Tournigan intersects higher-than-expected uranium grades at Kuriskova

Tournigan Energy (CVE:TVC) announced Tuesday the results from a geotechnical drill hole on its Kuriskova deposit in Slovakia, returning much higher grades of uranium than expected.

Hole LE-K-70-G was drilled in the central part of Tournigan's Kuriskova uranium property. The radiometric logging returned an intercept of three metres grading 0.239% uranium, including 0.6 metres at 0.76% uranium.

Additionally, the hole intersected 1.2 metres grading 1.168% uranium, including 0.6 metres at 2.038% uranium.

The hole was drilled to a depth of approximately 390 metres, in a zone with a modeled grade of 0.056% uranium, Tournigan said, making the high-grade results surprising, and a significant improvement over the expected grade in this part of the deposit. 

In April, Tetra Tech, the company that Tournigan hired to perform the ongoing prefeasibility study at Kuriskova, completed a resource estimate that included 2.3 million tonnes, grading 0.555% uranuim, for 28.5 million pounds of contained uranium in the indicated category.

In the inferred category, there is an estimated 3.1 million tonnes grading 0.185% uranium, for a total of 12.7 million pounds.

The Kuriskova property consists of 32 square kilometres of mineral claims situated in a forest roughly 13 kilometres northwest of the city of Kosice, a regional industrial centre in East-Central Slovakia. The prefeasibility study is expected to wrap-up in December this year.

Tournigan's stock on the TSX-Venture Exchange rose 5.26% as of 1:01 pm EDT, trading at $0.10 per share.