Tenajon Resources Corp.
TSX VENTURE : TJS

Tenajon Resources Corp.

December 21, 2006 08:00 ET

Tenajon Resources Corp.: Underground Drilling at Summit Lake Continues to Encounter High Grade Gold

New Zone Discovered - 7.0 feet of 0.271 oz/t '9.25 g/t' Gold

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 21, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) today announced assay results for the balance of the underground drill holes completed at its Summit Lake Gold Property located 30 km north of Stewart, B.C. Highlights of the underground drill program include 6.1 feet averaging 0.332 opt Gold from the M Zone and 7 feet averaging 0.270 opt Gold from the newly discovered R Zone. The R Zone is located 450 feet to the south of the M Zone and includes the easternmost holes drilled at the 3000 foot level.

The Summit Lake Mine hosts four sub parallel zones of quartz-pyrite-pyrrhotite veining; M, N and O and L. Production of 96,000 ounces of gold (0.474 ounces per ton, 16.20 gpt) was from the M, N and O Zones. Previous work showed the M, N and L Zones to be open in at least one direction. The 2006 underground drill program consisted of 26 holes totaling 3,650 metres; 6 holes tested the L Zone, 15 tested the M Zone and 1 hole tested the N Zone. Two holes tested a blind target area east of the main workings considered favourable for hosting new zones, while two holes were not completed. Results from the program are summarized in the table below.



---------------------------------------------------------------------------
True
Hole From To Int. Width Oz/t g/t Location
# (ft) (ft) (ft) (ft) Gold Gold
---------------------------------------------------------------------------
747 no significant assays M Zone - west of workings at
the 3000 ft level
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748 no significant assays M Zone - west of workings at
the 3000 ft level
---------------------------------------------------------------------------
749 moderately anomalous gold values M Zone - west of workings at
the 3300 ft level
---------------------------------------------------------------------------
750 moderately anomalous gold values M Zone - west of workings at
the 3300 ft level
---------------------------------------------------------------------------
751 moderately anomalous gold values M Zone - west of workings at
the 3300 ft level
---------------------------------------------------------------------------
752 no significant assays M Zone - west of workings at
the 2850 ft level
---------------------------------------------------------------------------
753 moderately anomalous gold values M Zone - west of workings at
the 3300 ft level
---------------------------------------------------------------------------
754 not completed M Zone
---------------------------------------------------------------------------
755 523.6 540.3 16.7 11.9 0.096 3.28 M Zone - west of workings at
the 3400 ft level
---------------------------------------------------------------------------
incl 538.0 540.3 2.3 1.6 0.569 19.43
---------------------------------------------------------------------------
756 moderately anomalous gold values M Zone - west of workings at
the 3000 ft level
---------------------------------------------------------------------------
757 616.4 621.5 6.1 4.6 0.332 11. 34 M Zone - west of workings at
the 3500 ft level
---------------------------------------------------------------------------
758 intersected a dyke
---------------------------------------------------------------------------
759 not drilled M Zone - west of workings at
the 3300 ft level
---------------------------------------------------------------------------
760 no significant assays N Zone
---------------------------------------------------------------------------
761 176.0 181.4 5.4 5.4 0.095 3.24 M Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------
incl 179.4 181.4 2.0 2.0 0.222 7.58
---------------------------------------------------------------------------
411.7 416.6 4.9 4.9 0.073 2.49 L Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------
594.1 601.1 7.0 7.0 0.271 9.25 R Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------
incl 594.1 596.5 2.4 2.4 0.698 23.84 R Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------
762 219.5 222.0 2.5 2.5 0.038 1.30 M Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------
622.5 627.9 5.4 5.4 0.014 0.48 R Zone - east of workings at
the 3000 ft level
---------------------------------------------------------------------------


A long section of the main zone can be viewed at http://www.ccnmatthews.com/docs/long%20view2.jpg. A plan view of the underground workings can be viewed at http://www.ccnmatthews.com/docs/lev3000.jpg.

The results show high grade gold mineralization similar to that previously mined at the Summit Lake Gold Mine extending from surface at the 4000 foot level down to the 2750 foot level. Above the 3000 foot level the zone extends westward up to 400 feet from the existing workings. Below the 3000 foot level the zone is approximately 500 feet long. Width and grade are variable both along strike and dip with high grade values occurring adjacent to low grade sections.

Holes 761 and 762 are the easternmost holes drilled at the 3000 foot level and intersected a new zone of quartz sulphide veining approximately 450 feet to the south of the M Zone (referred to as the R Zone). Historic drilling approximately 400m to the west of these holes intersected a zone of quartz veining with anomalous gold values that appears to be the strike extension to the R Zone. Additional drilling is required to determine the extent of gold bearing mineralization in Hole 761.

Results are pending from a surface sampling and drilling program at the Blueberry Zone which is located two kilometers to the north of the underground workings.

Dave Visagie, P. Geo. Northair Group Exploration Manager is the Qualified Person as defined by NI 43-101 for the Summit Lake Project. At the Summit Lake Property the drill core is sawn is half by company personel with one half being placed in the core box for future reference the other in sample bags, secured and delivered to EcoTech Labs' prep facility in Stewart, B.C. The samples are prepared in Stewart then shipped to its' lab in Kamloops who prepare and assay the core using a 1 assay ton sample. A check sampling program using standards and blanks is utilized by the Company.

On Behalf of the Board of Directors

TENAJON RESOURCES CORP.

Per: D. Bruce McLeod

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