Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

October 24, 2005 09:00 ET

Tenajon Resources Corp.: Surface Drilling at Summit Lake Encounters High Grade Zones

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2005) -

4.67 Metres of 0.671 oz/t (23.0 g/t) Gold

Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to provide the results of the 2005 surface drill program recently completed at its Summit Lake Property, located 50 km north of Stewart B.C. The year's surface drill program tested three outcropping gold zones; Bend, Blueberry and Road, to determine their potential to enhance those being explored from underground at the Company's Summit Lake Gold Mine. Tenajon has also completed a 6600' underground drill program that tested the "L", "M" and "N" zones. The Company is awaiting assay data and will publish the results of the program as soon as it is compiled.

The surface zones drilled this year are located 2.5km to the northeast of the mine workings. At the Summit Lake Mine gold occurs within pyrite-pyrrhotite bearing veins. Past production was 95,426 ounces of gold from 201,462 tons milled for an average grade of 0.474 oz/t (16.25 g/t) gold with the vast majority of production being from a shoot within the M Zone that averaged 200 feet in length, 6 to 8 feet in width over a 700 feet dip length.

The Bend, Blueberry and Road Zones are geologically similar to those at the formerly producing Summit Lake Gold Mine. In 2005, 16 drill holes, totaling 639 metres in length showed that the Bend and Blueberry and Road zones contain significant gold values with multiple high grade gold values being intersected at the Bend and Blueberry Zones. Drill results from the Bend Vein include a true width intercept of 4.67 metres averaging 0.671 oz/t (23.0 g/t) gold while at the Blueberry they include a 1.43 metre true width intercept averaging 0.928 oz/t (31.8 g/t) gold.

Bend Vein

Previous drilling completed in 1984 and 1991 showed a 32 m long block (between 40 and 72 metres North) averaging 1.90 metres in width to a vertical depth of 30 metres below surface to grade 0.906 oz/t (31.1 g/t) gold.

The purpose of the 2005 drill program was to locate additional mineralization outside of this block. Thirteen holes totaling 511.6 metres in length were completed. The results are summarized below.



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Gold Gold
From To Int Approx True Grade Grade
Hole Section (m) (m) (m) Width (m) (opt) (g/t)
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05-01 32N 16.92 18.14 1.22 1.22 0.365 12.51
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05-02 32N 33.23 35.67 2.44 2.00 0.627 21.50
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05-03 32N 18.84 20.70 1.86 1.86 0.319 10.94
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05-04 32N 51.06 51.92 0.86 0.86 0.315 10.80
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05-05 64N 33.04 34.70 1.66 1.50 0.125 4.29
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05-06 72N No significant values
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05-07 23N 28.59 30.15 1.56 1.56 0.273 9.36
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05-08 23N 29.12 30.38 1.46 1.40 0.291 9.98
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05-09 23N 35.82 37.37 1.55 1.55 0.614 21.05
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05-10 72N 7.77 12.44 4.67 4.67 0.671 23.01
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05-11 91N 14.33 15.51 2.18 2.18 0.035 1.20
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05-15 128N 10.55 11.43 0.88 0.88 0.580 19.89
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05-16 132N 20.91 21.71 0.80 0.80 0.040 1.37
---------------------------------------------------------------------

This year's drilling has confirmed that the zone is larger than
previously thought and has excellent potential to expand in size.


Blueberry Zone

The Blueberry Vein is exposed for 78 metres with the zone open to the south while to the north it is displaced by faulting. Width is variable to 3 metres. Channel sampling, completed in 1984 showed anomalous gold values to occur throughout the zone with the northernmost 40 metres of the zone hosting high grade gold values including a 1.95 m sample assaying 6.515 oz/t (223.4 g/t) gold. In 1984 four holes, two each on sections located 25 metres apart, were drilled in the southern half of the zone. All of the holes intersected anomalous gold values with one of the holes, 84-11, intersecting a 1.59 m section (true width) averaging 0.636 oz/t (21.8 g/t) gold, 25 metres downdip from a channel sample assaying 0.400 oz/t (13.7 g/t) gold over 0.77 m.

In 2005, two holes totaling 70.73 metres were drilled in the northernmost 20 metres of the zone. Hole 05-12 is located 7 m north of hole 84-11. The hole was drilled to test the downdip continuity of a 3.9 channel sample averaging 3.78 oz/t (129.6 g/t) gold. Hole 05-13 was drilled at the north end of the surface expression of the zone. The results are summarized below.



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Gold Gold
From To Int Approx True Grade Grade
Hole Section (m) (m) (m) Width (m) (opt) (g/t)
---------------------------------------------------------------------
05-13 61N 28.90 30.08 1.19 1.05 0.475 16.29
---------------------------------------------------------------------
31.91 33.53 1.62 1.43 0.928 31.82
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35.81 36.88 1.07 0.94 0.270 9.26
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05-14 77N No significant values
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The results show that in the immediate vicinity of Hole 05-13 the zone is continuous to a vertical depth of 30 metres and is open.

Based on limited drilling, the Blueberry Zone is interpreted to be a shallow, south plunging, moderate to steep north dipping structure that is in part open at depth and along strike. Hole 05-14 is interpreted to be under the plunge of the zone. Additional drilling is required to evaluate the potential of the zone.

Road Zone

The Road Showing is exposed in a road cut. Along strike it is drift covered. Chip sampling completed over the zone in 2004 returned encouraging values with a 1.5 metre exposure averaging 0.606 oz/t (20.8 g/t) gold.

In 2005, one drill hole, 31.4 metres in length tested the zone. The hole intercepted a true width intercept of 0.64 metres averaging 0.118 oz/t (4.05 g/t) gold. The zone is open in all directions.



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Gold Gold
From To Int Approx True) Grade Grade
Hole Section (m) (m) (m) Width (m) (opt) (g/t)
---------------------------------------------------------------------
05-12 1000N 26.52 27.16 0.64 0.64 0.118 4.05
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At the Summit Lake Property the drill core is sawn in half by company personnel. The core is then delivered to Eco-Tech Labs who prepare and assay the core using a 1 assay ton sample. A check sampling program involving the introduction of one blank and one standard for every 20 samples is employed by Tenajon.

The technical information is this news release has been prepared in accordance with Canadian regulatory requirements and reviewed by Dave Visagie, P Geo, Northair Group Exploration Manager (a Qualified Person under NI 43-101). The exploration program at the Summit Lake Property was also supervised by him.

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)
    www.tenajon.com