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Tournigan Reports High Grade Chemical Assay Results at Kuriskova
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Vancouver, April 8, 2008 - Tournigan Gold Corporation (TVC:TSX-V; TGP:
Frankfurt) today reported results from geochemical assays taken from 13
Diamond drill holes on its Kuriskova deposit in Eastern Slovakia. The
results are part of Tournigan's 10,129 metre, 30-hole, 2007 infill
drilling program on the deposit. Results from an additional 13 holes
will be reported in subsequent news releases. Two of the holes in the
program were abandoned, one was structurally pinched and on one hole,
drilling will be continued in June this year.
Highlights from assay results include:
Hole From To Length %U3O8
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KG-J-19A 232.6 241.0 8.4 0.328
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KG-J-21A 313.2 327.0 13.9 0.321
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KG-J-21D 305.5 311.5 6.0 0.592
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KG-J-24B 346.0 353.0 7.0 0.436
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KG-J-25A 301.5 307.2 5.7 0.880
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.
"As anticipated, the geochemical assays that we received correlate well
with the previously disclosed radiometric results. Given the long lead
times for obtaining chemical assays this correlation justifies
announcing radiometric assays so that investors have the latest
information available to them," said Tournigan President, James
Walchuck. "We expect to report the remainder of the 2007 chemical assay
results followed by the radiometric results from our initial 2008
drilling at Kuriskova in May."
Assay results from the 2007 program will be used for a new NI 43-101
resource estimate expected mid-2008. Tournigan anticipates the next
estimate will upgrade a significant portion of the deposit to the
indicated resource classification. Tournigan continues its 2008 infill
drilling program at Kuriskova where the company has planned
approximately 9,000 metres of core
Diamond drilling.
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.
Continuation from Yukon to British Columbia
Tournigan is pleased to announce the completion of the continuation of
its jurisdiction of incorporation from the Yukon Territory into British
Columbia under the Business Corporations Act (British Columbia)
effective as of March 27, 2008 and the adoption of new articles, as
approved at the annual shareholders meeting held March 14, 2008. The
continuation is not a reorganization, amalgamation or merger and does
not alter shareholdings of Tournigan's shareholders. The CUSIP and
ISIN number for the common shares of the Corporation remain the same
after the continuation. The Corporation's new constating documents
have been filed on SEDAR (www.sedar.com).
About Tournigan
Tournigan has built a portfolio of highly prospective uranium and gold
properties in both Europe and North America. Tournigan is a mineral
resource company with a focus on developing its best projects.
Tournigan has obtained licenses 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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