Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

February 21, 2008 08:30 ET

Tenajon Intersects 36.6 Metres Averaging 0.087% Molybdenum at Moly Brook, Newfoundland

Molybdenum Zone Successfully Extended Northwards Across the Moly Brook Fault

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2008) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced that assay results have been received for the final four holes from the 2007 exploration drill program at its Moly Brook Property located on the south coast of Newfoundland. Drilling has successfully extended the Moly Brook Zone to the north of the Moly Brook Fault (the "fault"), extending the Moly Brook Zone to a strike length of approximately 750 metres with the zone being open along strike and dip. Hole MB 07-09, one of three holes drilled north of the fault, intersected a 100.48 metre section averaging 0.055% Mo (0.0917% MoS2). Within the section there is a higher grade intercept averaging 0.087% Mo (0.145% MoS2) over 36.6 metres. Hole MB-07-12 the most southerly hole drilled to date into the Moly Brook Zone intersected a 36.58 metre section averaging 0.055% Mo (0.0917% MoS2). Within the intercept is an 11.28 metre section averaging 0.104% Mo (0.173% MoS2). The ultimate width of the zone has not been determined as several of the holes drilled ended in significant mineralization.

The Moly Brook deposit occurs at the north end of a trend of molybdenum bearing occurrences that have seen little work completed on them. Approximately 1.8 km to the south of the 2007 drilling, Buchans Mining completed two short packsack, small diameter drill holes in 1964. Both holes intersected anomalous molybdenum values with one of the holes averaging 0.057% Mo (0.095% MoS2) over its entire length of 27.53 metres. The last 7.61 metres of the hole averaged 0.118% Mo (0.197% MoS2). The Buchans drilling was completed before the implementation of NI 43-101 and Tenajon has no way of verifying the results.

"Results from this drilling campaign have shown that the Moly Brook project has the potential to host a significant bulk tonnage molybdenum deposit. This acquisition has proved to be a valuable asset for Tenajon and complements the Ajax Molybdenum deposit which hosts an inferred resource of 448 million tonnes averaging 0.063% Mo (623.4 million pounds) and an indicated mineral resource of 38.8 million tonnes averaging 0.064% Mo (56.4 million pounds) at a 0.04% Mo cut-off," said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, "We are currently in the implementation phase of a multi-drill follow up program on the Moly Brook Property which is to commence early this spring."

In 2007, Tenajon completed twelve holes totaling 3,633 metres in length at Moly Brook. The holes tested the target zone over a 750 metre strike length. Holes MB07-09 to MB07-11 were drilled to test the potential for molybdenum mineralization to the north of the Moly Brook Fault, which was previously thought to cut-off the Moly Brook Zone. Soil sampling to the north showed the area to host low molybdenum values, however I.P. surveying outlined a zone of high chargeability at depth that appeared to be the potential continuation of the Moly Brook deposit. Holes MB 07-9 and 11 intersected sections hosting molybdenum mineralization similar to that to the south of the fault and successfully extending the Moly Brook Zone to the north of the fault. Hole MB 07-12 was drilled to test the zone 100 metres to the south of Hole MB 07-06 (64 metres @ 0.057% Mo). The results are summarized below and complete results for the 2007 drill program are attached at the end of this press release.



-----------------------------------------------------------
Length From To Interval Mo MoS2
Hole (metres) (metres) (metres) (metres) (%) (%)
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MB07-09 313.33 165.48 265.48 100.48 0.055 0.092
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INC 195.35 231.95 36.6 0.087 0.145
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295.05 311.2 13.11 0.051 0.083
-----------------------------------------------------------
MB07-10 276.15 No Significant Results
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MB07-11 295.96 205.74 227.08 21.34 0.054 0.090
-----------------------------------------------------------
MB07-12 206.09 242.62 36.58 0.055 0.092
-----------------------------------------------------------
INC 209.09 220.37 11.28 0.104 0.173
-----------------------------------------------------------


The section intersected in Hole MB 07-09 is associated with the zone of high chargeability. It appears that north of the Moly Brook Fault the zone has been down dropped resulting in it being buried. Geophysical profiles show the associated zone of high chargeability to extend at least 600 metres to the north (the limits of the survey) of Hole MB 07-9.

Drilling has traced the Moly Brook zone over a 750 metre strike length with the zone being open along strike to the south and north. The zone has been traced over a 300 metre vertical elevation and is also open at depth. Width is variable to 400 metres with the ultimate width having not been determined as several of the holes ended in significant mineralization. A drill plan can be found by following the enclosed link: http://media3.marketwire.com/docs/TJS_Drill_Hole_Map.jpg

At the Moly Brook Property molybdenite occurs primarily along the rims of a series of north trending, subvertical sheeted veins and fracture faces over an up to 450 x 1,100 metre area. On occasion quartz vein stockwork is formed with molybdenite occurring in all of the vein orientations. Molybdenite also occurs as disseminations within the intrusion. Up to 3% combined pyrite and chalcopyrite are commonly associated the molybdenite.

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 Plasma (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.



2007 Moly Brook Drill Results

To accompany Tenajon Resources News Release Dated February 21, 2008

-----------------------------------------------------------
From To Interval Mo MoS2
Hole (metres) (metres) (metres) (%) (%)
-----------------------------------------------------------
MB 07-1 4.27 7.32 3.05 0.037 0.062
-----------------------------------------------------------
and 46.93 62.17 15.24 0.029 0.048
-----------------------------------------------------------
and 119.48 123.13 3.65 0.048 0.080
-----------------------------------------------------------

-----------------------------------------------------------
MB 07-2 18.89 391.97 373.08 0.066 0.110
-----------------------------------------------------------
Incl. 18.89 40.23 21.34 0.134 0.227
-----------------------------------------------------------
and 226.16 335.89 109.73 0.097 0.162
-----------------------------------------------------------
or 182.58 391.97 209.39 0.077 0.128
-----------------------------------------------------------

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MB 07-3 107.90 315.16 207.26 0.084 0.140
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Incl. 132.28 244.15 111.87 0.108 0.180
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or 150.57 217.63 67.06 0.138 0.230
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-----------------------------------------------------------
MB 2007-4 14.02 392.35 378.33 0.078 0.130
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Incl. 14.02 35.36 21.34 0.100 0.167
-----------------------------------------------------------
53.64 84.12 30.48 0.081 0.135
-----------------------------------------------------------
87.12 108.51 21.39 0.100 0.167
-----------------------------------------------------------
or 53.64 108.51 54.87 0.085 0.142
-----------------------------------------------------------
and 148.13 211.84 63.71 0.122 0.203
-----------------------------------------------------------
and 248.72 276.15 27.43 0.091 0.152
-----------------------------------------------------------
and 336.50 392.35 55.85 0.091 0.152
-----------------------------------------------------------

-----------------------------------------------------------
MB 2007-5 31.39 317.91 286.52 0.074 0.123
-----------------------------------------------------------
Incl. 31.39 37.49 6.10 0.137 0.228
-----------------------------------------------------------
and 55.78 83.21 27.43 0.095 0.158
-----------------------------------------------------------
or 31.39 83.21 51.82 0.081 0.135
-----------------------------------------------------------
and 128.93 152.10 23.17 0.099 0.165
-----------------------------------------------------------
208.18 317.91 109.73 0.085 0.142
-----------------------------------------------------------
Incl. 238.65 272.19 33.54 0.106 0.177
-----------------------------------------------------------
and 296.57 317.91 21.34 0.088 0.147
-----------------------------------------------------------

-----------------------------------------------------------
MB 2007-6 196.90 218.26 21.36 0.071 0.118
-----------------------------------------------------------
242.62 260.91 18.29 0.091 0.152
-----------------------------------------------------------
285.29 300.52 15.23 0.050 0.083
-----------------------------------------------------------
or 196.90 300.58 103.68 0.046 0.077
-----------------------------------------------------------

-----------------------------------------------------------
MB 2007-7 81.07 101.94 20.87 0.064 0.107
-----------------------------------------------------------
131.97 145.08 13.11 0.055 0.092
-----------------------------------------------------------
190.80 206.96 16.16 0.056 0.093
-----------------------------------------------------------
255.42 283.77 28.35 0.038 0.063
-----------------------------------------------------------
Incl. 280.11 283.77 3.66 0.124 0.207
-----------------------------------------------------------

-----------------------------------------------------------
MB 2007-8 30.78 304.80 274.02 0.085 0.142
-----------------------------------------------------------
Incl. 80.47 91.14 10.67 0.142 0.237
-----------------------------------------------------------
110.95 120.09 9.14 0.177 0.295
-----------------------------------------------------------
or 74.37 291.39 217.02 0.097 0.162
-----------------------------------------------------------
Incl. 182.88 291.39 108.51 0.125 0.208
-----------------------------------------------------------

-----------------------------------------------------------
MB07-09 165.48 265.48 100.48 0.055 0.092
-----------------------------------------------------------
Incl. 195.35 231.95 36.60 0.087 0.145
-----------------------------------------------------------
295.05 311.20 13.11 0.051 0.083
-----------------------------------------------------------

-----------------------------------------------------------
MB07-10 No Significant Results
-----------------------------------------------------------

-----------------------------------------------------------
MB07-11 205.74 227.08 21.34 0.054 0.090
-----------------------------------------------------------

-----------------------------------------------------------
MB07-12 206.09 242.62 36.58 0.055 0.092
-----------------------------------------------------------
Incl. 209.09 220.37 11.28 0.104 0.173
-----------------------------------------------------------


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