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In November 2007, Tenajon completed 13 drill holes totaling 2,639 metres of diamond drilling on the Ajax deposit. The purpose of the program was to:
- Improve confidence in near surface high-grade mineralized zones within a potential starter pit that could host approximately 37 million tonnes of the deposit at a 2.33:1 stripping ratio;
- Convert resources from the inferred to the measured and indicated category;
- Test a proposal put forth by Dr. Nicholas Carter, P. Eng., one of Canada's foremost experts on porphyry molybdenum deposits, 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 results are summarized below.
| Hole | Length (m) | From (m) | To (m) | Interval (m) | Mo (%) | MoS2 % |
|---|---|---|---|---|---|---|
| 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 | |
| 2007-4 | 197.21 | 34.33 | 166.73 | 132.4 | 0.026 | 0.043 |
| Incl. | 104.73 | 166.73 | 62.00 | 0.032 | 0.053 | |
| 2007-5 | 79.25 | Abandoned due to ground conditions | ||||
| 2007-6 | 244.76 | 0 | 244.76 | 244.76 | 0.049 | 0.081 |
| Incl. | 26.96 | 74.58 | 47.72 | 0.060 | 0.100 | |
| And | 134.91 | 187.45 | 52.54 | 0.076 | 0.127 | |
| 2007-7 | 222.81 | 0 | 222.81 | 228.81 | 0.039 | 0.069 |
| Incl. | 162.16 | 204.83 | 42.67 | 0.069 | 0.115 | |
| And | 212.14 | 222.81 | 10.67 | 0.069 | 0.115 | |
| 2007-8 | 222.70 | 14.63 | 70.17 | 55.54 | 0.065 | 0.108 |
| Inc. | 14.63 | 41.04 | 26.41 | 0.071 | 0.118 | |
| And | 58.00 | 70.17 | 12.17 | 0.071 | 0.118 | |
| 2007-9 | 190.81 | 0 | 190.81 | 190.81 | 0.077 | 0.128 |
| Inc. | 44.45 | 142.04 | 97.59 | 0.097 | 0.162 | |
| or | 104.86 | 151.18 | 46.32 | 0.144 | 0.240 | |
| Incl. | 114.61 | 142.04 | 27.43 | 0.194 | 0.323 | |
| 2007-10 | 186.84 | 5.59 | 127.10 | 121.51 | 0.075 | 0.125 |
| Incl. | 12.8 | 82.18 | 69.38 | 0.099 | 0.165 | |
| or | 12.8 | 64.11 | 51.31 | 0.118 | 0.196 | |
| or | 15.01 | 56.67 | 41.66 | 0.126 | 0.210 | |
| 2007-11 | 118.57 | 20.76 | 58.97 | 38.21 | 0.019 | 0.032 |
| 75.78 | 88.09 | 12.31 | 0.015 | 0.025 |
Holes 2007-1 to 3, 6, 8 and 9 tested for higher grade molybdenum mineralization along a 580 metre long section of the deposit with Hole 2007-08 being the most westerly hole drilled for which assay results have been received. All of the holes have intersected extensive sections hosting molybdenum mineralization adjacent to fault zones and the results show the zone continues to be open along strike and dip.
Hole 8 began in resource grade mineralization and is located approximately 80 metres west of Hole 2007-03. Hole 2007-9 also began in resource grade mineralization and was drilled approximately 45 metres up dip along section from Hole 2007-03. Drilling has now shown that there is continuity between the high grade molybdenum drilled in Holes 2007-03 and 2007-9. Holes 07-4 and 7 respectively tested the deposit along the north and south walls of a potential open pit.
Hole 2007-10, is located in the southwest corner of a possible open pit. The hole was drilled to test a northwest trending zone of molybdenum mineralization previously intersected in Hole 07-07, which was drilled 50 metres to the southeast and intersected 60.65 metres averaging 0.065% Mo, and in historic drill Hole 66-31, which is located 170 metres to the southeast and intersected 82.3 metres averaging 0.063% Mo (not 43-101 compliant). The results show the northwest trend has the potential to host near surface high grade molybdenum mineralization amenable to open pit mining.
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.
