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
March 26, 2008 #08-07
Tenajon Intersects Anomalous
Molybdenum Values Over 150m Strike Length at Burn Project, British Columbia
Results Include 67.00 Metres Averaging
0.060% Molybdenum (Mo)
Tenajon
Resources Corp
(TSX-V: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 the 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.
Hole
|
Length (metres)
|
From (metres)
|
To
(metres)
|
Interval
(metres)
|
Mo
(%)
|
MoS2
(%)
|
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.
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.