SOURCE: Tournigan Energy Ltd.
Tournigan Intersects High Grade Uranium at Kuriskova
VANCOUVER, BC--(Marketwire - October 7, 2008) - Tournigan Energy Ltd. (TSX-V: TVC)
(
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:
"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.
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.
-***-
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Kuriskova Uranium Deposit, Slovakia
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Hole Intersection From To Length %eU3O8
(metres) (metres) (metres)
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LH-K-12A I 294.2 296.9 2.7 0.577
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Including 296.2 296.8 0.5 1.132
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----------------------------------------------------------------------
LH-K-10A I 272.1 274.4 2.3 0.331
----------------------------------------------------------------------
II 275.9 278.2 2.3 0.458
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Including 276.2 276.8 .6 1.109
----------------------------------------------------------------------
Including 376.6 377.3 0.7 1.065
----------------------------------------------------------------------
-****-
"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO
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
