bei Tournigan Gold.
Es gibt NEWS!
Diese frische News darf alle Tournigan-Aktionäre erfreuen. Denn es geht aufwärts. Alle notwendigen Bohrungen sind nun abgeschlossen, um eine neue Ressourcenkalkulation zu erstellen und die Pre-Feasibility nun zügig voranzutreiben.
Die Ergebnisse sind überzeugend, wir dürfen also potenziell mit einer Vervielfachung der Ressourcen in Curraghinalt rechnen. Das bedeutet für uns: Tournigan Gold steht vor einer Neubewertung, Vervielfachung der Ressourcen = Vervielfachung des Wertes = Vervielfachung des Aktienkurses.
Hier sind sie, die langersersehnten NEWS:
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: TOURNIGAN GOLD CORPORATION
TSX VENTURE SYMBOL: TVC
FRANKFURT, BERLIN SYMBOL: TGP
JULY 15, 2004 - 04:00 ET
Tournigan Successfully Completes Phase 1 Drilling; New
Resource Calculation and Pre-Feasibility Study to be
Initiated
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 15, 2004) -
Tournigan Gold Corporation (TSXV:TVC) (Frankfurt:TGP)
(Berlin:TGP) has completed the successful first phase of in-fill
drilling at the Curraghinalt Project in Northern Ireland. A new
drill campaign will begin at Curraghinalt to target substantial
new extensions to the known resource at depth and to the west.
Concurrently, Tournigan is initiating a comprehensive exploration
program at the Kremnica gold project in Slovakia.
Drill Results - Ireland
Six drill holes form the final part of Tournigan's ongoing
feasibility infill drilling program at Curraghinalt. Hole CT-20
converted a waste zone into an ore zone. CT-22 successfully
tested the faulted offset of the bonanza ore-shoot in the T17 HW
vein (see Tournigan's press release dated February 16, 2004).
CT-23 tested down-dip extension of three main resource-veins and
intercepted ore grade mineralization in difficult conditions.
Selected drill results are tabulated below:
/T/
--------------------------------------------------
From - to Length Grams per
Drill Hole (metres) (metres) tonne gold Vein
--------------------------------------------------
CT-20 61.30 - 62.35 1.05 19.39 T 17 HW
--------------------------------------------------
CT-22 30.00 - 34.32 4.32 34.51 T 17
including 30.50 - 33.32 2.82 52.80
--------------------------------------------------
CT-23 149.47 - 151.12 1.65 7.0 T 17
192.10 - 193.28 1.18 10.43 T 11 F
200.64 - 202.19 1.55 11.23 No. 1
including 200.89 - 201.79 0.90 19.25
269.57 - 270.67 1.20 5.6 106-16
--------------------------------------------------
Note: Previous estimates of the resource at Curraghinalt have used a
6 g/t gold cut-off grade over a minimum mining width of 1.25
metres.
/T/
Tournigan's accurate determination of gaps caused by faults has
succeeded in reducing or eliminating waste zones and adding ore
zones in approximately 80% of the cases during the course of the
current drill program. This reflects directly on the expertise
and work ethic of Tournigan's technical team, who have been able
to improve a very professional database. Future benefits to
Curraghinalt include a continued high success rate in future
drill programs, as well as better control of operating costs
during mining.
Hole CT-18 hi a fault gap and only returned a narrow, low-grade
intercept, but this result successfully guided the drilling of
CT-20 which reinterpreted a " stray" vein as a faulted offset of
the T17HW vein. This offset was not originally included in the
historical resource calculation and will now convert an entire
waste polygon into ore. CT-19 also aimed to test a low grade zone
between a waste zone and an ore zone. The hole deflected and
entered the waste zone too far east to convert to ore. CT-21
successfully tested the interpretation that the upper portion of
the 106-16 vein was thrust south 55 metres, although the
intercept was narrow. This discovery of a 55 m offset has
significant implications for the addition of new resources to the
west along strike.
CT-22 documented the existence of the projected fault-displaced
segment of the T-17 HW " bonanza" -grade ore shoot. Furthermore,
this hole increased the delineated dimensions of the T-17HW
bonanza ore shoot to approximately 30 m along strike, 80 m
down-plunge with a 1.74 m average thickness at approximately 2
ounces gold per tonne average grade. This ore shoot remains open
at depth.
CT-23 intersected the T-17 vein in the Kiln Shear, proving its
projection to a new maximum depth and providing a second example
of secondary structural vein thickening by the Kiln Shear, the
first example being a 6 m wide sequence grading 17 grams gold per
tonne. It is postulated that the intact, likely well-mineralized
T-17 vein is nearby. CT-23 also provides new, " deepest"
mineralized vein intercepts for the No. 1, 106-16, and T-11F
veins.
Tournigan will now proceed to re-calculate the resource estimate
and begin the Pre-Feasibility Study on Curraghinalt. Further,
Tournigan is extremely encouraged by the results of this first
phase, which confirms the Company's enhanced structural
understanding. Select extension drilling will begin at
Curraghinalt to substantially grow the overall resource.
Tournigan Gold is focused on developing two advanced gold
projects in Europe - Curraghinalt in Northern Ireland and
Kremnica in Slovakia.
TOURNIGAN GOLD CORPORATION
Damien Reynolds, President and Chief Executive Officer
Tournigan's Quality Assurance/Quality Control Program
Tournigan has implemented a Quality Assurance/Quality Control
(QA/QC) program as part of all geochemical sampling, sample
shipping and sample analysis procedures, for drilling, rock
sampling, and soil and stream sediment sampling programs. QA/QC
procedures include chain-of-custody protocol and systematic
submittal of blank samples and duplicate samples. Assays reported
by Tournigan represent a mix of provisional and final assays by
OMAC Laboratories in Ireland, as no significant variance has been
noted. The Qualified Person at Curraghinalt is Dr. Kent Ausburn -
see Tournigan's press release dated November 5, 2003 for further
details.
Statements in this press release other than purely historical
information, including statements relating to the Company's
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based
on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in mineral exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Tournigan Gold Corporation
Damien Reynolds
President
(604) 683-8320
(604) 683 8340 (FAX)
or
Tournigan Gold Corporation
Garry Stock
Executive VP
(604) 683-8320
(604) 683 8340 (FAX)
Email: info@tournigan.com
Website: www.tournigan.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Es gibt NEWS!
Diese frische News darf alle Tournigan-Aktionäre erfreuen. Denn es geht aufwärts. Alle notwendigen Bohrungen sind nun abgeschlossen, um eine neue Ressourcenkalkulation zu erstellen und die Pre-Feasibility nun zügig voranzutreiben.
Die Ergebnisse sind überzeugend, wir dürfen also potenziell mit einer Vervielfachung der Ressourcen in Curraghinalt rechnen. Das bedeutet für uns: Tournigan Gold steht vor einer Neubewertung, Vervielfachung der Ressourcen = Vervielfachung des Wertes = Vervielfachung des Aktienkurses.
Hier sind sie, die langersersehnten NEWS:
NEWS RELEASE TRANSMITTED BY CCNMatthews
FOR: TOURNIGAN GOLD CORPORATION
TSX VENTURE SYMBOL: TVC
FRANKFURT, BERLIN SYMBOL: TGP
JULY 15, 2004 - 04:00 ET
Tournigan Successfully Completes Phase 1 Drilling; New
Resource Calculation and Pre-Feasibility Study to be
Initiated
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jul 15, 2004) -
Tournigan Gold Corporation (TSXV:TVC) (Frankfurt:TGP)
(Berlin:TGP) has completed the successful first phase of in-fill
drilling at the Curraghinalt Project in Northern Ireland. A new
drill campaign will begin at Curraghinalt to target substantial
new extensions to the known resource at depth and to the west.
Concurrently, Tournigan is initiating a comprehensive exploration
program at the Kremnica gold project in Slovakia.
Drill Results - Ireland
Six drill holes form the final part of Tournigan's ongoing
feasibility infill drilling program at Curraghinalt. Hole CT-20
converted a waste zone into an ore zone. CT-22 successfully
tested the faulted offset of the bonanza ore-shoot in the T17 HW
vein (see Tournigan's press release dated February 16, 2004).
CT-23 tested down-dip extension of three main resource-veins and
intercepted ore grade mineralization in difficult conditions.
Selected drill results are tabulated below:
/T/
--------------------------------------------------
From - to Length Grams per
Drill Hole (metres) (metres) tonne gold Vein
--------------------------------------------------
CT-20 61.30 - 62.35 1.05 19.39 T 17 HW
--------------------------------------------------
CT-22 30.00 - 34.32 4.32 34.51 T 17
including 30.50 - 33.32 2.82 52.80
--------------------------------------------------
CT-23 149.47 - 151.12 1.65 7.0 T 17
192.10 - 193.28 1.18 10.43 T 11 F
200.64 - 202.19 1.55 11.23 No. 1
including 200.89 - 201.79 0.90 19.25
269.57 - 270.67 1.20 5.6 106-16
--------------------------------------------------
Note: Previous estimates of the resource at Curraghinalt have used a
6 g/t gold cut-off grade over a minimum mining width of 1.25
metres.
/T/
Tournigan's accurate determination of gaps caused by faults has
succeeded in reducing or eliminating waste zones and adding ore
zones in approximately 80% of the cases during the course of the
current drill program. This reflects directly on the expertise
and work ethic of Tournigan's technical team, who have been able
to improve a very professional database. Future benefits to
Curraghinalt include a continued high success rate in future
drill programs, as well as better control of operating costs
during mining.
Hole CT-18 hi a fault gap and only returned a narrow, low-grade
intercept, but this result successfully guided the drilling of
CT-20 which reinterpreted a " stray" vein as a faulted offset of
the T17HW vein. This offset was not originally included in the
historical resource calculation and will now convert an entire
waste polygon into ore. CT-19 also aimed to test a low grade zone
between a waste zone and an ore zone. The hole deflected and
entered the waste zone too far east to convert to ore. CT-21
successfully tested the interpretation that the upper portion of
the 106-16 vein was thrust south 55 metres, although the
intercept was narrow. This discovery of a 55 m offset has
significant implications for the addition of new resources to the
west along strike.
CT-22 documented the existence of the projected fault-displaced
segment of the T-17 HW " bonanza" -grade ore shoot. Furthermore,
this hole increased the delineated dimensions of the T-17HW
bonanza ore shoot to approximately 30 m along strike, 80 m
down-plunge with a 1.74 m average thickness at approximately 2
ounces gold per tonne average grade. This ore shoot remains open
at depth.
CT-23 intersected the T-17 vein in the Kiln Shear, proving its
projection to a new maximum depth and providing a second example
of secondary structural vein thickening by the Kiln Shear, the
first example being a 6 m wide sequence grading 17 grams gold per
tonne. It is postulated that the intact, likely well-mineralized
T-17 vein is nearby. CT-23 also provides new, " deepest"
mineralized vein intercepts for the No. 1, 106-16, and T-11F
veins.
Tournigan will now proceed to re-calculate the resource estimate
and begin the Pre-Feasibility Study on Curraghinalt. Further,
Tournigan is extremely encouraged by the results of this first
phase, which confirms the Company's enhanced structural
understanding. Select extension drilling will begin at
Curraghinalt to substantially grow the overall resource.
Tournigan Gold is focused on developing two advanced gold
projects in Europe - Curraghinalt in Northern Ireland and
Kremnica in Slovakia.
TOURNIGAN GOLD CORPORATION
Damien Reynolds, President and Chief Executive Officer
Tournigan's Quality Assurance/Quality Control Program
Tournigan has implemented a Quality Assurance/Quality Control
(QA/QC) program as part of all geochemical sampling, sample
shipping and sample analysis procedures, for drilling, rock
sampling, and soil and stream sediment sampling programs. QA/QC
procedures include chain-of-custody protocol and systematic
submittal of blank samples and duplicate samples. Assays reported
by Tournigan represent a mix of provisional and final assays by
OMAC Laboratories in Ireland, as no significant variance has been
noted. The Qualified Person at Curraghinalt is Dr. Kent Ausburn -
see Tournigan's press release dated November 5, 2003 for further
details.
Statements in this press release other than purely historical
information, including statements relating to the Company's
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based
on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in mineral exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Tournigan Gold Corporation
Damien Reynolds
President
(604) 683-8320
(604) 683 8340 (FAX)
or
Tournigan Gold Corporation
Garry Stock
Executive VP
(604) 683-8320
(604) 683 8340 (FAX)
Email: info@tournigan.com
Website: www.tournigan.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
