SENATOR MINERALS INC
NEWS RELEASE
8 July 2008
TSX-V: SNR
Frankfurt: T1K
SNR # 2008-8
"Update: Taurus Cu-Mo-Au Property, AK"
Senator Minerals Inc ("Senator" or "the Company") reports that it has received an updated technical report on the Company�s 100% owned Taurus property in southeastern Alaska. This report includes the results of independent check sampling carried out in 2007.
Nine selected core intervals were taken from the core racks in order to prepare check samples of the 1996 drilling results. Every second piece of core split in 1996 was taken from the duly noted and labeled core intervals in order to provide a representative sample. Check sampling assay results match well with 1996 reported results.
2007 Assay Results
Hole
Intersection (feet)
Intersection (meters)
Assay results
from
to
interval
from
to
interval
Copper %
Moly %
Gold g/t
T96-30 232
241
9
70.7
73.5
2.7
0.41
0.081
0.08
241
250
9
73.5
76.2
2.7
0.54
0.038
0.085
454
463
9
138.4
141.1
2.7
0.30
0.03
0.11
T96-31 232
241
9
70.7
73.5
2.7
0.26
0.022
0.065
241
249
8
73.5
75.9
2.4
0.36
0.011
0.09
249
258
9
75.9
78.6
2.7
0.23
0.017
0.095
T96-37 360
369
9
109.7
112.5
2.7
0.17
0.016
0.11
Although the Taurus has been the subject of surface exploration and at least seven drilling programs between 1971 and 1996, the property is large and remains relatively unexplored.
- A zone of anomalous IP chargeability at an inferred depth of approx 500 feet covers a total area of approximately 10 square kilometers, with some coincident copper-in-soil and molybdenum-in-soil anomalies;
- Hole 75-1, drilled vertically to 908 feet, had results of 0.401% copper and 0.039% molybdenum from the last 83 feet, and terminated in mineralization grading 0.55% copper;
- Hole ET-2, drilled vertically to 950 feet, intersected gold mineralization with an average grade of .6 grams/t over 553 feet;
- Holes 75-1, ET-1, and ET-2 were not assayed for gold originally, but in 1990 six samples of salvaged core assayed from .027 to 1.83 ounces per ton.
� Other significant results include:
~ 458 feet of 0.29% copper, 0.045% molybdenum and 0.11 g/t gold in T96-30;
~ 348 feet of 0.30% copper, 0.044% molybdenum and 0.19 g/t gold in T96-32;
~ 420 feet of 0.204% copper, 0.031% molybdenum and 0.077 g/t gold in T96-37.
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Senator Minerals Inc is a TSX-V-listed junior exploration company with a diverse portfolio of property interests in North America.
Senator has a 100% interest in the Taurus copper-moly-gold deposit in southeastern Alaska, one 50% lease option interest in a bentonite target and a Midas-style gold-silver target near Midas, NV, four 100% lease option interests in highly prospective Midas-style gold-silver targets in the Northern Nevada Rifts area, a 100% interest in two gold prospects in Nevada�s Cortez Hills area, a 100% option interest in the Geikie River uranium target in the eastern Athabasca Basin, Saskatchewan, and an option to earn a 100% interest in the M�kinac property in Qu�bec.
Senator holds 1% NSR�s on the Rosebud gold-silver prospect in northwestern Arizona and on both the Okey and Key high grade copper prospects in northeastern British Columbia.
This News Release has been reviewed and approved by Richard Redfern, CPG, a Qualified Person under NI 43-101. This News Release was prepared on behalf of the Senator Board of Directors, which accepts full responsibility for its contents.
ON BEHALF OF THE BOARD
"Donald A (Tony) Simon"
Donald A (Tony ) Simon, BComm,CA
President
FOR FURTHER INFORMATION, PLEASE CONTACT:
Senator Minerals Inc #1018 - 475 Howe Street, Vancouver, BC Canada V6C 2B3
Tel: 604-904-1330 E-Mail: contact@senatorinc.com Web site: www.Senatorinc.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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Senator Minerals Inc.
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EXPLORATION STAGE |
CODE : SNR.V |
ISIN : CA8168812052 |
CUSIP : 816881 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Senator Minerals is a copper and gold exploration company based in Canada. Senator Minerals holds various exploration projects in USA. Its main exploration properties are TAURUS, DOME, IVANHOE CREEK, CORTEZ SOUTH, GOLD VALLEY and RIMROCK in USA. Senator Minerals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.5 millions as of today (US$ 1.9 millions, € 1.7 millions). Its stock quote reached its highest recent level on May 12, 2006 at CA$ 6.93, and its lowest recent point on November 14, 2014 at CA$ 0.02. Senator Minerals has 33 470 601 shares outstanding. |