Tournigan Intersects High Grade Uranium at Kuriskova
Market Wire, October, 2008
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:
-***-
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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
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II 275.9 278.2 2.3 0.458
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Including 276.2 276.8 .6 1.109
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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.
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