Tournigan Updates Progress on Prefeasibility Study for Kuriskova
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Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) (Pink Sheets: TVCFF)continues to advance an NI 43-101 compliant prefeasibility study for
its Kuriskova uranium project in Slovakia. Tetra Tech, Inc. of Golden,
Colorado is preparing the study, expected to be completed in December
2011.
Tetra Tech′s proposed mine production plan for Kuriskova will be based
on the Indicated portion of the most recent resource estimate. The April
2011 resource estimate comprises an Indicated Resource of 28.5 million
pounds U3O8 grading 0.555% U3O8
contained in 2.3 million tonnes and an additional Inferred Resource of
12.7 million pounds U3O8 grading 0.185% U3O8
contained in 3.1 million tonnes, at a cut-off of 0.05%U (see news
release dated April 26, 2011 announcing the resource estimate prepared
by Tetra Tech). Ongoing metallurgical test work has confirmed uranium
recoveries of 93-94%.
All field work and data interpretation necessary for completion of the
prefeasibility study on schedule are in progress. Highlights of the work
include:
Completion of Phase 1 metallurgical test work at Hazen Research. Phase
II is in progress;
Geotechnical studies: the third of five geotechnical holes is being
drilled, with completion of the geotechnical drilling program expected
by mid-September. Logging of oriented core is continuing and results
are being interpreted;
Hydrogeological modeling: the three hydrogeological holes have been
drilled and results are being interpreted;
Collection of environmental base line data, including water and soil
sampling and analysis;
Preliminary engineering work for mine, process plant and
infrastructure design; and
Capital and operating cost estimates.
The Phase 1 test work at Hazen has confirmed uranium and molybdenum
leach recoveries of 93-94% and 90-93%, respectively, on Kuriskova
composites using a conventional alkaline leach circuit at P80
200 mesh grind, 200oC, and oxygen overpressure of 100 psi in
a two hour leach time. Phase 2, which is ongoing, is focusing on
refinement of the uranium and molybdenum precipitation parameters using
industry standard flow sheets for alkaline process plants.
In addition to advancing the Kuriskova prefeasibility study, Tournigan
is continuing with surface exploration work (geology, geochemistry and
geophysics) within the Kuriskova exploration licence and on the
company′s other exploration licences in Slovakia. This is expected to
lead to drill targets which the company will begin testing after the
Kuriskova geotechnical drilling is completed. Tetra Tech is also in the
process of preparing an NI 43-101 resource estimate for the Novoveska
Huta uranium deposit in Slovakia which is expected for release by the
end of September.
Dorian L (Dusty) Nicol, B.Sc. Geo, M.A. Geo., Tournigan's President and
CEO, is a Qualified Person as defined by National Instrument 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.
Cautionary Statement:
This news release contains forward-looking statements that are based on
the Corporation′s current expectations and estimates. Forward-looking
statements are frequently characterized by words such as 'plan?,
'expect?, 'project?, 'intend?, 'believe?, 'anticipate?, 'estimate?,
'suggest?, 'indicate? and other similar words or statements that certain
events or conditions 'may? or 'will? occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans to continue
to be refined; possible variations in ore grade or recovery rates;
accidents, labour disputes and other risks of the mining industry;
delays in obtaining governmental approvals or financing; and
fluctuations in metal prices. There may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Any forward-looking statement speaks only as of the date on
which it is made and, except as may be required by applicable securities
laws, the Corporation disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are
not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty
therein.
Tournigan Energy
Knox Henderson, 604-683-8320
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