marcus Daley, one of the co-founders of Anaconda. What excited us on the visit is that the unmined hanging wall of the mine (averaging about 13m) remains intact and is accessible by crosscuts every 100ft throughout the mine (makes for a a very easy channel sampling program) and is a viable open pit target. As well the remainder of the plus 4 km of vein has two immediate drill targets at Cerro Colorado and El Abrita. That's about all I can say at the moment other than its a very good project for a junior to get started on particularly with the success of other companies such as BAY.

Regards David Henstridge
pressreleases@tumiresources.com