Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

November 14, 2006 08:30 ET

Tenajon Completes 2006 Ajax Molybdenum Drill Program and Releases Initial Results

146.55m at 0.073% Mo, Including 39.4m at 0.095% Mo

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that it has completed the 2006 deep drilling program on its 100% owned Ajax Molybdenum Property located 13 km north of Alice Arm, BC. The Company has received complete analytical results for the first two diamond drill holes. Results include 146.55m at 0.073% Mo including 39.4m at 0.095% Mo in DDH06-03, showing the potential for continuous zones of higher grade mineralization.

The program was designed to expand the currently defined Inferred Mineral Resource of 345 million tonnes at 0.070% Mo (0.117% MoS2) to depth, and to test for higher grade mineralized zones along the flanks of the system. Results to date have shown that mineralization occurs over anticipated intervals and at grades comparable or better than that of our currently defined mineral resource. In addition, drilling successfully intersected the Ajax porphyry system and molybdenite mineralization, progressively deeper, down to 300 metres below historical drilling.

Drillhole DDH06-01 (the shallowest of this summer's drillholes) tested the system approximately 150m below historical drilling. The hole was stopped at 525.8m due to excessive deviation. The results are tabulated below.



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From To Length Mo%
Hole (m) (m) (m)
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DDH06-01 312.42 364.24 51.82 0.062
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including 333.4 352.04 18.64 0.081
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Drillhole DDH06-03 tested the deposit approximately 200m below historical drilling. This hole, together with holes DDH06-05 and DDH06-06, was drilled from a setup roughly 150m north of holes DDH06-01 and DDH06-04. DDH06-03 was drilled to the maximum depth capability of the drill and was stopped at 728.5m. The results are tabulated below.



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From To Length Mo%
Hole (m) (m) (m)
-----------------------------------------------------
DDH06-03 340.77 352.96 12.19 0.068
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and 418.7 511.67 92.97 0.065
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including 465.73 480.97 15.24 0.083
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and 523.4 669.95 146.55 0.073
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including 523.4 532.8 39.4 0.095
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Drillhole 06DDH04 and 06DDH05 tested the deposit roughly 250m below historic drilling. DDH06-06, the deepest hole drilled in the 2006 program, tested the deposit approximately 300 metres deeper than historic drilling. Complete results for these drillholes are pending.

Ali Shahkar, P. Eng., who is a Qualified Person as defined by NI 43-101, is supervising the Ajax Property exploration program. Drill core is sawn in half by company personnel and delivered to Acme Analytical Labs (in Vancouver) for assaying, using their 7TD package (4-acid digestion followed by analysis by ICP-ES). A check sampling program using standards, blanks and duplicates is utilized by the Company.

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