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Tournigan Energy Limited

Publié le 15 janvier 2008

Hits Uranium in Wyoming

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Mots clés associés :   Canada | Europe | Knox | Uranium |
Re: News Release - Tuesday, January 15, 2008
Tournigan Hits Uranium in Wyoming

Vancouver, January 15, 2007 - Tournigan Gold Corporation (TVC:TSX-V;
TGP: Frankfurt) has received positive results from its drilling on the
UT Claims located in the Great Divide Basin in Wyoming. Uranium
mineralization was encountered in 15 of the 49 rotary holes in its
6,692 meter first phase exploration drill programme. Highlights from
the gamma log radiometric readings include:

UT-008 with 0.076% eU308* over 3.1 metres (10 ft);
UT-020 with 0.050% eU308 over 3.4 metres (11 ft), and
UT-044 with 0.067% eU308 over 3.1 metres (10 ft).

(*eU308: radiometric equivalent of uranium content)

Detailed results are found in the table below. A map of the claims area
with drill locations can be found in Appendix A or by visiting
http://www.tournigan.com/i/pdf/2008-01-15_NRM.pdf .

"We are highly encouraged by the preliminary results from our UT
Claims," said Tournigan President, James Walchuck. "Our radiometric
readings were obtained from an area known to contain uranium
mineralization through historic drilling by Rocky Mountain Energy in
the 1970's and early 80's. Further exploration in this area is
definitely warranted."

Tournigan drilled the 49 holes on 122 metre (400 foot) centers.
Management believes the mineralized intercepts represent portions of at
least two shallow roll fronts1 which may be extractable by surface
mining or by in-situ recovery (ISR) methods. Additionally, Tournigan
drilled five core holes in order to twin holes containing the most
significant mineralization in the UT claims. Furthermore, step out
holes were also drilled along the southern continuation of the UT
mineralization, referred to as the CR trend, and are under analysis.

In late spring, Tournigan will begin a second phase drilling program
consisting of both infill and step out drill holes. The design of this
exploration program is underway utilizing the results from the first
phase of drilling.

Significant Geological Gamma Log Intercepts
Drill From To Thickness Average Grade GxT(2) GxT (3)
Hole (metres) (metres) (metres) (% e U3O8) (%metres) (%feet)
UT-001 73.8 74.7 0.91 0.047% 0.043 0.140
" 86.4 87.5 1.07 0.054% 0.058 0.190
Incl'd 87.2 87.5 0.30 0.113% 0.034 0.111
UT-002 51.7 52.3 0.61 0.032% 0.020 0.064
UT-008 59.5 62.6 3.05 0.076% 0.232 0.760
Incl'd 60.0 62.5 2.43 0.084% 0.204 0.670
UT-009 62.5 63.1 0.61 0.038% 0.023 0.076
UT-018 66.8 68.6 1.83 0.040% 0.073 0.240
Incl'd 67.2 68.4 1.22 0.056% 0.068 0.224
UT-019 65.7 68.6 2.90 0.028% 0.081 0.266
Incl'd 66.1 67.7 1.52 0.043% 0.065 0.214
Incl'd 66.3 67.2 0.90 0.059% 0.053 0.174
UT-020 63.2 66.6 3.35 0.050% 0.168 0.549
Incl'd 66.0 66.6 0.61 0.125% 0.076 0.250
Incl'd 63.9 66.6 2.74 0.058% 0.159 0.521
UT-024 74.2 75 0.76 0.025% 0.019 0.062
UT-027 51.1 51.7 0.61 0.024% 0.015 0.048
UT-031 64.2 65.1 0.91 0.029% 0.026 0.087
UT-034 84.9 86.6 1.68 0.030% 0.050 0.165
" 88.5 89.3 0.76 0.020% 0.015 0.050
UT-039 82.4 83.2 0.76 0.023% 0.017 0.057
UT-042 74.2 75.3 1.07 0.030% 0.032 0.105
UT-044 54.1 57.2 3.05 0.067% 0.204 0.670
UT-049 49.7 50.6 1.07 0.027% 0.029 0.095
(2) Grade x Thickness factor - (% eU3O8 x thickness in metres).
(3) Grade x Thickness factor - (% eU3O8 x thickness in feet).

The uranium grade referred to above is reported as equivalent uranium
(eU3O8) as determined by downhole radiometric logging equipment. This
method of determining the equivalent uranium grade is very common in
these types of deposits. Tournigan drilled an additional five
conventional core drill holes to twin five of the holes containing the
most significant results. These twin holes were drilled in order to
increase the accuracy of the disequilibrium coefficient - a
mathematical means of equating gamma log readings to % U3O8.

W. T. Cohan, P. Eng., Tournigan's consulting engineer, and the
Qualified Person as defined by National Instrument 43-101, has reviewed
and approved the technical disclosure contained herein.

Sweetwater acquisition and restated financial statements
The drill programme on the UT Claims was conducted through its option
agreement with Sweetwater River Resources LLC. Subsequent to the
release dated Oct 12, 2007, the Canada Revenue Agency ("CRA") has
notified Tournigan that the completion of Tournigan's acquisition of
Sweetwater River Resources LLC ("Sweetwater") will not prejudice
Tournigan's application for a favourable advance tax ruling in respect
of its proposed reorganization announced May 28, 2007. Tournigan and
Sweetwater have agreed to extend their acquisition agreement to
February 15, 2008.

(1) Roll Front Description

Roll front uranium deposits are formed in saturated permeable
sandstones. Groundwater flows through these host rocks carrying
dissolved uranium and other metals such as molybdenum, vanadium,
selenium, and arsenic. These metals precipitate out when the
groundwater flow crosses an oxidation/reduction interface in the
sandstone. This forms a crescent-shaped deposit known as a roll front.

About Tournigan

Tournigan has built a portfolio of highly prospective uranium and gold
properties in both Europe and North America. Tournigan is a mineral
resource company with a focus on developing its best projects.
Tournigan has obtained licenses in countries that are economically and
politically stable, have good infrastructure, and a highly educated

On behalf of the Board of Directors of


"James Walchuck"

James Walchuck, President and CEO

Forward-looking statements: Certain of the statements made herein,
including any information as to the Corporation'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. Forward-looking statements
are necessarily based on a number of estimates and assumptions that are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause
actual results to differ materially from those projected in the
forward-looking statements. Such factors include, among others: gold
and uranium price volatility; impact of any hedging activities,
including margin limits and margin calls; discrepancies between actual
and estimated production, between actual and estimated reserves and
resources and between actual and estimated metallurgical recoveries;
changes in national and local government legislation, taxation,
controls, regulations and political or economic developments in Canada,
the United States, Slovakia or other countries in which the Corporation
does or may carry on business in the future; risks of sovereign
investment; the speculative nature of gold and uranium exploration and
development, including the risks of obtaining necessary licenses and
permits; dilution; competition; loss of key employees; additional
funding requirements; and defective title to mineral claims or
property. In addition, there are risks and hazards associated with the
business of gold and uranium exploration, development and mining,
including environmental hazards, industrial accidents, unusual or
unexpected formations, pressures, cave-ins, flooding and gold bullion
losses (and the risk of inadequate insurance or inability to obtain
insurance, to cover these risks), as well as the factors described or
referred to in reports filed by the Corporation with the Canadian
securities administrators. Accordingly, readers should not place undue
reliance on forward-looking statements. The Corporation 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

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

For further information please contact:
Knox Henderson, Tournigan Investor Relations, at +(604) 637-3563, or
visit www.tournigan.com


View News Release in PDF Format:
687 KB in size, approx. 2 minutes, 9 seconds to download at 56.6Kbps

Copyright (c) 2008 TOURNIGAN GOLD CORPORATION (TSXV-TVC) All rights
reserved. For more information visit our website at
http://www.tournigan.com/ or send mailto:info@tournigan.com
Message sent on Tue Jan 15, 2008 at 11:26:50 AM Pacific Time
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Tournigan Energy Limited

ISIN : CA8915651035
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Tournigan Energy Ltd. est une société d’exploration minière d'or et d'argent basée au Canada.

Tournigan Energy Ltd. détient divers projets d'exploration en Slovaquie.

Ses principaux projets en exploration sont NOVOVESKA HUTA et KURISKOVA en Slovaquie et CURRAGHINALT en Irlande.

Tournigan Energy Ltd. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,2 millions CA$ (5,0 millions US$, 4,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,50 CA$, et son plus bas niveau récent le 28 juin 2022 à 0,03 CA$.

Tournigan Energy Ltd. possède 208 018 000 actions en circulation.

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