Senator Minerals Inc.

Published : January 16th, 2010

Taurus Drilling Results and Resource Calculation

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Keywords :   Canada | Coal | Copper | Gold | K Street | Molybdenum | Senator | Silver |
SENATOR MINERALS INC
 
NEWS RELEASE
15 January 2010                                            
TSX-V: SNR
Frankfurt: T1K
SNR # 2010-01
 "Taurus Drilling Results and Resource Calculation"

 
Senator Minerals Inc ("Senator" or "the Company") announces that it has received an updated independent Technical Report Edward Harrington of from Reliance Geological Services giving results of the 2008 drill program on the Taurus property, southeastern Alaska and, for the first time, calculating an inferred resource.
 
The following information quotes directly from the Technical Report:
 
"In 2008, Senator carried out a core drilling program on the Taurus property consisting of three vertical NQ2-size holes totaling 3,179 feet (969 meters). 
T08-40 was located to test to the north, and up-slope, of previous East Taurus drilling, while T08-41 and T08-42 were designed to test to the west and east respectively.  Holes were placed within 600� of previously drilled holes in order to qualify all holes for resource development calculations. 
All three holes returned significant mineralized intervals:
  • T08-40: 116 feet grading 0.186% copper, 0.038% moly, 0.33 g/t gold and
  • 772 feet grading 0.309% copper, 0.036% moly, 0.245 g/t gold;
  • T08-41: 179 feet grading 0.258% copper, 0.021% moly, 0.149 g/t gold; and
  • T08-42: 57 feet grading 0.232% copper, 0.004% moly, 0.015 gold.
An inferred mineral resource at Taurus is estimated at 75,268,894 million tons grading 0.275% copper, 0.032% molybdenum, and 0.166 g/t gold.  The estimated inferred resource would contain 414 million pounds of copper, 48 million pounds of molybdenum, and 401,000 ounces of gold.
 
In order to calculate this inferred resource, the following assumptions, parameters, and methods were used:
  • Results were used from ten �qualified holes� only, being those that were drilled vertically and had three holes within 600 feet.  Average distance between holes was 474 feet;
  • These ten holes averaged 824 feet in depth;
  • An area of influence with a radius of either 250 or 300 feet was centered on the qualified holes in order to best reduce voids;
  • Where areas of influence overlapped, the overlaps were subtracted from the total of the individual areas;
  • Where overlaps were considered too complex, area calculations were carried out using triangle geometry;
  • Once an area of influence was calculated for an individual drill hole, tonnage was calculated using drill-indicated intervals.  Tonnage is based on 168 pounds per cubic foot of rock;
  • Weighted averages were calculated using drill-indicated grades in order to arrive at a final inferred resource grade estimate. Cut-off grades of 0.1% Cu and 0.01% Mo and .1 g/t gold were used; and
  • Historical drill holes were included along with more recent drilling, but four of the historical holes had not been assayed for gold, so when an interval from an historical hole was used for copper and molybdenum, the gold value was assumed to be zero."
 The full Technical Report is available on the Company�s web site at: http://www.senatorinc.com/Properties/Taurus/TR-Jan10.pdf
 
 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 
Senator Minerals Inc is a TSX-V-listed junior exploration company with a diverse portfolio of property interests in North America, including a 100% interest in the Taurus copper-moly-gold deposit in southeastern Alaska, a 50% interest in a bentonite target near Midas, NV, and a 100% interest in 40,000+ hectares of coal prospecting permits in the Montreal Lake area, Saskatchewan.
 
Senator also 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.
 
Technical responsibility:
This news release has been reviewed and approved by the author of the Taurus Technical Report, Edward Harrington, PGeo and an independent Qualified Person, and by Richard Redfern, CPG, Qualified Person and a director of Senator Minerals Inc.

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
 
"D A 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: 604-662-8604    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.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Senator Minerals Inc.

EXPLORATION STAGE
CODE : SNR.V
ISIN : CA8168812052
CUSIP : 816881
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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.

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Financings of Senator Minerals Inc.
11/2/2009Warrants Re-priced and Term Extended
9/28/20076,500,000 unit private placement
6/6/20072,000,000 Unit Private Placement
5/22/2006$396,000 private placement
3/29/2006$360 000 private placement
Financials of Senator Minerals Inc.
12/31/2007 2007 Annual report
Project news of Senator Minerals Inc.
4/30/2013Fwd: Senator Minerals NR #2012-06
1/16/2010(Taurus)Taurus Drilling Results and Resource Calculation
12/31/2008(Geikie River)Geikie River Property Option Expired
7/29/2008(Taurus)Drill Program Commences on Taurus Cu-Mo-Au Property, Alaska
6/25/2007Options Uranium Target in Athabasca Basin, Saskatchewan
3/12/2007Drill Program for Ivanhoe Creek Property
6/6/2006(Hill End Project)Hill End project, NSW, Australia reward area drill results
5/24/2006TSX-V conditional approval of Hill End project
4/27/2006Earn-in option agreement on Hill End project, Australia
3/20/2006(Hill End Project)2006 Technical report
Corporate news of Senator Minerals Inc.
6/6/2009Update on Nevada Lease Options
2/27/2008Don Stevens, PhD, CPG, Appointed as Technical Advisor
2/27/2008Adam Travis Appointed as Technical Advisor
5/30/2007Additional Staking at Ivanhoe Creek, NV"
4/12/2006(Ivanhoe Creek)Ivanhoe Creek Property: Update on Kent exploration financing
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TSX-V (SNR.V)FRANKFURT (I1K.F)
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