Wer es hier noch nicht weiß,der Abbau in Nordirland soll beschleunigt werden und Mitte 2004 starten!
Laßt uns die Unzen holen!!
TSX VENTURE SYMBOL: TVC
FRANKFURT SYMBOL: TGP
NOVEMBER 5, 2003 - 03:01 ET
Tournigan Gold Accelerates Drilling at Curraghinalt,
Northern Ireland
VANCOUVER, BRITISH COLUMBIA--Tournigan Gold Corporation
(TVC:TSX.V) (`Tournigan` or the `Company`) is moving towards gold
production at Curraghinalt, Northern Ireland, with a rapid
timetable leading to completion of a feasibility study and design
of an underground gold mine and on-site ore processing plant by
the middle of 2004. To this end, a 3,000 metre infill diamond
drilling programme has started, the results of which will
increase the confidence levels of the current resource estimates.
Gold mineralization is contained in seven steeply dipping, high
grade, quartz-sulphide veins that range in widths up to 3 metres.
The current inferred resource calculation of 468,097 tonnes at an
average grade of 16.96 grams of gold per tonne, containing
255,000 ounces of gold is concentrated beneath an area measuring
1,000 by 250 metres (for details see Tournigan`s Press Release of
July 11, 2003). This current drill programme, combined with the
15,000 metres of drilling that had previously been carried out,
will yield a final average drill spacing of approximately 25 to
30 metres down to a depth of 150 metres. This increased drilling
density should allow for the majority of the current resources,
which are in the inferred category, to be upgraded to the
measured category.
Drilling of the HQ-size core is underway with two drill rigs. A
third rig will arrive on site within the next 10 days. The
drilling programme is expected to be completed within three
months and will be under the supervision of Dr. Kent Ausburn,
Tournigan`s Vice-President, Exploration and designated Qualified
Person. Samples continue to be assayed at OMAC Laboratories in
Loughrea, Republic of Ireland. Tournigan is planning to release
results in groups of related drill holes at regular intervals.
Additionally, several other studies have been initiated that will
be incorporated into the Curraghinalt feasibility study. These
include a comprehensive geostatistical study as well as mining
and processing optimizations. An environmental assessment, which
is a necessary part of the permitting process, will be initiated
next year.
Once in production, Curraghinalt will be the most significant
gold mine in Northern Ireland.
TOURNIGAN GOLD CORPORATION
" Damien Reynolds"
Damien Reynolds, President and Director
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:
In Canada
Damien Reynolds
President
(604) 683-8320
or
In Canada
Garry Stock
Executive VP
(604) 683-8320
or
In UK, Conduit PR
Leesa Peters
Mob: + 44 (0)7812 159 885
or
In UK, Conduit PR
Laurence Read
Mob: + 44 (0)7979 955 923
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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