High grade results send Tenajon under]]

Vancouver-listed Tenajon Silver Corp. is going underground on the sb property, located 25 km northwest of Stewart, B.C., just south of Westmin Resource’s Big Missouri property.

The decision is based on a high grade, 1.3-ft intersection obtained at a depth of 65 ft and another 52.5-ft wide intersection in another hole put down 1,500 ft away that graded 0.714 oz gold per ton.

The company will continue to drill 3-5 holes from surface, at least until the end of February, according to President Donald A. McLeod, but the contract for 1,000 ft of underground work has already been awarded. Assay results from 11 other holes have yet to come in.

Tenajon can earn a 50% interest in the property by spending $1.2 million by 1989. The property is held jointly by Esso Minerals Canada of Vancouver and Silver Butt Mines.

Tenajon raised about $630,000 in a common share and flow-through share offering last July.