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Additional Information
Market: TSX-V
Sector: General Mining - Uranium & Lithium
EPIC: EUU
Latest Price: C$0.23  (12.50% Ascending)
52-week High: C$0.83
52-week Low: C$0.18
Market Cap: C$11.77M
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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.

Full European Uranium Resources profile here
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Tournigan Energy reports 39% boost in uranium indicated resource at Kuriskova

28th Apr 2011, 8:22 pm by Deborah Sterescu

Tournigan Energy (CVE:TVC) announced Tuesday a 39%, or 7.9 million pound, increase in the indicated uranium resource at its Kuriskova deposit in Slovakia, hitting 28.5 million pounds, and increasing the overall size of the deposit.

Overall, the uranium oxide (U3O8) contained in the deposit has increased by 3.1 million pounds, as the new estimate also shows a lower inferred resource from the previous report.

According to the updated NI 43-101 compliant study, the deposit hosts 28.5 million pounds  at 0.555% U3O8 in the indicated category, plus an additional 12.7 million pounds at 0.185% U3O8 in the inferred category.

The last resource estimate from February 2010 suggested 20.5 million pounds of uranium oxide at 0.571% U3O8 in the indicated category, and 17.5 million pounds at 0.228% U3O8 in the inferred category.

"We are confident that this Indicated Resource is of sufficient size and grade to be the basis of a Reserve for the Kuriskova Prefeasibility Study, which we expect to complete around the end of this year," said president and CEO Dorian L. Nicol.

Indeed, the increase in the the resource is expected to have a positive effect on the overall project economics.

"We emphasize that we believe there remains significant exploration potential to increase the size of the Kuriskova resource both immediately adjacent to the current resource and in the surrounding exploration licence," added Nicol.

In addition, the company also said that the project shows a significant amount of molybdenum within the uranium resource, which could represent a by-product credit, and add more value.

The latest estimate includes the results of 18 diamond drill holes completed since the February 2010 report, totaling 4,548 metres.

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