Kingsmen Resources Ltd. press release
Tumi Resources Limited - Tumi Resources completes pulse EM geophysical survey at Kalvbacken, Bergslagen District, Sweden
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VANCOUVER, Oct. 10 /CNW/ - Tumi Resources Limited ("Tumi" and/or the "Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). David Henstridge, President, is pleased to announce the completion of a pulse electromagnetic (PEM) ground geophysical survey (the "Survey") over the Company's wholly-owned Kalvbacken property located in the Bergslagen District, Sweden. Approximately 18 line-kms of detailed geophysical recordings were collected. The historic Kalvbacken sulphide deposits are located in a felsic metavolcanic-"quartzite" complex near the contact with granite. The ore bodies are confined to two east-northeast striking horizons: one is an iron skarn type occurring along a calcareous slate horizon; the other is a polymetallic massive sulphide type occurring along a felsic metavolcanic-"quartzite" horizon. The "quartzite" is an old term, sometimes referred to as an "ore quartzite". It is suggested by Company personnel and consultants that this unit is actually a metamorphosed rhyolite. An alteration zone, running more or less parallel with the granite contact, is bounded by granite in the north, and the alteration of the felsic metavolcanic has resulted in the development of the "quartzitic" rocks. The mineral associations occurring in the aureole seem to be the result of metamorphic differentiation, and sulphide minerals have been formed later than the silicates. Mapping by the Company's Swedish geologists has traced the favourable horizon over about 2 km strike length along the "quartzite" - felsic metavolcanic contact, grading into a granite - felsic metavolcanic contact. Within the Kalvbacken property, and located on the felsic metavolcanic-"quartzite" contact, an open pit reveals the location of the old sulphide deposits. Records show that the deposits consisted of two pipe-like ore bodies that contained pyrite, sphalerite and galena and lesser chalcopyrite, pyrrhotite, antimony-sulphides, arsenopyrite and magnetite. Total production between the 16th Century and 1963 is estimated at 662,000 tons of zinc-lead-copper ore, but no grades are available. The descriptions of the geology and mineral assemblages, plus observations made in the field by Company personnel, indicate that this may actually be a volcanogenic massive sulphide deposit (Kuroko-type) which has been deformed, metasomatised (skarn minerals) and the sulphides re-deposited into the skarn and carbonate rocks. The PEM survey targeted the felsic metavolcanic-quartzite contact within the claim block and any possible hidden extensions to the contact. The data collected from the ground EM survey is currently being processed by the geophysical contractor and results will be available soon. The Company has made arrangements for a drilling company to be available to immediately drill any defined electromagnetic targets. The qualified person for Tumi's projects, David Henstridge, a Fellow of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has visited the Kalvbacken project area in the Bergslagen District, Sweden, 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.