Tumi Resources Limited - Tumi Resources: Company and Exploration Update, 2007 Drill Programs Planned for Mexico and Sweden



    TSXv - TM
    Frankfurt - TUY
    OTCBB - TUMIF

    VANCOUVER, Aug. 8 /CNW/ - Tumi Resources Limited ("Tumi" and/or the
"Company") (TSXv-TM; OTCBB - TUMIF; Frankfurt - TUY).

    To Our Shareholders: Your Company continues an aggressive acquisition and
exploration program both in Mexico and Sweden. Your Company has maintained its
objective of being a premier silver explorer; Tumi has completed two drill
programs and has two more planned for this year.

    David Henstridge: "Please note that I have recently completed a video
interview highlighting some of your Company's main projects and outlining the
direction the Company is taking over the coming weeks and months. The Video
can be viewed at: http://mininginteractive.com/media/tumi/70718/"

    MEXICO

    The Company has the 100% rights to nine properties located in the states
of Jalisco and Sonora, covering approximately 114,370 hectares. There are five
high priority projects which are the focus of our exploration program this
year; the proposed activities are as follows:

    La Trini: In January 2005, Tumi acquired a 100% interest in the La Trini
mineral claim, located within the Hostotipaquillo mining district, Jalisco
State, Mexico. Tumi has completed 35 reverse circulation drill holes in two
programs which included results of 18.3m averaging 3.1 g/t gold and 150 g/t
silver in hole TRRC-6 and 24.4m averaging 6.4 g/t gold and 1,629 g/t silver in
TRRC-32. Drilling, coupled with surface and underground sampling programs, has
defined a 400m long northerly trending mineralized zone. The zone is 200m wide
and remains open down-dip to the north. There appears to be a higher grade
corridor along the eastern edge of this zone which includes hole TRRC-32. This
corridor will be the focus of a closely spaced drill program scheduled to
start as soon as an RC rig is contracted.

    Phoenix: At Phoenix, in Sonora, rock geochemistry along a control grid
has defined four distinct anomalous horizons that are at least 1.75 km long.
The anomalies overlie gold/silver bearing stockwork mineralization. Nineteen
widely spaced drill holes have been completed, totaling 1,495m. The best
result received in the drill program was 10m averaging 1.2 g/t gold, starting
from surface, in hole PHRC-3. The Company is reviewing all data to determine
whether the drilling has adequately tested the anomalous zones.

    Mazatan: An old placer gold field occurs just outside of the claim
boundary and appears to be draining intensely hematite altered sediments
within the claim. These sediments appear to be the source of the gold
mineralization; preliminary rock sampling done by the Company supports this
model. To explore the potential of the entire licence area, a total of 877,
-80 mesh, geochemical samples have been collected and submitted for 30 element
ICP analyses.

    El Colorado: The El Colorado licence area abuts the northern boundary of
the claims covering the now closed La Colorada Mine previously operated by the
Canadian company Eldorado Gold Corporation. The mine opened in 1994 and
produced up to 65,000 ozs of gold per year from an open-pit, heap-leach
operation and was closed in 2001. Hematite alteration, strongly visible and
associated with the rocks inside the La Colorada mine, continues to the north
into the El Colorado claims owned by the Company. A regional stream sediment
geochemical survey is underway, and approximately 1,200 samples will be
collected and analysed for 30 elements using the ICP method.

    Batamote: This property, located in northern Sonora, is underlain by
geology that has some similarities to the Phoenix property, and it contains
several small artesanal mine workings along highly altered structures,
presumably mined for gold and silver. This large concession lies a few km west
of the advanced stage El Chanate gold deposit. During May 2007, Tumi farmed
out this licence to General Minerals Corporation who has the right to earn a
70% interest by incurring US $5m in expenditure over six years.

    SWEDEN

    During 2006, Tumi staked numerous silver and base metal projects in the
Bergslagen District of Sweden, located immediately to the north-west of
Stockholm. Bergslagen District is highly mineralized and is one of the most
important ore districts in Europe, containing deposits of iron, manganese,
base-metal and silver sulphides. It is host to well known historic and current
mines: Sala, Falun, Garpenberg and Zinkgruvan. The Company has staked fifteen
(15) properties totaling 15,253 hectares. Two projects, Sala and Tomtebo, are
undergoing detailed exploration whilst regional work is continuing on the
remainder.

    Sala: Tumi has staked the historic Sala mine which contained some of the
richest silver ores in the world, and historic records indicate that in excess
of 200 million ozs of silver were produced. Exploration over the last year has
defined a drill target immediately to the west of the old mine and trending
south for about one kilometer northwest-southeast. Approval for drilling has
been lodged with the appropriate Swedish authorities as required by the
Swedish Mining Law.

    Tomtebo: The historic Tomtebo mine is located 25 km southeast of the city
of Falun, Sweden. Earliest records indicate that the Tomtebo mine was first
discovered and developed in the mid-17th century, producing ores containing
copper, zinc, silver and gold. In 2006, the Company completed an airborne
electromagnetic (EM) geophysical survey over the property. An EM conductor was
discovered near the old Tomtebo mine, and Tumi intends to undertake a ground
induced polarization (IP) survey of this area prior to an initial drill
program.

    News Flow: We expect to be able to provide our shareholders with steady
news flow during the balance of 2007.

    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 all of the Company's
projects in Mexico and 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 Bvrse have reviewed the information contained herein,
and, therefore, do not accept responsibility for the adequacy or the accuracy
of this release.




For further information:

For further information: Company Contact: Mariana Bermudez at (604)
699-0202, or email: mbermudez@chasemgt.com, website: ww.tumiresources.com;
Investor Information Contact: Mining Interactive, Nick L. Nicolaas at (604)
657-4058, or email: nick@mininginteractive.com

Organization Profile

Tumi Resources Limited

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890