TVCFF Tournigan Energy Ltd featured news, full reports, and detailed charts
Tournigan Energy Ltd (TVCFF/TVCFF.PK) Wrap Up:
Tournigan Energy, Ltd. engages in the development, exploration, and acquisition of mineral resource properties, primarily gold, uranium, silver, and precious metal deposits. It owns a 100% interest in the Kuriskova uranium deposit comprising 32 square kilometers located in east-central Slovakia; a 100% interest in the Kremnica gold deposit consisting of two contiguous properties the Kremnica Mining license and the Lutila Exploration license with 11.79 and 86.38 square kilometers; and a 100% interest in the Curraghinalt gold deposit that consists of approximately 346 square kilometers located in Ireland. The company also holds a 100% interest in the Novoveska Huta Uranium prospect in Slovakia...Tournigan Energy Ltd (TVCFF:OTC)
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Market Cap
23.5M
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EBITDA
3.9M
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DILUTED EPS TTM
-0.11
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P/E
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Return On Asset
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Return On Equity
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Key developments for Tournigan Energy Ltd (TVCFF)
Tournigan Energy Ltd. announced the results from the first seven drill holes of its ongoing infill and step out drilling program at the Kuriskova uranium deposit in Slovakia. The positive results from these drill holes validate the decision to continue advancing the project through a prefeasibility study. The recently completed seven holes include six infill holes and one step out hole. The infill holes demonstrate the continuity of high grade uranium mineralization in the northern part of the deposit. The step out hole, LE-K-24, drilled outside the present Inferred Resource, demonstrates continuity and extension of the high grade main zone toward the northeast. These seven holes are expected to upgrade the resource in the northern part of the deposit by moving more pounds of uranium into the Indicated Resource category at higher grade than the current Inferred Resource. In addition, they will likely add to the resource in the northeastern part of the deposit. The mineralization remains open to the north and further stepout drilling will continue to test for extensions to this high-grade mineralization. The results of this initial program will help define and plan subsequent drilling to be done in 2009 and early 2010. The complete program will total approximately 15,000 metres. Drill core samples are being submitted to ALS Chemex in Seville, Spain for chemical assay; assay results are expected by mid-December. Tournigan has experienced very good correlation between downhole radiometric readings and chemical assays. At these higher grades, chemical assays are expected to be equal to or higher than the radiometric eU3O8% equivalents that are reported. Drill intercept thicknesses are reported as drilled; true thicknesses have not yet been calculated.
Tournigan Energy Ltd. has completed its initial phase of metallurgical testing for the Kuriskova uranium project in eastern Slovakia. The test program was conducted on drill core samples representative of the mineralization and was performed at the Resource Development Inc. (RDI) laboratory facilities in Wheatridge, Colorado. The test results indicate that over 90% of the uranium and molybdenum can be recovered by pressure oxidation using a whole ore leach process in an alkaline (carbonate) media at a grind size of P80 150 mesh. This process represents a conventional technology used in the US and other countries for the treatment of uranium ores. The predominant uranium minerals are uraninite and coffinite. Additional test work is planned during the ongoing prefeasibility study to optimize the process parameters.
Tournigan Energy Ltd. announced that the company has awarded Tetra Tech Inc. of Golden, Colorado a contract for the preparation of an NI 43-101 compliant prefeasibility study of the Kuriskova uranium deposit in eastern Slovakia. The work will begin immediately with its results expected to be completed in the first half of 2010. Tetra Tech is a full service consulting and engineering company to the mining industry with 10,000 employees and 250 offices worldwide. As part of the prefeasibility study, Tournigan has initiated a 5 000-metre drill program of step-out and infill drilling intended to expand and upgrade the Kuriskova uranium resource. The Kuriskova uranium deposit currently hosts an NI 43-101 compliant resource of 14.65 million pounds U3O8 indicated at 0.558% U3O8 and 17.90 million pounds inferred at 0.215% U3O8 using a cut-off of 0.05% U (SRK Consulting US, Feb. 2009). The initial drill program will help define and plan subsequent drilling to be done in 2009 and early 2010. Additionally, the program includes drill holes for geotechnical and hydrological data collection. The complete program will total over 15,000 metres. The study will also incorporate metallurgical testing of representative Kuriskova samples to optimize the recovery of uranium and molybdenum as a byproduct. The results of the studies will provide insight into a mine plan, infrastructure requirements, and processing plant flow-sheet design for Kuriskova. It will also provide a basis for determining reserves, capital and operating costs, project economics and will address the environmental and permitting aspects of the project.
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Industry Analysis
| Valuation | TVCFF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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TVCFF transactions
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Merger/Acquisition
September 30, 2009 |
Dalradian Gold Limited |
More Recent News About Tournigan Energy Ltd
More news for TVCFF
Tournigan Drills More High Grade Uranium at Kuriskova
DRILL HOLE  FROM (m)  TO (m)  LENGTH (m)  eU3O8% LE-K-21  266.00  270.80  4.80  0.709 including  268.60  270.60  2.00  1.534   283.40  284.60  1.20  0.501 LE-K-24  268.30  270.10  1.80  0.625 including  269.40  270.00  ...Click here to read the whole Article (external link)
Tournigan Closes $5.5 Million Dalradian Sale
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Tournigan Awards Prefeasibility Study of Kuriskova Uranium Deposit
VANCOUVER--(BUSINESS WIRE)--Tournigan Energy Ltd. (TSX-V: TVC - News; Frankfurt: TGP - News) announced today that the company has awarded Tetra Tech, Inc. of Golden, Colorado a contract for the preparation of an NI 43-101 compliant prefeasibility study of the Kuriskova uranium deposit in eastern Slovakia. The work will begin immediately with its results expected to be completed in the first half of 2010. Tetra Tech is a full service consulting and engineering company to the mining industry with 10,000 employees and 250 offices worldwide. 383838 using a cut-off of 0.05%U (SRK Consulting US, Feb. 2009).The initial drill program will help define and plan subsequent drilling to be done in 2009 and early 2010. Additionally, the program includes drill holes for geotechnical and hydrological data collection. The complete program will total over 15,000 metres.The study will also incorporate metallurgical testing of representative Kuriskova samples to optimize the recovery of uranium and molybdenum as a byproduct.The results of the studies will provide insigh...Click here to read the whole Article (external link)
Tournigan Resumes Drilling at Kuriskova Uranium Deposit
VANCOUVER, British Columbia--(BUSINESS WIRE)--Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announces that drilling has resumed on its Kuriskova uranium deposit in Slovakia. One drill rig has mobilized to site and begun drilling; a second drill rig is being mobilized and will arrive at site shortly. The initial drill program will comprise about 5,000 metres of step-out and infill drilling intended to expand and upgrade the Kuriskova uranium resource. Results of this initial program will help define and plan subsequent drilling to be done in 2009 and early 2010. The complete program will total about 14,000 metres. The objective of the program will be to continue expanding the Kuriskova resource, to upgrade a significant portion of the inferred resource to the indicated category, to increase the overall grade of the deposit and to provide subsurface geotechnical and hydrogeological data to be used for engineering design. The resulting updated resource estimate will provide the basis for the reserve estimate in the Kuriskova Project pre-feasibility study Tournigan intends to begin shortly.The first holes to be drilled are step-out holes adjacent to a high-grade portion of indicated resource in Kuriskova’s Main Zone (see map at http://www.tournigan.com/i/pdf/tvc-explo-sept09.pdf). Drill holes near the bou...Click here to read the whole Article (external link)
Tournigan Sells Curraghinalt Gold Project
VANCOUVER, British Columbia--(BUSINESS WIRE)--Tournigan Energy Ltd. (TVC: TSX-V; TGP: Frankfurt) announced today the sale of its Curraghinalt gold project in Northern Ireland to SA Resources, Ltd. The Curraghinalt project was previously the subject of an option agreement with C3 Resources (see news release dated December 23, 2008) which subsequently assigned its rights under the option agreement to SA Resources. The terms of the sale are: 1. SA Resources will pay Tournigan an initial payment of C$2.5 million on or before October 26, 2009. On making this payment, SA will own 100 percent of the shares of Dalradian Gold Ltd., the Northern Irish company that holds the Curraghinalt gold licenses; and 2. SA Resources will provide a secured promissory note to Tournigan for C$3 million which shall be due and payable on or before December 31, 2009.“We are pleased that SA Resources has purchased the Curraghinalt gold project and will be in a position to advance what for us had become a non-core asset,†said Tournigan’s president and CEO, Dorian L. (Dusty) Nicol. “The acceleration of cash payments to Tournigan represents a non-dilutive financing which will allow us to resume aggressive exploration on our core asset, the high-grade Kuriskova uranium deposit in Slovakia.â€About TourniganTournigan is a uranium exploration and development company that has built a portfolio of highly prospective assets in Slovakia, a member of the European Union since 2004. Slovakia is economically and politically stable, has excellent infrastructure and, as of January 1, 2009, has adopte...Click here to read the whole Article (external link)
TOURNIGAN ENERGY LTD. Financials
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