This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: TGP

**All of the molybdenum resource is classified as Inferred because of the absence of molybdenum assays in historical data. For this same reason, not every uranium block in the resource is included in the molybdenum resource and therefore uranium and molybdenum resource tonnages do not correspond.

A graphic showing the drill holes, underground workings and outline of resource zones can be found in the Appendix to this news release or can be viewed from this web link:  http://www.tournigan.com/i/pdf/2011-10-17_NRM.pdf.

The estimate was prepared by Ravi Sharma, Tournigan's Manager of Resources and Reserves, and has been reviewed, audited and approved by Tetra Tech, Inc. Tetra Tech, Inc. is preparing an independent NI 43-101 compliant Technical Report which will be filed on SEDAR within 45 days of the date of this news release. Dr. Rex Bryan is Tetra Tech's Qualified Person (QP) for this report and is an independent Qualified Person as defined by NI 43-101. This estimate is prepared in accordance to National Instrument 43-101 and classified as Measured, Indicated and Inferred according to the “CIM Standards on Mineral Resources and Reserves”.

A historical (not NI 43-101 compliant) P & Z3 (Slovak resource classifications, roughly analogous to Inferred) resource estimate prepared by former operator Uranpres (Jozef Daniel) in 2005 reported 19,970,000 pounds of uranium contained in 12 million tonnes at an average grade of 0.075% U 30 8 (cutoff grade 0.015% U 30 8) at Novoveska Huta (see Tournigan news release dated September 10, 2008).

Drill core samples from 17 drill holes drilled by Tournigan were analyzed by ALS Vancouver, SGS Lakefield and the SGUDS Laboratory in Slovakia for chemical assay between 2006 and 2011. The assays were conducted under Tournigan's strict Quality Assurance/Quality Control protocols. Interpretation and outlining of mineralization was conducted section-by-section by incorporating geological, structural and assay information. The 3D wireframe solids were created using Datamine studio software. Block models within these mineralized 3D wireframe solids were interpolated using ordinary kriging. The estimate was reviewed by Tetra Tech, Inc. Interpolation and NI 43-101 compliant resource classification parameters were reviewed by Tetra Tech, Inc.

3 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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