Tournigan Energy has provided the results of two additional exploration holes drilled that appears to be a new zone of mineralization, Zone 45, at the Kuriskova uranium deposit in Slovakia. The two holes LE-K-40 and LE-K-41, were drilled as step outs in Zone 45 where two discovery holes were previously announced November 23, 2009.
New Hole LE-K-40 intersected mineralization approximately 15mt east of hole LE-K-29 (2.0 m of 0.847 % eU3O8) and new hole LE-K-41 deviated towards LE-K-32 and intersected mineralization approximately 10mt west of hole LE-K-32 (2.5 m of 0.747 % eU3O8).
The new zone of mineralization extends to the northwest from the Kuriskova main zone. It is adjacent to, but at shallower depth and stratigraphically above the Kuriskova main zone and remains open along strike and depth. The mineralization type, grade and thickness are similar to the Main Zone.
Drilling in this zone of Kuriskova was designed to test a radon and radiometric anomaly trending northwest from the current uranium resource. The first drill hole, LE-K-29, was drilled 35mt north of the current resource limit. Based on the high grade intercept in that hole, Tournigan stepped out a further 20mt to the northwest and drilled LE-K-32, which also intersected high grade mineralization.
Based on the results of the four holes, Tournigan plans to continue step out drilling to define the extent of this new high grade zone.
The mineralization in Zone 45 occurs at a shallower depth (130mt to 150mt from surface) than the current main zone resource and occurs in interformational schist horizons in the hanging wall, rather than at the volcano-sedimentary contact which localizes the main zone.
It is speculated that this new zone may represent remobilization and redeposition of uranium along favorable structures. The radon and radiometric anomalies extend at least 400mt from the current resource boundary and this high grade zone remains open along strike.
Several exploration targets have been identified in the immediate area of the currently defined resource on the basis of airborne radiometric anomalies and surface radon gas and gamma spectrometry surveys. These targets could represent extensions to the known mineralization and/or satellite uranium deposits and will continue to be tested during this and the next phases of drilling.
Tournigan is continuing to drill at Kuriskova as the company advances the project through a prefeasibility study. The uranium grades presented from drill holes LE-K-40 and LE-K-41 are reported as equivalent uranium oxide (eU3O8%) as determined by downhole radiometric logging. The logging was performed by Koral of Slovakia.
Drill core samples are being submitted to ALS Chemex in Seville, Spain for chemical assay; assay results are expected by late-February. Drill intercept thicknesses are reported as drilled; true thicknesses have not yet been calculated. Tournigan has experienced good correlation between downhole radiometric readings and chemical assays.