Tumi tests Cinco Minas

Vancouver – The high-grade silver and gold being hit by infill drilling at Tumi Resources‘ (TM-V) Cinco Minas property in Mexico, bodes well for the project’s open pit potential. The Cinco Minas property, situated near Guadalajara, Mexico, comprises an historic underground high-grade silver-gold mine known as El Abra along with other targets along a 5 km belt.

The El Abra mine was first developed in the early 1920s by the founders of the Anaconda Mining Company but was shut down during the Mexican Revolution in the 1930s after which little exploration was done.

The recently completed higher density drilling in the El Abra zone is intended to get a better handle on the resource figures. The results for the first eight of eighteen drill holes or 1,377 metres of drilling at El Abra returned significant intersections in each of the holes so far, with highlights including:

• Hole CMRC51 – 14 metres averaging 437 grams silver and 1.0 gram gold per tonne from a depth of 64 metres(including 4 metres averaging 1,362 grams silver and 2.1 grams gold)
• Hole CMRC-49 20 metres of 249 grams silver and 2.4 grams gold from 114 metre depth including two higher grade intervals), and
• Hole CMRC54 14 metres of 1.7 gram gold and 179 gram silver from a downhole depth of 118 metres

.

Tumi is earning a 60% interest in the project from Minera San Jorge S.A. de C.V., and has the right to purchase the remaining 40% interest.

Tumi Resources has been looking at the open pit potential of El Abra since the summer of 2002, after hitting bonanza grades of silver and gold near the surface. In January 2003, the second phase of underground and surface channel sampling returned up to 12.9 grams gold and 168 grams silver over 12.9 metres. This was followed by high-grade gold and silver intersected by reverse circulation drilling near surface.

Another four exploratory holes totaling 232 metres were drilled at the San Juan workings about 300 metres from El Abra along the northwest trending Cinco Minas vein, for which results are pending.

The company also has an interest in the Gran Cabrera properties that comprise over 20 historic high-grade gold and silver mines about 20 km northwest of Cinco Minas.