Tenajon Resources Corp.

Published : February 29th, 2008

Commences Mobilization of 2008 Drilling Program for the Moly Brook Molybdenu

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Keywords :   Canada | Diamond | K Street | Molybdenum | Volatility | Water |


A NORTHAIR GROUP COMPANY

SUITE 860 - 625 HOWE STREET ? VANCOUVER, BC  ? V6C 2T6  CANADA ? TEL: (604) 687-7545  FAX: (604) 689-5041

PRESS RELEASE

FOR IMMEDIATE RELEASE

February 29, 2008                                                                                                                  #08-06                       

Tenajon Commences Mobilization of 2008 Drilling Program for the Moly Brook Molybdenum Project, Newfoundland

Significant Two-Drill Program to Delineate and Expand Existing Deposit

 

Tenajon Resources Corp. (TSX-V: TJS) (the ?Company?) is pleased to announce that it has begun mobilization of equipment to allow drilling to commence early this spring on its Moly Brook molybdenum property.  The two-drill program will consist of a minimum of 6,100 metres of Diamond drilling with the objectives of delineating the area of known mineralization, along strike and down dip of the currently defined Moly Brook Zone (the ?zone?).  The 2007 exploration program yielded significant success and showed that Moly Brook has the potential to host a significant bulk tonnage open pitable molybdenum deposit.  The Moly Brook property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord.

 

Tenajon acquired the Moly Brook property in April 2007 and, in November of last year, completed a very successful 12 hole drill program totaling 3,633 metres in length.  2007 drilling encountered consistent, near surface, higher grade molybdenum intercepts over significant widths.  The program extended the Moly Brook Zone to the north of the Moly Brook fault, as well as to the south of historical drilling carried out by Royal Oak Mines Inc. in the mid 1990?s.  Based on drilling to date, the zone has a strike length of approximately 750 metres and is open along strike and dip.  Width is variable to 400 metres with the ultimate width of the zone not determined as several of the holes ended in significant mineralization. Significant historical drill results on trend, approximately 2km to the south of the Moly Brook Zone, further highlight the size potential of this deposit. 

 

?Based on a very encouraging 2007 drill program, a significant multi-drill follow up program is warranted in order to quickly delineate the extent of the mineralized zone at Moly Brook,? said Bruce McLeod, President & CEO of Tenajon.  ?In addition to encountering several higher grade molybdenum intersections with very little overburden, we are particularly encouraged by the size potential of the Moly Brook deposit.?   Exploration by previous operators and company personnel has shown a 1.8 km long trend of molybdenum mineralization to extend southwards from the Moly Brook Zone. In 1964, Buchans Mining completed two short packsack, small diameter drill holes at the south end of the trend.  Both holes intersected anomalous molybdenum values with one of the holes averaging 0.057% Mo (0.095% MoS2) over its entire length of 27.53 metres.    The last 7.61 metres of the hole averaged 0.118% Mo (0.197% MoS2).  The Buchans drilling was completed before the implementation of NI 43-101 and  Tenajon has no way of verifying the results    In addition grab samples of molybdenum bearing veins located approximately 1100 metres to the south of the zone returned values of up to 0.297% Mo.  Some of these targets will be followed up on in the 2008 drill program.  Highlights of the 2007 drill program are below while complete results are attached at the end of this press release.

 

Hole

From
(metres)

To
(metres)

Interval (metres)

Mo
(%)

MoS2
(%)

MB 07-3

107.90

315.16

207.26

0.084

0.140

Incl.

132.28

244.15

111.87

0.108

0.180

or

150.57

217.63

67.06

0.138

0.230

 

 

 

 

 

 

MB 2007-4

14.02

392.35

378.33

0.078

0.130

Incl.

14.02

35.36

21.34

0.100

0.167

 

53.64

84.12

30.48

0.081

0.135

 

87.12

108.51

21.39

0.100

0.167

or

53.64

108.51

54.87

0.085

0.142

 and

148.13

211.84

63.71

0.122

0.203

 and

248.72

276.15

27.43

0.091

0.152

 and

336.50

392.35

55.85

0.091

0.152

 

 

 

 

 

 

MB 2007-8

30.78

304.80

274.02

0.085

0.142

Incl.

80.47

91.14

10.67

0.142

0.237

 

110.95

120.09

9.14

0.177

0.295

or

74.37

291.39

217.02

0.097

0.162

Incl.

182.88

291.39

108.51

0.125

0.208

 

 

 

 

 

 

MB07-09

165.48

265.48

100.48

0.055

 0.092

Incl.

195.35

231.95

36.60

0.087

 0.145

 

295.05

311.20

13.11

0.051

 0.083

 

At the Moly Brook Property molybdenite occurs primarily along the rims of a series of north trending, subvertical sheeted veins and fracture faces over an up to 450 x 1,100 metre area.  On occasion quartz vein stockwork is formed with molybdenite occurring in all of the vein orientations.  Molybdenite also occurs as disseminations within the intrusion.  Up to 3% combined pyrite and chalcopyrite are commonly associated the molybdenite.

 

A surface route has been established which has allowed a dozer and excavator to travel from Grey River to the Moly Brook property so that drilling will be able to proceed using tracked equipment to move the drills.  A camp is being established and drilling is scheduled to commence in early April.

 

The work at Moly Brook was completed by Geoscott Consultants under the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101. 

 

At Moly Brook, drill core was sawn into halves with one half being sent for analysis and the other kept for future reference.  All samples were prepared at Eastern Analytical using a 600 gram split with the resultant pulp being analyzed at Acme Analytical Labs using a 4 acid digestion with analysis by Induced Couple Plasma (ICP).  A stringent program of check, blank and duplicate sampling was employed throughout with duplicates standards and blanks being entered into the sample stream at regular intervals. 

 

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

Per:  D. Bruce McLeod

                                               

D. Bruce McLeod, President

 

FOR MORE INFORMATION CONTACT THE COMPANY AT 1-604-687-7545 or Toll Free 1-888-338-2200

Internet:  www.tenajon.com   Email:  info@northair.com _________________________________________________________________________________________________________________________________________________

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results.   See the Company?s filings for a more detailed discussion of factors that may impact expected results.


2007 Moly Brook Drill Results

To accompany Tenajon Resources News Release Dated February 29, 2008

 

 

Hole

From
(metres)

To
(metres)

Interval (metres)

Mo
(%)

MoS2
(%)

MB 07-1

4.27

7.32

3.05

0.037

0.062

and

46.93

62.17

15.24

0.029

0.048

and

119.48

123.13

3.65

0.048

0.080

 

 

 

 

 

 

MB 07-2

18.89

391.97

373.08

0.066

0.110

Incl.

18.89

40.23

21.34

0.134

0.227

and

226.16

335.89

109.73

0.097

0.162

or

182.58

391.97

209.39

0.077

0.128

 

 

 

 

 

 

MB 07-3

107.90

315.16

207.26

0.084

0.140

Incl.

132.28

244.15

111.87

0.108

0.180

or

150.57

217.63

67.06

0.138

0.230

 

 

 

 

 

 

MB 2007-4

14.02

392.35

378.33

0.078

0.130

Incl.

14.02

35.36

21.34

0.100

0.167

 

53.64

84.12

30.48

0.081

0.135

 

87.12

108.51

21.39

0.100

0.167

or

53.64

108.51

54.87

0.085

0.142

 and

148.13

211.84

63.71

0.122

0.203

 and

248.72

276.15

27.43

0.091

0.152

 and

336.50

392.35

55.85

0.091

0.152

 

 

 

 

 

 

MB 2007-5

31.39

317.91

286.52

0.074

0.123

Incl.

31.39

37.49

6.10

0.137

0.228

 and

55.78

83.21

27.43

0.095

0.158

or

31.39

83.21

51.82

0.081

0.135

 and

128.93

152.10

23.17

0.099

0.165

 

208.18

317.91

109.73

0.085

0.142

Incl.

238.65

272.19

33.54

0.106

0.177

and

296.57

317.91

21.34

0.088

0.147

 

 

 

 

 

 

MB 2007-6

196.90

218.26

21.36

0.071

0.118

 

242.62

260.91

18.29

0.091

0.152

 

285.29

300.52

15.23

0.050

0.083

 or

196.90

300.58

103.68

0.046

0.077

 

 

 

 

 

 

MB 2007-7

81.07

101.94

20.87

0.064

0.107

 

131.97

145.08

13.11

0.055

0.092

 

190.80

206.96

16.16

0.056

0.093

 

255.42

283.77

28.35

0.038

0.063

Incl. 

280.11

283.77

3.66

0.124

0.207

 

 

 

 

 

 

MB 2007-8

30.78

304.80

274.02

0.085

0.142

Incl.

80.47

91.14

10.67

0.142

0.237

 

110.95

120.09

9.14

0.177

0.295

or

74.37

291.39

217.02

0.097

0.162

Incl.

182.88

291.39

108.51

0.125

0.208

 

 

 

 

 

 

MB07-09

165.48

265.48

100.48

0.055

 0.092

Incl.

195.35

231.95

36.60

0.087

 0.145

 

295.05

311.20

13.11

0.051

 0.083

 

 

 

 

 

 

MB07-10

No Significant Results

 

 

 

 

 

 

MB07-11

205.74

227.08

21.34

0.054

 0.090

 

 

 

 

 

 

MB07-12

206.09

242.62

36.58

0.055

 0.092

Incl.

209.09

220.37

11.28

0.104

 0.173

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Tenajon Resources Corp.

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CODE : TJS.V
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Tenajon Res. is a gold and silver exploration company based in Canada.

Tenajon Res. holds various exploration projects in Canada.

Its main exploration properties are SUMMIT LAKE MINE, KANSAS CLAIMS, SILVER COIN, AJAX, MOLY BROOK, SUMMIT LAKE, STAR (LUPIN JV) and KANSAS in Canada.

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Project news of Tenajon Resources Corp.
9/15/2008(Moly Brook)Announces High Grade Drill Results from Moly Brook, Newfound...
7/8/2008(Moly Brook)Announces High grade Near Surface Results From Moly Brook, N...
3/26/2008(Burn) Intersects Anomalous Molybdenum Values Over 150m Strike Len...
2/29/2008(Moly Brook)Commences Mobilization of 2008 Drilling Program for the Moly...
2/21/2008(Moly Brook) Intersects 36.6 metres averaging 0.087% Molybdenum at Moly ...
2/5/2008(Ajax) Announces Drilling On Ajax Continues to Intersect Near Sur...
Corporate news of Tenajon Resources Corp.
8/26/2009Closing of Business Combination
6/29/2009Creston Moly Signs Definitive Agreement to Acquire Tenajon R...
5/27/2009Business Combination with Tenajon Resources Corp.
6/12/2008Closes Gold Asset Sale to Kansas PartnerThread-Topic: Tenajo...
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