SOURCE: Tournigan Gold Corporation

April 20, 2006 22:42 ET

Tournigan Files Kremnica 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 Kremnica gold project in Slovakia. This report provides an updated resource estimate that highlights the Measured, Indicated and Inferred Resources that provides the foundation for Tournigan's on-going Pre-Feasibility Study for Kremnica. The total Measured and Indicated Resource now stands at 958,000 ounces of gold and 7.7 million ounces of silver from 18.8 million tonnes at grades of 1.59 g/t gold and 12.78 g/t silver. Inferred Resources are an additional 271,500 ounces of gold and 1.5 million ounces of silver from 6.4 million tonnes grading 1.32 g/t gold and 7.42 g/t silver.

The Technical Report, which was prepared in accordance with National Instrument 43-101 ("NI 43-101"), focuses on the significant upgrade in resource categories at Kremnica thanks to the successful in-fill drilling program Tournigan completed in 2005. This drilling also led to an increase in overall contained gold and silver. The Report, further to the March 6, 2006 Tournigan release, is now filed on SEDAR and is available on the Tournigan website at www.tournigan.com or at www.sedar.com.

                  Sturec Gold Deposit, Kremnica

                              Gold
Cut-off   Gold    Silver   equiv.
Grade     Grade   Grade,   Grade,              Ounces,   Ounces,   Ounces,
(g/t)     (g/t)   (g/t)    (g/t)   Tonnes      Gold     Silver   Gold Equiv

                            Measured Resources

0.75      1.75    14.24    1.96    7,293,000  410,300  3,338,900    459,600

                            Indicated Resources

0.75      1.48    11.86    1.66   11,514,000  547,900  4,390,400    614,500

                   Total Measured and Indicated Resources

0.75      1.59    12.78    1.78   18,807,000  958,200  7,729,300  1,074,100

                             Inferred Resources

0.75      1.32     7.42    1.44    6,398,000  271,500  1,526,300    296,200


Note: Gold equivalent calculated from gold/silver ratio of 66:1
Kremnica is a historical gold mining district located in central Slovakia, where mineralization is part of a Tertiary-aged epithermal gold/silver system. Tournigan purchased 100% interest in the Kremnica project, including the Kremnica Mining Licence, in 2003.

The Technical Report, dated April 15, 2006, was prepared under the direction of W. Peter Stokes, P.Eng., of Beacon Hill Consultants (1988) Ltd., an Independent Qualified Person as defined by NI 43-101. Beacon Hill was commissioned to produce an upgraded NI 43-101 compliant resource estimate for the Sturec deposit at Kremnica as part of their on-going Pre-Feasibility Study. The estimate included the results of 41 in-fill reverse circulation drill holes completed by Tournigan in the middle of 2005 as well as 79 historical diamond drill holes and 3,148 historic underground samples. Drill-hole spacing was reduced from approximately 100-metre by 100-m to 50-m by 50-m during the 2005 in-fill drilling program at Sturec.

The resource was estimated using MINESIGHT™ software to produce a block model, with block sizes of 5-m by 10-m by 5-m. Search ellipsoid dimensions were reduced from earlier resource estimates, providing an even more tightly constrained and robust estimate. The cut-off grade of 0.75 g/t gold is similar to the effective open-pit grade cutoff from the 2004 Sturec Preliminary Assessment completed by Beacon Hill. Additional QA/QC work was completed, including the twinning of 5 historic drill holes, the re-assaying of 600 historical sample pulps, more detailed specific gravity measurements and extensive documentation and re-logging of historical drill core.

The geotechnical program is nearing completion at Kremnica, designed to assist in the mine and mill design of the Pre-Feasibility Study. Also, Beacon Hill is currently finalizing the optimization of the open-pit design for the Sturec deposit, to be published shortly.

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 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
    Email: Email Contact