Tenajon Resources Corp.

Tenajon Resources Corp.

June 05, 2007 08:30 ET

Burn Molybdenum Property Work Program Commences

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that the exploration program for its 100% owned Burn Property has commenced. The Burn Property is an under explored molybdenum project with significant historic drill intercepts supported by strong soil geochemistry and geophysical survey data. The Company has begun a program of geological and geophysical field work which will be followed by a late summer drill program. The purpose of this year's work is to evaluate the potential of the Burn Property to host a significant porphyry style molybdenum deposit.

The Burn Property, located 14 kilometers north of Hazelton, British Columbia, has excellent nearby infrastructure. There is a railhead at Hazelton, power passes to within a kilometer of the property boundaries and the property is easily accessible via gravel roads.

Limited exploration was completed on the Burn Property between 1973 and 1980 by Noranda Mines Ltd. and Amoco Canada Petroleum Company Limited. The work included geochemical and geophysical surveying and the completion of six diamond drill holes. No work has been undertaken on the property since 1980.

Two zones of molybdenite mineralization, West and East have been identified. At both zones molybdenite occurs in quartz vein stockwork, along fracture faces, and as disseminations in both the intrusive and surrounding altered sediments.

At the West Zone, molybdenite occurs in outcrop over a 300 metre by 1000 metre area. Overlying the zone is a 1000 metre wide by 600 metre long greater than 30 ppm molybdenum in soil anomaly. Of the 25 sites comprising the anomaly, 13 assayed greater than 120 ppm molybdenum with the maximum value being 1100 ppm. In addition, a 1978 geophysical survey outlined a high resistivity core peripheral to which are a series of chargeability anomalies coinciding in part with the observed mineralization.

Six holes were drilled in 1979 and 1980 by previous operators to test the West Zone. Tenajon has only been able to retrieve the data for Hole #6 which was located at the north end of the zone. The hole intersected anomalous molybdenum throughout its entire 606 metre length with individual samples assaying up to 0.558% Mo over 3 metres. Significant results are summarized below.

From To Interval
Hole (metres) (metres) (metres) Mo (%) MoS2 (%)
80-6 30 144 114 0.053 0.089
Incl. 51 72 21 0.132 0.220
201 219 18 0.052 0.086
Incl. 207 213 6 0.090 0.150

Soil sampling at the East Zone outlined a 1000 metre long by up to 400 metre wide soil anomaly using the 30 ppm molybdenum contour, with values up to a maximum of 132 ppm molybdenum. No geophysical surveying or drilling has ever been completed on the East Zone.

The work at the Burn Property shows it has the potential to host a sizeable molybdenum deposit. In order to better define drill targets geophysical surveying and further mapping and sampling are to be completed. The linecutting will be completed by CJL Enterprises while the geophysical surveying will be undertaken by Scott Geophysics. The drill contract has been awarded to Titan Drilling. Linecutting will commence immediately to be followed by the geophysical surveying. Drilling will be undertaken later in the summer.

Dave Visagie, P. Geo., Northair Group Exploration Manager, is the Qualified Person as defined by NI 43-101 for the Burn Property.

On Behalf of the Board of Directors


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
    (604) 687-7545 or Toll Free: 1-888-338-2200
    (604) 689-5041 (FAX)
    Email: info@northair.com
    Website: www.tenajon.com