Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

October 25, 2006 12:59 ET

Tenajon Resources Corp.: Drilling on Kansas Claim Continues to Intersect High-Grade Gold - Including 3.05m of 30.65 gpt Gold and 1.22m of 23.14 gpt Gold

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) is pleased to announce that it has been informed by Pinnacle Mines Ltd., and Mountain Boy Minerals Ltd. that the 2006 exploration program continues to intersect high gold values in the Main Breccia zone on the Kansas claim. Highlights include 3.05m of 30.65 gpt gold and 1.22m of 23.14 gpt gold. The Kansas claim is a gold-silver-base metal property located 24 kilometers north of Stewart, British Columbia in the Skeena Mining Division.

Assays have been received for 9 holes with assay results greater than 1 gram/tonne (g/t) gold listed in the table below.



Kansas Claim Drill Results

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From To Width Au Ag Cu Pb Zn
DDH (m) (m) (m) g/t g/t % % %
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2006-113 51.52 56.10 4.56 1.91 3.97 0.002 0.04 0.08
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and 162.35 164.33 1.98 1.51 2.60 0.005 0.06 0.31
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2006-114 171.95 173.48 1.53 2.42 7.60 0.008 0.02 0.09
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and 191.77 194.82 3.05 30.65 5.60 0.006 0.02 0.06
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2006-132 63.11 66.16 3.05 1.36 13.40 0.012 0.08 0.19
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and 79.88 81.40 1.52 1.13 47.20 0.004 0.06 0.11
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and 110.21 118.29 8.08 4.0 222.48 0.006 0.08 0.20
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including 110.21 111.43 1.22 23.14 1409.0 0.02 0.39 0.98
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2006-133 20.12 23.78 3.66 4.49 79.96 0.04 1.35 2.40
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and 61.59 63.11 1.52 1.41 15.2 0.02 0.21 0.71
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and 74.24 75.76 1.52 6.10 96.4 0.098 0.22 0.64
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and 110.37 111.59 1.22 3.73 10.4 0.012 0.37 0.62
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and 124.70 125.61 0.91 2.86 15.1 0.016 0.35 0.53
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2006-135 46.65 47.87 1.22 3.32 6.00 0.013 0.04 0.08
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and 79.88 85.82 5.94 3.77 23.67 0.015 0.66 1.61
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2006-136 71.34 88.11 16.77 3.29 26.48 0.016 0.51 1.24
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and 94.21 95.73 1.52 1.35 9.50 0.024 0.12 0.31
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and 98.78 100.30 1.52 1.14 42.00 0.005 0.09 0.12
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and 112.50 127.74 15.24 1.32 6.43 0.006 0.15 0.25
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2006-137 27.13 30.18 3.05 2.15 45.00 0.005 0.07 0.19
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and 74.70 77.44 2.74 1.13 8.50 0.01 0.02 less
than
0.01
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and 96.04 104.88 8.84 4.18 2.40 0.006 0.03 0.016
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and 126.52 127.74 1.22 1.47 7.40 0.008 0.02 0.012
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and 143.45 144.66 1.21 2.91 20.10 0.009 0.49 0.51
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2006-138 30.95 33.99 3.04 1.75 6.80 0.009 0.04 0.075
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and 93.29 103.35 10.06 1.08 6.84 0.009 0.12 0.63
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and 124.70 126.22 1.52 1.00 4.40 0.005 0.04 0.40
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and 149.09 150.61 1.52 1.39 25.7 0.007 0.14 0.32
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Surface and structural mapping has also been carried out on the property in the immediate area of the 2006 drilling. Surveying of the drill holes and a contour map are being completed in order to provide control for an updated resource calculation. Prior to this year's drilling program, MineFill Services of Seattle, WA completed a resource calculation on Silver Coin in compliance with CIMM (2000) Standards at zero cut-off which indicated a total inferred resource that contained an estimated 500,000 ounces of gold and 2.11 million ounces of silver. Approximately 75% of the total inferred resource falls within the Kansas claim. The 2006 drill program is aimed at possibly doubling this resource. MineFill is expected to begin a revised resource calculation in late November with results available early 2007.

The Kansas claim is wholly owned by Tenajon Resources Corp. Pinnacle and Mountain Boy are earning a 60% interest through the expenditure of $1,000,000 on exploration over four years. The Companies can jointly earn a 70% interest in the Kansas claim by exercising an option to deliver a feasibility study within four years of earning the initial 60%.

E. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the project operator. Drill core and trench samples are assayed by Assayers Canada of Vancouver, BC.

Tenajon is a Canadian based precious metal and molybdenum mineral exploration company with a focus in western Canada. In addition to the Kansas claim, Tenajon is also conducting drill programs on its high-grade Summit Lake Gold Property near Stewart, B.C. and its bulk-tonnage Ajax Molybdenum Project near Alice Arm, B.C.

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