Tumi Granted Tungsten Property Portfolio

Tumi Resources Limited (TSXV:TM,PINK:TUMIF,FRA:TUY) reports it has three additional exploration licences in Sweden.

The press release is quoted as saying,

The primary target commodity on these licences is tungsten (and associated fluorite), a strategic metal that has seen its value increase by more than 70% since October 2010. The tungsten metal market is expected to see shortages beginning in 2011, which are due in part to export restrictions imposed by China. China is the largest producer with 2009 data showing greater than 75% of global production but is soon expected to be a net importer of the metal. By staking these additional claims the Company will be well positioned for tungsten exploration inSweden over the coming years.

For the complete press release, click here.