Tournigan Drills Highest Grades To Date
Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) has announced the results of hole LE-K-64, the first infill drill hole of the current drilling season at the Kuriskova uranium deposit in Slovakia.
Downhole radiometric reading from the hole returned 2.6 metres at 0.793% eU3O8 including 0.7 metres at 2.096% eU3O8. The hole intersected significantly higher grade compared to the current Inferred Resource model grade of 0.133% U3O8 in the area intersected by this hole.
“This bodes well for a potential increase in the grade of Main Zone South during the ongoing resource update.”
“These drill results represent the highest uranium grades drilled to date in the Main Zone South portion of the Kuriskova uranium deposit,” said Dorian L. (Dusty) Nicol, Tournigan’s President and CEO. “This bodes well for a potential increase in the grade of Main Zone South during the ongoing resource update.”
Two more holes will be drilled from the same drill pad during February to further infill this portion of the resource with the objective of upgrading it to the Indicated category at higher than the currently modeled Inferred grade.
Tournigan is continuing to drill and refine the Kuriskova resource model based on all geological and assay data. An updated resource estimate is expected in April 2011.
On January 14, 2011, Tournigan began the current drilling program with the objective to upgrade and expand the Kuriskova uranium resources. The one hole completed to date totals 481 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.
Tournigan Energy Ltd. is a uranium exploration and development company that has built a portfolio of highly prospective assets in Slovakia, a member of the European Union since 2004. Slovakia is economically and politically stable, has excellent infrastructure and currently has four nuclear reactors generating half of its electricity with two more under construction. Tournigan is committed to safe and sustainable exploration and mine development in Slovakia. In addition to Kuriskova, Tournigan has several other exploration targets along the Slovakian uranium belt which are showing positive exploration results.
Posted February 3, 2011
