BRITISH COLUMBIA – The Ajax molybdenum deposit 14 km north of Alice Arm has even more mineralization than previously thought. TENAJON RESOURCES now puts the inferred resource at 345.07 million tonnes grading 0.070% Mo at a cutoff of 0.04% Mo. These new numbers represent a 7% increase in contained metal (532.60 million lb of moly) and a 30% increase in grade over historical estimates.
Vancouver-based Tenajon holds 100% interest in the Ajax deposit and will begin 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 holes (of approximately 1,200 metres each).
Geologists in particular will enjoy the Ajax project photo gallery at www.Tenajon.com.