Tenajon Resources Corp.

Tenajon Resources Corp.

September 15, 2005 09:00 ET

Tenajon Resources Corp.: Molybdenum Grades Improve at Ajax Mineralization Extended to Depth

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 15, 2005) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") announces that it has received assay results from the first of three drill holes completed on the Ajax Molybdenum Property, located 14 kilometres from the town site of Alice Arm, in Northern British Columbia.

The Ajax Molybdenum Property hosts a large porphyry style molybdenum deposit where significant molybdenum mineralization was discovered in 1965. Between 1965 and 1967, 26 diamond drill holes were completed, totaling 8,101 metres (26,578 feet). The majority of the drilling was small diameter (A size) core. The grade from these drilling campaigns was thought to be underrepresented due to the small size of the drill core and poor recoveries.

The current drill program is designed to twin two of the historic drill holes using larger diameter core (HQ, NQ2) and modern drilling techniques. This was done to evaluate the postulated increase in grade and to test the deposit at depth. A third hole was also drilled, stepping out approximately 50 metres equidistant from 3 holes on the western portion of the deposit.

The first hole of the program, DDH05-01, is a twin of a hole drilled in 1966 - DDH66-29. Hole DDH66-29 assayed 0.151% MoS2 (0.091% Mo) over 106.68 metres (340 feet). Hole DDH05-01 assayed 0.185% MoS2 (0.111% Mo) over the same interval. This represents an increase in grade of 23.0%. Hole DDH05-01 was drilled 90 metres deeper than hole DDH66-29, reaching the depth limitations of the drill, and ended in mineralization. The total mineralized intersection has been extended to 196.9 metres of 0.163% MoS2 (0.098% Mo) and is still open at depth.

Assay results are pending from hole DDH05-02, a twin of hole DDH65-02. In 1965, hole DDH65-02 assayed 0.144% MoS2 (0.087% Mo) over 237.48 metres (779 feet). Similar stockwork mineralization in both silicified hornfels and quartz feldspar porphyry has been encountered in hole DDH05-02. The hole was extended another 175 metres deeper than hole DDH65-02 for a total of 413 metres.

Whole DDH05-03, was collared 50 metres equidistant from holes DDH66-19, DDH66-20 and DDH66-30. It was drilled to a depth of 400.50 metres. The hole contains mineralized stockwork veining in both silicified hornfels and quartz feldspar porphyry throughout most of the core. Holes DDH-05-02 and 03 were drilled to the depth capacity of the diamond drill and ended in mineralization. Assay results will be released when received.

In 1967, Newmont Mining Corporation estimated that the Ajax Property hosted a drill indicated undiluted resource of 192 million tons averaging 0.123% MoS2 (0.074% Mo) with the deposit being open to the north, southeast and at depth. This estimation was completed prior to the implementation of National Instrument 43-101 and is listed only for reference purposes.

Drill core was sawed and sampled at 3.05 metre (10 foot) intervals. Acme Analytical Labs was used for assaying, using their 7TD package (4-acid digestion followed by analysis by ICP-ES). A check sampling program using standards and blanks was utilized by the Company.

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements (as defined by NI43-101) and reviewed by Ali Shahkar P.Eng., Exploration Manager for Tenajon Resources Corporation (a qualified person under NI43-101). The exploration activities at the Ajax Project site were carried out by Andrew Wilkins P.Geo., Project Manager on behalf of Tenajon Resources Corporation (a qualified person under NI43-101).

On Behalf of the Board of Directors

Per: D. Bruce McLeod

D. Bruce McLeod,

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
    (604) 687-7545 or Toll Free: 1-888-338-2200
    (604) 689-5041 (FAX)