Tenajon Intersects Anomalous Molybdenum Values Over 150m Strike Length at Burn Project, British Columbia
March 26 2008 - 8:30AM
Marketwired Canada
Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced the
results from the five hole (1,450 metres) 2007 exploration drill program
completed at its Burn Property located 14 km north of Hazelton B.C. Drilling
outlined a 150 metre long by up to 200 metre wide zone of anomalous molybdenum
values that is open along strike and down-dip. Highlights include 67.00 metres
averaging 0.060% Mo (0.100% MoS2) within a 240 metre interval averaging 0.039%
Mo (0.065% MoS2). Prior to 2007, no exploration had been conducted on the Burn
property since the early 1980's.
The Burn Property is underlain by sediments that locally have been intruded by
an up to 400 metre wide by 1100 metre long granodiorite intrusive. Sulphides
consisting of pyrite, molybdenum and chalcopyrite occur in quartz vein
stockwork, along fracture faces and as disseminations within both the intrusion
and sediments. In 2007, Tenajon conducted geochemical and geophysical surveys to
follow up on historical exploration and in preparation for the 2007 drill
program. Soil sample results, using the 25 ppm Mo in soil contour, outlined an
up to 650 metre wide by 1000 metre long anomaly. Geophysical surveying outlined
a 600 metre long by 900 metre wide resistivity anomaly that is in part
coincidental with the intrusion and soil anomaly.
In 1979 and 1980 Amoco drilled six vertical holes of which only the results were
available for one hole, 1980-6. Hole 1980-6, located approximately 75 metres to
the west of the north end of a molybdenum in soil contour anomaly, intersected
anomalous molybdenum values throughout its 606 metre length including an 84
metre section averaging 0.061% molybdenum, and within this intercept a 21 metre
section averaging 0.133% molybdenum (not 43-101 compliant). The 2007 drill
program tested the extensions to this mineralization along with the main soil
anomaly and geophysical targets located in the northern end of the anomaly. The
results are summarized below.
-----------------------------------------------------------------
Length From To Interval Mo MoS2
Hole (metres) (metres) (metres) (metres) (%) (%)
-----------------------------------------------------------------
B07-01 154.57 12.00 32.00 20.00 0.022 0.037
Inc. 12.00 15.00 3.00 0.077 0.128
-----------------------------------------------------------------
-----------------------------------------------------------------
B07-02 249.08 no significant intersection
-----------------------------------------------------------------
-----------------------------------------------------------------
B07-03 425.91 12.19 30.00 17.81 0.060 0.100
-----------------------------------------------------------------
Inc. 12.19 24.00 11.81 0.077 0.128
-----------------------------------------------------------------
78.00 271.00 193.00 0.042 0.070
-----------------------------------------------------------------
Inc. 108.00 195.00 87.00 0.051 0.085
-----------------------------------------------------------------
or 108.00 129.00 21.00 0.064 0.107
-----------------------------------------------------------------
and 162.00 195.00 33.00 0.062 0.103
-----------------------------------------------------------------
280.00 289.00 9.00 0.032 0.053
-----------------------------------------------------------------
-----------------------------------------------------------------
B07-04 364.93 66.00 69.00 3.00 0.053 0.088
-----------------------------------------------------------------
87.00 327.00 240.00 0.039 0.065
-----------------------------------------------------------------
Inc. 99.00 120.00 21.00 0.046 0.077
-----------------------------------------------------------------
and 174.00 241.00 67.00 0.060 0.100
-----------------------------------------------------------------
or 174.00 207.00 33.00 0.073 0.122
-----------------------------------------------------------------
and 279.00 300.12 21.12 0.050 0.083
-----------------------------------------------------------------
-----------------------------------------------------------------
B07-05 312.8 40.00 46.00 6.00 0.039 0.065
-----------------------------------------------------------------
67.00 200.00 133.00 0.036 0.060
-----------------------------------------------------------------
Inc. 110.00 128.00 18.00 0.057 0.095
-----------------------------------------------------------------
188.00 200.00 12.00 0.060 0.100
-----------------------------------------------------------------
242.00 248.00 6.00 0.047 0.078
-----------------------------------------------------------------
269.00 278.00 9.00 0.038 0.063
-----------------------------------------------------------------
Hole B07-01 was drilled to undercut an area of visible molybdenum mineralization
exposed in a road cut located on the eastern side of the north end of the soil
anomaly. Hole B07-02 was drilled to test the north end of the main soil anomaly
while holes B07-03, 04 and 05 tested the area around hole 1980-6 for the
continuity of the mineralization.
Holes B07-03, 04 and 05 along with hole 1980-6 show anomalous molybdenum values
to occur within a 150 metre long by up to 200 metre wide north trending zone
located immediately to the west of the main soil anomaly. The zone is hosted
primarily by altered granodiorite and hornfels with the higher grade zones
occurring in areas containing extensive quartz vein stockwork development. The
zone is open along strike and down dip.
The Burn Property is located 4 km northwest of Kispiox, B.C. Access is by gravel
roads. Infrastructure is excellent with a railhead being located at Hazelton.
Power passes to within a kilometer of the property's boundaries.
At the Burn Property the drill core is sawn into halves with one half being sent
for analysis the other kept for future reference. All samples were prepared and
analyzed at Acme Analytical Labs using a 4 acid digestion with analysis by
Induced Couple Polarization (ICP). A stringent program of check, blank and
duplicate sampling was employed throughout with duplicates, standards and blanks
being entered into the sample stream at regular intervals. In addition a limited
amount of samples are being sent to other labs to determine the reproducibility
of the results.
The work at the Burn Property was completed by personnel from CJL Enterprises
under the supervision of Dave Visagie, P. Geo., Tenajon's Qualified Person as
defined by NI 43-101.
Moly Brook and Ajax Exploration Update
A minimum of 6,100 metres of diamond drilling is expected to commence by
mid-April on the Company's Moly Brook Molybdenum Project located on the south
coast of Newfoundland. The exploration camp is presently under construction and
drills will be mobilized to site in the coming days. The objective of the drill
program is to delineate the area of known mineralization, along strike and down
dip of the currently defined Moly Brook Zone. On the Company's Ajax Molybdenum
Project, data from the 2007 exploration program has been compiled and submitted
to Giroux Consulting Ltd. who is completing an updated mineral resource
estimate.
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.
Tenajon Resources Com Npv Class A (TSXV:TJS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Tenajon Resources Com Npv Class A (TSXV:TJS)
Historical Stock Chart
From Nov 2023 to Nov 2024