Novoveska Huta

Novoveska Huta Uranium Deposit - Slovak Republic - 100% interest in licenses

At the western end of the Carpathian uranium belt, approximately 65 kilometres west of Kuriskova, is the Novoveska Huta deposit. The deposit was a historical uranium producer with an open pit and underground workings. A historic resource, from drilling completed between 1975 and 1985 reported the following:

Novoveska Huta Historical Uranium Deposit (Uranpres, DANIEL J. et al., 1986) Slovak P & Z-3 Resource Category⁽¹⁾
Uranium⁽²⁾ U₃0₈%	Tonnes	Uranium lbs U₃0₈
0.075	12,000,000	19,970,000

Plan Map Showing Novoveska Huta drill locations, previous underground workings
and historical resources

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In 2008, Tournigan reported drill results from 13 diamond drill holes totaling 6,325 metres on the deposit. The holes, drilled to depths of between 200 to 785 metres, were designed to twin historical holes and explore the deposit to the east. Highlights of the downhole radiometric logging include:

Hole	From	To	Length	eU3O8%
LH-NH-4	494.2	501.8	7.6	0.399
including	494.3	497.3	3.0	0.791
LH-NH-13	287.4	326.1	38.7	0.132
including	289.9	294.4	4.5	0.241
including	296.9	305.3	8.4	0.220
LH-NH-11	605.3	618.5	13.2	0.158
including	605.3	614.3	9.0	0.194
including	609.6	611.7	2.1	0.299
LH-NH-12 I*	690.2	696.4	6.2	0.157
LH-NH-12 II*	755.8	779.8	24	0.106
including	755.8	773.4	17.6	0.131
LH-NH-8	359.9	371.1	11.2	0.107
including	362.4	366.3	3.9	0.201
LH-NH-1	360.3	365.2	4.9	0.115
LH-NH-1	374.9	380.5	5.6	0.161
LH-NH-9	386.1	395.4	9.3	0.103

* Two intersections of LH-NH-12 are from
the same ore body truncated by a fault

Details of the 13-hole program are listed in Appendix B or may be viewed from this link: http://www.tournigan.com/i/pdf/GammaAppendixB.pdf

Cross section of drill Hole LH-NH-4 with 7.6m @ 0.399% e U308 (uranium mineralization shown in red)

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Next Steps

In 2009, Tournigan plans to re-evaluate the geologic model of the deposit to determine whether there is potential to improve the grade from that of the historic resource.

Longitudinal Projection showing uranium mineralization in red

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