Kingsmen Resources Ltd. press release
Tumi Resources Limited - Sweden Exploration Underway
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Antimony · Bismuth · Indium · Arsenic · Canada
TSXv - TM Frankfurt - TUY OTCBB - TUMIF
VANCOUVER, June 6 /CNW/ - Tumi Resources Limited ("Tumi" and or the "Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge, President, announces that an exploration office has been opened at the historic Sala mine in Sweden and that two geologists have been hired to initiate field work on the Company's properties. During late April, Mr. Henstridge, accompanied by Mr. John Nebocat, the Company's independent geological consultant, examined the surface and underground workings of the Sala silver mine plus the other properties in the Company's portfolio. Preliminary observations made at the Sala mine suggest that the mineralization is a replacement type and is structurally controlled. The historic mine workings plunge gently to the northwest, more or less parallel to the plunge of the folded limestone host rocks. Of considerable importance are the workings and old mine dumps observed at the ¿ster Silvberg, Tomtebo and Kalvb¿cken mines. The mined-out workings at surface range from about 5 m to 20 m in thickness. The mineralization found in the old dumps is of a polymetallic nature, consisting of zinc, lead, copper and silver sulphides. Mr. Nebocat suggests that the style of mineralization and the types of host and enveloping rocks is indicative of a volcanogenic massive sulphide (VMS) environment. The Company is planning to perform deep-penetrating EM (electromagnetic) surveys on these properties, as well as on the Sala property, to test for down-dip (-plunge) extensions to the existing workings and for yet-undiscovered mineral bodies covered by glacial overburden. The Company is seeking geophysical contractors, both ground and airborne, to undertake the EM surveys. The Company will be performing surface data compilation, geological mapping and sampling programs on all of the Company's properties, beginning with Sala, ¿ster Silvberg, Kalvb¿cken and Tomtebo. Also, as announced on May 1, 2006 and May 18, 2006, the Company has closed both its brokered and non-brokered private placements raising just over $4 million. The Company has sufficient funds to accelerate its work programs in Sweden and Mexico. The qualified person for Tumi's Projects is David Henstridge, a Fellow of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Mr. Henstridge has visited the Bergslagen District 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 B¿rse have reviewed the information contained herein, and, therefore, do not accept responsibility for the adequacy or the accuracy of this release.