This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tournigan Adds 3.75 Million Pounds Of Measured And Indicated U3O8 And 12.74 Million Pounds Of Inferred U3O8 To Mineral Inventory

In addition to historical drilling and underground sampling data that could be verified, the Novoveska Huta resource estimate incorporates 17 diamond drill holes totaling 8,897 metres drilled by Tournigan between 2006 and 2011. These holes comprise 7 twin holes drilled to verify historical drill holes, 2 twin holes drilled to verify data from the historic shaft, 2 exploration holes drilled into the western block and 6 step-out holes (of which 5 were completed) that were drilled to explore and extend the deposit to the east.

Historical data at Novoveska Huta were compiled during Slovakia’s communist period. They comprise 106 surface drill holes (of which 38 were used in this resource estimate), 371 underground holes and 5.5 Km of underground development from which were taken 2,081 radiometric channel samples. Only data which could be verified and had backup of hardcopy stamped original documents were used in the resource estimation. Data verification was reviewed by Tetra Tech, Inc. The data base comprises eU % (gamma) for historic holes and U % (chemical assay) for Tournigan holes. Tournigan carried out closed-can analysis at Energy Lab, USA, to confirm that there are no disequilibrium issues between radiometric gamma and chemical assays.

The following table summarizes the Novoveska Huta resource estimate:

Novoveska Huta Resource Estimate October 2011* - Cutoff 0.06%U




U 3 O 8 lbs




Mo lbs




% U


% U 3 O 8






% Mo




      837       0.091       0.108       1,988                        


      825       0.082       0.097       1,762                        

Measured + Indicated

























*The resource estimate includes radiometric gamma for historic holes and underground development data and chemical assays for Tournigan drilling. Molybdenum resource numbers represent molybdenum associated with uranium resource blocks above a 0.06% U cutoff.

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs