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Market: TSX-V
Sector: General Mining - Uranium & Lithium
EPIC: EUU
Latest Price: C$0.22  (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.

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Tournigan Energy expects pre-feas study for Kuriskova by year-end

9th Aug 2011, 9:03 pm by Olivia D'Orazio

Uranium explorer Tournigan Energy (CVE:TGP) said Tuesday it continues to press forward with a prefeasibility study for its KurisKova uranium project in Slovakia.

The 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 study, expected to wrap-up in December this year, is being conducted by California-based Tetra Tech (NASDAQ: TTEK).

Tetra Tech, which offers engineering and consulting services, will construct a proposed mine plan based on the latest resource estimate.

In April, a resource report showed 28.5 million pounds of indicated uranium, grading 0.555% contained in 2.3 million tonnes, plus an extra 12.7 million pounds at 0.185% uranium in the inferred category for 3.1 million contained tonnes.

Field work and data interpretation necessary for the prefeasibility study’s completion is on schedule and in progress, the company said.

Currently at the property, the third of five geotechnical holes is being drilled, with completion of the geotechnical drilling program expected by mid-September, while hydrogeological holes have been drilled with results being interpreted.

Phase one metallurgical test work has been completed, and has confirmed uranium and molybdenum leach recoveries of between 93% and 94% and 90% to 93%, respectively.

Meanwhile, phase two is ongoing and will focus on the refinement of the uranium and molybdenum precipitation parameters.

As well as advancing its prefeasibility study, Vancouver-based Tournigan said it continues with surface exploration work within the Kuriskova exploration licenses, as well as on the company’s other claims in Slovakia.

"This is expected to lead to drill targets which the company will begin testing after the Kuriskova geotechnical drilling is completed,” the company said in a statement.

Tetra Tech is also in the process of preparing an NI 43-101 resource estimate for the Novoveska Huta uranium deposit in Slovakia, which is expected to be released by September’s end.

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