Additional Information
Market: TSX-V
Sector: General Mining - Uranium & Lithium
EPIC: EUU
Latest Price: C$0.20  (0,00%)
52-week High: C$0.83
52-week Low: C$0.18
Market Cap: C$10.47M
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European Uranium Resources
www.tournigan.com

European Uranium Resources Ltd. (EUU: TSX-V; TGP: Frankfurt) (formerly Tournigan Energy Ltd.) began trading as EUU on March 1, 2012. The company is well placed to become the key uranium exploration and development company in Europe. Europe is the world's largest per capita consumer of uranium with 160 operating reactors and more under construction or planned but with only one currently operating uranium mine, located in the Czech Republic.

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Tournigan Energy rallies on high grade uranium results at Kuriskova deposit in Slovakia

3rd Feb 2011, 9:52 am

Uranium explorer Tournigan Energy (TVC: TSX-V; TGP: FSX) announced Wednesday the results of a drill hole that yielded the highest grade of uranium yet at the Main Zone South portion of its Kuriskova deposit in Slovakia.

The news sent the company's share price up by more than 10% on Wednesday morning to trade at $0.41 as of 10:30am EST.
Hole LE-K-64, the first infill hole of the current season, returned 2.6 metres at 0.793% equivalent uranium oxide (eU3O8), including  0.7 metres at 2.096% eU3O8.

The company said the hole intersected "significantly higher grade" compared to the current inferred resource grade in the area intersected by the hole of 0.133% U3O8.

"This bodes well for a potential increase in the grade of Main Zone South during the ongoing resource update," said president and CEO Dorian L. Nicol.

Two more holes will be drilled from the same drill pad this month to further infill this portion of the resource, Tournigan said, with the aim of upgrading it to the indicated category. An updated resource estimate is expected in April.

The one hole completed to date on the site represents 481 metres of an initial 4,500 metre drilling program, designed to expand and upgrade uranium resources at the Kuriskova project.

In addition to Kuriskova, Tournigan has several other exploration targets along the Slovakian uranium belt.

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