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TVC Three Valley Copper Corp

0.025
0.00 (0.00%)
23 May 2024 - Closed
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Share Name Share Symbol Market Type
Three Valley Copper Corp TSXV:TVC TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.025 0.03 0 01:00:00

Tournigan Provides Update on Kuriskova Uranium Deposit in Slovakia

19/01/2009 1:00pm

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Tournigan Energy Ltd. (TSX-V: TVC) (FRANKFURT: TGP) 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-       From   To     Length   %eU308
             Section   (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 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.

Distributed by Filing Services Canada and retransmitted by Marketwire

For further information please contact: Knox Henderson Tournigan Energy Investor Relations (604) 637-3563 www.tournigan.com Tournigan Energy Ltd. 1200 - 570 Granville Street, Vancouver BC Canada V6C 3P1 Tel: (604) 683 8320 Fax: (604) 683 8340 Email: Email Contact

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