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Tenajon Resources Corp.

Publié le 08 juillet 2008

Announces High grade Near Surface Results From Moly Brook, Newfoundland

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Mots clés associés :   Canada | K Street |

 
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

July 8, 2008                                                                                                                             #08-17           

 

Tenajon announces High grade Near Surface Results From Moly Brook, Newfoundland

Results Include 213.47 Metres Averaging 0.100% Molybdenum

 

Tenajon Resources Corp (TSX-V:TJS) (the ?Company? or ?Tenajon?) today announced that it has received the results for Holes MB-08-15 to MB-08-19 and the remainder of Hole MB-08-14 from it?s Moly Brook Molybdenum Property, located on the south coast of Newfoundland. 

 

Holes MB-08-15 to MB-08-19 were part of an initial 6100 metre Phase 1 drill program designed to test the along strike and dip extensions of the molybdenum mineralization outside of the central core of molybdenum mineralization previously identified.  Due to the favorable results in the Phase 1 drill program the, Company has commenced and is currently completing a 3050 metre Phase 2 drill program.

 

Holes MB-08-15, MB-08-17 and MB-08-19 were drilled to define the western limits of the Moly Brook Zone. Holes MB-08-14, MB-08-16 and MB-08-18 were completed to test the eastern third of the zone at depths of up to 300 metres below surface.  All of the holes intersected widespread molybdenum values.

 

Hole MB-08-15 intersected a 360.37 metre section, commencing from surface, averaging 0.074% molybdenum.  Within the intercept there is a 213.47 metre high grade section averaging 0.100% molybdenum, which correlates with a 222.50 metre intercept averaging 0.076% molybdenum located in Hole MB-08-13, 80 metres to the south.  Hole MB-08-17, drilled to test the continuity of the high grade intercept in Hole MB-08-15, 80 to 130 metres up dip, intersected a 109.76 metre section averaging 0.054% molybdenum.  Within the intercept, there are high grade sections of 15.25 and 18.3 metres respectively averaging 0.091% and 0.100% molybdenum.  Hole MB-08-19, located 80 metres north of Hole MB-08-17 was drilled to test the along strike extension of the mineralization observed in Hole MB-08-17 and the up dip extension to the western half of Hole MB-07-2 (205metres averaging 0.078% molybdenum).  Anomalous molybdenum values were encountered throughout the length of the hole, with the hole intersecting a 286.51 metre section averaging 0.044% molybdenum.  Within the hole there are higher grade intercepts including a 67.05 metre section averaging 0.071% molybdenum that correlates well with a high grade intercept of 109.73 metres averaging 0.097% molybdenum located in hole MB 07-02.

 

?The Moly Brook property continues to deliver high grade, near surface results from this year?s drill program,? said Bruce McLeod, President & CEO of Tenajon.   Mr. McLeod adds, ?We have consistently seen wide intercepts of near surface molybdenum mineralization over a broad area.  The Moly Brook deposit is demonstrating all the key ingredients of a potential bulk tonnage and open pittable deposit.?

 

Hole MB-08-16 and MB-08-19 respectively tested at depth the eastern third of the Moly Brook Zone 100 and 180 metres along strike from Hole MB-08-14.  Hole MB-08-14 intersected a 262.22 metre intercept averaging 0.074% molybdenum including a 76.49 metre high grade intercept averaging 0.131% molybdenum.  Both holes intersected extensive zones of anomalous values up to 300 metres below surface.  Hole MB-08-18 intersected a 246.98 metre section averaging 0.048% molybdenum.  Within the intercept there are higher grade intersections including a 57.9 metre section averaging 0.061% molybdenum.  Hole MB-08-16 intersected sections of 54.88 and 60.97 metres respectively averaging 0.065% and 0.053% molybdenum at depths of up to 300 metres below surface.  The results for Holes MB-08-13 to MB-08-19 along with that from Hole MB-08-14 are reported at the end of this press release.  For current drill hole locations along with detailed cross sections please view the accompanying maps:

http://www.tenajon.com/i/maps/MolyBrook/2008-07-08DHLocationMap.jpg

http://www.tenajon.com/i/maps/MolyBrook/2008-07-08Section.jpg

 

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.  The community is serviced daily by provincial ferries.  For the duration of the program the crew is operating out of a recently established 25 person camp, centrally located on the property.  Drill moves are completed using tracked equipment.

 

The Moly Brook Zone is located at the north end of a 2.5 km long trend of sheeted quartz veining, stockwork and fracturing in which molybdenum occurs.  At the Moly Brook Zone drilling has intersected molybdenum within sheeted quartz veins, in quartz vein stockwork and along fracture faces.  Drilling has traced the zone along strike for 750 metres depths to over 300 metres below surface.  The zone is open to the north and south.  Assuming a general sub vertical orientation to the zone the width is variable to 500 metres.

 

The drill program at Moly Brook is being 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 is sawn into halves with on half being sent for analysis and the other kept for future reference.  All samples are prepared at Accurassay Labs? prep facility in Gambo, Newfoundland using a 600 gram split with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario using a 4 acid digestion with analysis by Induced Couple Polarization (ICP).  A stringent program of check, blank and duplicate sampling is employed.

 

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

 

Per:  D. Bruce McLeod

                                               

D. Bruce McLeod, President

 

Investor Contacts:

Bruce McLeod 604-687-7545 or Chris Curran 604-687-7545

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

Cautionary Statement Regarding Forward-Looking Information

 

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements.  Forward-looking statements are often, but not always, identified by the use of words such as ?seek?, ?anticipate?, ?believe?, ?plan?, ?estimate?, ?expect? and ?intend? and statements that an event or result ?may?, ?will?, ?should?, ?could? or ?might? occur or be achieved and other similar expressions.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.

Forward looking statements are based on estimates and opinions of management at the date the statements are made.  The Company does not undertake any obligation to update forward-looking statements even if circumstances or management?s estimates or opinions should change.  Investors should not place undue reliance on forward-looking statements.

Table of Results for Moly Brook Property Holes MB-08-13 to MB-08-19

 

HOLE

 

Length

(m)

From

(m)

To

(m)

Interval

(m)

Mo

(m)

MoS2

(m)

MB-08-13

410.67

1.53

410.67

409.14

0.061

0.102

 

or

108.81

349.6

240.79

0.074

0.123

 

inc

127.15

157.58

30.48

0.119

0.198

 

inc

215.49

270.43

54.94

0.094

0.157

 

inc

307.01

322.17

15.16

0.092

0.153

 

inc

340.64

349.6

8.61

0.099

0.165

 

 

386.28

404.57

18.29

0.071

0.118

 

 

 

 

 

 

 

MB-08-14

401.4

87.48

349

262.22

0.069

0.115

 

inc

87.43

114.91

27.43

0.073

0.122

 

or

200.03

337.5

137.47

0.092

0.153

 

inc

200.03

276.52

76.52

0.131

0.218

 

and

316.16

337.5

21.34

0.08

0.133

 

 

 

 

 

 

 

MB-08-15

 

1.5

361.89

360.37

0.074

0.123

 

 

130.18

343.6

213.47

0.1

0.167

 

or

151.52

239.94

88.42

0.118

0.197

 

and

291.77

343.6

51.83

0.107

0.178

 

 

 

 

 

 

 

MB-08-16

 

215.55

276.52

60.97

0.053

0.088

 

 

355.79

438.11

82.32

0.052

0.087

 

inc

377.13

432.01

54.88

0.065

0.108

 

or

377.13

386.28

9.15

0.156

0.26

 

and

419.82

432.01

12.4

0.07

0.117

 

 

 

 

 

 

 

MB-08-17

 

72.56

182.32

109.76

0.054

0.09

 

or

96.95

182.32

85.47

0.062

0.103

 

inc

96.95

112.2

15.25

0.092

0.153

 

and

139.63

182.32

42.59

0.074

0.123

 

inc

139.63

157.93

18.3

0.1

0.167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MB-08-18

 

133.2

380.18

246.98

0.049

0.082

 

inc

133.2

188.06

48.75

0.065

0.108

 

 

212.45

264.33

51.88

0.056

0.093

 

 

313.11

331.4

18.39

0.063

0.105

 

 

355.79

380.18

24.4

0.065

0.108

 

 

 

 

 

 

 

MB-08-19

 

81.99

368.5

286.5

0.044

0.073

 

inc

109.43

176.48

87.05

0.071

0.118

 

or

109.43

124.66

15.23

0.1

0.167

 

 

161.24

176.48

15.23

0.099

0.165

 

 

280.11

301.45

21.34

0.065

0.108

 

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Tenajon Resources Corp.

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CODE : TJS.V
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Tenajon Res. est une société d’exploration minière d'or et d'argent basée au Canada.

Tenajon Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SUMMIT LAKE MINE, KANSAS CLAIMS, SILVER COIN, AJAX, MOLY BROOK, SUMMIT LAKE, STAR (LUPIN JV) et KANSAS au Canada.

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Projets de Tenajon Resources Corp.
15/09/2008(Moly Brook)Announces High Grade Drill Results from Moly Brook, Newfound...
08/07/2008(Moly Brook)Announces High grade Near Surface Results From Moly Brook, N...
26/03/2008(Burn) Intersects Anomalous Molybdenum Values Over 150m Strike Len...
29/02/2008(Moly Brook)Commences Mobilization of 2008 Drilling Program for the Moly...
21/02/2008(Moly Brook) Intersects 36.6 metres averaging 0.087% Molybdenum at Moly ...
05/02/2008(Ajax) Announces Drilling On Ajax Continues to Intersect Near Sur...
Communiqués de Presse de Tenajon Resources Corp.
26/08/2009Closing of Business Combination
29/06/2009Creston Moly Signs Definitive Agreement to Acquire Tenajon R...
27/05/2009Business Combination with Tenajon Resources Corp.
12/06/2008Closes Gold Asset Sale to Kansas PartnerThread-Topic: Tenajo...
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