Tournigan Gold Corporation
Tournigan Gold Corp. part 2
Curraghinalt Drilling Results Prove Vein Extensions — Drilling to Continue
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Part 2 of 3
The previous operator of the property drilled several-widely spaced
diamond drill holes extending some 400 metres from the east end of the
resource block in the same general area as the recent Tournigan
drilling. Selected assay results are as follows:
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Drill Hole From – to Length Grams per
(metres) (metres) tonne gold Vein
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DDH#106-17 45.7 – 46.54 0.84 15.02 T-17
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*86.11 – 87.09 0.98 23.64 No. 1
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*Includes 86.11 – 86.59 0.48 46.84
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*113.04 – 113.89 0.85 16.28 106-16
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*Includes 113.04 – 113.33 0.29 46.69
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DDH#106-18 *67.56 – 68.74 1.18 16.38 No. 1
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*Includes 68.06 – 68.24 0.18 104.63
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DDH#106-19 *41.59 – 46.52 4.93 9.92 T-17
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*Includes 42.09 – 43.52 1.43 32.29
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” 42.09 – 42.25 0.16 225.85
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DDH#106-59 33.44 – 33.59 0.15 60.76 No name
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66.97 – 68.00 1.03 18.17
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DDH#106-63 23.10 – 23.80 0.70 25.30
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The combination of the Tournigan and historic drill results clearly
shows that at the T-17, No.1 and 106-16 veins continue at least 400
metres to the southeast. Because these drill holes are widely spaced
they are not necessarily representative of the true tenor of the vein
mineralization.
The resource previously estimated at Curraghinalt is 468,097 tonnes at
an average grade of 16.96 gram/tonne gold – equating to 255,000 ounces
of gold. This resource was calculated with a 6 gram/tonne cutoff using
a 1.25 metre minimum mining width over a strike length of approximately
1,000 metres. Based on Tournigan’s Phase 1 drilling results and
results from previous operators, Tournigan staff has estimated that
with further closely-spaced drilling to similar depths as previous
drilling, a 400 metre southeast extension of these three veins would
add approximately 150,000 – 250,000 tonnes to the present resource at a
estimated average grade of 13 – 21 grams/tonne gold. NOTE: These
estimates are conceptual in nature using the same parameters previously
used in resource estimates projected along the vein system. There is
currently insufficient data in these areas to define a mineral resource
and it is uncertain that further exploration will result in additional
resources.
These results are encouraging and consequently drilling will continue
at Curraghinalt. The new drilling will form part of the feasibility
study to bring Curraghinalt into production.
End of Part 2 of 3
end of message, (c)DGAP 01.10.2003
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WKN: 898464; ISIN: CA8915651035; Index:
Listed: Freiverkehr in Berlin-Bremen und Frankfurt
011045 Okt 03
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