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News Release - Wednesday, September 28, 2005
Tournigan Begins Confirmation Drilling at Jahodna Uranium Project
=======================================================================
Tournigan Gold Corporation is pleased to announce that diamond drilling
has begun on the Jahodna uranium project in Slovakia. The initial
portion of the Phase 1 program of 1,500 metres is designed to confirm
historic drillhole assay results that contain uranium and molybdenum
mineralisation within the historical resource block. This data
confirmation is part of Tournigan`s roadmap to update the resource
estimate at Jahodna to Canadian National Instrument 43-101 standards.
After the completion of the new resource estimate, Tournigan plans to
continue Phase 1 drilling at Jahodna, focusing on exploration along
strike.
Tournigan has commissioned A.C.A. Howe International Limited to author
the independent Technical Report that will include the updated Jahodna
uranium resource estimate. The Report will include results from the 3
initial confirmatory drillholes. A.C.A. Howe has considerable
experience in uranium - Managing Director Dr. Cal Armstrong was Chief
Geologist for British Nuclear Fuels Ltd for 3 years, and was Chief
Geologist for A.C.A. Howe Australia when they discovered the Jabiluka
deposit for Pancontinental Mining.
The historical resource estimate reported at Jahodna is as follows:
Jahodna Historical Uranium Deposit - Uranovy prieksum, 1996
Z-3 Uranium* Molybdenum Tonnes Uranium Molybdenum
Category U3O8 % % lbs U3O8 lbs Metal
Block A 0.541 0.38 1,150,000 13,720,000 9,630,000
Block B 0.221 0.38 1,080,000 5,250,000 9,050,000
TOTAL 0.386 0.38 2,230,000 18,970,000 18,680,000
Not NI 43-101 compliant resources - investors are cautioned not to rely
upon this estimate
*Uranium metal grades converted to uranium oxide grades (U3O8) using a
factor of 1.17
The Jahodna deposit was discovered in 1985, and the extensive
historical work program ended in 1996, following the collapse of the
socialist government. A total of 53 holes comprising 17,936 metres
were drilled at Jahodna between 1985 and 1991 with full radiometric
surveying of each hole followed by quantitative chemical analyses of
mineralized core intervals. The historical resource occurs within a
500-metre-long zone and was estimated using a block model method and a
cutoff grade of 0.03% for the Block A estimate, and a range of cutoff
grades from 0.03% to 0.015% for the Block B estimate. Considerable
metallurgical work resulted in reported recoveries of 88% to 90%
uranium and 93% to 94% molybdenum.
Tournigan has begun prioritizing exploration targets at Jahodna, based
on the significant historical data that has been compiled. Initial
focus will be on extensions along strike both south-east and north-west
of the historical resource block. Wide-spaced historical drill holes
outside the resource block have intersected uranium mineralization
within the same contact zone along a 3,000-metre trend.
Tournigan has reviewed the Jahodna historical resource estimate and
views it as relevant. The historic exploitation of Slovak uranium
deposits in general and metallurgical test records acquired with the
Jahodna deposit in particular suggests the reliability of the
historical resource estimates. However, until the independent
Technical Report is completed, the classification of the resources will
not be verified and the resources have not yet been categorized
according to the Standards on Mineral Resources and Reserves
Definitions by the Canadian Institute of Mining, Metallurgical and
Petroleum. The Slovak category of Z-3 is roughly analogous to the CIM
definition for Inferred Resources.
Corporate Matters
Tournigan is also pleased to report that the non-brokered private
placement announced September 1, 2005, has closed, raising gross
proceeds of $2.0 million. On closing, 5.0 million Units of the Company
at $0.40 per Unit were issued to Passport Capital. Each Unit consists
of one common share and one-half of a warrant, with each whole warrant
entitling the holder to purchase an additional common share at an
exercise price of $0.55 per share until September 8, 2007. The Company
may require the warrants to be exercised any time after the trading
price of Tournigan`s shares exceeds $1.00 per share for 30 consecutive
trading days. A finder`s fee equal to 7% of the gross proceeds was
paid on closing. Any shares issued pursuant to this placement are
subject to a four-month hold period expiring on January 8, 2006.
Tournigan Gold is focused on developing advanced projects in Europe -
Kremnica (gold) in Slovakia, Curraghinalt (gold) in Northern Ireland,
and Jahodna (uranium/molybdenum) in Slovakia. Tournigan`s asset mix
also includes a portfolio of uranium properties in Wyoming, as well as
VMS projects in Slovakia and Northern Ireland.
TOURNIGAN GOLD CORPORATION
"Damien Reynolds"
Damien Reynolds, Executive Chairman
"James Walchuck"
James Walchuck, President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This press
release does not constitute an offer to sell or a solicitation to buy
any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act
of 1933, as amended ("the U.S. Securities Act") or any state securities
law and may not be offered or sold in the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is
available. Statements in this press release other than purely
historical information, including statements relating to the Company`s
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company`s business, including risks
inherent in mineral exploration and development. As a result, actual
results may vary materially from those described in the forward-looking
statements.
For further information please contact Damien Reynolds, Executive
Chairman or Garry Stock, Executive VP at (604) 683-8320, or visit
www.tournigan.com
=======================================================================
Copyright (c) 2005 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
Message sent on Wed Sep 28, 2005 at 6:51:01 AM Pacific Time
=======================================================================
Tournigan Begins Confirmation Drilling at Jahodna Uranium Project
=======================================================================
Tournigan Gold Corporation is pleased to announce that diamond drilling
has begun on the Jahodna uranium project in Slovakia. The initial
portion of the Phase 1 program of 1,500 metres is designed to confirm
historic drillhole assay results that contain uranium and molybdenum
mineralisation within the historical resource block. This data
confirmation is part of Tournigan`s roadmap to update the resource
estimate at Jahodna to Canadian National Instrument 43-101 standards.
After the completion of the new resource estimate, Tournigan plans to
continue Phase 1 drilling at Jahodna, focusing on exploration along
strike.
Tournigan has commissioned A.C.A. Howe International Limited to author
the independent Technical Report that will include the updated Jahodna
uranium resource estimate. The Report will include results from the 3
initial confirmatory drillholes. A.C.A. Howe has considerable
experience in uranium - Managing Director Dr. Cal Armstrong was Chief
Geologist for British Nuclear Fuels Ltd for 3 years, and was Chief
Geologist for A.C.A. Howe Australia when they discovered the Jabiluka
deposit for Pancontinental Mining.
The historical resource estimate reported at Jahodna is as follows:
Jahodna Historical Uranium Deposit - Uranovy prieksum, 1996
Z-3 Uranium* Molybdenum Tonnes Uranium Molybdenum
Category U3O8 % % lbs U3O8 lbs Metal
Block A 0.541 0.38 1,150,000 13,720,000 9,630,000
Block B 0.221 0.38 1,080,000 5,250,000 9,050,000
TOTAL 0.386 0.38 2,230,000 18,970,000 18,680,000
Not NI 43-101 compliant resources - investors are cautioned not to rely
upon this estimate
*Uranium metal grades converted to uranium oxide grades (U3O8) using a
factor of 1.17
The Jahodna deposit was discovered in 1985, and the extensive
historical work program ended in 1996, following the collapse of the
socialist government. A total of 53 holes comprising 17,936 metres
were drilled at Jahodna between 1985 and 1991 with full radiometric
surveying of each hole followed by quantitative chemical analyses of
mineralized core intervals. The historical resource occurs within a
500-metre-long zone and was estimated using a block model method and a
cutoff grade of 0.03% for the Block A estimate, and a range of cutoff
grades from 0.03% to 0.015% for the Block B estimate. Considerable
metallurgical work resulted in reported recoveries of 88% to 90%
uranium and 93% to 94% molybdenum.
Tournigan has begun prioritizing exploration targets at Jahodna, based
on the significant historical data that has been compiled. Initial
focus will be on extensions along strike both south-east and north-west
of the historical resource block. Wide-spaced historical drill holes
outside the resource block have intersected uranium mineralization
within the same contact zone along a 3,000-metre trend.
Tournigan has reviewed the Jahodna historical resource estimate and
views it as relevant. The historic exploitation of Slovak uranium
deposits in general and metallurgical test records acquired with the
Jahodna deposit in particular suggests the reliability of the
historical resource estimates. However, until the independent
Technical Report is completed, the classification of the resources will
not be verified and the resources have not yet been categorized
according to the Standards on Mineral Resources and Reserves
Definitions by the Canadian Institute of Mining, Metallurgical and
Petroleum. The Slovak category of Z-3 is roughly analogous to the CIM
definition for Inferred Resources.
Corporate Matters
Tournigan is also pleased to report that the non-brokered private
placement announced September 1, 2005, has closed, raising gross
proceeds of $2.0 million. On closing, 5.0 million Units of the Company
at $0.40 per Unit were issued to Passport Capital. Each Unit consists
of one common share and one-half of a warrant, with each whole warrant
entitling the holder to purchase an additional common share at an
exercise price of $0.55 per share until September 8, 2007. The Company
may require the warrants to be exercised any time after the trading
price of Tournigan`s shares exceeds $1.00 per share for 30 consecutive
trading days. A finder`s fee equal to 7% of the gross proceeds was
paid on closing. Any shares issued pursuant to this placement are
subject to a four-month hold period expiring on January 8, 2006.
Tournigan Gold is focused on developing advanced projects in Europe -
Kremnica (gold) in Slovakia, Curraghinalt (gold) in Northern Ireland,
and Jahodna (uranium/molybdenum) in Slovakia. Tournigan`s asset mix
also includes a portfolio of uranium properties in Wyoming, as well as
VMS projects in Slovakia and Northern Ireland.
TOURNIGAN GOLD CORPORATION
"Damien Reynolds"
Damien Reynolds, Executive Chairman
"James Walchuck"
James Walchuck, President and CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This press
release does not constitute an offer to sell or a solicitation to buy
any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act
of 1933, as amended ("the U.S. Securities Act") or any state securities
law and may not be offered or sold in the United States or to U.S.
Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is
available. Statements in this press release other than purely
historical information, including statements relating to the Company`s
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company`s business, including risks
inherent in mineral exploration and development. As a result, actual
results may vary materially from those described in the forward-looking
statements.
For further information please contact Damien Reynolds, Executive
Chairman or Garry Stock, Executive VP at (604) 683-8320, or visit
www.tournigan.com
=======================================================================
Copyright (c) 2005 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
Message sent on Wed Sep 28, 2005 at 6:51:01 AM Pacific Time
=======================================================================
Makler hat schon hochgetaxt
Ne normale Meldung
Da wird nich viel passieren.
Da wird nich viel passieren.
Schade
[posting]18.062.445 von Verdampfer am 28.09.05 16:19:23[/posting]0,34 z.Zt.
Ist die Meldung schon bekannt??
...
28.09.2004 14:49:14 () versenden drucken
1 Datensätze gefunden.
Tournigan Gold spekulativ kaufen
Die Experten von "Schmider Investments" empfehlen die Aktie von Tournigan Gold (ISIN CA8915651035/ WKN 898464) zum spekulativen Kauf. Branchenkreise würden in letzter Zeit verstärkt auf Grund des nachhaltigen Goldbooms von einem steigenden Interesse der deutschen Anleger berichten, nicht nur in australische, asiatische, südamerikanische, kanadische und afrikanische Goldminentitel zu investieren, sondern auch nach europäischen Anlagealternativen im Miningbereich zu suchen. Bekanntermaßen seien lukrative Rohstoffressourcen in Westeuropa äußerst rar gesät, so dass interessante und vielversprechende Goldexplorer hier eher als Ausnahme betrachtet werden könnten. Die kanadische Explorationsgesellschaft Tournigan Gold scheine sich in den letzten Wochen immer mehr zu einem höchst anspruchsvollen und renditeträchtigen Goldtitel zu entwickeln, der exakt dem Darstellungsprofil entspreche, das von der deutschen Investorengemeinde zunehmend nachgefragt werde. Tournigan Gold sei ein reinrassiges europafokussiertes Goldunternehmen, alle Projekte der Gesellschaft lägen in West bzw. Mitteleuropa. Die Liegenschaften in Nordirland und in der Slowakei befänden sich zudem in einem fortgeschrittenen Explorationsstadium. Diese Profilierung als ausschließlich europaorientierte Minenfirma sei schon ungewöhnlich und faszinierend genug, doch gewinne die Bedeutung der Projekte zusätzlich an Brisanz, seitdem bekannt geworden sei, dass in beiden Liegenschaften mit hohen Goldvorkommen zu rechnen sei. Damit stehe Tournigan Gold als einziger wirklich substanzieller europäischer Goldexplorationstitel konkurrenzlos im Angebotspektrum internationaler Juniorexplorer. Diese Ausnahmestellung dürfte bald zu einem regelrechten Run auf dieses Papier führen, komme Tournigan Gold doch sehr stark dem Bedürfnis des europäischen Investors nach einer heimatlichen Rohstoffaktie mit hohem Kurspotenzial entgegen. Anfang Oktober sei nach den Worten des Unternehmens mit dem Beginn eines Diamantgrabungs- und bohrprogramms im Schürfgebiet Kremnica Süd in der Slowakischen Republik zu rechnen. Jüngste Geochemische Studien seien ausgesprochen erfolgreich gewesen. Das Curraghinalt Gebiet in Nordirland stehe kurz vor der Produktion. AMEC, ein internatonal anerkannter Spezialist für technische Studien, werde dabei helfen, die erste operierende Goldmine in Irland in Betrieb zu nehmen. Alle Engineering Studien seien äußerst hoffnungsvoll gewesen. Die Experten von "Schmider Investments" empfehlen, die Tournigan Gold-Aktie sehr genau zu beobachten und stufen die Aktie in den nächsten Wochen und Monaten als unbedingten spekulativen Kauf ein.
Quelle: AKTIENCHECK.DE
mfg kurttilly
...
28.09.2004 14:49:14 () versenden drucken
1 Datensätze gefunden.
Tournigan Gold spekulativ kaufen
Die Experten von "Schmider Investments" empfehlen die Aktie von Tournigan Gold (ISIN CA8915651035/ WKN 898464) zum spekulativen Kauf. Branchenkreise würden in letzter Zeit verstärkt auf Grund des nachhaltigen Goldbooms von einem steigenden Interesse der deutschen Anleger berichten, nicht nur in australische, asiatische, südamerikanische, kanadische und afrikanische Goldminentitel zu investieren, sondern auch nach europäischen Anlagealternativen im Miningbereich zu suchen. Bekanntermaßen seien lukrative Rohstoffressourcen in Westeuropa äußerst rar gesät, so dass interessante und vielversprechende Goldexplorer hier eher als Ausnahme betrachtet werden könnten. Die kanadische Explorationsgesellschaft Tournigan Gold scheine sich in den letzten Wochen immer mehr zu einem höchst anspruchsvollen und renditeträchtigen Goldtitel zu entwickeln, der exakt dem Darstellungsprofil entspreche, das von der deutschen Investorengemeinde zunehmend nachgefragt werde. Tournigan Gold sei ein reinrassiges europafokussiertes Goldunternehmen, alle Projekte der Gesellschaft lägen in West bzw. Mitteleuropa. Die Liegenschaften in Nordirland und in der Slowakei befänden sich zudem in einem fortgeschrittenen Explorationsstadium. Diese Profilierung als ausschließlich europaorientierte Minenfirma sei schon ungewöhnlich und faszinierend genug, doch gewinne die Bedeutung der Projekte zusätzlich an Brisanz, seitdem bekannt geworden sei, dass in beiden Liegenschaften mit hohen Goldvorkommen zu rechnen sei. Damit stehe Tournigan Gold als einziger wirklich substanzieller europäischer Goldexplorationstitel konkurrenzlos im Angebotspektrum internationaler Juniorexplorer. Diese Ausnahmestellung dürfte bald zu einem regelrechten Run auf dieses Papier führen, komme Tournigan Gold doch sehr stark dem Bedürfnis des europäischen Investors nach einer heimatlichen Rohstoffaktie mit hohem Kurspotenzial entgegen. Anfang Oktober sei nach den Worten des Unternehmens mit dem Beginn eines Diamantgrabungs- und bohrprogramms im Schürfgebiet Kremnica Süd in der Slowakischen Republik zu rechnen. Jüngste Geochemische Studien seien ausgesprochen erfolgreich gewesen. Das Curraghinalt Gebiet in Nordirland stehe kurz vor der Produktion. AMEC, ein internatonal anerkannter Spezialist für technische Studien, werde dabei helfen, die erste operierende Goldmine in Irland in Betrieb zu nehmen. Alle Engineering Studien seien äußerst hoffnungsvoll gewesen. Die Experten von "Schmider Investments" empfehlen, die Tournigan Gold-Aktie sehr genau zu beobachten und stufen die Aktie in den nächsten Wochen und Monaten als unbedingten spekulativen Kauf ein.
Quelle: AKTIENCHECK.DE
mfg kurttilly
RT 0,36€
[posting]18.065.199 von kurttilly am 28.09.05 18:41:11[/posting]28.09.2004 14:49:14 28.09.2004 14:49:14
Schlußkurs CAN 0,57 = 0,40€
SK 0,57 can$ (+ 20% ) x 0,7061 = 0,40 Euro
Guenter
Guenter
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