SOURCE: Tournigan Gold Corporation

February 21, 2008 08:00 ET

Kuriskova Infill Drilling Returns More High Grade Uranium

VANCOUVER, BC--(Marketwire - February 21, 2008) - Tournigan Gold Corporation (TSX-V: TVC) (FRANKFURT: TGP) today reported results from its 10,129 metre, 30-hole, 2007 infill drilling program at the Kuriskova uranium deposit in Eastern Slovakia. The company continues to intercept significant thicknesses and uranium grades on the deposit.

Highlights include:

KG-J-19A with 8.9 metres of 0.411 %eU308
KG-J-21A with 8.4 metres of 0.762 %eU308
KG-J-21D with 5.5 metres of 0.509 %eU308
KG-J-24B with 2.4 metres of 0.649 %eU308
KG-J-25A with 5.7 metres of 0.525 %eU308
KG-J-28B with 4.2 metres of 0.593 %eU308

More details of the 30 hole program are listed below.

"This drill campaign has raised our level of confidence and understanding of the deposit," said Tournigan President, James Walchuck. "The 2007 work was primarily infill drilling and the results have confirmed the geological and mineralization continuity of the main zone and hanging wall zone. These results are in line with previous drilling and support our belief that Kuriskova is a word-class deposit."

The drill results reported below are from 30 infill and exploratory drill holes the company drilled during 2007. Five of the holes did not encounter mineralization yet provided valuable geological and structural information for the project; two of the holes were lost and one is being continued in the next phase of the program.

Tournigan has 1,938 core samples at the SGS Group labs in Toronto awaiting chemical analysis. Another 402 samples are ready for dispatch from the project site.

-***-

------------------------------------------------------------------------
  Hole      From       To           Length            %eU3 O8
------------------------------------------------------------------------
KG-J-19A    232.1     241.0          8.9               0.411
------------------------------------------------------------------------
KG-J-19B    216.4     217.9          1.5               0.149
------------------------------------------------------------------------
KG-J-21A    312.3     330.1         17.8               0.403
------------------------------------------------------------------------
Including   315.6     324.0          8.4               0.7621
------------------------------------------------------------------------
KG-J-21B    246.0     246.5          0.5               0.570
------------------------------------------------------------------------
KG-J-21C    289.9     291.0          1.1               0.103
------------------------------------------------------------------------
KG-J-21D    305.4     310.9          5.5               0.509
------------------------------------------------------------------------
KG-J-24A    292.6     293.7          1.1               0.124
------------------------------------------------------------------------
KG-J-24B    346.1     352.9          6.8               0.268
------------------------------------------------------------------------
Including   346.1     348.5          2.4               0.649
------------------------------------------------------------------------
KG-J-25A    301.6     307.3          5.7               0.525
------------------------------------------------------------------------
KG-J-25B    268.9     269.8          0.9               0.120
------------------------------------------------------------------------
KG-J-25C    316.6     320.0          3.4               0.386
------------------------------------------------------------------------
KG-J-26A    264.1     266.2          2.1               0.111
------------------------------------------------------------------------
KG-J-26B    219.4     220.4          1.0               0.178
------------------------------------------------------------------------
KG-J-26C    193.6     194.3          0.7               0.304
------------------------------------------------------------------------
KG-J-27A    286.3     287.8          1.5               0.047
------------------------------------------------------------------------
KG-J-27B    352.4     353.4          1.0               0.070
------------------------------------------------------------------------
KG-J-28A    335.0     337.5          2.5               0.147
------------------------------------------------------------------------
KG-J-28B    263.7     271.7          8.0               0.420
------------------------------------------------------------------------
Including   267.5     271.7          4.2               0.593
------------------------------------------------------------------------
KG-J-28C    248.7     254.2          5.5               0.251
------------------------------------------------------------------------
KG-J-30B    588.2     591.6          3.4               0.190
------------------------------------------------------------------------
KG-J-31A    383.2     385.2          2.0               0.135
------------------------------------------------------------------------
KG-J-31B    413.1     415.2          2.1               0.302
------------------------------------------------------------------------
KG-J-20A  Mineralized (Instrument failure. Awaiting geochemical assays.)
------------------------------------------------------------------------
KG-J-20B               No significant intersection
------------------------------------------------------------------------
KG-J-22A               No significant intersection
------------------------------------------------------------------------
KG-J-23A               No significant intersection
------------------------------------------------------------------------
KG-J-29A                        Abandoned
------------------------------------------------------------------------
KG-J-29B              Drilling continues next phase
------------------------------------------------------------------------
KG-J-30A                        Abandoned
------------------------------------------------------------------------
KG-J-32A                    Main zone pinched
------------------------------------------------------------------------

-****-

A complete listing of all main zone intersections from the 2007 drill program may be found in Appendix A or by visiting Tournigan's website, http://www.tournigan.com/i/pdf/KuriskovaGammaAppendix_A.pdf.

A longitudinal projection showing the drill hole locations is also available from the website, http://www.tournigan.com/i/pdf/TVC-KU-v0802-01-Sec-VV.pdf.

The uranium grades referred to above are reported as equivalent uranium (eU3O8) as determined by downhole radiometric logging equipment. The logging was performed by Koral, s.r.o. of Slovakia. Quality control and quality assurance is being provided by Ravi Sharma, Tournigan's Manager Resources and Reserves.

In December 2007, ACA Howe provided an NI 43-101 resource estimate of the Kuriskova deposit that reported an inferred resource of 36.3 million pounds U308 at an average grade of 0.323% contained in 5.1 million tonnes at a cut-off grade of 0.035% U3O8. In the high grade main zone the estimate identified 30.9 million pounds U308 at an average grade of 0.421% contained in 3.3 million tonnes. The resource estimate included results from 10 of 13 diamond drill holes drilled by Tournigan at the Kuriskova deposit in 2006, three diamond holes drilled by Tournigan in late 2005, and 13 relevant holes of the 52 historical diamond drill holes drilled by previous government operators. The hole spacing for the inferred resource ranged between 40 to 150 metre centres.

The chemical assays from the 2007 program will be used for a new NI 43-101 resource estimate expected mid-2008. Tournigan anticipates the next estimate will upgrade a significant portion of the deposit to the indicated resource classification. Tournigan also continues its 2008 infill drilling program at Kuriskova where the company has planned more than 9,000 metres of core diamond drilling.

Appointment of Vice President, Sustainable Development

Tournigan is pleased to announce the appointment of Joseph Ringwald, P.Eng. as the company's Vice President, Sustainable Development. Mr. Ringwald will be responsible for Tournigan's sustainability initiatives, corporate social responsibility and community engagement programs throughout the exploration, feasibility, construction and production stages of the company's projects.

Joseph Ringwald P. Eng., Tournigan's VP Sustainable Development is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained herein.

About Tournigan

Tournigan has built a portfolio of highly prospective uranium and gold properties in both Europe and North America. Tournigan is a mineral resource company with a focus on developing its best projects. Tournigan has obtained licenses in countries that are economically and politically stable, have good infrastructure, and a highly educated population.

On behalf of the Board of Directors of

TOURNIGAN GOLD CORPORATION
"James Walchuck"
James Walchuck, President and CEO

Forward-looking statements: Certain of the statements made herein, including any information as to the Corporation's future financial or operating performance, may be forward-looking and subject to important risk factors and uncertainties, many of which are beyond the Corporation's ability to control or predict. Forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, among others: gold and uranium price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, the United States, Slovakia or other countries in which the Corporation does or may carry on business in the future; risks of sovereign investment; the speculative nature of gold and uranium exploration and development, including the risks of obtaining necessary licenses and permits; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property. In addition, there are risks and hazards associated with the business of gold and uranium exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks), as well as the factors described or referred to in reports filed by the Corporation with the Canadian securities administrators. Accordingly, readers should not place undue reliance on forward-looking statements. The Corporation undertakes no obligation to update publicly or release any revisions to forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information please contact:

    Knox Henderson
    Tournigan Investor Relations
    (604) 637-3563
    www.tournigan.com

    Tournigan Gold Corporation
    1200 - 570 Granville Street
    Vancouver, BC
    Canada V6C 3P1
    Tel: (604) 683 8320
    Fax: (604) 683 8340
    Email: Email Contact