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Tenajon has a 100% interest in the Moly Brook property which is located 2.5 km from the Hamlet of Grey River on the southern coast of Newfoundland, less than 4 kilometres 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. In 2007, Tenajon completed a successful 12 hole drill program totaling 3,633 metres in length. Drilling encountered consistent, near surface, higher grade molybdenum intercepts over significant widths. Results show that the Moly Brook mineralized zone occurs over a minimum strike length of 750 metres with the zone being open along strike and dip. Significant historical drill results, on trend and approximately 2 km to the south of the Moly Brook zone, further highlight the size potential of this deposit. In 2008, to follow up on the successes of 2007, the Company completed a 11,640 metre multi-drill program which indicates that the Moly Brook Zone continues at depth, is open to the west of previous drilling, demonstrates excellent down dip continuity, and molybdenum mineralization extends to surface. In 2009 a Resource estimate (NI 43-101 compliant) completed by Kirkham Geosystems Ltd. determined that at a 0.04% cutoff grade, the Moly Brook deposit contains an Indicated Resource of 86,.8 million tonnes grading 0.065% molybdenum (124.6 million pounds) and an Inferred Resource of 31.2 million tonnes grading 0.056% molybdenum (38.6 million pounds).
