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TUMI OPTIONS LA GLORIA GOLD-TUNGSTEN-TIN PROJECT

TUMI OPTIONS LA GLORIA GOLD-TUNGSTEN-TIN PROJECT

Write: Malavika [2011-05-20]

TUMI OPTIONS LA GLORIA GOLD-TUNGSTEN-TIN PROJECT


Tumi Resources Limited (the "Company") (TSXV: TM) (Pink Sheets: TUMIF) (Frankfurt: TUY). Mr. David Henstridge, President, is pleased to announce the acquisition of the La Gloria gold-tungsten-tin project located about 250 km by road east of Hermosillo, Sonora, and 47 km north of the Company's Mezquite property.

Two contiguous mineral claims totalling 200 hectares have been optioned from a private Mexican owner. The agreement gives TMXI Resources S.A. de C.V. (TMXI), the Company's wholly-owned Mexican subsidiary, the right to acquire 100% interest for a total of US$1,330,000 over 5 years of which US$30,000 is payable in the first year.

A 1.5% NSR is in place of which 0.5% can be purchased for US$500,000.

A report from 1959 states that La Gloria was discovered around 1955 by a group of Mexican prospectors. During a 3-week period in 1956, they reportedly produced 120 tons of 65% WO3 (tungsten oxide) using very crude mining and concentrating methods.

Several companies examined the property, but Union Carbide performed the most work, including mapping, minor blast-hole drilling and sampling over a 2 month period. A report by an engineer in 1957 stated that the property contained an estimated 208,000 tons of 1.5% WO3 and a potential 3 million tons of undetermined grade, requiring little or no stripping.

These estimates are historical in nature and were compiled prior to the implementation of NI 43-101 reporting standards. Tumi has not completed sufficient exploration to verify the estimates and is not treating them as NI 43-101 defined resources or reserves verified by a Qualified Person; the historical estimate should not be relied upon.

La Gloria is hosted by a massive garnet-pyroxene skarn spanning an area of at least 600 m NE-SW by 300 m NW-SE and of undetermined thickness. Numerous trenches, pits and adits are found within this area, and the skarn is believed to continue for some distance to the east. A granodioritic to quartz monzonitic intrusive is in contact with the skarn along its southern and western boundaries.

The skarn is locally strongly weathered to limonites and jarosite and contains visible pyrite. Scheelite (tungsten-bearing mineral) and molybdenite were noted in the historical records, as was the presence of gold, silver and copper.

As part of a due diligence process, Tumi conducted three campaigns of rock sampling for a total of 117 samples collected from the skarn, nearby intrusive and younger volcanics. At the main workings near the north end of the documented skarn body, a contiguous set of 16 channel samples (32 m) across strike averaged 3.3 g/t gold, 958 ppm (c. 0.1%) tungsten and 498 ppm (0.05%) tin. Highly anomalous bismuth was also noted in these samples. In this area, there is evidence of extensive surface workings extending more than 100 m in length and up to 50 m in width.

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