The Company announces that it proposes to undertake a non-brokered private placement financing of up to 12,500,000 units at $0.05 per unit to raise gross proceeds of $625,000. Directors and Officers of the Company will be participating in the private placement financing. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle holders to purchase one common share of the [...]
Tumi Resources - David Henstridge, President, reports that the Company has staked six areas covering tungsten and strategic metals totaling 3,680 hectares in the Bergslagen District of south-central Sweden, each being 100% owned by the Company. The primary commodity on these licences is tungsten (and associated fluorite and beryllium), a strategic metal that has seen its value increase by ...
Mr. David Henstridge, President, reports that the Company has acquired through staking the Yxsjon Nr5 exploration license totaling 684 hectares in south-central Sweden. This licence is in addition to the five tungsten licences previously staked - Wigstromsgruvan, Sandudden, Gustavsberg, Gussarvet and Gensgruvan. The primary target commodity on all six licences is tungsten and associated fluorite with possible additional [...]
Tumi Resources. Mr. David Henstridge, President, announces that four diamond drill holes totalling 1,137.65 m have now been completed at the Company's 100% owned Sala project, located in the Bergslagen District of Sweden. Assay results for three of the holes have been received and are listed in the table below. Mr. Henstridge stated, "the drill program demonstrated that the Sala mineralization continues to plunge to the [...]
Mr. David Henstridge, President, announces that the results from this year's drilling program at the Company's 100% owned Sala project, located in the Bergslagen District of Sweden, have now been received. Sala, now a historical mine site, was once Europe's largest silver producer and was in continuous production between the late 15'th century and 1908. Additional mining occurred at Sala during 1948-52 and between 1945 [...]
Mr. David Henstridge, President, announces that results have been received for an initial diamond drill program completed at La Gloria gold-tungsten-tin skarn prospect. La Gloria is located about 250 km by road east of Hermosillo, Sonora and is held within two contiguous mineral claims totalling 200 hectares optioned from a private Mexican owner.
Six holes were drilled, totalling 671.3 m and ranging in depth from 81.5 m [...]
Mr. David Henstridge, President, announces that the Company has, with the assistance of an independent resource consultant, defined a 4 - 5 million tonne zinc-silver exploration target at the Company's 100%-owned Sala property, located in the Bergslagen District of central Sweden. The exploration target is based on mineralized horizons in a dolomitic marble host, located parallel to and about 200 m west of the former Sala [...]
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 [...]
Mr. David Henstridge, President, announces that a diamond drill program at the Company's La Gloria gold-tungsten-tin project has commenced. This is the first diamond drilling undertaken at La Gloria that produced a small amount of tungsten ore by crude mining and concentrating methods in 1956. La Gloria is located about 250 km by road east of Hermosillo, Sonora and is held within two contiguous mineral claims totalling [...]
Mr. David Henstridge, President, announces that metallurgical test work has been completed on two different types of mineralization testing for metal recovery by flotation and cyanidation. The work was undertaken by Mountain States R&D International of Vail, Arizona. This program was a result of the Company's decision to reactivate work on the La Trini resource due to the significant increase in the price of gold and [...]
Mr. David Henstridge, President, announces that a diamond drill contract has been signed with Falcon Perforaciones Mexico, S.A. de C.V. This program will be the first undertaken at the La Gloria gold-tungsten-tin skarn that produced a small amount of tungsten ore by crude mining and concentrating methods in 1956. La Gloria is located about 250 km by road east of Hermosillo, Sonora and is held within two contiguous [...]
Mr. David Henstridge, President, reports that the Company has acquired through staking the Gussarvet exploration licence totaling 519 hectares in south-central Sweden. This licence is in addition to the four tungsten licences previously staked - Wigstromsgruvan, Sandudden, Gansgruvan and Gensgruvan. The primary target commodity on all five licences is tungsten and associated fluorite. Tungsten is a strategic metal that [...]
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