Posted by on 15 Oct 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Uranium mining company is happy with results

Uranium exploration company Tournigan Energy, which focuses on Eastern Europe, confirmed today that it’s drilling efforts at the Kuriskova deposit in Slovakia have come up to expectations.

The company drilled 12 bores at a depth of 2,500 metres, by which it wanted to expand the volume of uranium sources in its Zone 45 campaign, reports proactiveinvestors.com.

“The program has been successful in showing a substantial increase in the extent of Zone 45 uranium mineralization,” the company said in a statement . The company was talking about more than doubling the strike length of Zone 45 to 165 meters.

The Kuriskova deposit already hosts a 43-101 compliant indicated resource of 1.6 million tonnes at 0.571% U3O8 and inferred resource of 3.5 million tonnes at 0.228% U3O8. The total resource is approximately 500,000 pounds of uranium at an average grade of 0.677% U3O8 in Zone 45, while the 12 drill holes reported on today are not even included in the current resource estimate.

Drilling has now moved to test extensions of the Kuriskova Main Zone.

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