Tournigan Gold Corporation
Tournigan Gold Corp. part 3
Curraghinalt Drilling Results Prove Vein Extensions — Drilling to Continue
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Part 3 of 3
The Curraghinalt Trend
Surface mapping, outcrop sampling, geochemical soil sampling,
geophysical and deep overburden surveys have partially delineated an
approximately 8 kilometre by 1 kilometre west-northwest trending
corridor ( “Curraghinalt Trend”) of medium to high grade rock and
soil gold anomalies extending outwards from the Curraghinalt resource
to the northwest and southeast. Based on the existence of mineralized
vein extensions along and new veins across strike, abundant rock
samples with high grade gold assays and numerous clusters of strong
shallow and deep overburden gold soil anomalies Tournigan believes the
potential exists to increase the present resource tonnage approximately
four-fold within the area defined by an additional 1 kilometre along
and across strike from the present resource block. See NOTE above.
Structural Geological Work at Curraghinalt
A detailed structural analysis has been completed at Curraghinalt
utilizing historic drill, trench and underground mapping data as well
as data from detailed mapping in the underground workings at
Curraghinalt. Concepts regarding vein and ore shoot geometry and
kinematics are being correlated with district wide geology, satellite
imagery, geophysics and soil geochemistry to guide not only local
Curraghinalt exploration work but also regional exploration that is
aimed at the discovery of additional vein systems.
Glenlark Prospect
Seven diamond drill holes totaling 730 metres were drilled by Tournigan
on geochemical and IP geophysical targets on the Glenlark gold-base
metal “sedex” prospect located 6 kilometres from Curraghinalt.
Although results were disappointing they did verify previous drill
intercepts of Au-Ag-Cu-Zn-Pb stratabound and discordant sulfide
mineralization; the best intersection was 2.86 g/t gold and 8.33 g/t
silver over 2.9 metres.
New Licences
Tournigan can acquire up to a 100% interest in prospecting licenses
owned by Strongbow Resources Inc. which cover an area of 346 square
kilometres on which the Curraghinalt property is located. In addition,
widespread gold occurrences have been documented nearby from regional
stream sediment surveys conducted by the Northern Ireland Geological
Survey. Consequently Tournigan has applied for five additional
Northern Ireland prospecting licenses covering an area of 1,055 square
kilometres.
Other Matters
Tournigan has issued 400,000 stock options to directors, employees and
consultants pursuant to Tournigan’s stock option plan previously
approved by shareholders and the TSX Venture Exchange.
Tournigan’s Quality Assurance/Quality Control Program
Tournigan has implemented a Quality Assurance/Quality Control (QA/QC)
program as part of all geochemical sampling, sample shipping and sample
analysis procedures, for drilling, rock sampling, and soil and stream
sediment sampling programs. QA/QC procedures include chain-of-custody
protocol and systematic submittal of blank samples and duplicate
samples.
TOURNIGAN GOLD CORPORATION
“Michael Hopley”
Michael Hopley, Chief Operating Officer and Director
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.
For further information please contact:
Damien Reynolds, President
Tel: (604) 683-8320
Garry Stock, Executive VP
Tel: (604) 683-8320
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Copyright (c) 2003 TOURNIGAN GOLD CORPORATION (TSXV-TVC) All rights
reserved. For more information visit our website at
http://www.tournigan.com/ or send mailto:info@tournigan.com
end of message, (c)DGAP 01.10.2003
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WKN: 898464; ISIN: CA8915651035; Index:
Listed: Freiverkehr in Berlin-Bremen und Frankfurt
011046 Okt 03
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