Tournigan begins preliminary assessment

Tournigan Energy  reports that it has began its preparation of an NI 43-101 compliant preliminary assessment of its Kuriskova uranium deposit, Slovakia.

The result of the studies will provide insight into a mine plan and processing plant flow-sheet for Kuriskova. It will also provide a basis for determining capital and operating costs, project economics and will identify the environmental and permitting aspects of the project.

Dorian L. (Dusty) Nicol, Tournigan’s President and CEO says:

“Awarding these contracts represents a key milestone for the development of the Kuriskova uranium deposit.” “Our resource update, released February 24, 2009 demonstrated more than a doubling of pounds of uranium oxide in the indicated resource and increased the indicated grade to 0.558 percent uranium oxide. We expect that at this grade, the results of the preliminary assessment will demonstrate an attractive project with robust economics. Assuming a positive preliminary assessment report, our plans are to initiate a pre-feasibility study which is expected to be completed in the first half of 2010. We are pleased to be working with PAH and RDI, both well-regarded firms known for their high standards, at this important stage of the development of our flagship property in Slovakia.”

For full details of this press release, click this link. To view Tournigan’s company profile, click here. Follow developments in uranium mining and exploration for free.
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