A
NORTHAIR GROUP COMPANY
SUITE
860
- 625
HOWE STREET
VANCOUVER, BC
V6C 2T6 CANADA TEL:
604-687-7545 FAX:
604-689-5041
PRESS RELEASE
FOR IMMEDIATE
RELEASE
February 21, 2008
#08-05
Tenajon Intersects 36.6 metres averaging 0.087%
Molybdenum at Moly Brook, Newfoundland
Molybdenum
Zone Successfully Extended Northwards Across the Moly Brook
Fault
Tenajon Resources Corp
(TSX-V:TJS) (the ?Company?) today announced that assay results have been
received for the final four holes from the 2007 exploration drill
program at its Moly Brook Property
located on the south coast of Newfoundland. Drilling has successfully extended the
Moly Brook Zone to
the north of the Moly Brook Fault (the ?fault?), extending the Moly Brook Zone to a strike length of
approximately 750 metres with the
zone being open along strike and dip.
Hole MB 07-09, one of three holes drilled north of
the fault, intersected a 100.48 metre section averaging 0.055% Mo (0.0917%
MoS2). Within the
section there is a higher grade intercept averaging 0.087% Mo (0.145%
MoS2)over 36.6 metres.
Hole MB-07-12 the most southerly hole drilled to date into the Moly Brook Zone intersected a 36.58 metre section
averaging 0.055% Mo (0.0917% MoS2). Within the intercept is an 11.28 metre
section averaging 0.104% Mo (0.173% MoS2). The ultimate width of the zone has not
been determined as several of the holes drilled ended in significant
mineralization.
The Moly Brook deposit occurs at the north end of a trend of molybdenum
bearing occurrences that have seen little work completed on them. Approximately 1.8 km to the south of the 2007 drilling,
Buchans Mining completed two short packsack, small diameter drill holes in
1964. Both holes intersected
anomalous molybdenum values with one of the holes averaging 0.057% Mo (0.095%
MoS2) over its entire length of 27.53 metres. The last 7.61 metres of the hole
averaged 0.118% Mo (0.197% MoS2). The Buchans drilling was completed
before the implementation of NI 43-101 and
Tenajon has no way of verifying the results.
?Results from this drilling campaign have shown that the Moly Brook
project has the potential to host a
significant bulk tonnage molybdenum deposit. This acquisition has proved to be a valuable asset for Tenajon and
complements the Ajax Molybdenum deposit which hosts an inferred resource of 448
million tonnes averaging 0.063% Mo (623.4 million pounds) and an indicated
mineral resource of 38.8 million tonnes averaging 0.064% Mo (56.4 million
pounds) at a 0.04% Mo cut-off.? said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, ?We are currently
in the implementation phase of a multi-drill follow up program on the Moly Brook Property which is to
commence early this spring?.
In 2007, Tenajon completed twelve holes totaling 3,633 metres in length
at Moly Brook. The holes tested the target zone over a 750 metre strike
length. Holes MB07-09 to MB07-11 were drilled to
test the potential for molybdenum mineralization to the north of the Moly Brook
Fault, which was previously thought
to cut-off the Moly Brook
Zone. Soil sampling to the north showed
the area to host low molybdenum values, however I.P. surveying outlined a zone
of high chargeability at depth that appeared to be the potential continuation of
the Moly Brook deposit. Holes MB
07-9 and 11 intersected sections hosting molybdenum mineralization similar to
that to the south of the fault and successfully extending the Moly Brook Zone to the north of the fault. Hole
MB 07-12 was drilled to test the zone 100
metres to the south of Hole
MB 07-06 (64 metres @ 0.057%
Mo). The results are summarized
below and complete results for the 2007 drill program are attached at the end of this
press release.
Hole |
Length (metres) |
From (metres) |
To
(metres) |
Interval
(metres) |
Mo (%) |
MoS2 (%) |
MB07-09 |
313.33 |
165.48 |
265.48 |
100.48 |
0.055 |
0.092 |
|
INC |
195.35 |
231.95 |
36.6 |
0.087 |
0.145 |
|
|
295.05 |
311.2 |
13.11 |
0.051 |
0.083 |
MB07-10 |
276.15 |
No Significant Results |
MB07-11 |
295.96 |
205.74 |
227.08 |
21.34 |
0.054 |
0.090 |
MB07-12 |
|
206.09 |
242.62 |
36.58 |
0.055 |
0.092 |
|
INC |
209.09 |
220.37 |
11.28 |
0.104 |
0.173 |
The section intersected in Hole MB 07-09
is associated with the zone of high chargeability. It appears that north of the Moly Brook
Fault the zone has been down dropped resulting in it being buried. Geophysical profiles show the associated zone of high
chargeability to extend at least 600 metres to the north (the limits of the
survey) of Hole MB 07-9.
Drilling has traced the Moly Brook zone over a 750 metre strike length
with the zone being open along strike to the south and north. The zone has been traced over a 300
metre vertical elevation and is also open at depth. Width is variable to 400 metres with the
ultimate width having not been determined as several of the holes ended in
significant mineralization. A drill
plan can be found by following the enclosed link: http://www.tenajon.com/i/maps/MolyBrook/2008-01-15DHLocationMap.jpg.
At the Moly Brook Property molybdenite occurs primarily along the rims of a series of north
trending, subvertical sheeted veins and fracture faces over an up to 450 x 1,100
metre area. On occasion quartz vein
stockwork is formed with molybdenite occurring in all of the vein
orientations. Molybdenite also
occurs as disseminations within the intrusion. Up to 3% combined pyrite and chalcopyrite
are commonly associated the molybdenite.
The work at Moly Brook was 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 one half being sent
for analysis and the other kept for future reference. All samples are prepared at Eastern Analytical using a 600 gram split
with the resultant pulp being analyzed at Acme Analytical Labs using a 4 acid
digestion with analysis by Induced Couple Plasma (ICP). A stringent program of check, blank and duplicate sampling is
employed throughout with duplicates standards and blanks being entered into the
sample stream at regular intervals.
On Behalf of the Board of
Directors
TENAJON
RESOURCES CORP.
Per: D. Bruce
McLeod
D. Bruce McLeod, President
FOR MORE INFORMATION CONTACT
THE COMPANY AT 1-604-687-7545 or Toll Free
1-888-338-2200
Internet: www.tenajon.com Email: info@northair.com
_________________________________________________________________________________________________________________________________________________
The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or accuracy of
this press release. 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.
2007 Moly Brook Drill
Results
To accompany
Tenajon Resources News Release Dated February 21, 2008
Hole |
From (metres) |
To (metres) |
Interval (metres) |
Mo (%) |
MoS2 (%) |
|
|
MB 07-1 |
4.27 |
7.32 |
3.05 |
0.037 |
0.062 |
|
and |
46.93 |
62.17 |
15.24 |
0.029 |
0.048 |
|
and |
119.48 |
123.13 |
3.65 |
0.048 |
0.080 |
|
|
|
|
|
|
|
|
MB 07-2 |
18.89 |
391.97 |
373.08 |
0.066 |
0.110 |
|
Incl. |
18.89 |
40.23 |
21.34 |
0.134 |
0.227 |
|
and |
226.16 |
335.89 |
109.73 |
0.097 |
0.162 |
|
or |
182.58 |
391.97 |
209.39 |
0.077 |
0.128 |
|
|
|
|
|
|
|
|
MB 07-3 |
107.90 |
315.16 |
207.26 |
0.084 |
0.140 |
|
Incl. |
132.28 |
244.15 |
111.87 |
0.108 |
0.180 |
|
or |
150.57 |
217.63 |
67.06 |
0.138 |
0.230 |
|
|
|
|
|
|
|
|
MB 2007-4 |
14.02 |
392.35 |
378.33 |
0.078 |
0.130 |
|
Incl. |
14.02 |
35.36 |
21.34 |
0.100 |
0.167 |
|
|
53.64 |
84.12 |
30.48 |
0.081 |
0.135 |
|
|
87.12 |
108.51 |
21.39 |
0.100 |
0.167 |
|
or |
53.64 |
108.51 |
54.87 |
0.085 |
0.142 |
|
and |
148.13 |
211.84 |
63.71 |
0.122 |
0.203 |
|
and |
248.72 |
276.15 |
27.43 |
0.091 |
0.152 |
|
and |
336.50 |
392.35 |
55.85 |
0.091 |
0.152 |
|
|
|
|
|
|
|
|
MB 2007-5 |
31.39 |
317.91 |
286.52 |
0.074 |
0.123 |
|
Incl. |
31.39 |
37.49 |
6.10 |
0.137 |
0.228 |
|
and |
55.78 |
83.21 |
27.43 |
0.095 |
0.158 |
|
or |
31.39 |
83.21 |
51.82 |
0.081 |
0.135 |
|
and |
128.93 |
152.10 |
23.17 |
0.099 |
0.165 |
|
|
208.18 |
317.91 |
109.73 |
0.085 |
0.142 |
|
Incl. |
238.65 |
272.19 |
33.54 |
0.106 |
0.177 |
|
and |
296.57 |
317.91 |
21.34 |
0.088 |
0.147 |
|
|
|
|
|
|
|
|
MB 2007-6 |
196.90 |
218.26 |
21.36 |
0.071 |
0.118 |
|
|
242.62 |
260.91 |
18.29 |
0.091 |
0.152 |
|
|
285.29 |
300.52 |
15.23 |
0.050 |
0.083 |
|
or |
196.90 |
300.58 |
103.68 |
0.046 |
0.077 |
|
|
|
|
|
|
|
|
MB 2007-7 |
81.07 |
101.94 |
20.87 |
0.064 |
0.107 |
|
|
131.97 |
145.08 |
13.11 |
0.055 |
0.092 |
|
|
190.80 |
206.96 |
16.16 |
0.056 |
0.093 |
|
|
255.42 |
283.77 |
28.35 |
0.038 |
0.063 |
|
Incl. |
280.11 |
283.77 |
3.66 |
0.124 |
0.207 |
|
|
|
|
|
|
|
|
MB 2007-8 |
30.78 |
304.80 |
274.02 |
0.085 |
0.142 |
|
Incl. |
80.47 |
91.14 |
10.67 |
0.142 |
0.237 |
|
|
110.95 |
120.09 |
9.14 |
0.177 |
0.295 |
|
or |
74.37 |
291.39 |
217.02 |
0.097 |
0.162 |
|
Incl. |
182.88 |
291.39 |
108.51 |
0.125 |
0.208 |
|
|
|
|
|
|
|
|
MB07-09 |
165.48 |
265.48 |
100.48 |
0.055 |
0.092 |
|
Incl. |
195.35 |
231.95 |
36.60 |
0.087 |
0.145 |
|
|
295.05 |
311.20 |
13.11 |
0.051 |
0.083 |
|
|
|
|
|
|
|
|
MB07-10 |
No Significant Results |
|
|
|
|
|
|
|
|
MB07-11 |
205.74 |
227.08 |
21.34 |
0.054 |
0.090 |
|
|
|
|
|
|
|
|
MB07-12 |
206.09 |
242.62 |
36.58 |
0.055 |
0.092 |
|
Incl. |
209.09 |
220.37 |
11.28 |
0.104 |
0.173 |
|