Tournigan Energy Limited

Published : November 09th, 2009

Drills More High Grade Uranium at Kuriskova

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Keywords :   European Union | Knox | Slovakia | Spain | Uranium |

Re:        News Releases - Monday, November 09, 2009
Title:     Tournigan Drills More High Grade Uranium at Kuriskova

Vancouver, November 9, 2009 -- Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the results from the first seven drill holes of its ongoing infill and step out drilling program at the Kuriskova uranium deposit in Slovakia. "We are encouraged by these high grade drill intercepts and by the potential to upgrade the overall size and grade of the Kuriskova deposit," said Dorian L. (Dusty) Nicol, Tournigan's President and CEO. "The positive results from these drill holes validate the decision to continue advancing the project through a prefeasibility study."

The recently completed seven holes include six infill holes and one step out hole. The infill holes demonstrate the continuity of high grade uranium mineralization in the northern part of the deposit. The step out hole, LE-K-24, drilled outside the present Inferred Resource, demonstrates continuity and extension of the high grade main zone toward the northeast.

Uranium grades presented in this news release are reported as equivalent uranium oxide (eU3O8 %) based on downhole radiometric logging. Highlights of the recent drilling results include:

DRILL HOLE

FROM (m) 

TO (m) 

LENGTH (m)

eU3O8%

LE-K-21

266.00

270.80

4.80

0.709

                including

268.60

270.60

2.00

1.534

 

283.40

284.60

1.20

0.501

LE-K-24

268.30

270.10

1.80

0.625

                including

269.40

270.00

0.60

1.691

LE-K-25

215.90

223.10

7.20

0.570

                including

218.10

219.20

1.10

1.702

 

228.90

229.90

1.0

0.613

 

231.30

232.20

0.90

0.900

 

240.90

246.90

6.0

0.518

                including

241.60

242.60

1.00

1.989

 

264.10

265.30

1.20

0.471

LE-K-26

273.80

277.50

3.70

0.421

                including

275.90

276.20

0.30

0.886

                including

276.90

277.20

0.30

1.196

LE-K-27

231.50

232.20

0.70

1.325

 

259.70

261.70

2.00

0.761

                including

260.90

261.50

0.60

1.696

 

264.70

266.70

2.00

0.644

                including

265.60

266.70

1.10

1.024



These seven holes are expected to upgrade the resource in the northern part of the deposit by moving more pounds of uranium into the Indicated Resource category at higher grade than the current Inferred Resource. In addition, they will likely add to the resource in the northeastern part of the deposit. The mineralization remains open to the north and further stepout drilling will continue to test for extensions to this high-grade mineralization.

On September 19, 2009, Tournigan began the current drilling program with the objective of expanding and upgrading the Kuriskova uranium resource. The seven holes completed to date total 2,097 metres of an initial 5,000 metre drilling program. The results of this initial program will help define and plan subsequent drilling to be done in 2009 and early 2010. The complete program will total approximately 15,000 metres.

Complete significant results from the downhole radiometric logging of the seven holes are presented in Appendix A, which can be viewed from this link: http://www.tournigan.com/i/pdf/KurlDrillResults.pdf.. A plan showing drill hole locations projected onto the Indicated and Inferred Resource zones can be viewed from this link: http://www.tournigan.com/i/pdf/KurlPlanView.pdf.

"The results from our recent infill drilling continue to demonstrate the continuity and robust nature of the high grade main zone of the Kuriskova deposit," said Mr. Nicol. "As we progress with the prefeasibility study, upgrading resources into the Indicated category at higher grade should have a significant positive impact on project economics. The recent drilling also indicates the presence of high grade mineralization in the hanging wall zone. Our current model of this zone of the deposit is based on 2007 drilling. We believe there is potential to upgrade both the size and grade of the hanging wall zone and we will be updating our model of this zone based on 2008 and 2009 drilling."

The uranium grades presented above are reported as equivalent uranium oxide (eU3O8 %) as determined by downhole radiometric logging. The logging was performed by Koral, s.r.o. of Slovakia. Quality control and quality assurance is provided by Ravi Sharma, Tournigan's Manager, Resources and Reserves. Drill core samples are being submitted to ALS Chemex in Seville, Spain for chemical assay; assay results are expected by mid-December. Tournigan has experienced very good correlation between downhole radiometric readings and chemical assays. At these higher grades, chemical assays are expected to be equal to or higher than the radiometric eU3O8 % equivalents that are reported. Drill intercept thicknesses are reported as drilled; true thicknesses have not yet been calculated.

Ravi Sharma, MAusIMM, Tournigan's Manager, Resources and Reserves, 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 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.

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 Company'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 Company 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information please contact: Knox Henderson, Tournigan Energy Investor Relations, at (604) 683-8320, or visit www.tournigan.com.

Copyright � 2009 TOURNIGAN ENERGY LTD. (TSXV-TVC) All rights reserved. For more information visit our website at http://www.tournigan.com/ or send email to info@tournigan.com ..
Message sent on Mon Nov 9, 2009 at 4:39:57 AM Pacific Time
Data and Statistics for these countries : Slovakia | Spain | All
Gold and Silver Prices for these countries : Slovakia | Spain | All

Tournigan Energy Limited

EXPLORATION STAGE
CODE : TVC.V
ISIN : CA8915651035
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Tournigan Energy Ltd. is a gold and silver exploration company based in Canada.

Tournigan Energy Ltd. holds various exploration projects in Slovakia.

Its main exploration properties are NOVOVESKA HUTA and KURISKOVA in Slovakia and CURRAGHINALT in Ireland.

Tournigan Energy Ltd. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 8.3 millions as of today (US$ 6.7 millions, € 5.8 millions).

Its stock quote reached its lowest recent point on December 31, 2001 at CA$ 0.03, and its highest recent level on December 31, 2007 at CA$ 4.50.

Tournigan Energy Ltd. has 208 018 000 shares outstanding.

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2008 Annual Report
2007 Annual Report
Financings of Tournigan Energy Limited
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7/14/2010Closes Private Placement
6/29/2010Plans Private Placement
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1/30/2009Cuts Costs, Opens Denver Office, Appoints CFO, Corporate Sec...
11/3/2008Appoints VP Engineering / Environmental and VP Exploration
8/8/2007Appoints New Chairman
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3/1/2012To Open March 1, 2012 As European Uranium Resources Ltd.
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4/26/2011(Kuriskova)Increases Indicated Resource at Kuriskova by 39% to 28.5 Mil...
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8/3/2010(Kuriskova)Metallurgical Testing For Prefeasibility Study Indicates Ura...
3/24/2010(Kuriskova)Increases Indicated Resource, Adds High Grade, at Kuriskova ...
11/23/2009(Kuriskova)Discovers New Zone of High Grade Mineralization at Kuriskova
11/9/2009(Kuriskova)Drills More High Grade Uranium at Kuriskova
11/3/2009(Kuriskova)Initial Metallurgical Testing at Tournigan's Kuriskova Proje...
10/19/2009(Kuriskova)Awards Prefeasibility Study of Kuriskova Uranium Deposit
10/1/2009(Kuriskova)Resumes Drilling at Kuriskova Uranium Deposit
9/30/2009(Curraghinalt)Sells Curraghinalt Gold Project
7/27/2009Files Technical Report
6/26/2009(Kuriskova)Positive Preliminary Assessment for Tournigan's Kuriskova Ur...
6/8/2009(Kremnica Mine)Signs Option Agreement on Kremnica Gold Property
2/24/2009(Kuriskova)Doubles Contained Uranium and Increases Grade of Indicated R...
1/19/2009(Kuriskova)Provides Update on Kuriskova Uranium Deposit in Slovakia
9/10/2008(Kuriskova)Adds Uranium Mineralization at Kuriskova and Novoveska Huta
8/29/2008(Kuriskova)Files Kuriskova Technical Report
7/16/2008(Kuriskova)Upgrades Portion of Kuriskova Resource to Indicated Category...
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4/8/2008(Kuriskova)Reports High Grade Chemical Assay Results at Kuriskova
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Corporate news of Tournigan Energy Limited
3/13/2012(Kuriskova)European Uranium Files Technical Report For Kuriskova Prelim...
3/1/20122012 Outlook
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1/30/2012(Kuriskova)Prefeasibility Study Indicates Kuriskova Could be Among Worl...
12/28/2011News Release
12/7/2011Forges Alliance With Areva, Acquires Scandinavian Uranium As...
8/23/2011(Kuriskova)Geotechnical Drilling Hits Uranium Mineralization at Much Hi...
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4/8/2011Elects New Board Member
7/20/2010Mobilizes Zone 45 Drill Program
4/30/2010files Voluntary U.S. Deregistration
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1/14/2010Cuts 4.5 Metres of 0.977 Percent eU3O8 at Kuriskova
1/5/2010Sale of Irish Property Brings Year-End Cash Up to $5.6 Milli...
12/10/2009Members of Parliament Did Not Agree with Uranium Mining Ban
11/2/2009Closes $5.5 Million Dalradian Sale
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12/23/2008Finalizes Dalradian Gold Agreement in Northern Ireland
10/2/2008Arranges Sale of Non-Core Assets in Northern Ireland and the...
9/4/2008A Letter to Shareholders from Dorian L. (Dusty) Nicol, Presi...
7/9/2008Information Now Available Through S&P Market Access Program
5/15/2008Provides Clarification
5/5/2008Name Change to Tournigan Energy Ltd. Focus on Kuriskova Uran...
3/19/2008's Uranium Targets Continue to Expand
3/4/2008 Completes Acquisition of US Uranium Interests
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1/15/2008Hits Uranium in Wyoming
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10/12/2007Tournigan U.S. Uranium Acquisition Agreement and Reorganizat...
7/19/2007 Project Updates
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4/19/20072007 Operational Update - Uranium Properties
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