Tenajon Resources Corp. (TSX VENTURE:TJS) (the "Company") today announced the
results for the first three diamond drill holes from the 2007 exploration
program at its Ajax Molybdenum Property. The Ajax Molybdenum Property is located
near Kitsault, northwestern British Columbia. Results include a 109.49 metre
intercept averaging 0.126% Mo from the westernmost drill hole completed to date
within the deposit. The 2007 diamond drill program is designed to:


1. Improve confidence in near surface mineralized zones;

2. Convert resources from the inferred to the measured and indicated category;

3. Test the theory which suggests that the grade of the deposit may have been
underreported due to the orientation of most of the drill holes completed during
previous drilling campaigns.


The Ajax Property hosts one of North America's largest undeveloped molybdenum
deposits. At a 0.040% Mo cut-off the deposit hosts inferred resources of 448.8
million tonnes grading 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). The
estimate was prepared by Giroux Consultants Ltd., an independent consulting firm
(released March 5, 2007). The current price of molybdenum is approximately
US$32.125/lb.


Prior to the commencement of the 2007 drill program the Company contracted Dr.
N. C. Carter, P. Eng., one of Canada's foremost experts on porphyry molybdenum
deposits, to undertake a review of the Ajax Property. In Carter's study he
states "The previous work on the Ajax Property suggests an area of enhanced
grade may be related to an east-northeast trending fault zone near the northern
limits of the current molybdenum zone." According to Carter this concept was
originally proposed by Newmont geologists in 1966 but was not acted upon.
Furthermore he concluded "Most of the holes completed on the Ajax Property have
been inclined holes drilled on west southwest orientations essentially parallel
to zones thought to contain enhanced molybdenum grades. A review of the results
to date suggests that intervals of better molybdenum grade are contained in
holes drilled within 100 metres of the east northeast fault zone."


Holes, 2007-1 to 3, tested a 300 metre long section of the deposit at 150 metre
intervals which was identified as potentially hosting higher grade molybdenum
values as proposed by Dr. Carter. All three holes intersected extensive sections
hosting anomalous molybdenum values adjacent to fault zones. The results are
summarized below.




-----------------------------------------------------------------
Hole       Length      From        To  Interval       Mo     MoS2
               (m)       (m)       (m)       (m)      (%)       %
-----------------------------------------------------------------
2007-1     313.64    109.42    287.14    177.72    0.056    0.093
-----------------------------------------------------------------
             Incl.   149.35    283.16    131.24    0.064    0.107
-----------------------------------------------------------------
2007-2     294.14    103.99    217.44    113.45    0.050    0.083
-----------------------------------------------------------------
             Incl.   153.93    187.45     33.52    0.067    0.112
-----------------------------------------------------------------
2007-3     260.61      3.05    239.27    236.22    0.091    0.152
-----------------------------------------------------------------
             Incl.    21.29     44.20     22.91    0.098    0.163
-----------------------------------------------------------------
              and    129.78    239.27    109.49    0.126    0.210
-----------------------------------------------------------------



Hole 2007-1 is the easternmost hole drilled, hole 3 the westernmost. The results
show the zone continues to be open along strike and dip. Additional drilling is
ongoing to further define the above trend and other areas of potential high
grade molybdenum within the Ajax Deposit.


The work at Ajax is being completed by Apex Geoscience under the supervision of
Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101.


At Ajax, drill core is sawn into halves with one half being sent for analysis
the other kept for future reference. All samples are prepared and analyzed at
Acme Analytical Labs using a four acid digestion with analysis by Induced Couple
Polarization. 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. In addition a limited amount of samples were
sent to ALS Chemex to determine the reproducibility of the results between labs.


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.
Tenajon Resources Com Npv Class A (TSXV:TJS)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Tenajon Resources Com Npv Class A Charts.
Tenajon Resources Com Npv Class A (TSXV:TJS)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Tenajon Resources Com Npv Class A Charts.