Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

December 19, 2007 08:30 ET

Tenajon Intersects 0.066% Molybdenum (Mo) Over 373.08 Metres at Moly Brook

Results include 109.73m of 0.097% Mo and 21.34m of 0.134% Mo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that assay results have been received for the first two diamond drill holes from the exploration program recently completed at its Moly Brook Property located on the south coast of Newfoundland. Both holes intersected widespread molybdenum values with Hole MB 07-2 intersecting a 373.08 metre section, commencing near surface, and averaging 0.066% molybdenum. Within the intercept are 21.34 metres averaging 0.134% molybdenum and 109.73 metres averaging, 0.097% molybdenum. The holes were part of a 12 hole diamond drilling program totaling 3,633 metres in length completed in mid November. In addition to the drill program, limited prospecting has identified an area which hosts molybdenite in quartz veins that is located 1,000 metres to the southwest of the most southerly drill hole drilled in the 2007 exploration program. Grab samples taken from the veins assayed up to 0.297% molybdenum.

"Preliminary drill results from Moly Brook are very encouraging," said Bruce McLeod, President & CEO of Tenajon. "When combined with the exploration success at the Ajax Molybdeum property, Tenajon is effectively compiling a project portfolio of large tonnage molybdenum targets located in Canada. We are committed to building a multiple project company and we are confident that Moly Brook will assist us in achieving this end."

The 2007 drill program tested the target zone over 750 metres of strike length. Hole MB 07-1 tested a geophysical anomaly to the east of the main trend, and although modest molybdenum values were encountered, drilling showed the anomaly to be primarily composed of pyrite. Hole MB 07-2 successfully tested the up dip extension of the mineralization in Royal Oak Hole 95-01 and the along strike extension to that in Royal Oak hole 95-04. The results from the first two holes drilled this year are summarized below.



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From To Interval Mo MoS2
Hole (metres) (metres) (metres) (%) (%)
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MB 07-1 4.27 7.32 3.05 0.037 0.062
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and 46.93 62.17 15.24 0.029 0.048
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and 119.48 123.13 3.65 0.048 0.080
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MB 07-2 18.89 391.97 373.08 0.066 0.110
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incl. 18.89 40.23 21.34 0.134 0.227
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and 226.16 335.89 109.73 0.097 0.162
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or 182.58 391.97 209.73 0.077 0.128
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Hole MB 07-2 ended in mineralization with the last 2.14 metre interval assaying 0.087% Mo. Hole MB 07-2 demonstrates that mineralization at Moly Brook can be traced from surface to in excess of 250 metres below surface with the zone being open in all directions. Overall there is a good correlation of results between Royal Oak hole 95-01 and MB07-2. For current drill hole locations along with a detailed cross section, please view the accompanying maps:

To view the current drill hole locations please click on: http://www.ccnmatthews.com/docs/tjs1219map.jpg

To view the detailed cross section please click on: http://www.ccnmatthews.com/docs/tjs1219section.jpg

At the Moly Brook Property molybdenite occurs primarily along the rims of a series of north trending, subvertical sheeted veins and fracture faces. On occasion quartz vein stockwork is formed with molybdenite occurring in all of the vein orientations. Molybdenite also occurs as disseminations within the intrusion. The style of mineralization appears to be similar to that at Thompson Creek Metal's Endako Mine in British Columbia where the majority of molybdenite occurs within a sheeted vein and fracture system.

In addition to drilling, limited prospecting was completed approximately 1,000 metres to the southwest of the most southerly hole drilled (MB 07-12) on the south side of Long Pond. The area is approximately 100m x 100m in size and was previously described by Royal Oak personnel as having a series of north trending, en echelon, quartz veins containing molybdenite. Individual veins are up to 10cm wide with the molybdenite typically rimming the vein. Five grab samples were collected and all of the samples returned anomalous molybdenum values with the values ranging from 0.087 to 0.297% Mo, further demonstrating the exploration potential of the Moly Brook property.

In 1995 and 1996, Royal Oak Mines Inc. completed three drill holes (non 43-101 compliant) that tested a 300 metre segment of the molybdenum anomaly. All of the holes intersected molybdenum mineralization with several sections containing high grade molybdenum values. In addition, all three holes ended in significant molybdenum mineralization leaving the zone open in all directions. Highlights are tabulated below.



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From To Interval Mo MoS2
Hole (metres) (metres) (metres) (%) (%)
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95-01 25.00 229.81 204.81 0.061 0.098
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incl. 70.00 119.00 44.00 0.111 0.178
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and 175.00 219.00 46.00 0.059 0.094
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95-04 112.85 224.85 112.00 0.065 0.104
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incl. 126.85 125.85 30.00 0.075 0.120
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and 166.65 212.65 46.00 0.081 0.130
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96-06 78.00 264.26 186.26 0.039 0.062
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incl. 78.00 82.00 4.00 0.175 0.280
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and 144.00 154.00 10.00 0.061 0.098
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and 176.00 244.00 68.00 0.050 0.080
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The Moly Brook Property is located 2.5 km from the hamlet of Grey River Newfoundland, less than 4 km from a deepwater, ice free, navigable fjord. Previous exploration completed in 1995 and 1996 by Royal Oak Mines Inc. outlined a 450 x 1,100 metre area hosting molybdenite and chalcopyrite in outcrop as fracture fillings and as disseminations within the host intrusive and quartz veins. Incorporating the results of Tenajon's 2007 soil survey with historic results from Royal Oak Mines, a greater than 25 ppm in soil molybdenum contour outlines a 1,200 metre long and up to 700 metre wide soil anomaly. The I.P. Survey outlined a 1,500 metre long and up to 800 metre wide zone of high chargeability that is in part coincidental with the soil anomaly.

The work at Moly Brook was 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 one half being sent for analysis and the other kept for future reference. All samples are prepared at Eastern Analytical using a 600 gram split with the resultant pulp being analyzed at Acme Analytical Labs using a 4 acid digestion with analysis by Induced Couple Polarization (ICP). A stringent program of check, blank and duplicate sampling is employed throughout with duplicates standards and blanks being entered into the sample stream at regular intervals.

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