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Tournigan Adds 3.75 Million Pounds of Measured and Indicated U3O8 and 12.74 Million Pounds of Inferred U3O8 to Mineral Inventory
Tournigan Adds 3.75 Million Pounds of Measured and Indicated U3O8 and 12.74 Million Pounds of In...
About this update from Azarga Metals Corp.
[{"type":"text","content":"\nTournigan Adds 3.75 Million Pounds of Measured and Indicated U3O8 and 12.74 Million Pounds of Inferred U3O8 to Mineral Inventory\n\nTournigan Adds 3.75 Million Pounds of Measured and Indicated U3O8 and 12.74 Million Pounds of Inferred U3O8 to Mineral Inventory\nVancouver, British Columbia CANADA, October 17, 2011 /FSC/ - Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt)announces a resource estimate for its Novoveska Huta uranium project in Slovakia. This is the first NI 43-101 compliant resource estimate that has been prepared for this deposit; the estimate has been reviewed, audited and approved by Tetra Tech, Inc.  The results of the resource estimate at a cutoff grade of 0.06% U are:\n* 3.75 million pounds of U3O8 in Measured and Indicated Resources of 1.662 million tonnes grading 0.102% U3O8; and an additional\n* 12.738 million pounds of U3O8 in Inferred Resources of 4.689 million tonnes grading 0.123% U3O8.\nThis resource adds to Tournigan's 43-101 compliant uranium inventory.  The Novoveska Huta uranium deposit is located near the town of Spisska Nova Ves, about 50 kilometres northwest of Tournigan's high-grade Kuriskova uranium deposit.  At Kuriskova, the most recent resource estimate (see news release dated April 26, 2011) comprises an Indicated Resource of 28.5 million pounds U3O8 at a grade of 0.555% U3O8 contained in 2.3 million tonnes and an additional Inferred Resource of 12.7 million pounds U3O8 at a grade of 0.185% U3O8 contained in 3.1 million tonnes, both estimates at a cutoff of 0.05% U.  The Kuriskova Prefeasibility Study, being prepared by Tetra Tech, Inc. continues to progress on schedule, with completion expected by early in 2012.\n\"We are excited to add these pounds of uranium to our 43-101 compliant resource inventory so close to Tournigan's flagship Kuriskova project,\" said Dorian L. (Dusty) Nicol, Tournigan's President and CEO.  \"We look forward to growing and advancing both properties.\"\nTournigan's objective at Novoveska Huta was to verify historic data, which was collected during Slovakia's communist period, and to find additional resources.  The western part of the deposit (currently comprising the Measured and Indicated Resource) was known before Tournigan acquired the property, but the data base had not been verified and undergroun...