Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Tournigan Energy Limited

Publié le 08 juin 2009

Signs Option Agreement on Kremnica Gold Property

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Euro | Knox | Uranium |

Re:        News Releases - Monday, June 08, 2009
Title:     Tournigan Signs Option Agreement on Kremnica Gold Property

Vancouver, June 8, 2009 -- Tournigan Energy Ltd. (TVC:TSX-V; TGP:Frankfurt) is pleased to announce that it has signed a definitive option agreement with Ortac Resources plc of London, England, whereby Ortac may acquire in four stages up to a 100% interest in Tournigan's Kremnica Gold project in Slovakia, a non-core asset of Tournigan. Tournigan's focus is now solely on the development of its prospective uranium properties in Slovakia, notably the Kuriskova uranium project.

Strategic Benefits of the Option Agreement

The option agreement allows Tournigan to allocate its financial and management resources entirely on developing its core uranium properties in Slovakia.

  • The overhead savings from divesting of the operatorship of the Kremnica Gold project are estimated at approximately Cdn $40,000 per month.

  • Management can more aggressively pursue its primary objective of developing the company's flagship Kuriskova uranium project through the pre-feasibility and feasibility stages.

  • Tournigan is now effectively a uranium pure-play company.

  • The option agreement structure will allow Tournigan shareholders to continue to participate in the upside of potential future production at Kremnica while committing minimal financial or management resources.
Option Agreement Summary

The option agreement grants Ortac the sole and exclusive right and option to acquire in four stages up to an undivided 100% right, title and interest in and to the Kremnica Gold project (20% in the first stage, 10% in the second stage, 30% in the third stage and 40% in the fourth stage). The earn-in terms for the four option stages are as follows:

  • First Option Stage: Ortac may acquire a 20% interest by completing at its sole cost an NI 43-101 compliant resource estimate and preliminary assessment on or before June 1, 2011.

  • Second Option Stage: Upon completion of the First Option Stage, Ortac may acquire an additional 10% interest by delivering an extension notice and payment of US$500,000, payable in cash or publicly traded shares of Ortac, to Tournigan.

  • Third Option Stage: Upon completion of the Second Option Stage, Ortac may acquire an additional 30% interest by completing at its sole cost an NI 43-101 bankable feasibility study on or before June 1, 2013.

  • Fourth Option Stage: Upon completion of the Third Option Stage, Ortac may acquire the remaining 40% interest in the Kremnica Gold project for the following consideration:

  • A payment to Tournigan of $15.00 per ounce of 100% of the gold equivalent (gold plus silver) resource defined as proven and probable reserve in the bankable feasibility study, payable in cash or publicly traded shares of Ortac (this payment will be net of the US$500,000 payment described in the Second Option Stage unless this stage is completed by June 1, 2011 in which case the US$500,000 will be deducted from that payment); and

  • Granting to Tournigan a 2% net smelter royalty (NSR) on gold and silver production from the Kremnica Gold project (such NSR may be reduced to 1% by paying Tournigan US$1 million in cash at any time prior to the commencement of commercial production at Kremnica. The remaining 1% NSR which Tournigan retains will be payable in respect of 1 million gold ounces equivalent, after which time it will be reduced to a 0.5% NSR in respect of a further 1 million gold ounces equivalent, after which time Tournigan's NSR will be terminated).
Following completion of the First Option Stage, Ortac and Tournigan will form a joint-venture with participating interests reflecting the earn-in at each option stage. If Ortac decides not to proceed with the next option stage, then the participating interests in the joint-venture will remain fixed at the preceding earned-in amounts.

Ortac will take over operatorship of the Kremnica Gold project during the term of the option agreement and will maintain the underlying properties and mining licenses in good standing.

Dorian L. (Dusty) Nicol, President and CEO of Tournigan, will be appointed to the Board of Directors of Ortac.

The option agreement is still subject to approval by the TSX Venture Exchange.

About Tournigan

Tournigan is a uranium exploration and development company that has built a portfolio of highly prospective assets in Slovakia. 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 and, as of January 1, 2009, has adopted the Euro currency. Tournigan is committed to safe and sustainable exploration and mine development in Slovakia.

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 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 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 Jun 8, 2009 at 5:11:20 AM Pacific Time
<

Tournigan Energy Limited

EXPLORATEUR
CODE : TVC.V
ISIN : CA8915651035
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

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.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Rapports annuels de Tournigan Energy Limited
2008 Annual Report
2007 Annual Report
Financements de Tournigan Energy Limited
05/01/2012Closes Private Placement With Areva, And Welcomes Andreas M...
14/07/2010Closes Private Placement
29/06/2010Plans Private Placement
Nominations de Tournigan Energy Limited
30/01/2009Cuts Costs, Opens Denver Office, Appoints CFO, Corporate Sec...
03/11/2008Appoints VP Engineering / Environmental and VP Exploration
08/08/2007Appoints New Chairman
Projets de Tournigan Energy Limited
01/03/2012To Open March 1, 2012 As European Uranium Resources Ltd.
22/02/2012Takes Final Steps To Become European Uranium Resources Ltd.
30/11/2011(Novoveska Huta)Files Technical Report For Novoveska Huta Resource
26/04/2011(Kuriskova)Increases Indicated Resource at Kuriskova by 39% to 28.5 Mil...
07/03/2011(Kuriskova)Continues to Improve Grade in Kuriskova's Main Zone South
03/08/2010(Kuriskova)Metallurgical Testing For Prefeasibility Study Indicates Ura...
24/03/2010(Kuriskova)Increases Indicated Resource, Adds High Grade, at Kuriskova ...
23/11/2009(Kuriskova)Discovers New Zone of High Grade Mineralization at Kuriskova
09/11/2009(Kuriskova)Drills More High Grade Uranium at Kuriskova
03/11/2009(Kuriskova)Initial Metallurgical Testing at Tournigan's Kuriskova Proje...
19/10/2009(Kuriskova)Awards Prefeasibility Study of Kuriskova Uranium Deposit
01/10/2009(Kuriskova)Resumes Drilling at Kuriskova Uranium Deposit
30/09/2009(Curraghinalt)Sells Curraghinalt Gold Project
27/07/2009Files Technical Report
26/06/2009(Kuriskova)Positive Preliminary Assessment for Tournigan's Kuriskova Ur...
08/06/2009(Kremnica Mine)Signs Option Agreement on Kremnica Gold Property
24/02/2009(Kuriskova)Doubles Contained Uranium and Increases Grade of Indicated R...
19/01/2009(Kuriskova)Provides Update on Kuriskova Uranium Deposit in Slovakia
10/09/2008(Kuriskova)Adds Uranium Mineralization at Kuriskova and Novoveska Huta
29/08/2008(Kuriskova)Files Kuriskova Technical Report
16/07/2008(Kuriskova)Upgrades Portion of Kuriskova Resource to Indicated Category...
23/04/2008(Kuriskova) Continues Reporting High Grade Uranium Assays at Kuriskova,...
08/04/2008(Kuriskova)Reports High Grade Chemical Assay Results at Kuriskova
28/02/2008(Curraghinalt)Confirms High-Grade Gold Veins at Curraghinalt with Addition...
21/02/2008(Kuriskova)Kuriskova Infill Drilling Returns More High Grade Uranium
05/12/2007(Curraghinalt) Announces Significant Increase in Curraghinalt Gold Resourc...
Communiqués de Presse de Tournigan Energy Limited
13/03/2012(Kuriskova)European Uranium Files Technical Report For Kuriskova Prelim...
01/03/20122012 Outlook
02/02/2012in Northern Miner
30/01/2012(Kuriskova)Prefeasibility Study Indicates Kuriskova Could be Among Worl...
28/12/2011News Release
07/12/2011Forges Alliance With Areva, Acquires Scandinavian Uranium As...
23/08/2011(Kuriskova)Geotechnical Drilling Hits Uranium Mineralization at Much Hi...
09/08/2011(Kuriskova)s Progress on Prefeasibility Study for Kuriskova
08/04/2011Elects New Board Member
20/07/2010Mobilizes Zone 45 Drill Program
30/04/2010files Voluntary U.S. Deregistration
15/04/2010completes sale of Kremnica to Ortac
14/01/2010Cuts 4.5 Metres of 0.977 Percent eU3O8 at Kuriskova
05/01/2010Sale of Irish Property Brings Year-End Cash Up to $5.6 Milli...
10/12/2009Members of Parliament Did Not Agree with Uranium Mining Ban
02/11/2009Closes $5.5 Million Dalradian Sale
02/03/2009Completes Sale of U.S. Uranium Properties
23/12/2008Finalizes Dalradian Gold Agreement in Northern Ireland
02/10/2008Arranges Sale of Non-Core Assets in Northern Ireland and the...
04/09/2008A Letter to Shareholders from Dorian L. (Dusty) Nicol, Presi...
09/07/2008Information Now Available Through S&P Market Access Program
15/05/2008Provides Clarification
05/05/2008Name Change to Tournigan Energy Ltd. Focus on Kuriskova Uran...
19/03/2008's Uranium Targets Continue to Expand
04/03/2008 Completes Acquisition of US Uranium Interests
08/02/2008Extends Uranium Roll-front in Wyoming
31/01/2008Adopts Shareholder Rights Plan
15/01/2008Hits Uranium in Wyoming
24/10/2007 Announces Exploration Property Resource Changes, Restatemen...
12/10/2007Tournigan U.S. Uranium Acquisition Agreement and Reorganizat...
19/07/2007 Project Updates
29/05/2007Receives Positive Pre-feasibility on Kremnica Gold
28/05/2007Seeks to Unlock Shareholder Value by Separating
07/05/2007Tournigan's Resource at Kuriskova (Jahodna) Almost Triples t...
19/04/20072007 Operational Update - Uranium Properties
29/03/2007Adds Claims in Wyoming
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (TVC.V)FRANKFURT (TGP.F)
0,030+0.00%0,070-6.67%
TSX-V
CA$ 0,030
28/06 16:24 -
0%
Cours préc. Ouverture
0,030 0,030
Bas haut
0,030 0,030
Année b/h Var. YTD
0,025 -  0,225 -83,33%
52 sem. b/h var. 52 sem.
0,025 -  0,540 -93,62%
Volume var. 1 mois
82 000 -25,00%
24hGold TrendPower© : 44
Produit
Développe
Recherche Gold - Molybdenum - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 10/12/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
20220,00%
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,58 AU$+2,71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,83 AU$-4,07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,47 US$-7,33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,53 GBX-10,32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,00 CA$+0,00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,71 CA$-1,02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+7,14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,25 AU$+4,17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,79 CA$-6,28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
59,37 US$+2,73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :