TSXV - TM
Frankfurt - TUY
Pink Sheets - TUMIF
VANCOUVER, March 1, 2012 /CNW/ - Tumi Resources Limited (the "Company") (TSXV:TM) (Pink Sheets:TUMIF) (Frankfurt:TUY). Mr. David Henstridge, President, announces that a diamond drill hole is underway at the 100% owned Sala project, located in the Bergslagen District of Sweden.
Sala, now a historical mine site, was once Europe's largest silver producer and in continuous production between the late 15'th century and 1908. Additional mining occurred in 1950-51 and between 1945-62 in the adjacent Bronas mine. Historical records indicate that >200 million ozs of silver were recovered from Sala with grades as high as 7,000 g/t (Tegengren, 1924). The sulphide mineralization is hosted in dolomitic marble and occurs dominantly as silver-bearing galena and to a lesser extent as complex antimonides, sulphosalts and native silver. The silver content of the galena was between 0.15% to 1%, the latter being one of the highest contents of silver in galena reported. The host rocks have been folded and faulted with the underlying metamorphosed felsic volcanics and pyroclastics. The series of shafts along the Sala mineralization trend more or less in a north-south direction, apparently controlled by fold structures gently plunging to the north. Longitudinal sections indicate that the mineralized zone at Sala (as indicated by mined-out workings) also plunges gently to the north.
The Sala mine was closed in 1909 following a year-long strike when the water in the mine rose to its current level of 160 meters. Though previous owners drilled some short holes on the upper levels and mined out some zinc at the southern end of the mine, no modern exploration has been undertaken testing for possible extensions of this mineralization down-plunge to the north. It should be noted that neither the work being undertaken by Tumi nor any potential future mining activities will affect any of the activities of the tourist mine.
Tumi has received permission to drill from the underground workings of the adjacent Tistbrottet dolomite mine which puts the drill site within 250 meters of the possible down-plunge extension of the Sala mineralization. A diamond drill has been located within the dolomite mine and drilling is underway.
Mr. Henstridge stated "Now that we have access to drill from the dolomite mine, we look forward to testing whether or not the Sala silver mineralization continues down-plunge to the north".
The qualified person for Tumi's projects, Anders Hogrelius, a Member of the Australian Institute of Geoscientists, has visited the Sala Project in Sweden and has verified the contents of this news 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.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
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Nick L. Nicolaas at (604) 657-4058
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