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Tournigan Extends Uranium Roll-front in Wyoming
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Vancouver, February 8, 2008 - Tournigan Gold Corporation (TVC:TSX-V;
TGP: Frankfurt) has received further down-hole radiometric survey
results from its drill programme on the CR Trend claims in the Cyclone
Rim area of the Great Divide Basin, Wyoming.
Tournigan's extensive Cyclone Rim property is comprised of the UT
claims in the west
(http://www.tournigan.com/s/NewsReleases.asp?ReportID=281415) and the
CR Trend. The CR Trend extends favourable uranium-bearing geology along the
roll-front for a further 40 kilometres east of the UT claims
Tournigan is drilling nine fences of drill holes on the CR Trend claims
to provide cross-sectional information along the favourable trend. Each
fence is approximately 4,500 metres apart with vertical drill holes
spaced approximately 122 metres apart along each fence (click here,
http://www.tournigan.com/i/pdf/MapFeb8.pdf or visit www.tournigan.com).
Tournigan has received radiometric data from 34 drill holes. The
Company is highly encouraged by results from two of the holes along the
second fence and from two holes along the ninth fence, which is located
approximately 32 kilometres further east.
Highlights include:
- CR-14 with 0.059 % eU3O8 over 8 metres (26 ft)
- CR-10 with 0.016 % eU3O8 over 5.5 metres (18 ft)
"This widely-spaced drill pattern was designed to establish the
location of the roll-front by determining the oxidization-reduction
boundaries below surface," said Tournigan president Jim Walchuck.
"However, we also encountered uranium mineralization which was well
beyond our expectations at this early stage."
The table below outlines the geologically significant intercepts
received.
CR Claims Drilling -- Geologically Significant Gamma Log Intercepts
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Fence Drill From To Thickness Average GxT (1)
Line Hole (meters) (meters) (meters) Grade (% meters)
(%eU3O8)
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Line 2 CR-10 41.9 47.4 5.5 0.016 0.088
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CR-14 63.4 71.3 7.9 0.059 0.468
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Line 4 CR-29 125.9 126.5 0.6 0.026 0.016
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Line 9 CR-32 16.5 18.4 2 0.03 0.059
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152.9 243.7 90.8 0.012 1.09
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Incl. 153.2 155.3 2.1 0.044 0.094
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Incl. 205.9 208.5 2.6 0.023 0.060
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Incl. 214.7 216 1.2 0.021 0.026
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Incl. 241.1 241.7 0.6 0.024 0.015
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Line 9 CR-33 18.1 20 1.8 0.03 0.055
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161.4 237.6 76.2 0.012 0.914
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Incl. 167.2 169.8 2.6 0.02 0.052
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Incl. 211.5 212.8 1.2 0.022 0.027
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Incl. 213.2 215.2 2 0.022 0.044
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Incl. 216.4 220.4 4 0.023 0.091
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Incl. 221.7 223.4 1.7 0.035 0.059
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Notes:
Calculations may vary slightly due to rounding
1Grade x Thickness factor (%eU3O8 x thickness in metres).
Hole CR-14 was subsequently twinned to obtain core samples from which
the disequilibrium ratio could be determined. The disequilibrium ratio
equates the true U3O8 content (%U3O8) to the radiometric equivalent
(%eU3O8), which is determined by downhole radiometric logging. The
cored hole and selected mineralized intervals were sent to Hazen
Research in Golden, Colorado for these analyses. Results are expected
by March, 2008.
The 34 rotary drill holes totalling 6,605 metres reported to date
represent the first phase of Tournigan's drill programme. The Company
will re-commence drilling in May, 2008 to complete its programme of
approximately 8,000 metres laid out last year and will then reassess
the results to determine the next course of action.
W. T. Cohan, P. Eng., Tournigan's consulting engineer, and the
Qualified Person as defined by National Instrument 43-101, has reviewed
and approved the technical disclosure contained herein.
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
Tournigan's future financial or operating performance, may be
forward-looking and subject to important risk factors and
uncertainties, many of which are beyond Tournigan's ability to control
or predict. When used in this document, the words "could", "intend",
"anticipate", "estimate", "expect" as they relate to Tournigan or its
management, are intended to identify forward-looking statements or
information. 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, 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, Slovakia or the United States or other
countries in which Tournigan 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 the accuracy of resource and reserve
estimates (including with respect to size, grade and recoverability)
and the geological, operational and price assumptions on which these
are based), 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 Tournigan with the Canadian securities
administrators. Accordingly, readers should not place undue reliance on
forward-looking statements. Tournigan 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 +1 (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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