Tumi Resources Limited (CVE:TM) acquires the La Gloria gold-tungsten-tin project at Sonora.
Tumi Resources Limited (TSXV:TM) acquires the La Gloria gold-tungsten-tin project at Sonora.
The press release is quoted as saying:
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.
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