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Tournigan Energy Limited

Publié le 19 janvier 2009

Provides Update on Kuriskova Uranium Deposit in Slovakia

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Mots clés associés :   Euro | Europe | Knox | Uranium |

Re:        News Release - Monday, January 19, 2009
Title:     Tournigan Provides Update on Kuriskova Uranium Deposit in Slovakia

Vancouver, January 19, 2009 -- Tournigan Energy Ltd. (TVC:TSX-V; TGP:Frankfurt) today provides an update as the company continues to advance its flagship Kuriskova uranium deposit in Slovakia. In December 2008, Tournigan contracted with SRK Consulting (U.S.) Inc. to initiate an updated NI 43-101 resource study based on new drilling data for completion in the first quarter of 2009. An NI 43-101 compliant Preliminary Assessment and metallurgical test work on the deposit will also be started by Tournigan during the first quarter of 2009 and are expected to be completed in the second quarter of 2009.

On July 16, 2008, Tournigan announced an NI 43-101 compliant resource estimate for Kuriskova that was prepared by SRK. The estimate includes an indicated resource of 6.6 million pounds of U3O8 contained in 685,000 tonnes grading 0.435% U3O8 and an inferred resource of 30.1 million pounds of U3O8 contained in 4.56 million tonnes grading 0.299% U3O8, using a cut-off of 0.05% U. Since that time, 9,267 metres of drilling has been completed in a total of 23 holes (see table below).

Downhole radiometric logging from ten of these holes were previously disclosed in news releases issued on October 7, 2008 (two holes*) and September 10, 2008 (eight holes**). Chemical assays in the table below have replaced results from downhole radiometric logging on earlier holes.

Most of the holes reported are infill holes that targeted upgrading inferred resources to the indicated classification. The results are as follows:

Kuriskova Uranium Deposit, Slovakia

Hole

Inter-
section

From

To

Length

%eU308

(metres)

(metres)

(metres)

LH-K-10A*

I

272.1

274.4

2.3

0.331

 

II

275.9

278.2

2.3

0.458

 

including

276.2

276.8

0.6

1.109

 

including

376.6

377.3

0.7

1.065

LH-K-11A

I

522.3

523.1

0.8

0.097

 

II

525.5

529.5

4

0.075

LH-K-11B

I

493.2

494.9

1.7

0.102

LH-K-12A*

I

294.2

296.9

2.7

0.577

 

including

296.2

296.8

0.5

1.132

LH-K-13A

I

268.9

269.9

1

0.116

 

II

274.1

275.1

1

0.485

 

III

277.4

278.6

1.2

0.247

LH-K-14A

I

285.6

286.7

1.1

0.600

 

II

288.5

288.8

0.3

0.073

 

III

291.2

291.9

0.7

0.896

LH-K-15A

I

349.2

349.8

0.6

0.614

LH-K-15B

I

367.2

367.4

0.2

0.038

LH-K-16A

I

413.1

413.4

0.3

0.151

 

II

418.3

420

1.7

0.077

 

III

424.5

425.6

1.1

0.130

LH-K-17A

I

334.1

335.8

1.7

0.081

LH-K-18A

I

420.7

421.9

1.2

0.708

 

including

421.3

421.9

0.6

1.168

LH-K-19A

I

327

327.6

0.6

0.098

 

II

359.9

361.7

1.8

0.133

LH-K-20A

I

298.3

299.2

0.9

0.120

 

II

304.8

305.3

0.5

0.058

 

III

308.9

319.1

10.2

0.842

 

including

309.1

311.4

2.3

1.262

 

including

312.1

313.3

1.2

1.170

 

including

316.6

318

1.4

1.275

LH-K-5A**

I

464

483.5

19.5

0.047

LH-K-6A**

I

449.5

458

8.5

0.130

LH-K-8A**

I

353.5

364

10.5

0.120

LH-K-8B**

I

364.35

366.6

2.25

1.842

 

including

365.45

366.1

0.65

5.881

LH-K-9A**

I

436.2

440.7

4.5

0.238

 

including

437

437.5

0.5

1.504

LH-K-9B**

I

343.2

346.4

3.2

0.077

LH-K-9C**

I

376.5

378.2

1.7

0.549

 

including

376.6

377.3

0.7

1.065

KG-J-29B**

I

713.7

721.5

7.8

0.087

LH-K-7A

Lost hole due to technical difficulties

LH-K-7B

Lost hole due to technical difficulties


* Radiometric logging previously disclosed October 7, 2008
** Radiometric logging previously disclosed September 10, now reported as chemical assays

A longitudinal projection showing drill hole locations and interval grades is available from Appendix A or can be viewed from this link: http://www.tournigan.com/i/pdf/KuriskovaVLP.pdf.

Ravi Sharma, MAusIMM, Tournigan's manager of 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 Energy is a uranium and gold exploration and development company that has built a portfolio of highly prospective assets in Europe. The company has focused its development and obtained licences in Slovakia, a member of the European Union since 2004. Slovakia is economically and politically stable, has excellent infrastructure, an educated population and, as of January 1, 2009, has adopted the Euro currency. Tournigan Energy is committed to safe and sustainable exploration and mine development in Slovakia and its other operational jurisdictions.

On behalf of the Board of Directors of

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.

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

For further information please contact: Knox Henderson, Tournigan Energy Investor Relations, at (604) 637-3563, 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 ..

<

Tournigan Energy Limited

EXPLORATEUR
CODE : TVC.V
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 8,3 millions CA$ (6,7 millions US$, 5,8 millions €).

La valeur de son action a atteint son plus bas niveau récent le 31 décembre 2001 à 0,03 CA$, et son plus haut niveau récent le 31 décembre 2007 à 4,50 CA$.

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

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