Tournigan Drilling Adds High-Grade Uranium Mineralization at Kuriskova
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Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) provides this update
to its ongoing drilling program at the Kuriskova uranium deposit in
Slovakia. This drill program began in July and to date 12 holes
comprising approximately 2,500 metres have been completed. Drilling has
focused on extending high-grade uranium mineralization in Zone 45, with
the objective of increasing the size of the uranium resource. The
program has been successful in showing a significant increase in the
extent of Zone 45 uranium mineralization.
Highlights from drilling include the results from these four holes:
Drill | FROM | TO (m) | LENGTH | eU3O8% | ||||||
LE-K-50 | 165.3 | 168.7 | 3.4 | 0.693 | ||||||
including | 165.6 | 168.3 | 2.7 | 0.900 | ||||||
including* | 167.7 | 168.3 | 0.6 | 2.252 | ||||||
LE-K-51 | 176.6 | 178.8 | 2.2 | 0.378 | ||||||
including | 178.4 | 178.8 | 0.4 | 1.121 | ||||||
LE-K-52 | 185.3 | 187.3 | 2.0 | 0.343 | ||||||
including | 185.4 | 185.8 | 0.4 | 0.945 | ||||||
LE-K-57 | 149.6 | 153.1 | 3.5 | 0.844 | ||||||
including | 150.8 | 152.9 | 2.1 | 1.343 | ||||||
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The conclusions drawn from these results to date are:
The strike length of Zone 45 mineralization has increased by 100
metres to now total approximately 165 metres;
The results to date are expected to add to the uranium resource at
Zone 45;
Preliminary structural analysis of drill results has identified a
possible downward plunge orientation to the high-grade uranium
mineralization in Zone 45, which remains open to depth. Downward
extensions along this orientation may be tested by future drilling.
The drill rig will now be moved to test possible eastern extensions of
Kuriskova Main Zone high-grade uranium mineralization in Zone 1226.
As reported in an independent resource estimate prepared by Tetra Tech,
Inc. and announced March 24, 2010, the total NI 43-101 compliant
resource at Kuriskova (before including results from this drill program)
is 20.5 million pounds U308 Indicated contained in
1.6 million tonnes at 0.571% U308 and 17.5 million
pounds U308 Inferred contained in 3.5 million
tonnes at 0.228% U308 (cut-off of 0.05%U). The
resource estimate includes an Indicated Resource of a half-million
pounds of U308 at an average grade of 0.677% U308
in Zone 45.
A complete tabulation of significant results from the 12 drill holes
announced today is presented in Appendix A, which can be viewed from
this link: http://www.tournigan.com/i/pdf/Kuriskova-Zone45-Drill-AppA-Oct2010.pdf.
A plan and section showing these holes can be viewed from this link: http://www.tournigan.com/i/pdf/Kuriskova-Zone45-PlanView-Oct2010.pdf.
The uranium grades presented above are reported as equivalent uranium
oxide (e U3O8%) as determined by downhole
radiometric logging. The logging was performed by Koral, s.r.o. of
Slovakia. Drill core samples are being submitted to the Laboratory of
the Geological Survey in Slovakia (SGUDS) and ALS Chemex in Seville,
Spain for chemical assay. Drill intercepts are reported as drilled; true
thicknesses have not yet been calculated. Quality Control and Quality
Assurance is provided by Ravi Sharma, Tournigan′s Manager, Resources and
Reserves, who is a Qualified Person as defined by NI 43-101 and has
reviewed and approved the technical disclosure contained in this news
release.
About Tournigan
Tournigan is a uranium exploration and development company that has
built a portfolio of highly prospective assets in Slovakia, a member of
the European Union since 2004. Slovakia is economically and politically
stable, has excellent infrastructure and currently has four nuclear
reactors generating half of its electricity with two more under
construction. Tournigan is committed to safe and sustainable exploration
and mine development in Slovakia. In addition to Kuriskova, Tournigan
has several other exploration targets along the Slovakian uranium belt
which are showing positive exploration results.
TOURNIGAN ENERGY LTD.
'Dusty Nicol?
Dorian L. (Dusty) Nicol, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Notice to US investors: This press release uses the terms 'indicated
resources' and 'inferred resources', which are calculated in accordance
with the Canadian National Instrument 43-101 and the Canadian Institute
of Mining and Metallurgy Classification system. We advise investors that
while those terms are recognized and required by Canadian regulations,
the U.S. Securities and Exchange Commission does not recognize them.
U.S. investors are cautioned not to assume that any part or all of
mineral deposits in these categories will ever be converted into
reserves. In addition, 'Inferred resources' have a great amount of
uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any
part of an Inferred Mineral Resource will ever be upgraded to a higher
category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or pre-feasibility studies, except
in rare cases. U.S. investors are cautioned not to assume that part or
all of an inferred resource exists, or is economically or legally
minable.
For further information please contact: Knox Henderson, Tournigan Energy
Investor Relations, at (604) 683-8320, or visit www.tournigan.com.
Tournigan Energy Ltd.
Knox Henderson, Investor Relations
604-683-8320
www.tournigan.com