Tournigan Energy Limited

Published : July 27th, 2009

Files Technical Report

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      Tournigan Files Technical Report

Vancouver, July 27, 2009---Tournigan Energy Ltd. (TVC: TSX-V; TGP:
Frankfurt) has posted on SEDAR the 43-101 Preliminary Assessment
(Scoping Study) prepared by its independent third party consultant,
Pincock, Allen and Holt (PAH) of Lakewood, Colorado, on its Kuriskova
uranium deposit in Slovakia. Results of this Preliminary Assessment
were first reported in a News Release dated June 25, 2009. Since then,
PAH has completed the Preliminary Assessment, resulting in some minor
changes to project parameters, as summarized in the following table:

                                               REPORT     (JUNE 25, 2009)
Mine Life                       Years              15           15
Uranium Production           000 lbs U3O8/Year   2,395       Not reported
  (Average First 5 Years)
Uranium Production           000 lbs U3O8/Year   1,382       1,382
  (Average Life of Mine)
Uranium Recovery                  %                90           90
Uranium Price                US$/lb U3O8         65.00       65.00
Initial Capital              US$ millions         168          156
  Investments (1)
Operating Cost -             US$/lb U3O8           17           17
  First 5 Years (2)
Operating Cost               US$/lb U3O8           32           31
  (Average Life of Mine)(2)
Estimated Royalty Payment    US$/lb U3O8            3            4
  (Average Life of Mine)
Net Present Value @ 12% (3)  US$ millions         135          117
Payback Period                 Years              5.6          5.3
Internal Rate of Return (3)       %              35.8         32.8
(1) Includes 30% contingency.
(2) Pre-royalty; includes 5% contingency and molybdenum credit at
    $12.50/lb Mo.
(3) Pre-tax.

The principal factor driving these changes has been a modification to
the proposed metallurgical flow sheet to autoclave alkaline leaching.
The metallurgical test work is ongoing. Preliminary information
obtained to date indicates that a conventional autoclave alkaline leach
producing uranium oxide and molybdenum concentrate products will be
preferable in terms of project economics to the flotation and leach
process initially planned and reported in the June 25 News Release.
Process flow sheet is subject to change and optimization as further
test work is completed. Other changes to project parameters were driven
by optimization and refining of capital and operating cost estimates.

Project Upside

Tournigan Energy believes that the Kuriskova property has excellent
upside potential for expanding the size and overall grade of the
deposit through continuing exploration.   

Of significance is the zone of high-grade uranium mineralization which
remains open to the north and east of the currently-defined Indicated
Resource.  Drilling near the edge of the zone encountered high-grade
uranium mineralization: for example, Drill Hole LH-K-12A, which
intersected 2.35 meters of 1.38% U3O8; Drill Hole LH-K-10A, which
intersected <bu>6.5 meters of 2.16% U3O; and <bu>Drill Hole 14A which
intersected 6 meters of 0.79% U3O8, including 0.7 meters of 6.18% U3O8
and 0.4 meters of 0.93% U3O8 (see the NI 43-101 Kuriskova Resource
Update, April 2009, by SRK Consultants for more information on these
drill intercepts, including locations).  Step-out drilling in this area
will be a priority during the next phase of drilling.

In addition to targets immediately adjacent to the defined resource,
recently completed ground radiometric and radon gas-in-soil surveys
indicate the presence of anomalies extending up to 300 meters northwest
and 200 meters southeast of the currently defined resource.  Further
interpretation of these new survey results may lead to identification
of drill targets with potential to increase the size of the Kuriskova
deposit or indicate the presence of satellite deposits.

The Preliminary Assessment projects a nominal mining rate of 750-800
tonnes of mineralized material per day using the underhand cut and fill
mining method with paste backfill.  As further geotechnical and
hydrogeological data for the project area are obtained, it may be
possible to modify the mining method and increase the daily production
rate and lower mining operating costs.  Exploration success may add to
the size and overall grade of the deposit which could also contribute
to a higher production rate and lower unit mining costs.

Other areas of upside for the project include: (1) reducing the
project's preproduction period and possibly construction capital cost,
and (2) optimizing the process plant flowsheet and associated operating

Qualified Person

The Preliminary Assessment was prepared by an engineering team from
Pincock, Allen & Holt (part of Runge Limited) of Lakewood, Colorado.
Authors included Mr. Terry Laverty, a registered professional engineer,
Mr. Tom Noyes, a registered professional engineer, and Mr. Ray Hyyppa,
a registered professional engineer.  Mr. Terry Laverty, the Independent
Qualified Person under the standards of NI 43-101, was PAH's Project
Manager.  Dorian L. (Dusty) Nicol, President and CEO of Tournigan
Energy Ltd., Qualified Person, has verified the technical contents of
this release.

Energy Policy of Slovakia

On October 15, 2008, the Slovakian government approved a Strategy of
Energy Security for the Slovak Republic.  This strategy emphasizes the
continued use of nuclear generated power as part of the country's
energy mix and states:

"Legislative and economic support of efficient and rational use of
domestic sources of uranium ores has the potential to decrease the
country's considerable dependency on supplies of energy resources."

In 2007, approximately 55% of Slovakia's power production of 14,200
million kilowatt-hours was produced from nuclear power plants with a
total capacity of 1,685 MW from four operating reactors.  Slovakia is
the world's third highest per capita consumer of nuclear generated
power after France and Lithuania (World Nuclear Association, 2009).
Slovakia's current uranium consumption is 313 tonnes per year.   This
does not include any future uranium requirements for reactors under
construction or being proposed.

About Tournigan

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, as of January 1,
2009, has adopted the Euro currency. Tournigan is committed to safe and
sustainable exploration and mine development in Slovakia.  In addition
to Kuriskova, Tournigan has five other exploration targets along the
Slovakian uranium belt which are showing positive exploration results.

* NOTE: Mineral resources that are not mineral reserves do not have
demonstrated economic viability. This Preliminary Assessment is
preliminary in nature and includes the use of Inferred Resources which
do not have demonstrated economic viability and are considered too
speculative geologically to have economic considerations applied to
them that would enable them to be categorized as mineral reserves.
There is no certainty that the Preliminary Assessment will be realized.


"Dusty Nicol"
Dorian L. (Dusty) Nicol, President and CEO

Forward-looking statements: Certain of the statements made in this
release, 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
Company'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

This press release uses the terms "indicated resources" and "inferred
resources", which are calculated in accordance with the Canadian
National Instrument 43-101 and the Canadian Institute of Mining and
Metallurgy Classification system. We advise investors that while those
terms are recognized and required by Canadian regulations, the U.S.
Securities and Exchange Commission does not recognize them. U.S.
investors are cautioned not to assume that any part or all of mineral
deposits in these categories will ever be converted into reserves. In
addition, "Inferred resources" have a great amount of uncertainty as to
their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an Inferred
Mineral Resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Mineral Resources may not form
the basis of feasibility or pre-feasibility studies, except in rare
cases. U.S. investors are cautioned not to assume that part or all of
an inferred resource exists, or is economically or legally minable. 

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

Copyright (c) 2009 TOURNIGAN ENERGY LTD. (TSXV-TVC)  All rights
reserved.  For more information visit our website at or send
Data and Statistics for these countries : France | Slovakia | All
Gold and Silver Prices for these countries : France | Slovakia | All

Tournigan Energy Limited

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$ 5.2 millions as of today (US$ 4.2 millions, € 3.6 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.50, and its lowest recent point on February 17, 2023 at CA$ 0.02.

Tournigan Energy Ltd. has 208 018 000 shares outstanding.

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Annual reports of Tournigan Energy Limited
2008 Annual Report
2007 Annual Report
Financings of Tournigan Energy Limited
1/5/2012Closes Private Placement With Areva, And Welcomes Andreas M...
7/14/2010Closes Private Placement
6/29/2010Plans Private Placement
Nominations of Tournigan Energy Limited
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
Project news of Tournigan Energy Limited
3/1/2012To Open March 1, 2012 As European Uranium Resources Ltd.
2/22/2012Takes Final Steps To Become European Uranium Resources Ltd.
11/30/2011(Novoveska Huta)Files Technical Report For Novoveska Huta Resource
4/26/2011(Kuriskova)Increases Indicated Resource at Kuriskova by 39% to 28.5 Mil...
3/7/2011(Kuriskova)Continues to Improve Grade in Kuriskova's Main Zone South
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...
4/23/2008(Kuriskova) Continues Reporting High Grade Uranium Assays at Kuriskova,...
4/8/2008(Kuriskova)Reports High Grade Chemical Assay Results at Kuriskova
2/28/2008(Curraghinalt)Confirms High-Grade Gold Veins at Curraghinalt with Addition...
2/21/2008(Kuriskova)Kuriskova Infill Drilling Returns More High Grade Uranium
12/5/2007(Curraghinalt) Announces Significant Increase in Curraghinalt Gold Resourc...
Corporate news of Tournigan Energy Limited
3/13/2012(Kuriskova)European Uranium Files Technical Report For Kuriskova Prelim...
3/1/20122012 Outlook
2/2/2012in Northern Miner
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...
8/9/2011(Kuriskova)s Progress on Prefeasibility Study for Kuriskova
4/8/2011Elects New Board Member
7/20/2010Mobilizes Zone 45 Drill Program
4/30/2010files Voluntary U.S. Deregistration
4/15/2010completes sale of Kremnica to Ortac
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
3/2/2009Completes Sale of U.S. Uranium Properties
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
2/8/2008Extends Uranium Roll-front in Wyoming
1/31/2008Adopts Shareholder Rights Plan
1/15/2008Hits Uranium in Wyoming
10/24/2007 Announces Exploration Property Resource Changes, Restatemen...
10/12/2007Tournigan U.S. Uranium Acquisition Agreement and Reorganizat...
7/19/2007 Project Updates
5/29/2007Receives Positive Pre-feasibility on Kremnica Gold
5/28/2007Seeks to Unlock Shareholder Value by Separating
5/7/2007Tournigan's Resource at Kuriskova (Jahodna) Almost Triples t...
4/19/20072007 Operational Update - Uranium Properties
3/29/2007Adds Claims in Wyoming
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