Kingsmen Resources Ltd. press release
Tumi Resources Starts Drill Program at La Trini Targeting the Central Outcropping Part of Known Disseminated Silver-Gold Mineralization Within Volcanics
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Antimony · Bismuth · Indium · Arsenic · Canada
TSXv - TM Frankfurt - TUY OTCBB - TUMIF
VANCOUVER, Aug. 3 /CNW/ - Tumi Resources Limited (the "Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, is pleased to announce that drilling is underway at the Company's La Trini Silver-Gold Project, Jalisco, Mexico. The Company has the right to acquire 100% interest in the La Trini property. The objective of the Company's reverse circulation drill program (the "RC Program") is to test the targets identified during the recently completed reconnaissance work, which produced very encouraging results from mapping, underground channel sampling and a surface grid geochemical survey. The results from the surficial grid geochemical survey, as reported in the Company's press release of June 21, 2005, revealed that over the main La Trini showings exist coincident and strongly anomalous lead, silver, arsenic and barium in soil and rock chip values over about 500 metres strike length by about 100 metres to 150 metres width. Moderately anomalous zinc and copper values also coincide with the above. The RC Program will consist of a minimum 1,000 metres, and 15 drill holes will target the core anomalous zone along a strike length of 200 metres. Drill hole depths will range from 40 metres to a maximum of 100 metres. The RC Program should be completed by the end of August 2005.
An interview with Mr. Henstridge discussing the start of the drill program can be heard at: http://www.mininginteractive.com/media/david-h/david-h2.htm
La Trini is underlain by a gently northerly-dipping succession of Tertiary volcanics. The host rock to the stockwork mineralization is a quartz-eye rhyolite, containing disseminated pyrite and argentite, which is many tens of metres thick where observed in surface outcroppings and in underground workings; the upper contact has not yet been delimited. A dacitic to andesitic tuff underlies the mineralized horizon, and a fine grained felsic tuff overlies it. The qualified person for La Trini project, David Henstridge, a Fellow of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has visited the La Trini project area 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 nor the Frankfurt Deutsche Borse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.
Earlier from Kingsmen Resources Ltd.
- King Energy Inc. announces its year end March 31, 2005 results
- Tumi Resources Limited - Tumi Resources Reports Geochemical Survey Shows Zone of Interest Exceeds 500m at La Trini Silver-Gold Prospect, Jalisco, Mexico
- Tumi Resources Limited - Tumi Resources Expands the Zone of Interest and Completes a Grid Geochemical Sampling Program at the La Trini Silver-Gold Prospect, Jalisco, Mexico