TENAJON RES CORP. TJS 345 MT of 0.070% Molybdenum - 500 Beiträge pro Seite

[TopShoot]

Tenajon Resources Corp.
TSX VENTURE: TJS
INDUSTRY: Mining




Email A Friend Add to Hot Off The Wire Signup for Hot Off The Wire


JUNE 27, 2006 - 08:00 ET Show Text
Show Financial Table(s)
Show All


Tenajon Resources Corp.: Inferred Resource Increases to 345 MT of 0.070% Molybdenum

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2006) - Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") is pleased to release the results from an independent Mineral Resource estimate for the Ajax Molybdenum Deposit located 14 km north of Alice Arm, BC. The estimate was prepared by independent consultant, Giroux Consultants Ltd. Giroux estimates that the Ajax deposit contains an Inferred Resource of 345 million tonnes grading 0.070 per cent molybdenum above a cut-off grade of 0.04 per cent molybdenum. A summary of the Mineral Resource at the Ajax deposit at various cut-off grades is tabulated below:



AJAX PROJECT - INFERRED MINERAL RESOURCE
---------------------------------------------------Cutoff Tonnes greaterGrade than Cutoff Grade greater than Cutoff--------------------------------------------------- Mo MoS2 Million lbsMo (%) (tonnes) (%) (%) Mo---------------------------------------------------0.04 345,070,000 0.070 0.117 532.6---------------------------------------------------0.05 341,550,000 0.071 0.118 534.7---------------------------------------------------0.06 294,290,000 0.073 0.122 473.7---------------------------------------------------




This represents a significantly larger Mineral Resource than the historical number often referred to of 174 million tonnes at 0.074% Mo (or 0.123% MoS2). This historical resource was estimated prior to the inception of NI 43-101 and was referred to (by Newmont) as a "drill indicated reserve" and was completed by sectional polygonal method. The closest comparable historical resource available is 417 million tonnes at 0.054% Mo (or 0.09% MoS2), which represents the total resource at the time (CIM Special Volume 15 (1976), Table 3, page 422).

"The resource estimate represents an over 7% increase in the contained metal and 30% increase in grade over historically reported estimates completed on the Ajax Molybdenum Deposit," said Bruce McLeod, President & CEO of Tenajon. "The Ajax deposit is still open laterally and at depth. There is significant potential to increase both the size and grade of the deposit by drilling the deposit to depth. The current resource estimate is based largely on historic data which was hampered by poor core recovery. The 2005 drill program which twinned two holes resulted in an average grade increase of 14% over the 1960's drilling. Because of the limited influence of the 2005 drilling we feel that the entire resource grade may be under represented."

Tenajon Resources Corp. holds a 100% interest in the Ajax Molybdenum Deposit and is commencing a 7,000 metre drill program in early July to test the deposit at depth. The review of all project data suggests that previous drilling tested only the top portion of the deposit and that a higher-grade core of the porphyry system could be found deeper in the deposit. Tenajon plans to test this interpretation by drilling six deep drill holes (of approximately 1,200m each).

Mineral Resources for the Ajax Deposit were estimated based on 29 drill holes, including 3 holes drilled in 2005 (2 twin holes and 1 infill). A 3-D model of the mineralization at Ajax was created by Tenajon using GEMS® software. This mineralized domain was largely based on the historical interpretations (by Newmont) resolved in the third dimension and incorporation of the most recent drilling. The resulting solid, represents an approximately 0.05% Mo grade-shell. Assays were then composited for 12m intervals and statistical analysis and variography completed for the mineralized domain. Ordinary kriging was then used to interpolate the molybdenum grades into the block model, with individual blocks 50m by 50m by 24m high. A bulk density value of 2.67 g/cc was used for consistency with the historical estimates. Tenajon will be building a new database of bulk density determinations from all 2005 and 2006 core to better define bulk density variations. Due to the density of the data as compared to the size of the deposit, the entire Mineral Resource has been classified as Inferred.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Mineral Resource estimates do not account for mineability, selectivity, mining loss and dilution. Inferred Mineral Resources are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these Inferred Mineral Resources will be converted to Measured and Indicated categories through further drilling, or into Mineral Reserves once economic considerations are applied.

A 0.04 percent molybdenum cut-off grade is considered to be comparable with that used for porphyry deposit operations in North America, and will be verified upon completion of a feasibility study.

The Resource estimate was completed under the direction of Gary Giroux, P.Eng., an independent qualified person as defined by National Instrument 43-101. A technical report detailing the Resource estimate will be filed on www.sedar.com within 30 days.

Ali Shahkar, P. Eng., who is a Qualified Person as defined by NI 43-101, will supervise the Ajax exploration program.

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.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

CONTACT INFORMATION
Tenajon Resources Corp.
Investor Relations
[phone] or Toll Free: 1-888-338-2200
[phone] (FAX)
[e-mail]
www.tenajon.com

[TopShoot]

Eine neue PERLE !

http://www.ccnmatthews.com/news/releases/show.jsp?action=sho…

[TopShoot]

http://www.tenajon.com/news/index.php?mod=cnt&act=cnt&id=64

[SharpRatio]

Antwort auf Beitrag Nr.: 22.297.545 von TopShoot am 27.06.06 14:11:44

Das Leben kommt in den Titel zurück.

[SharpRatio]

Antwort auf Beitrag Nr.: 22.297.545 von TopShoot am 27.06.06 14:11:44

[SharpRatio]

Antwort auf Beitrag Nr.: 22.297.545 von TopShoot am 27.06.06 14:11:44

MACD wird langsam positiv und die weißen Kerzen kommen zurück.

[SharpRatio]

Antwort auf Beitrag Nr.: 22.297.545 von TopShoot am 27.06.06 14:11:44

Heute gabs News:

Tenajon Resources Corp.: Ajax Molybdenum Deposit Extended 500m Vertically, Results Include 145m of 0.064% Molybdenum Including 12.57m at 0.107% Mo
12/18/2006
VANCOUVER, BRITISH COLUMBIA, Dec 18, 2006 (CCNMatthews via COMTEX News Network) --

Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced that it has received the remaining assay results from the 2006 deep drilling program on its 100% owned Ajax Molybdenum Property located 13 km north of Alice Arm, BC. Results from the deepest hole drilled in the 2006 program (DDH06-06) include 145.83m at 0.064% Mo, including 12.57m at 0.107% Mo. This hole bottomed in mineralization with the final 7.62m assaying 0.099% Mo, extending the known mineralization over 500m below the pre-2006 drilling and doubling the vertical extent of the deposit.

The 2006 drill program was designed to expand the currently defined Inferred Mineral Resource of 345 million tonnes at 0.070% Mo (0.117% MoS2) to depth, and to test for higher grade mineralized zones along the flanks of the system.

The Ajax Molybdenum deposit occupies a surface area approximately 650m by 600m and this summer's drilling has extended the depth of the zone from surface to depths of over 1 kilometer, and remains open at depth. The mineralized system includes several areas of higher grade mineralization and these areas in the upper portion of the deposit are generally structurally controlled by the faulting that occurred during the formation of the deposit. Similar structures were also witnessed in the recent drill program where the holes typically intersect several higher grade zones. With the additional information gained from this program, Tenajon will be able to better target and define areas of higher grade mineralization, as it advances the Ajax project to the next phase of definition drilling. The details of the final three drillholes are discussed below.

Drillhole DDH06-04 was drilled at a dip of -63 degrees, from the same setup as drillhole DDH06-01(-47 dip). The drillhole was terminated at a depth of 449.59m due to drilling difficulties. This hole only intersected the eastern arm of the deposit at approximately 200m below historic drilling.

Drillholes DDH06-05 and DDH06-06 were drilled at dips of -65 and -73 degrees respectively, from the same location as drillhole DDH06-03 (-57 dip). Both holes ended within the mineralized porphyry system, at the drilling capacity of the available rig, over 500 metres below any historic drilling. Please see the attached diagram for 2006 drill hole location map (http://www.ccnmatthews.com/docs/TJS.jpg).

Results for all of the drill holes at Ajax, including those previously released are summarized below:



-------------------------------------------------------------
Hole From To Length Mo%
(m) (m) (m)
-------------------------------------------------------------

-------------------------------------------------------------
DDH06-01(i) 312.42 364.24 51.82 0.062
-------------------------------------------------------------
including 333.4 352.04 18.64 0.081
-------------------------------------------------------------

-------------------------------------------------------------
DDH06-03(i) 340.77 352.96 12.19 0.068
-------------------------------------------------------------
AND 418.7 511.67 92.97 0.065
-------------------------------------------------------------
including 465.73 480.97 15.24 0.083
-------------------------------------------------------------
AND 523.40 669.95 146.55 0.073
-------------------------------------------------------------
including 523.40 562.80 39.4 0.095
-------------------------------------------------------------

-------------------------------------------------------------
DDH06-04 349.00 443.90 94.90 0.065
-------------------------------------------------------------
including 373.38 385.57 12.19 0.086
-------------------------------------------------------------
also including 422.15 443.90 21.75 0.086
-------------------------------------------------------------

-------------------------------------------------------------
DDH06-05 346.86 583.69 236.83 0.057
-------------------------------------------------------------
including 558.78 562.95 4.17 0.119
-------------------------------------------------------------
also including 575.31 583.69 8.38 0.100
-------------------------------------------------------------
AND 702.09 780.22 78.13 0.057
-------------------------------------------------------------
including 758.34 765.53 7.19 0.089
-------------------------------------------------------------

-------------------------------------------------------------
DDH06-06 614.04 759.87 145.83 0.064
-------------------------------------------------------------
including 629.95 642.52 12.57 0.107
-------------------------------------------------------------
also including 676.05 685.19 9.14 0.082
-------------------------------------------------------------
also including 706.53 719.42 12.89 0.072
-------------------------------------------------------------
also including 752.25 759.87 7.62 0.099
-------------------------------------------------------------
(i) previously released drill hole


Tenajon is currently in the process of data compilation and modeling of the deposit, in preparation for updating the resource estimate.

A preliminary route survey has been completed to reestablish road access to the deposit. In addition, preliminary environmental baseline sampling and metallurgical testing are ongoing.

Ali Shahkar, P. Eng., who is a Qualified Person as defined by NI 43-101, supervised the Ajax Property exploration program. Drill core was sawn in half by company personnel and delivered to Acme Analytical Labs (in Vancouver) for assaying, using their 7TD package (4-acid digestion followed by analysis by ICP-ES). A check sampling program using standards, blanks and duplicates is utilized by the Company.

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.

SOURCE: Tenajon Resources Corp.

Tenajon Resources Corp. D. Bruce McLeod President [phone] or Toll Free: 1-888-338-2200 [phone] (FAX) Email: [e-mail] Website: www.tenajon.com
Copyright (C) 2006 CCNMatthews. All rights reserved.