Business
Tournigan Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade Than Expected at Kuriskova
Tournigan Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade Than Expected a...
About this update from Azarga Metals Corp.
[{"type":"text","content":"\nTournigan Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade Than Expected at Kuriskova\n\nTournigan Geotechnical Drilling Hits Uranium Mineralization at Much Higher Grade Than Expected at Kuriskova\nVancouver, British Columbia CANADA, August 23, 2011 /FSC/ - Tournigan Energy Ltd. (TVC - TSX Venture, TGP - FWB), announced today the results of downhole radiometric logging of a geotechnical drill hole in the central part of the high grade Kuriskova Uranium deposit in Slovakia.  This hole was drilled to collect geotechnical information as part of the ongoing prefeasibility study being performed by Tetra Tech, Inc. which is expected to be completed before the end of this year.\nHighlights of the results from this drill hole (LE-K-70-G) are:\n* An intercept of 3.0 metres (393.2m to 396.2 m) at 0.239 % eU3O8, including 0.6 metres at 0.765% eU3O8; \n* An additional intercept of 1.2 metres (397.5 m to 398.7m) at 1.168 % eU3O8 including 0.6 meters at 2.038 % eU3O8; and\n* This hole was drilled into a zone of the deposit with a modeled grade of 0.056% U3O8 and thus intersected considerably higher than expected grade in this part of the deposit.\nAs planned, Drill Hole LE-K-70-G intersected the central portion of the Indicated Resource which comprises Kuriskova's Main Zone North at a depth of about 390 metres.  Based on the most recent Kuriskova resource estimate (April 2011), the modeled grade in this part of the Kuriskova deposit was 0.056% U3O8. This new drill intersection thus represents a significant improvement over expected grade in this part of the deposit. The April 2011 resource estimate by Tetra Tech comprises an Indicated Resource of 28.5 million pounds U3O8 grading 0.555% U3O8 contained in 2.3 million tonnes and an additional Inferred Resource of 12.7 million pounds U3O8 grading 0.185% U3O8 contained in 3.1 million tonnes, at a cut-off of 0.05%U (see news release dated April 26, 2011). \nA complete tabulation of significant intersections from this hole is presented in Appendix A which can be viewed from this web link: http://www.tournigan.com/i/pdf/20110823-Appendix-A.pdf. The drill hole location can be viewed from this web link: http://www.tournigan.com/i/pdf/20110823-Appendix-B.pdf.\nUranium grades presented in this news release are reported as equivalent uranium oxide (eU3O8 %) base...