June 4, 2007
TUMI
RESOURCES LTD.
TSXv - TM; Frankfurt -TUY (WKN 251 738); OTCBB - TUMIF
TUMI RESOURCES
ENTERS AGREEMENT WITH GENERAL MINERALS ON BETAMOTE GOLD, MEXICO
�
Tumi
Has Signed a Joint Venture Agreement With General Minerals Corporation For Tumi�s
Betamote Gold Project in Sonora, Mexico (General Minerals (GNM-TSX) Can Earn Up
To 70%)
� Tumi�s Betamote Mineral Concessions
Currently Surrounds GMC�s Canasta Dorada Gold Property
�
The Combined
Project Area Will Also Be Known as �Canasta Dorada�, and Will Be the Flagship
Property for the Anticipated Spin Off of GMC�s North American Assets Located
in the U.S. and Mexico (SEE: GMC PR 07-06, May 4, 2007)
� Combined Land Package Will Total 448
Square Kilometres Within the Prolific Northern Sonora Gold Belt
� �Significant Gold Mineralization� Has
Been Previously Outlined by GMC at Canasta Dorada
David Henstridge,
President of Tumi Resources: �I am pleased to announce that the Company has
entered into a joint venture agreement with General Minerals Corporation�s
Mexican subsidiary Minera Genminmex S.A. (�Genmin�) over Tumi's Batamote
properties, Sonora State, Mexico, whereby Genmin may earn up to 70% interest
in the Batamote properties by incurring expenditures on the properties
of US$2 million over the first five years and by incurring an additional US$3
million of expenditures or by completing a final feasibility study by June 1,
2014. This joint venture provides the Company with additional
exploration funding and increases the chance of participating in a major
discovery.�
(
Click Here for General Minerals May 31, 2007 Press Release )
Friends,
TUMI has made a
strategic alliance with General Minerals (GMC) to explore the combined Betamote
and Canasta Dorada Gold Projects. The Joint Venture will infuse the project area
with exploration cash as GMC makes the now greatly expanded Canasta Dorada into
the �flagship property� for its anticipated spin off gold-copper company that
will focus on that company�s operations in Mexico and the USA. (GMC recently had a successful IPO spin off of its South American Property
interests.) Both TUMI and GMC believe that a much greater chance of major
success will come from combining the two original properties into one large
play. Certainly the area itself shows great promise and deserving of this focused
attention. The Sonora Gold Belt includes deposits and occurrences such as Mesquite
and Picacho in the Yuma area of Arizona and southeastern California, and La
Choya, La Herradura and Chanate in the Caborca region of northwest Sonora,
Mexico. The JV will build on the work GMC has done in the project area where
they have already found promising gold mineralization.
Regards,
Nick L. Nicolaas
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