TOURNIGAN ENERGY LTD.
March 07, 2011
Tournigan Continues to Improve Grade in Kuriskova's Main Zone South
Vancouver, March 7, 2011 -- Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the results of the second and third infill drill holes (LE-K-65 and LE-K-66) in the Main Zone South of the Kuriskova uranium deposit in Slovakia. Results of the first infill hole in this zone, LE-K-64, were previously disclosed in a news release dated February 2, 2011.
"We are pleased with the higher grade results of these holes, in particular the high grade intercepts in holes LE-K-66 and LE-K-64," said Dorian L. (Dusty) Nicol, Tournigan's President and CEO. "We expect that this will lead to an increase in the average grade of the deposit and a conversion of Inferred Resource to Indicated."
Highlights of these results are:
Hole LE-K-65: 0.7 metres at 0.335% eU3O8;
Hole LE-K-66: 1.6 metres at 0.688% eU3O8 including 0.2 metres at 2.264% eU3O8 and 0.7 metres at 0.783% eU3O8;
Hole LE-K-64 (previously disclosed) had an intercept of 2.6 metres at 0.793% eU3O8 including 0.7 metres at 2.096% eU3O8, the highest grade uranium intercept in the Main Zone South area;
All three infill holes intersected higher grade uranium mineralization compared to the current Inferred Resource model grade of 0.174% eU3O8 in this part of the deposit;
These holes are expected to have a beneficial impact on current resource grade and upgrade Inferred Resources to the Indicated category; and,
Results confirm the thickness and geological interpretation of the resource model and increase confidence in the current resource model.
A complete tabulation of significant intersections from these holes is presented in Appendix A which can be viewed from this web link. Drill hole locations can be viewed from this web link. The Kuriskova resource model is being re-estimated with the inclusion of 2010 and 2011 drilling results as part of the ongoing Prefeasibility Study being done by Tetra Tech and will be released in late March or early April 2011.
On January 14, 2011, Tournigan began the current drilling program with the objective of upgrading and expanding the Kuriskova uranium resource. The three holes of the 2011 drill program completed to date total 1,450 metres of an initial 4,500 metre drilling program.
Uranium grades presented in this news release are reported as equivalent uranium oxide (eU3O8 %) based on 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.
March 07, 2011
Tournigan Continues to Improve Grade in Kuriskova's Main Zone South
Vancouver, March 7, 2011 -- Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the results of the second and third infill drill holes (LE-K-65 and LE-K-66) in the Main Zone South of the Kuriskova uranium deposit in Slovakia. Results of the first infill hole in this zone, LE-K-64, were previously disclosed in a news release dated February 2, 2011.
"We are pleased with the higher grade results of these holes, in particular the high grade intercepts in holes LE-K-66 and LE-K-64," said Dorian L. (Dusty) Nicol, Tournigan's President and CEO. "We expect that this will lead to an increase in the average grade of the deposit and a conversion of Inferred Resource to Indicated."
Highlights of these results are:
Hole LE-K-65: 0.7 metres at 0.335% eU3O8;
Hole LE-K-66: 1.6 metres at 0.688% eU3O8 including 0.2 metres at 2.264% eU3O8 and 0.7 metres at 0.783% eU3O8;
Hole LE-K-64 (previously disclosed) had an intercept of 2.6 metres at 0.793% eU3O8 including 0.7 metres at 2.096% eU3O8, the highest grade uranium intercept in the Main Zone South area;
All three infill holes intersected higher grade uranium mineralization compared to the current Inferred Resource model grade of 0.174% eU3O8 in this part of the deposit;
These holes are expected to have a beneficial impact on current resource grade and upgrade Inferred Resources to the Indicated category; and,
Results confirm the thickness and geological interpretation of the resource model and increase confidence in the current resource model.
A complete tabulation of significant intersections from these holes is presented in Appendix A which can be viewed from this web link. Drill hole locations can be viewed from this web link. The Kuriskova resource model is being re-estimated with the inclusion of 2010 and 2011 drilling results as part of the ongoing Prefeasibility Study being done by Tetra Tech and will be released in late March or early April 2011.
On January 14, 2011, Tournigan began the current drilling program with the objective of upgrading and expanding the Kuriskova uranium resource. The three holes of the 2011 drill program completed to date total 1,450 metres of an initial 4,500 metre drilling program.
Uranium grades presented in this news release are reported as equivalent uranium oxide (eU3O8 %) based on 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.