Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

March 26, 2008 08:30 ET

Tenajon Intersects Anomalous Molybdenum Values Over 150m Strike Length at Burn Project, British Columbia

Results Include 67.00 Metres Averaging 0.060% Molybdenum (Mo)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced the results from the five hole (1,450 metres) 2007 exploration drill program completed at its Burn Property located 14 km north of Hazelton B.C. Drilling outlined a 150 metre long by up to 200 metre wide zone of anomalous molybdenum values that is open along strike and down-dip. Highlights include 67.00 metres averaging 0.060% Mo (0.100% MoS2) within a 240 metre interval averaging 0.039% Mo (0.065% MoS2). Prior to 2007, no exploration had been conducted on the Burn property since the early 1980's.

The Burn Property is underlain by sediments that locally have been intruded by an up to 400 metre wide by 1100 metre long granodiorite intrusive. Sulphides consisting of pyrite, molybdenum and chalcopyrite occur in quartz vein stockwork, along fracture faces and as disseminations within both the intrusion and sediments. In 2007, Tenajon conducted geochemical and geophysical surveys to follow up on historical exploration and in preparation for the 2007 drill program. Soil sample results, using the 25 ppm Mo in soil contour, outlined an up to 650 metre wide by 1000 metre long anomaly. Geophysical surveying outlined a 600 metre long by 900 metre wide resistivity anomaly that is in part coincidental with the intrusion and soil anomaly.

In 1979 and 1980 Amoco drilled six vertical holes of which only the results were available for one hole, 1980-6. Hole 1980-6, located approximately 75 metres to the west of the north end of a molybdenum in soil contour anomaly, intersected anomalous molybdenum values throughout its 606 metre length including an 84 metre section averaging 0.061% molybdenum, and within this intercept a 21 metre section averaging 0.133% molybdenum (not 43-101 compliant). The 2007 drill program tested the extensions to this mineralization along with the main soil anomaly and geophysical targets located in the northern end of the anomaly. The results are summarized below.



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Length From To Interval Mo MoS2
Hole (metres) (metres) (metres) (metres) (%) (%)
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B07-01 154.57 12.00 32.00 20.00 0.022 0.037
Inc. 12.00 15.00 3.00 0.077 0.128
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B07-02 249.08 no significant intersection
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B07-03 425.91 12.19 30.00 17.81 0.060 0.100
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Inc. 12.19 24.00 11.81 0.077 0.128
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78.00 271.00 193.00 0.042 0.070
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Inc. 108.00 195.00 87.00 0.051 0.085
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or 108.00 129.00 21.00 0.064 0.107
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and 162.00 195.00 33.00 0.062 0.103
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280.00 289.00 9.00 0.032 0.053
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B07-04 364.93 66.00 69.00 3.00 0.053 0.088
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87.00 327.00 240.00 0.039 0.065
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Inc. 99.00 120.00 21.00 0.046 0.077
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and 174.00 241.00 67.00 0.060 0.100
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or 174.00 207.00 33.00 0.073 0.122
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and 279.00 300.12 21.12 0.050 0.083
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B07-05 312.8 40.00 46.00 6.00 0.039 0.065
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67.00 200.00 133.00 0.036 0.060
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Inc. 110.00 128.00 18.00 0.057 0.095
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188.00 200.00 12.00 0.060 0.100
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242.00 248.00 6.00 0.047 0.078
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269.00 278.00 9.00 0.038 0.063
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Hole B07-01 was drilled to undercut an area of visible molybdenum mineralization exposed in a road cut located on the eastern side of the north end of the soil anomaly. Hole B07-02 was drilled to test the north end of the main soil anomaly while holes B07-03, 04 and 05 tested the area around hole 1980-6 for the continuity of the mineralization.

Holes B07-03, 04 and 05 along with hole 1980-6 show anomalous molybdenum values to occur within a 150 metre long by up to 200 metre wide north trending zone located immediately to the west of the main soil anomaly. The zone is hosted primarily by altered granodiorite and hornfels with the higher grade zones occurring in areas containing extensive quartz vein stockwork development. The zone is open along strike and down dip.

The Burn Property is located 4 km northwest of Kispiox, B.C. Access is by gravel roads. Infrastructure is excellent with a railhead being located at Hazelton. Power passes to within a kilometer of the property's boundaries.

At the Burn Property the drill core is sawn into halves with one half being sent for analysis the other kept for future reference. All samples were prepared and 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 was employed throughout with duplicates, standards and blanks being entered into the sample stream at regular intervals. In addition a limited amount of samples are being sent to other labs to determine the reproducibility of the results.

The work at the Burn Property was completed by personnel from CJL Enterprises under the supervision of Dave Visagie, P. Geo., Tenajon's Qualified Person as defined by NI 43-101.

Moly Brook and Ajax Exploration Update

A minimum of 6,100 metres of diamond drilling is expected to commence by mid-April on the Company's Moly Brook Molybdenum Project located on the south coast of Newfoundland. The exploration camp is presently under construction and drills will be mobilized to site in the coming days. The objective of the drill program is to delineate the area of known mineralization, along strike and down dip of the currently defined Moly Brook Zone. On the Company's Ajax Molybdenum Project, data from the 2007 exploration program has been compiled and submitted to Giroux Consulting Ltd. who is completing an updated mineral resource estimate.

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