SOURCE: Tournigan Gold Corporation

April 20, 2006 22:53 ET

Tournigan Files Jahodna Uranium Resource Estimate Report

VANCOUVER, BC -- (MARKET WIRE) -- April 20, 2006 -- Tournigan Gold Corporation (TSX-V: TVC) is pleased to announce that it has filed a new Technical Report on the Jahodna uranium project in Slovakia. The Technical Report provides confirmation in accordance to National Instrument 43-101 of Jahodna's historical uranium resource at a significantly higher grade and provides a basis for preliminary economic modeling, which is almost complete. The Inferred Resource is comprised of 18.1 million lbs of U3O8 from 1.26 million tonnes, grading 0.66 percent U3O8, at a cut-off of 0.035 percent.

                     Jahodna Uranium Deposit

Cut-off Grade         Uranium        Tonnes         Uranium
    (% U3O8 )          % U3O8                      lbs U3O8

                        Inferred Resources

       0.035%           0.66     1,256,088       18,184,125


Jahodna is a high-grade uranium deposit in eastern Slovakia, discovered by the former Socialist government in 1985. Tournigan acquired Jahodna by applying for an exploration licence covering the deposit, which was granted in June 2005. ACA Howe International Ltd. was commissioned to produce a resource estimate for the Jahodna uranium project, as a prelude to ACA Howe completing a Preliminary Assessment of the potential economics. The estimate is dated March 28, 2006 and was prepared under the direction of David Pelham, Associate Consulting Geologist of ACA Howe and an Independent Qualified Person as defined by NI 43-101. The estimate included results from the 3 confirmatory diamond holes drilled by Tournigan in late 2005 and 13 relevant holes of the 52 historical diamond drill holes drilled by previous government operators, as discussed in Tournigan's March 6, 2006 release.

ACA Howe utilized MicroMine™ software to produce a Polygonal Wireframe Resource Estimate for Jahodna, utilising the same cut-off grade of 0.030% uranium metal (equivalent to 0.035% uranium oxide) as was used to calculate the higher-grade portion of the historical resource estimate. Geochemical analyses of Tournigan drill core confirmed historic and current radiometric drill logging results, which, in conjunction with general agreement of historic and current resource estimates, confirms historical results, in the opinion of ACA Howe and is in accordance with NI 43-101 standards.

The Jahodna uranium deposit is part of a belt of largely stratabound uranium-molybdenum deposits hosted in a sequence of Permian-age meta-volcanic/sedimentary rocks in eastern Slovakia. The Jahodna deposit is partially blind and is covered by thick soils and extensive forest cover. The deposit has a NW-SE strike, and a variably steep-moderate SW dip (60 deg. in the upper part, 47 deg. in the lower part). The overall dimensions of the main deposit established to date by drilling are approximately 500 metres along strike by 500 metres down-dip by 2.5 metres thick.

The almost-complete Preliminary Assessment at Jahodna is based on an underground mining plan, and should be released within the next week. Further in-fill and step-out drilling at Jahodna is scheduled to begin on May 8th, once ground conditions improve enough for heavy drilling equipment to be moved on unpaved forestry roads.

Tournigan Gold is focused on developing advanced projects in Europe -- Kremnica (gold) and Jahodna (uranium/molybdenum) in Slovakia, and Curraghinalt (gold) in Northern Ireland. Tournigan's asset mix also includes a portfolio of uranium properties in Wyoming and South Dakota, as well as VMS projects in Slovakia and Northern Ireland.

TOURNIGAN GOLD CORPORATION
"James Walchuck"
James Walchuck, President and CEO
Dr. Kent Ausburn, VP Exploration, Tournigan Gold, is the Qualified Person for both the Jahodna uranium project and the Kremnica gold project and approved the technical information herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission ("SEC") permits mining companies in their filings with the SEC to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "inferred resource," that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure contained in our Form 20-F Registration Statement, File No. 000-50486. You can review and obtain copies of our filings from the SEC's website at http://www.sec.gov/edgar.shtml.

Contact Information

  • Further information:
    Garry Stock
    Executive VP
    (604) 683-8320
    or visit www.tournigan.com

    Tournigan Gold Corporation
    Suite 301, 700 West Pender Street
    Vancouver, BC Canada V6C 1G8
    Tel: (604) 683 8320
    Fax: (604) 683 8340
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