Tenajon Announces High Grade Near Surface Results From Moly Brook, Newfoundland
July 08 2008 - 8:33AM
Marketwired Canada
Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company" or "Tenajon") today
announced that it has received the results for Holes MB-08-15 to MB-08-19 and
the remainder of Hole MB-08-14 from it's Moly Brook Molybdenum Property, located
on the south coast of Newfoundland.
Holes MB-08-15 to MB-08-19 were part of an initial 6100 metre Phase 1 drill
program designed to test the along strike and dip extensions of the molybdenum
mineralization outside of the central core of molybdenum mineralization
previously identified. Due to the favorable results in the Phase 1 drill program
the Company has commenced and is currently completing a 3050 metre Phase 2 drill
program.
Holes MB-08-15, MB-08-17 and MB-08-19 were drilled to define the western limits
of the Moly Brook Zone. Holes MB-08-14, MB-08-16 and MB-08-18 were completed to
test the eastern third of the zone at depths of up to 300 metres below surface.
All of the holes intersected widespread molybdenum values.
Hole MB-08-15 intersected a 360.37 metre section, commencing from surface,
averaging 0.074% molybdenum. Within the intercept there is a 213.47 metre high
grade section averaging 0.100% molybdenum, which correlates with a 222.50 metre
intercept averaging 0.076% molybdenum located in Hole MB-08-13, 80 metres to the
south. Hole MB-08-17, drilled to test the continuity of the high grade intercept
in Hole MB-08-15, 80 to 130 metres up dip, intersected a 109.76 metre section
averaging 0.054% molybdenum. Within the intercept, there are high grade sections
of 15.25 and 18.3 metres respectively averaging 0.091% and 0.100% molybdenum.
Hole MB-08-19, located 80 metres north of Hole MB-08-17 was drilled to test the
along strike extension of the mineralization observed in Hole MB-08-17 and the
up dip extension to the western half of Hole MB-07-2 (205metres averaging 0.078%
molybdenum). Anomalous molybdenum values were encountered throughout the length
of the hole, with the hole intersecting a 286.51 metre section averaging 0.044%
molybdenum. Within the hole there are higher grade intercepts including a 67.05
metre section averaging 0.071% molybdenum that correlates well with a high grade
intercept of 109.73 metres averaging 0.097% molybdenum located in hole MB-07-02.
"The Moly Brook property continues to deliver high grade, near surface results
from this year's drill program," said Bruce McLeod, President & CEO of Tenajon.
Mr. McLeod adds, "We have consistently seen wide intercepts of near surface
molybdenum mineralization over a broad area. The Moly Brook deposit is
demonstrating all the key ingredients of a potential bulk tonnage and open
pittable deposit."
Hole MB-08-16 and MB-08-19 respectively tested at depth the eastern third of the
Moly Brook Zone 100 and 180 metres along strike from Hole MB-08-14. Hole
MB-08-14 intersected a 262.22 metre intercept averaging 0.074% molybdenum
including a 76.49 metre high grade intercept averaging 0.131% molybdenum. Both
holes intersected extensive zones of anomalous values up to 300 metres below
surface. Hole MB-08-18 intersected a 246.98 metre section averaging 0.048%
molybdenum. Within the intercept there are higher grade intersections including
a 57.9 metre section averaging 0.061% molybdenum. Hole MB-08-16 intersected
sections of 54.88 and 60.97 metres respectively averaging 0.065% and 0.053%
molybdenum at depths of up to 300 metres below surface. The results for Holes
MB-08-13 to MB-08-19 along with that from Hole MB-08-14 are reported at the end
of this press release. For current drill hole locations along with detailed
cross sections please view the accompanying maps:
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08DHLocationMap.jpg
http://www.tenajon.com/i/maps/MolyBrook/2008-07-08Section.jpg
The Moly Brook Property is located 2.5 km from the hamlet of Grey River on the
south coast of Newfoundland, less than 4 km from a deep water, ice free,
navigable fjord. The community is serviced daily by provincial ferries. For the
duration of the program the crew is operating out of a recently established 25
person camp, centrally located on the property. Drill moves are completed using
tracked equipment.
The Moly Brook Zone is located at the north end of a 2.5 km long trend of
sheeted quartz veining, stockwork and fracturing in which molybdenum occurs. At
the Moly Brook Zone drilling has intersected molybdenum within sheeted quartz
veins, in quartz vein stockwork and along fracture faces. Drilling has traced
the zone along strike for 750 metres depths to over 300 metres below surface.
The zone is open to the north and south. Assuming a general sub vertical
orientation to the zone the width is variable to 500 metres.
The drill program at Moly Brook is being completed by Geoscott Consultants under
the supervision of Dave Visagie, P. Geo., a Qualified Person as defined by NI
43-101.
At Moly Brook, drill core is sawn into halves with on half being sent for
analysis and the other kept for future reference. All samples are prepared at
Accurassay Labs' prep facility in Gambo, Newfoundland using a 600 gram split
with the resultant pulp being analyzed at Accurassay Labs, Thunder Bay, Ontario
using a 4 acid digestion with analysis by Induced Couple Polarization (ICP). A
stringent program of check, blank and duplicate sampling is employed.
On Behalf of the Board of Directors
TENAJON RESOURCES CORP.
D. Bruce McLeod, President
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press
release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be achieved
and other similar expressions. Forward-looking statements are subject to
business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the
forward-looking statements.
Forward looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation
to update forward-looking statements even if circumstances or management's
estimates or opinions should change. Investors should not place undue reliance
on forward-looking statements.
Table of Results for Moly Brook Property Holes MB-08-13 to MB-08-19
---------------------------------------------------------------------
Length From To Interval Mo MoS2
HOLE (m) (m) (m) (m) (m) (m)
---------------------------------------------------------------------
MB-08-13 410.67 1.53 410.67 409.14 0.061 0.102
---------------------------------------------------------------------
or 108.81 349.6 240.79 0.074 0.123
---------------------------------------------------------------------
inc 127.15 157.58 30.48 0.119 0.198
---------------------------------------------------------------------
inc 215.49 270.43 54.94 0.094 0.157
---------------------------------------------------------------------
inc 307.01 322.17 15.16 0.092 0.153
---------------------------------------------------------------------
inc 340.64 349.6 8.61 0.099 0.165
---------------------------------------------------------------------
386.28 404.57 18.29 0.071 0.118
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-14 401.4 87.48 349 262.22 0.069 0.115
---------------------------------------------------------------------
inc 87.43 114.91 27.43 0.073 0.122
---------------------------------------------------------------------
or 200.03 337.5 137.47 0.092 0.153
---------------------------------------------------------------------
inc 200.03 276.52 76.52 0.131 0.218
---------------------------------------------------------------------
and 316.16 337.5 21.34 0.08 0.133
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-15 1.5 361.89 360.37 0.074 0.123
---------------------------------------------------------------------
130.18 343.6 213.47 0.1 0.167
---------------------------------------------------------------------
or 151.52 239.94 88.42 0.118 0.197
---------------------------------------------------------------------
and 291.77 343.6 51.83 0.107 0.178
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-16 215.55 276.52 60.97 0.053 0.088
---------------------------------------------------------------------
355.79 438.11 82.32 0.052 0.087
---------------------------------------------------------------------
inc 377.13 432.01 54.88 0.065 0.108
---------------------------------------------------------------------
or 377.13 386.28 9.15 0.156 0.26
---------------------------------------------------------------------
and 419.82 432.01 12.4 0.07 0.117
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-17 72.56 182.32 109.76 0.054 0.09
---------------------------------------------------------------------
or 96.95 182.32 85.47 0.062 0.103
---------------------------------------------------------------------
inc 96.95 112.2 15.25 0.092 0.153
---------------------------------------------------------------------
and 139.63 182.32 42.59 0.074 0.123
---------------------------------------------------------------------
inc 139.63 157.93 18.3 0.1 0.167
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-18 133.2 380.18 246.98 0.049 0.082
---------------------------------------------------------------------
inc 133.2 188.06 48.75 0.065 0.108
---------------------------------------------------------------------
212.45 264.33 51.88 0.056 0.093
---------------------------------------------------------------------
313.11 331.4 18.39 0.063 0.105
---------------------------------------------------------------------
355.79 380.18 24.4 0.065 0.108
---------------------------------------------------------------------
---------------------------------------------------------------------
MB-08-19 81.99 368.5 286.5 0.044 0.073
---------------------------------------------------------------------
inc 109.43 176.48 87.05 0.071 0.118
---------------------------------------------------------------------
or 109.43 124.66 15.23 0.1 0.167
---------------------------------------------------------------------
161.24 176.48 15.23 0.099 0.165
---------------------------------------------------------------------
280.11 301.45 21.34 0.065 0.108
---------------------------------------------------------------------
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