Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

September 20, 2007 14:57 ET

Tenajon Resources Corp.: Drilling Commences on Moly Brook Property, Prospecting Identifies Peripheral High Grade Gold Values

Large Coincident Molybdenum in Soil and I.P. Anomalies Identified

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2007) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to announce that a first phase diamond drilling program has commenced at its Moly Brook Molybdenum Property located on the south coast of Newfoundland. The program is designed to follow-up on the results of recently completed geochemical and geophysical surveys that expanded the area of potential molybdenum-copper mineralization previously defined by Royal Oak Mines Inc.

The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. Historical exploration 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, a greater than 25 ppm in soil molybdenum contour outlines a 1,200 metre long and up to 700 metre wide soil anomaly. The recently completed 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.

Tenajon has also completed prospecting to the north of the I.P anomaly and has located a narrow zone of quartz veining containing galena, sphalerite and pyrite. Grab samples assayed up to 102 gpt Au with a 20 cm chip taken across a highly mineralized pod within the vein assaying 137 gpt Au.

In the 1990's Royal Oak Mines Inc. completed three drill holes which tested a 300 metre segment of the molybdenum anomaly. All of the holes intersected molybdenum/copper 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.

In Hole 95-01 a 16 metre section graded 0.188% Mo, including a 2 metre high grade section of over 0.75% Mo. Hole 95-04 had 6 and 2 metre intervals grading 0.123% and 0.25% Mo, respectively. In addition to molybdenum and copper, Hole 96-06 had sections containing anomalous tungsten values as determined by I.C.P. analysis with individual samples assaying up to 0.068% tungsten over 2 metres.

While historic grades were significant there is evidence that the grade was under-reported. Testing of selected samples from Holes 95-01 and 95-04 by Royal Oak Mines using a 0.6 kilogram vs. the original 0.2 kilogram split resulted in increased molybdenum and copper grades. In the case of Hole 95-01 the average increase for molybdenum was 28% whereas for copper it was 37%. In Hole 95-04 the increase was 1% for molybdenum and 3% for copper. The variances occur throughout the length of the holes.

All of the soil and rock samples were prepared and analyzed by Eastern Analytical Labs, located in Springdale, Newfoundland. Rock samples are crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. The samples are then pulverized to 95% passing 150 mesh and then analyzed for gold using fire assay with an A.A. finish using a half assay ton. Assay standards are entered into the sequence to maintain accuracy.

Historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. Investors are cautioned that recent independent verification has not been completed and the historical data should not be relied upon.

Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101, is in charge of the exploration programs on the Moly Brook Property.

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