Tenajon Announces High Grade Drill Results From Moly Brook, Newfoundland
2008年9月15日 - 9:30PM
Marketwired Canada
Tenajon Resources Corp (TSX VENTURE:TJS) (the "Company" or "Tenajon") today
announced that it has received the results for eight additional diamond drill
holes recently completed at its Moly Brook Molybdenum Property, located on the
south coast of Newfoundland.
Significant results were encountered in four holes including intercepts of 204.7
metres located in Hole MB08-27 averaging 0.081% molybdenum and 210.37 metres
located in Hole MB08-29 averaging 0.054% molybdenum. Both holes contain higher
grade sections, in particular Hole MB08-27 intersecting a 112.81 metre section
averaging 0.110% molybdenum.
The holes were part of a 10,000 metre drill program designed to determine the
limits of the Moly Brook Zone and test the along strike to the south and width
of the zone including dip extensions of the molybdenum mineralization outside of
the central core of molybdenum mineralization previously identified on the
property.
Holes MB08-27 and MB08-29 were drilled to test the continuity of the western
portion of the Moly Brook Zone, approximately 80 metres to the south of Hole
MB08-13 (409.14 metres averaging 0.061% molybdenum including a section of 240.79
metres averaging 0.074% molybdenum). Hole MB08-27 intersected a 307.93 metre
section averaging 0.063% molybdenum. Within the section there are higher grade
intercepts including 112.81 metre section averaging 0.110% molybdenum. Hole
MB08-29 tested the continuity of the intersection in Hole MB08-29 100 metres up
dip and intersected a 210.37 metre section averaging 0.054% molybdenum. Within
the section there are higher grade intercepts including a 73.17 metre section
averaging 0.084% molybdenum.
Holes MB08-22 and MB08-24 were drilled to test the continuity of the zone to the
south of Hole MB08-28 at an 80 metre step-out. Both holes intersected widespread
molybdenum values. Hole MB08-22 intersected several sections containing
anomalous molybdenum values throughout its length including a 103.66 metre
intercept averaging 0.050% molybdenum. Within the intercept there is a 21.34
section averaging 0.071 % molybdenum. Hole MB08-24 intersected several sections
containing anomalous molybdenum values including a 106.72 metre section
averaging 0.045% molybdenum. Within the section there is a 42.67 metre intercept
averaging 0.053% molybdenum.
Hole MB08-31, drilled 90 metres to the south of MB08-24 intersected widespread
low grade 0.01-0.02% molybdenum corresponding with the zone.
Hole MB08-26 was drilled to test the up dip continuity of the section
intersected in Hole MB08-24. Several narrow sections, up to 18 metre wide, were
intercepted with the best section averaging 0.064% molybdenum over 9.10 metres.
It appears that the zone on this section is increasing in width and grade with
depth.
Hole MB08-30 was drilled to test the continuity of the mineralization
intersected in Hole MB08-28 (results pending). The hole intersected several
weakly mineralized zones corresponding with the projection of the mineralization
intersected in Hole MB 08-28. Based on the visual observations it appears that
the zone is getting stronger with depth.
Hole MB08-33 was drilled to test the up dip continuity of the zone intersected
in hole MB 08-25. The hole intersected widespread, low grade 0.010 to 0.030%
molybdenum values corresponding with the zone.
It is interpreted that the zone to the west and south is steepening with
overburden cover increasing. Holes MB08-24, MB08-31, MB08-28 and MB08-30 appear
to confirm this model. Additional drilling will be required to confirm the model
that in the southern portion of the deposit grades will improve with depth.
The Moly Brook Zone is one of three zones of molybdenum mineralization located
within a 2.2 km long trend. The Moly Brook Zone is located on the north side of
Long Pond, the Wolf and the Chimney Zones are to the south. Long Pond lies along
an east-west fault. It is interpreted that the fault has resulted in the
southern bloc being shifted upwards resulting in molybdenum values occurring at
surface at the Wolf and Chimney Pond Zones. The Wolf Pond Zone is located 800
metres south of the Moly Brook Zone. Recent sampling and mapping at the Wolf
Pond Zone have identified molybdenum within a sheeted quartz vein system over a
200 metre width. Presently mapping and sampling are being undertaken to
determine the grade and extent of the zone. The Chimney Pond Zone is located 1.5
km south of the Moly Brook Zone. Previous work in the 1960's outlined an
extensive molybdenum in soil anomaly. Both pack sack holes drilled in to the
zone intersected widespread molybdenum values with one of the holes averaging
0.057% molybdenum over its 27.44 metre length with the last 7.62 metres
averaging 0.118% molybdenum.
For current drill hole locations along with detailed cross sections please view
the accompanying maps:
http://www.tenajon.com/i/maps/MolyBrook/2008-09-15DHLocationMap.jpg
http://www.tenajon.com/i/maps/MolyBrook/2008-09-15SectionB.jpg
http://www.tenajon.com/i/maps/MolyBrook/2008-09-15SectionD.jpg
The following is a listing of the results for the holes reported above.
-------------------------------------------------------
Length From To Int. Mo MoS2
Hole (m) (m) (m) (m) (%) (%)
-------------------------------------------------------
MBO8-22 641.0 72.26 90.55 18.29 0.054 0.09
-------------------------------------------------------
96.65 127.13 30.48 0.040 0.07
-------------------------------------------------------
270.43 291.77 21.34 0.059 0.10
-------------------------------------------------------
310.06 413.72 103.66 0.050 0.08
-------------------------------------------------------
INC 374.09 395.43 21.34 0.071 0.12
-------------------------------------------------------
432.01 438.11 6.10 0.046 0.08
-------------------------------------------------------
450.31 480.49 30.18 0.033 0.05
-------------------------------------------------------
523.90 526.95 3.05 0.093 0.15
-------------------------------------------------------
544.82 566.15 21.33 0.033 0.05
-------------------------------------------------------
MB08-24 523 43.90 62.20 18.30 0.077 0.13
-------------------------------------------------------
INC 43.90 50.00 6.10 0.206 0.34
-------------------------------------------------------
254.27 266.46 12.19 0.062 0.10
-------------------------------------------------------
312.20 418.92 106.72 0.045 0.07
-------------------------------------------------------
INC 312.20 354.87 42.67 0.053 0.09
-------------------------------------------------------
OR 367.07 391.47 24.40 0.057 0.09
-------------------------------------------------------
470.73 482.93 12.20 0.056 0.09
-------------------------------------------------------
MB08-26 535 171.95 175.00 3.05 0.058 0.10
-------------------------------------------------------
193.29 199.39 6.10 0.045 0.07
-------------------------------------------------------
235.98 254.27 18.29 0.033 0.05
-------------------------------------------------------
300.00 306.10 6.10 0.047 0.08
-------------------------------------------------------
333.54 342.68 9.14 0.064 0.11
-------------------------------------------------------
388.41 391.46 3.05 0.053 0.09
-------------------------------------------------------
412.80 415.85 3.05 0.054 0.09
-------------------------------------------------------
MB08-27 478.5 7.01 314.94 307.93 0.063 0.10
-------------------------------------------------------
OR 110.67 314.94 204.27 0.081 0.13
-------------------------------------------------------
Inc 116.76 229.57 112.81 0.110 0.18
-------------------------------------------------------
138.11 226.52 88.41 0.122 0.20
-------------------------------------------------------
MB08-29 380 17.07 227.44 210.37 0.054 0.09
-------------------------------------------------------
INC 26.22 142.06 115.84 0.067 0.11
-------------------------------------------------------
or 26.22 99.39 73.17 0.084 0.14
-------------------------------------------------------
or 26.22 47.55 21.35 0.158 0.26
-------------------------------------------------------
MB08-30 357.6 1.50 3.96 2.46 0.030 0.05
-------------------------------------------------------
25.30 28.35 3.05 0.044 0.07
-------------------------------------------------------
64.94 67.99 3.05 0.042 0.07
-------------------------------------------------------
119.82 141.16 21.34 0.038 0.06
-------------------------------------------------------
MB08-31 484 1.83 10.98 9.05 0.040 0.07
-------------------------------------------------------
35.37 47.56 12.19 0.037 0.06
-------------------------------------------------------
90.24 96.34 6.10 0.040 0.07
-------------------------------------------------------
MB08-33 291.7 23.48 38.72 6.10 0.036 0.06
-------------------------------------------------------
47.87 57.01 9.14 0.046 0.08
-------------------------------------------------------
178.96 182.01 3.05 0.045 0.07
-------------------------------------------------------
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.
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 to depths of up to 300 metres below
surface. The zone is open to the north and south and at depth. Assuming a
general sub vertical orientation to the zone the width is variable to 500
metres. Based on the data the zone appears to be oval shaped. The central
portion of the zone is exposed on surface while the western portion dips under
cover.
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.
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