Tournigan Gold Corporation

Tournigan Gold Corporation

October 18, 2005 08:50 ET

Tournigan Mobilizes Second Drill to Jahodna Uranium Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 18, 2005) - Tournigan Gold Corporation (TSX VENTURE:TVC)(FWB:TGP) is pleased to announce that a second diamond drill rig has arrived at the Jahodna uranium project in Slovakia, accelerating a program to update the Jahodna resource estimate completed in 1996 to modern Canadian standards.

Initial drilling at Jahodna is focused on confirming data from 53 pre-existing diamond drill holes which were drilled between 1985 and 1991. All of the historic drill core samples were utilized and expended during three stages of uranium and molybdenum metallurgical studies conducted between 1992 and 1995. Tournigan drill data will be used to verify the historic Jahodna geochemical data and radiometric and geological drill logs. These data are currently being compiled as part of an independent National Instrument 43-101 - compliant technical report and updated resource estimate under commission by A.C.A. Howe International Limited.

Subsequent to A.C.A. Howe approval of the data verification drilling program, Tournigan will begin a step-out exploration drilling program designed to test the 3,000 metres of strike extension and across-strike thrust-fault repetitions. The planned step-out exploration drill program will follow-up historic wide-spaced exploration drilling that documented additional occurrences of uranium-molybdenum mineralization along the andesite-slate contact horizon outside of the Jahodna resource block.

Uranium-molybdenum mineralization at Jahodna is associated with quartz-carbonate stockwork veins and veinlets and disseminated iron, molybdenum and copper sulfides, and various iron-titanium oxide and uranium minerals localized primarily along the contact of an overlying (younger) meta-andesite unit and an underlying (older) unit of meta-pelitic sediments (slates). The complete volcanic-sedimentary stratigraphic succession at Jahodna is Permian age. Mineralization is localized within and parallel to the planar zone of the andesite-slate contact, but occurs primarily within the hangingwall andesite with lesser mineralization in the footwall slate. The Jahodna license area occurs within a regional syncline that is further deformed by sets of stacked thrust faults. The andesite-slate contact stratigraphic horizon that hosts the Jahodna uranium-molybdenum deposit is mapped along a northwest strike across the Jahodna license for approximately 3,000 metres. The horizon is also repeated several times across strike by the stacked thrust faults.

The historical resource estimate reported at Jahodna is as follows:

Jahodna Historical Uranium Deposit - Uranovy prieksum, 1996

Slovak Uranium(i) Molybdenum Tonnes Uranium Molybdenum
Z-3 Category U3O8 % % lbs U3O8 lbs Metal
Block A 0.541 0.38 1,150,000 13,720,000 9,630,000
Block B 0.221 0.38 1,080,000 5,250,000 9,050,000
TOTAL 0.386 0.38 2,230,000 18,970,000 18,680,000
Not NI 43-101 compliant resources - investors are cautioned not to
rely upon this estimate
(i)Uranium metal grades converted to uranium oxide grades (U3O8)
using a factor of 1.17

The historic Jahodna uranium-molybdenum resource block is a 500-metre long (along strike) by 500-metre across (down-dip) tabular body that averages 2.56 metres thick. The tabular deposit strikes northwest and dips from 60 degrees southwest near the top of the body to 47 degrees southwest at depth. The historic Jahodna uranium-molybdenum resource was estimated with a block model method using a cutoff grade of 0.03% for the Block A estimate and a range of cutoff grades from 0.03% to 0.015% for the Block B estimate. Several historic metallurgical tests produced reported recoveries of 88% to 90% uranium and 93% to 94% molybdenum.

Tournigan has reviewed the Jahodna historical resource estimate and views it as relevant. The historic exploitation of Slovak uranium deposits in general and metallurgical test records acquired with the Jahodna deposit in particular suggests the reliability of the historical resource estimates. Until the independent NI 43-101 - compliant technical report is completed, however, classification of the resources can not be considered verified or categorized according to the Standards on Mineral Resources and Reserves Definitions by the Canadian Institute of Mining, Metallurgical and Petroleum. The Slovak category of Z-3 is roughly analogous to the CIM definition for Inferred Resources.

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


"James Walchuck"

James Walchuck, President and CEO

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.

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