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Tournigan Continues Reporting High Grade Uranium Assays at
Kuriskova, Retains SRK for Preliminary Assessment
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Vancouver, April 22, 2008 - Tournigan Gold Corporation (TVC:TSX-V; TGP:
Frankfurt) today reported results from assays taken from the remaining
11
Diamond drill holes drilled in 2007 on its Kuriskova uranium deposit
in Eastern Slovakia. The results are part of Tournigan's 10,129 metre,
30-hole 2007 infill drilling program on the deposit.
Highlights from assay results include:
Hole From To Length %U3O8
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KG-J-28B 263.8 272.0 8.2 0.553
including 268.0 271.0 3.0 1.318
KG-J-28C 248.5 254.0 5.5 0.557
KG-J-31B 412.0 414.9 2.9 0.400
KG-J-28A 335.5 338.0 2.5 0.273
Assay results from all the reported drill holes are listed in Appendix
A and on Tournigan's web site at
http://www.tournigan.com/i/misc/AppendixA.pdf. A longitudinal projection
showing the corresponding drill holes and assay results can be viewed
at http://www.tournigan.com/i/pdf/TVC-kurisk.pdf.
"Our 2007 drilling has consistently returned high grade assay results
over significant widths at Kuriskova and provides us a much clearer
picture of the deposit," said Tournigan President, James Walchuck. "The
data we now have enables us to begin work on the 2008 resource estimate
expected in July and a preliminary assessment to be completed towards
the end of the year."
Tournigan has retained SRK Consulting of Denver, CO, a world leader in
mine engineering, to prepare the preliminary assessment for the
Kuriskova deposit and to work with the company towards the feasibility
stage.
"Investors should keep in mind that our 2007 drilling has focused on
near to surface mineralization in the main zone," Walchuck added. "Our
2008 drilling will focus on the deeper, higher grade material that will
be included in an additional resource estimate targeted for mid-2009."
Tournigan anticipates the mid-2008 estimate will upgrade a portion of
the deposit to the indicated resource classification. Meanwhile, the
company's 9,000 metre 2008 infill drilling program at Kuriskova is on
target and is expected to be completed in the fourth quarter.
Tournigan employs a rigorous QAQC program for its uranium analytical
program. Core is sampled and saw split in Slovakia, where field blanks
are inserted. The entire half core sample is shipped to SGS Lakefield,
Ontario, for crushing and pulverization. Duplicates and certified
standards are inserted blindly by a third-party independent lab prior
to analysis. SGS Lakefield analyzes all samples for uranium by X-ray
fluorescence (XRF). All samples are then analyzed for 50 elements by
inductively coupled plasma (ICP) mass spectrometry with a four acid
digest. Check assays are performed on ore grade samples by an
independent lab at a minimum rate of 5%.
Joseph Ringwald P. Eng., Tournigan's VP Sustainable Development is a
Qualified Person as defined by National Instrument 43-101 and has
reviewed and approved the technical disclosure contained herein.
Shareholder Rights Plan
The Shareholder Protection Rights Plan Agreement approved at
Tournigan's annual meeting of shareholders on March 14, 2008 (the
"Plan") has been amended to correct a clerical error. The definition
of "Expiration Date" in the Plan incorrectly made reference to the Plan
expiring on the date immediately following the date of the 2008 annual
general meeting unless terminated earlier in other circumstances
provided in the Plan. The reference to the 2008 annual meeting of
shareholders has been corrected to refer to Tournigan's 2009 annual
meeting of shareholders, and the amended Plan has been filed on SEDAR.
About Tournigan
Tournigan is a mineral resource company that has built a portfolio of
highly prospective uranium and gold properties in both Europe and North
America. The company has obtained licences in countries that are
economically and politically stable, have good infrastructure and a
highly educated population.
On behalf of the Board of Directors of
TOURNIGAN GOLD CORPORATION
"James Walchuck"
James Walchuck, President and CEO
Forward-looking statements: Certain of the statements made herein,
including any information as to the Corporation'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. Forward-looking statements
are necessarily based on a number of estimates and assumptions that are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause
actual results to differ materially from those projected in the
forward-looking statements. Such factors include, among others: gold
and uranium price volatility; impact of any hedging activities,
including margin limits and margin calls; discrepancies between actual
and estimated production, between actual and estimated reserves and
resources and between actual and estimated metallurgical recoveries;
changes in national and local government legislation, taxation,
controls, regulations and political or economic developments in Canada,
the United States, Slovakia, Northern Ireland or other countries in
which the Corporation does or may carry on business in the future;
risks of sovereign investment; the speculative nature of gold and
uranium exploration and development, including the risks of obtaining
necessary licenses and permits; dilution; competition; loss of key
employees; additional funding requirements; and defective title to
mineral claims or property. In addition, there are risks and hazards
associated with the business of gold and uranium exploration,
development and mining, including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins,
flooding and gold bullion losses (and the risk of inadequate insurance
or inability to obtain insurance, to cover these risks), as well as the
factors described or referred to in reports filed by the Corporation
with the Canadian securities administrators. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Corporation 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.
For further information please contact:
Knox Henderson, Tournigan Investor Relations, at +(604) 637-3563, or
visit www.tournigan.com
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Copyright (c) 2008 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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