Tenajon Resources Corp. - Moly Brook Project

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Moly Brook Property

Tenajon has a 100% interest in the Moly Brook Molybdenum Property, located 2.5 km from the Hamlet of Grey River on the southern coast of Newfoundland.

Highlights

Discovered in 1995 by Royal Oak Mines Inc. while exploring for gold
Located in a mining friendly district on the southern coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord
A first phase 3,633 metre diamond drill program was completed in November 2007
Preliminary results indicate that the deposit has the potential to host a significant bulk tonnage molybdenum deposit
Consistent near surface, high grade molybdenum intercepts over significant widths were encountered in the 2007 drill program
Significant historical drill results (not 43-101 compliant) on trend and approximately 2km to the south of the Moly Brook Zone highlight the size potential of this molybdenum deposit
Currently in the planning phase of a multi-drill follow up program on Moly Brook which is to commence early this Spring
The system is open on strike and at depth

Project History

The Moly Brook Property is located 2.5 km from the Hamlet of Grey River on the south coast of Newfoundland, less than 4 km from a deep water, ice free, navigable fjord. Molybdenum was first discovered at Moly Brook in 1995 by the now defunct Royal Oak Mines Inc. while exploring for gold. On the basis of just four drill holes, Royal Oak was satisfied that it had discovered a significant porphyry-style molybdenum deposit. However, due to extremely low molybdenum prices at the time and Royal Oak's deteriorating financial situation, they discontinued all exploration in Eastern Canada shortly after the discovery.

Three small diameter sized drill holes drill by Royal Oak Mines Inc. in 1995 and 1996 tested a 300 metre segment of the higher grade soil Mo/Cu anomaly. All of the holes intersected molybdenum/copper mineralization with several sections containing high grade molybdenum values. In addition, all three holes ended in significant molybdenum mineralization leaving the zone open in all directions. Drill holes were spaced approximately 150m apart (north-south) at and shallow angles.

Historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. Investors are cautioned that recent independent verification has not been completed and the historical data should not be relied upon.

2007 Exploration Program

In November 2007, Tenajon completed a phase one 12 hole drill program totaling 3,633 metres in length, testing the target zone over 750 metres of strike length. The program was designed to follow-up on the results of geochemical and geophysical surveys that expanded the area of potential molybdenum-copper mineralization previously defined by Royal Oak Mines Inc. Soil sample results, using the 25 ppm Mo in soil contour, outlined a 1,200 metre long and up to 700 metre wide anomaly. Coincidental with the soil anomaly was a 1,500 metre long and up to 800 metre wide zone of high chargeability, as defined by I.P. surveying.

To date, results from the first eight diamond drill holes have been reported. The 2007 drill program has resulted in consistent near surface, high grade molybdenum intercepts over significant widths, showing that the Moly Brook deposit has the potential to host a significant bulk tonnage molybdenum deposit. The latest results extend the Moly Brook Zone to a strike length in excess of 500 metres with significant mineralization being encountered over a 300 metre elevation with the zone being open on strike and to depth. In addition the Company has reviewed historical reports from the property which show two short holes located 1.8 kilometers on trend to the south from the Moly Brook Zone intersected molybdenum values, further highlighting the size potential of the deposit. Results included a 27.43 metre long hole averaging 0.057% Mo with the last 7.61 metres averaging 0.118% Mo (non 43-101 compliant).

The results from the first eight drill holes are summarized below:

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	0.08

MB 07-2	18.89	391.97	373.08	0.066	0.11
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	107.9	315.16	207.26	0.084	0.14
Incl.	132.28	244.15	111.87	0.108	0.18
or	150.57	217.63	67.06	0.138	0.23

MB 2007-4	14.02	392.35	378.33	0.078	0.13
Incl.	14.02	35.36	21.34	0.1	0.167
	53.64	84.12	30.48	0.081	0.135
	87.12	108.51	21.39	0.1	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	336.5	392.35	55.85	0.091	0.152

MB 2007-5	31.39	317.91	285.52	0.074	0.123
Incl.	31.39	37.49	6.1	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	152.1	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	196.9	218.26	21.36	0.071	0.118
	242.62	260.91	18.29	0.091	0.152
	285.29	300.52	15.23	0.05	0.083
or	196.9	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
	190.8	206.96	16.18	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	304.8	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

Hole MB 07-2 successfully tested the up dip extension of the mineralization in Royal Oak hole 95-01 and the along strike extension to that in Royal Oak hole 95-04. Results included a 373.08 metre intercept averaging 0.066% Mo. Within this intercept there is a 109.73 metre section averaging 0.097% Mo, corresponding with the western high grade portion of the Moly Brook Zone, and a 21.34 metre section averaging 0.133% Mo occurring in the eastern half. Hole MB 07-3 tested the eastern half of the Moly Brook Zone approximately 75 metres below Royal Oak hole 95-01. Due to the limited depth capacity of the drill, the western portion of the Moly Brook Zone as intersected in Hole MB 07-2 could not be tested at depth. Hole MB 07-3 intersected similar style mineralization with the intersections being wider and higher grade than those in holes MB 07-2 and Royal Oak hole 95-01. Hole MB 07-3 demonstrates that mineralization intersected in Royal Oak hole 95-01 can be traced from surface to in excess of 150 metres below surface with the zone being open in all directions.

Holes MB 07-4 through 8 tested the Moly Brook Zone on strike from Holes MB 07-2 and 3. Hole MB 07-7 tested the northern extension of the eastern portion of the Moly Brook Zone north of the Moly Brook Fault. All of the holes intersected similar styles of mineralization over varying widths. In part due to capacity of the drill rigs, some of the holes ended while in significant molybdenum mineralization. Hole MB 07-7 intersected molybdenum values north of the Moly Brook Fault with anomalous values occurring throughout the last 200 metres. Hole MB 07-08 is the deepest test of the Moly Brook Zone to date. Incorporating the results of Hole MB 07-2 with those of Hole MB 07-8, the deposit shows high grade molybdenum values have been encountered at the Moly Brook Zone over 300 metres in vertical distance. The ultimate width of the zone has not been determined as several of the holes ended in significant mineralization. Click here to view a 2007 drill hole location map.

The work at Moly Brook was completed by GeoScott Exploration 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 Inductively Coupled Plasma Mass Spectrometry (ICP-MS). 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. All of the soil and rock samples were prepared and analyzed by Eastern Analytical Labs, located in Springdale, Newfoundland. Rock samples are crushed with a jaw crusher to 75% passing 10 mesh and split with a riffle splitter to approximately 250 grams. The samples are then pulverized to 95% passing 150 mesh and then analyzed for gold using fire assay with an A.A. finish using a half assay ton. Assay standards are entered into the sequence to maintain accuracy.

Moly Brook Geology

At the Moly Brook Property molybdenite occurs primarily along the rims of a series of north trending, subvertical sheeted veins and fracture faces over a 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. The style of mineralization appears to be similar to that at Thompson Creek Metal's Endako Mine in British Columbia where the majority of molybdenite occurs within a sheeted vein and fracture system.

Molybdenum mineralization was first discovered on the property in 1995; outcropping mineralization was sampled over nearly 550m of section along an unnamed stream, subsequently named Moly Brook. The outcrop in the stream bed and adjacent walls exhibits typical porphyry textures, strong alteration and porphyry style molybdenum mineralization over the entire section. Coarse molybdenite is found in quartz veinlets and fractures cutting a hornblende and feldspar porphyritic quartz monzonite. It is associated with minor chalcopyrite, fluorite, gypsum and pyrite. Follow-up prospecting and mapping located similar mineralization in outcrops south of the stream and outlined an area approximately 1,100m long (north-south) by 450m wide (east-west) where these outcrops were noted. Geologists reportedly mapped hydrothermal alteration over an area approximately 2 square kms surrounding the molybdenum rich core of the porphyry. Ground based total field magnetics and a detailed soil geochemistry program show coincident anomalies over the porphyry stock and mineralized area.

Moly Brook Acquisition

Tenajon entered into a binding agreement for the acquisition of 100% of the 675 ha Moly Brook property with an arms length syndicate of holders for the sum of $20,000 and 350,000 shares. The Moly Brook property is subject to a 2% NSR, of which 1.5% can be purchased by Tenajon for C$1,500,000. A finders fee of $2,000 and 35,000 shares were issued in respect to the Moly Brook acquisition.