Tournigan Intersects High Grade Uranium at Kuriskova
October 07 2008 - 7:00AM
Marketwired
Tournigan Energy Ltd. (TSX-V: TVC) (FRANKFURT: TGP) announced today
the results of two diamond drill holes at its Kuriskova deposit
located in eastern Slovakia. The results continue to demonstrate
the presence of high grade uranium mineralization. These two holes
intersect main zone mineralization at shallower depth and confirm
the continuity of Main Zone mineralization up to Fault 614 (see
map).
Significant drill hole intersections include:
* LH-K-10A: 2.3 metres at 0.458 % eU308 (including 0.6 m @1.109
% eU308)
* LH-K-12A: 2.7 metres at 0.577 % eU308 (including 0.5m @ 1.132
% eU308)
The two infill drill holes at Kuriskova were drilled within the
Main Zone and intersected high grade mineralization at depths
between 276 metres and 294 metres. The holes announced today were
drilled after the previously disclosed drill results released on
September 10, 2008. With these results Tournigan has completed ten
infill holes totaling 4,687 metres of drilling since May 2008.
Results from the downhole radiometric logging are as follows:
-***-
----------------------------------------------------------------------
Kuriskova Uranium Deposit, Slovakia
----------------------------------------------------------------------
Hole Intersection From To Length %eU3O8
(metres) (metres) (metres)
----------------------------------------------------------------------
LH-K-12A I 294.2 296.9 2.7 0.577
----------------------------------------------------------------------
Including 296.2 296.8 0.5 1.132
----------------------------------------------------------------------
----------------------------------------------------------------------
LH-K-10A I 272.1 274.4 2.3 0.331
----------------------------------------------------------------------
II 275.9 278.2 2.3 0.458
----------------------------------------------------------------------
Including 276.2 276.8 .6 1.109
----------------------------------------------------------------------
Including 376.6 377.3 0.7 1.065
----------------------------------------------------------------------
-****-
"Recent drilling at Kuriskova continues to demonstrate
continuity of high-grade uranium mineralization in the main zone of
the Kuriskova deposit," said Dorian L. (Dusty) Nicol, Tournigan's
President and CEO. "We remain encouraged that we will be able to
upgrade significant portions of the current inferred resource to
the indicated category."
A longitudinal projection showing drill locations with results
can be viewed from this link:
http://www.tournigan.com/i/pdf/KuriskovaVLP.pdf.
A NI 43-101 estimate, announced July 16, 2008 and prepared by
SRK Consulting (U.S.) Inc., upgraded a portion of the Kuriskova
deposit to the indicated category at higher grade than previously
estimated. The estimate includes an indicated resource of 6.6
million pounds of U308 contained in 685,000 tonnes grading 0.435%
U3O8 and an inferred resource of 30.1 million pounds of U3O8
contained in 4.56 million tonnes grading 0.299% U3O8, using a
cut-off of 0.05%.
The uranium grades referred to above are reported as equivalent
uranium (eU308) as determined by downhole radiometric logging
equipment. The logging was performed by Koral, s.r.o. of Slovakia.
Quality control and quality assurance is being provided by Ravi
Sharma, Tournigan's Manager, Resources and Reserves.
Rich Eliason, Tournigan's Chief Geologist, and a Qualified
Person as defined by NI 43-101, has reviewed and approved the
technical disclosure contained in this news release.
About Tournigan Energy Ltd.
Tournigan is a uranium and gold exploration and development
company that has built a portfolio of highly prospective assets in
Europe and North America. The company has focused its development
and obtained licenses in Slovakia, a member of the European Union
since 2004. Slovakia is economically and politically stable, has
excellent infrastructure and an educated population. Tournigan is
committed to safe and sustainable exploration and mine development
in Slovakia and its other operational jurisdictions.
On behalf of the Board of Directors of
TOURNIGAN ENERGY LTD.
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
Forward-looking statements: Certain of the statements made
herein, including any information as to the Corporation's future
financial or operating performance, may be forward-looking and
subject to important risk factors and uncertainties, many of which
are beyond the Corporation's ability to control or predict.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Corporation undertakes no
obligation to update publicly or release any revisions to
forward-looking statements to reflect events or circumstances after
the date of this document or to reflect the occurrence of
unanticipated events.
Cautionary Note to U.S. Investors -- The United States
Securities and Exchange Commission permits U.S. mining companies,
in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or
produce. We use certain terms in this news release, such as
"measured," "indicated," and "inferred" "resources," which the SEC
guidelines strictly prohibit U.S. registered companies from
including in their filings with the SEC. U.S. investors are urged
to consider closely the disclosure in our Form 40-F which may be
secured from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For further information please contact: Knox Henderson Tournigan
Investor Relations (604) 637-3563 or visit www.tournigan.com 1200 -
570 Granville Street Vancouver BC Canada V6C 3P1 Tel: (604) 683
8320 Fax: (604) 683 8340 Email: Email Contact
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