VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2008) - Tumi Resources Limited ("Tumi" and/or the "Company") (TSX VENTURE:TM)(OTCBB:TUMIF)(FRANKFURT:TUY). David Henstridge, President, updates the status of exploration in Sweden.
Tumi has a total of seventeen projects consisting of 29 leases totalling 21,310 hectares in the Bergslagen district of south-central Sweden. The Bergslagen district lies immediately to the north-west of Stockholm and covers an area of approximately 200 kms east-west by 150 kms north-south. The Bergslagen district is underlain by highly mineralized volcanics and sediments and is one of the most important ore districts in Europe, containing deposits of iron, manganese, base-metal and silver sulphides. The district contains the well known historic and current Sala, Falun, Garpenberg and Zinkgruvan mines.
Sala: The Swedish drill contractor, Drill Skill AB has pre-collared 6 holes ranging from 27m to 200m depth. This was to ensure the holes successfully penetrated the overlying boulder-strewn glacial till sequence and pre-collared barren dolomite above the target zone. The diamond drill rig is now onsite, and core drilling has commenced at the first hole. The Company has also received permission for drill sites further west of the current holes to enable deeper drilling if the first phase of drilling proves successful.
Tomtebo: A preliminary analysis of the Induced Polarization survey (IP) completed at Tomtebo late last year has supported the existence of a previously unexplained EM conductor located 300m NE of the largest workings at Tomtebo. Several other EM conductors previously identified as being caused by man-made activities are also being reviewed as possible targets since they also were detected as high-chargeability anomalies by the IP survey. The Company has let a further contract to SMOY of Finland to undertake two lines of dipole-dipole IP across the best conductive zones. This type of IP will enable the Company to better target the EM anomalies with diamond drilling.
Vitturn: One of the better known historic mineral fields in the Bergslagen District is Stollberg where there are deep abandoned base metal and silver mines. Numerous old mines and workings occur along this north-south trending belt over a distance of 12kms. At the northern end of the field the Company owns the Vitturn 1 and 2 licences and believes the host mineral sequence may extend under till cover into this licence area. In order to test the theory, the Company has let a contract to SMOY of Finland for a gradient array IP survey totalling about 19 line kms over the zone of interest. This program is expected to be undertaken in mid-March.
Jonsmossen: The Company has also staked two new licence areas on the southern extension to the Stollberg field known as Stollberg 2 and Jonsmossen. Last year, Company geologists obtained elevated base-metal results in a sample taken from an old pit on the Stollberg 2 claim.
The Stollberg field is characterized by the occurrence of adjacent and overlapping manganese-, magnetite- and sulphide-rich ores. A strong magnetic anomaly within the Stollberg 2 claim can be used to identify the stratigraphic horizon where base-metal ores are most likely to occur. The Company's Stollberg 1 claim was flown recently with airborne EM by Skytem of Denmark.
In the Jonsmossen area, several smaller showings of the same type and stratigraphic location as the Stollberg ores were located by the government-owned exploration company NSG (Namnden for Statens Gruvegendom) in the late 1980's. Several sphalerite-rich boulders have since been found within the area suggesting that yet-undiscovered mineralization may exist. Exploration work is planned for the 2008 field season.
The qualified person for Tumi's Projects, David Henstridge, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has visited the Bergslagen District of Sweden and has verified the contents of this press release.
On behalf of the Board,
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tumi Resources Limited
Mariana Bermudez
Company Contact
(604) 699-0202
(604) 683-1585 (FAX)
Email: mbermudez@chasemgt.com
Website: www.tumiresources.com
Mining Interactive
Nick L. Nicolaas
Investor Information Contact
(604) 657-4058
Email: nick@mininginteractive.com
