NEWFOUNDLAND — Vancouver-based Tenajon Resources says the latest 43-101 report on its Moly Brook property estimates 124.6 million lb of molybdenum in indicated resources and another 38.6 million lb in inferred resources. Most of that is within a potential open pit, and there is also an opportunity for a higher-grade starter pit.
The resource estimate was prepared by Kirkham Geosystems. At a cutoff of 0.04% Mo, Kirkham estimates the Moly Brook zone to contain an indicated resource of 86.8 million tonnes grading 0.065% Mo and an inferred resource of 31.3 million tonnes grading 0.056% Mo. The zone is open along strike and at depth.
The Moly Brook zone is one of three areas of molybdenum mineralization located within a 2.5 km long trend that also includes the Wolf and Chimney Pond zones. The properties are located approximately 2.5 km from the Hamlet of Grey River on the south coast of Newfoundland.
Additional details are posted at www.Tenajon.com.