Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

January 18, 2007 13:30 ET

Tenajon Resources Corp.: Drilling on Kansas Claim Continues to Intersect High-Grade Gold; Results Include 24.39m of 3.43gpt Gold Including 1.52m of 15.98gpt Gold

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 18, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS) is pleased to announce that it has been informed by Pinnacle Mines Ltd., and Mountain Boy Minerals Ltd. that assays have been received for an additional 13 holes from the 2006 exploration program. Drilling continues to intersect high-grade gold and silver values in the Main Breccia zone on the Kansas claim. Highlights include 24.39m of 3.43gpt gold including 1.52m of 15.98gpt gold. The Kansas claim is a gold-silver property located 24 kilometers north of Stewart, British Columbia in the Skeena Mining Division.

During the 2006 exploration season, 13,725 metres of drilling was completed in 69 holes on the Kansas claim. Work has indicated that the Main Breccia zone is open along strike to the south and north of 2006 drilling. The table below lists results from the most recent assays.



Kansas Claim Drill Results
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DDH From (m) To (m) Width (m) Au g/t Ag g/t
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2006-124 39.33 48.48 9.14 2.64 424.45
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and 115.55 118.60 3.05 1.12 4.5
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and 118.72 197.87 9.15 1.37 2.45
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2006-144 83.54 85.06 1.52 1.74 2.4
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and 94.97 95.88 0.91 4.8 32
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and 114.02 114.94 0.91 1.27 64.9
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2006-145 63.72 72.56 8.82 1.60 9.78
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and 106.40 126.37 19.92 1.65 3.96
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and 135.37 138.41 3.04 3.57 23.0
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2006-146 54.48 62.20 7.70 3.87 11.14
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including 56.10 57.62 1.52 11.14 21.6
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and 97.26 120.73 23.43 2.373 4.65
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including 103.25 104.88 1.52 9.29 10.3
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and 120.73 142.99 22.21 2.92 5.08
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including 126.22 127.74 3.04 11.84 12.8
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and 152.13 163.11 10.66 1.42 11.4
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2006-147 86.59 88.11 2.13 1.37 14.4
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and 106.40 117.84 11.44 1.64 4.60
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2006-148 86.59 89.63 3.05 4.48 7.65
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and 100.30 103.35 3.05 1.12 3.1
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and 110.98 114.02 3.05 2.92 6.1
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and 127.84 129.27 1.52 3.36 7.4
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2006-149 63.72 64.94 1.22 2.01 1.6
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and 78.05 88.41 10.36 1.60 34.12
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2006-179 102.74 108.84 6.1 2.30 4.52
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and 143.90 145.43 1.53 1.24 14.2
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and 150.15 160.67 10.52 1.86 18.33
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and 164.94 166.77 1.83 1.04 11.2
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2006-180 81.90 84.45 3.05 1.55 6.2
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and 99.70 145.73 46.03 1.46 2.77
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and 154.57 174.87 20.3 1.55 4.55
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and 182.01 185.06 3.05 1.4 5.0
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2006-181 84.45 90.55 6.1 1.98 4.38
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and 99.70 102.74 3.04 1.91 2.8
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2006-182 44.82 53.96 9.15 2.08 3.40
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and 75.30 76.83 1.53 1.33 5.90
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and 92.99 94.66 1.67 2.07 6.0
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and 107.32 108.84 1.52 1.41 1.60
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and 124.09 148.48 24.39 3.43 13.16
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Including 134.76 136.28 1.52 15.98 78.0
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including 139.33 140.85 1.52 10.99 13.0
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2006-183 53.96 57.01 3.05 1.05 2.1
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and 75.30 81.1 5.8 1.55 12.7
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and 99.7 103.96 4.26 3.06 12.2
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and 121.04 141.77 20.73 1.21 5.02
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Prior to this year's drilling program, MineFill Services of Seattle, WA completed a resource calculation on Silver Coin in compliance with CIMM (2000) Standards at zero cut-off which indicated a total inferred resource that contained an estimated 500,000 ounces of gold and 2.11 million ounces of silver. The inferred resource consists of 11.3 million tonnes grading 1.60 g/t gold and 6.64 g/t silver. Approximately 75% of the total inferred resource falls within the Kansas claim. The 2006 drill program was aimed at possibly doubling this resource. MineFill is expected to begin a revised resource calculation in late November with results expected to be available in the first quarter of 2007.

The Kansas claim is wholly owned by Tenajon Resources Corp. Pinnacle and Mountain Boy are earning a 60% interest through the expenditure of $1,000,000 on exploration over four years. The Companies can jointly earn a 70% interest in the Kansas claim by exercising an option to deliver a feasibility study within four years of earning the initial 60%.

E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the project operator. Drill core and trench samples are assayed by Assayers Canada of Vancouver, BC.

Tenajon is a Canadian based precious metal and molybdenum mineral exploration company with a focus in western Canada. In addition to the Kansas claim, Tenajon recently completed drill programs on its high-grade Summit Lake Gold Property near Stewart, B.C. and its bulk-tonnage Ajax Molybdenum Project near Alice Arm, B.C.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

D. Bruce McLeod, President

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.

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

Contact Information

  • Tenajon Resources Corp.
    D. Bruce McLeod
    President
    (604) 687-7545 or Toll Free: 1-888-338-2200
    (604) 689-5041 (FAX)
    Email: info@northair.com
    Website: www.tenajon.com