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Tournigan Adds Claims in Wyoming
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Tournigan Gold Corporation (TVC:TSX.v; TGP:Frankfurt) is pleased to
report that it has substantially increased its land position at its
Cyclone Rim Property in Wyoming, U.S.A. An additional 797 claims have
been added along the projected strike direction of the uranium roll
front (1) mineralization at Cyclone Rim (see attached claim map).
Tournigan's Cyclone Rim Property now covers 23 miles of possible
uranium mineralization on the western half of the Great Divide Basin.
The Company believes that it is the largest landholder on the west side
of the Great Divide Basin. In-fill drilling of historic mineralization,
as well as step out exploration drilling, is slated for the second
quarter of 2007.
An area of shallow oxidized mineralization has been outlined by
historic drilling at the Cyclone Rim Property. This summer's program of
confirmation and in-fill drilling is expected to result in a resource
estimate compliant with C.I.M. standards. In conjunction with the
in-fill drill program, Tournigan will explore the 23 mile strike length
of potential uranium mineralization with widely spaced drill holes.
Tournigan's Cyclone Rim Property is as close as 8 miles west of the
Sweetwater uranium processing mill.
The Wyoming Uranium Province has produced approximately 190 million
pounds of uranium since the late 1950's. Tournigan has claim blocks in
Wyoming located in three prospective uranium bearing basins: the Great
Divide Basin; the Shirley Basin; and Green River Basin.
At least five uranium mines operated in the Great Divide Basin during
the late 1970's. Several large exploration programs conducted there
during this period resulted in the discovery of more than 100 million
pounds of uranium. Tournigan maintains three properties that encompass
areas where Newmont Mining Corporation, Teton Exploration, and Rocky
Mountain Energy conducted close spaced drilling.
Roll Front (1) Description
Sandstone uranium deposits are formed in aquifers. Groundwater bearing
uranium flows through these aquifers carrying dissolved uranium and
other metals such as molybdenum, vanadium, selenium, and arsenic. These
metals precipitate out of the ground water when the ground water flow
crosses an oxidation/reduction interface in the sandstone. This forms a
crescent-shaped uranium deposit known as a roll front (see schematic
diagram of generalized uranium roll front deposit).
In June 2005, Tournigan entered into an option agreement with
Sweetwater River Resources to acquire up to 100% of a portfolio of
Uranium properties in the western US which includes claims in the
Shirley Basin, Great Divide Basin and Green River Basin of Wyoming,
claims in the Edgemont District of South Dakota and claims in the
Arizona Strip uranium district in Arizona.
Tournigan also announces the grant of 400,000 stock options to a
director of the Company. The exercise price of the options is the
closing price of the Company's stock on March 29, 2007 and the expiry
date will be March 29, 2012.
Tournigan has built a portfolio of highly prospective uranium and gold
properties in both Europe and North America. The Company intends to
develop its best prospects. Tournigan has focused its efforts in
countries that are economically and politically stable, have good
infrastructure and a well educated population.
On behalf of the Board of Directors of
TOURNIGAN GOLD CORPORATION
"James Walchuck"
James Walchuck, President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute forward-looking
statements. Forward-looking statements are based on numerous
assumptions and are subject to all of the risks and uncertainties
inherent in the Company's business, including risks inherent in mineral
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking statements.
Contact Patrick Soares, Vice President, Investor Relations at +1 (604)
683-8320, or visit www.tournigan.com
Click below to view a map attached to this News Release:
http://www.tournigan.com/i/maps/TVCWyoming200706d_big.jpg
Click below to view a model attached to this News Release:
http://www.tournigan.com/i/maps/RollFrontModel200706b_big.jpg
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Copyright (c) 2007 TOURNIGAN GOLD CORPORATION (TSXV-TVC) All rights
reserved. For more information visit our website at
http://www.tournigan.com/ or send mailto:info@tournigan.com
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