Kingsmen Resources Ltd. press release
Tumi Reports Mapping and Channel Sampling Results from the Mololoa Silver-Gold Prospect, Jalisco, Mexico
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Antimony · Bismuth · Indium · Arsenic · Canada
TSXv - TM Frankfurt - TUY OTCBB - TUMIF
VANCOUVER, June 7 /CNW/ - Tumi Resources Limited (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, is pleased to announce the results of preliminary mapping and underground channel sampling at the Mololoa silver-gold prospect, Jalisco, Mexico. Mapping of surface geology and the identified and accessible underground mine workings comprising the Mololoa district was undertaken to update the historical data. Silver mineralization appears to have been mined along fault structures which occur at the contacts between an aplitic intrusion and felsic flows or pyroclastics. These zones, which are generally shallow-dipping, were probably enriched due to weathering and redeposition along these highly permeable structures. Mineralization consists of unidentified silver minerals and manganese oxides along fractured quartz veins within these structures. Four separate mine adits were channel sampled with samples taken at right- angles to the structural direction and results are listed in the table below.
<< UNDERGROUND CHANNEL SAMPLING AT MOLOLOA
Adit Name Sample Length Au (g/t) Ag (g/t) (m) Las Chinches 0.76 1.0 354 0.9 0.1 45 0.67 1.1 221 1.3 0.7 398 La Soledad 0.85 2.0 253 0.5 6.2 1,899 1.2 0.8 130 0.96 0.7 207 1.4 1.6 455 1 2.2 465 1 0.3 148 1.65 1.2 630 0.5 0.3 264 1.3 0.7 171 1.59 0.2 88 0.38 0.5 108 0.36 1.1 278 0.6 0.3 97 2 0.2 61 1.30 0.1 45 1.67 0.5 158 1 0.6 110 0.79 0.5 157 Tamara 0.87 0.8 230 0.46 0.2 68 0.77 0.5 130 Albarradon 1.37 1.0 400 1.56 1.0 232
The results support the historical records of high grade silver-bearing structures within the Mololoa lease area and recommendations from this program include further sampling along the underground workings at El Ciruelo, Las Chinches, La Soledad, Mata Caballo, Tamara and Albarradon mines. The qualified person for the Mololoa 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 Mololoa project area to see the sample sites and 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.
- Tumi Resources Limited - Tumi Resources Reports Very Encouraging Results from an Underground Channel Sampling Program at the La Trini Silver-Gold Prospect, Jalisco, Mexico
- Tumi Resources Limited - Tumi Abandons the Cinco Minas Project, Jalisco, Mexico
- Tumi Resources Limited - Surface and Underground Channel Sampling Completed at the La Trini Silver-Gold Prospect, Jalisco, Mexico