Proactiveinvestors recommends
Additional Information
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
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
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
Is EUU a Buy, Sell or Hold?Get your FREE analysis of EUU
Pdf

Tournigan intersects higher-than-expected uranium grades at Kuriskova

25th Aug 2011, 6:45 pm by Brad Lemaire

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.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.