Senator Minerals Inc ~ News Releases in 2008

TSX-V: SNR
Frankfurt: T1K

Senator Minerals Inc is a TSX-Venture-listed junior exploration company with a diverse portfolio of property interests in North America. 

Senator controls:
+ a 100% interest in the large Taurus copper-moly-gold deposit in southeastern Alaska;
+ a 50% lease option interest in the Ivanhoe Creek gold-silver prospect and bentonite prospect;
+ 100% lease option interests in four highly prospective leased Midas-style gold-silver targets,
+ two 100% owned gold prospects in the Cortez Hills area;
+ option to earn 100% of the Mekinac rare earths/uranium and Cu-Mo targets, Quebec;
+ option to earn a 100% interest in the Geikie River uranium target, eastern Athabasca Basin, Saskatchewan;
+ applications for 43,026 hectares of coal prospects in Saskatchewan
+ 1% NSR on the Rosebud gold prospect in northwestern Arizona
+ 1% NSR's on both the Okey and Key high grade copper prospects in northeastern BC. 

2008-9    29 Jul 08  “Drill Program Commences on Taurus Cu-Mo-Au Property, Alaska” 

Senator Minerals Inc (“Senator” or “the Company”) reports that its 2008 summer drill program is underway on the Company’s 100% owned Taurus property in southeastern Alaska. 

 
Drilling objectives include:
 

• testing parts of the zone of anomalous IP chargeability that covers a total area of approximately 10 square kilometers and includes some coincident copper-in-soil and molybdenum-in-soil anomalies; and
• testing depths greater than 900 feet in areas where earlier drilling to 908 feet terminated in mineralization grading 0.55% copper.

2008-08  8 Jul 08  "Update, Taurus Cu-Mo-Au property, AK"

Senator Minerals Inc (“Senator” or “the Company”) reports that it has received an updated technical report on the Company’s 100% owned Taurus property in southeastern Alaska.  This report includes the results of independent check sampling carried out in 2007.

 
Nine selected core intervals were taken from the core racks in order to prepare check samples of the 1996 drilling results.  Every second piece of core split in 1996 was taken from the duly noted and labeled core intervals in order to provide a representative sample.  Check sampling assay results match well with 1996 reported results.
2007 Assay Results

Although the Taurus has been the subject of surface exploration and at least seven drilling programs between 1971 and 1996, the property is large and remains relatively unexplored. 

·       A zone of anomalous IP chargeability at an inferred depth of approx 500 feet covers a total area of approximately 10 square kilometers, with some coincident copper-in-soil and molybdenum-in-soil anomalies;

·       Hole 75-1, drilled vertically to 908 feet, had results of 0.401% copper and 0.039% molybdenum from the last 83 feet, and terminated in mineralization grading 0.55% copper;

·       Hole ET-2, drilled vertically to 950 feet, intersected gold mineralization with an average grade of .6 grams/t over 553 feet;

·       Holes 75-1, ET-1, and ET-2 were not assayed for gold originally, but in 1990 six samples of salvaged core assayed from .027 to 1.83 ounces per ton.

·       Other significant results include:
~ 458 feet of 0.29% copper, 0.045% molybdenum and 0.11 g/t gold in T96-30;
~ 348 feet of 0.30% copper, 0.044% molybdenum and 0.19 g/t gold in T96-32;
~ 420 feet of 0.204% copper, 0.031% molybdenum and 0.077 g/t gold in T96-37. 

2008-07  27 Jun 08  “Warrants Exercised; Options Granted”

Senator Minerals Inc (“Senator” or “the Company”) reports that it has received proceeds of $189,480 upon the exercise of 789,500 warrants allowing the purchase of common shares of the Company at $0.24 per share.

Included in the above are warrants exercised and common shares acquired by Insiders (Y) and Pro Group (P) participants:            Roger Kidlark               Y            10,000           
Richard Redfern           Y          275,000
 Jeffrey Scouten           Y            12,500
Michael Siggs              P              7,000
Donald Simon             Y          130,000

Senator also reports that it has granted incentive stock options to a consultant to the Company to purchase up to 150,000 common shares, exercisable for a period of two years from the date of issue at a price of $0.30 per share.

2008-06  13 Jun 08  "Mekinac Property Acquired, Quebec"

Senator Minerals Inc (“Senator” or “the Company”) reports that, subject to the approval of the TSX-Venture Exchange (the “Exchange”), it has signed an option agreement with Robert Rosenblat to earn a 100% interest in the 7-claim Mekinac property, located in southern Quebec, to the west of Quebec City.

Last exploration work on the property was in 1956.  Significant values of rare earths and uranium were reported at that time.  Copper and molybdenum mineralization was also reported.

 Terms of the agreement are: $100,000 cash to be paid as follows: $10,000 on Exchange approval, $15,000 on the first anniversary of the initial payment date, $20,000 on the second anniversary, $25,000 on the third anniversary, and $30,000 on the fourth anniversary, plus 500,000 common shares to be paid as follows: 100,000 shares on the first anniversary of the initial cash payment, and 100,000 shares on each of the second, third, fourth, and fifth anniversaries.  In addition, Senator is committed to exploration expenditures of $400,000, with a minimum of $40,000 on or before the first anniversary of the initial payment, and $60,000, $80,000, $100,000, and $120,000 on the subsequent anniversaries.

2008-05  27 Feb 08  "Don Stevens, PhD, CPG, Appointed as Technical Advisor"

Senator Minerals Inc (“Senator” or “the Company”) reports that, in preparation for upcoming work on its 100%-owned Taurus copper-moly-gold deposit in southeastern Alaska, it has further strengthened its technical team by retaining Don Stevens, PhD, CPG, as a Technical Advisor.

Mr. Stevens is a vastly experienced, discovery-driven economic geologist who has built his career on dedication to the success of the exploration and mining industries of Alaska. He has specific experience on the Taurus project, as he was District Geologist for Cities Services when it first explored the East Taurus target in 1976.

 Tony Simon, president of Senator, comments, “The Board joins me in emphasizing that we are delighted and excited to have the privilege and opportunity to draw on the expertise of Don Stevens in our quest to advance a potentially huge project like Taurus.”

The Company has granted Mr. Stevens incentive stock options to purchase up to 200,000 common shares at a price of $0.31.

2008-04  26 Feb 08  "Adam Travis Appointed as Technical Advisor"

Senator Minerals Inc (“Senator” or “the Company”) reports that, in preparation for upcoming work on its 100%-owned Taurus copper-moly-gold deposit in southeastern Alaska, it has retained Adam Travis, BSc(Geol), as a Technical Advisor.

Mr. Travis is an entrepreneurial geologist with significant experience on large porphyry systems in Alaska, and specific experience at Anglo/Northern Dynasty’s Pebble project, regarded as one of the world’s great metal deposits.

 The Company has granted Mr. Travis incentive stock options to purchase up to 200,000 common shares at a price of $0.305.

2008-03  23 Jan 08  "Geikie River Uranium Target, Eastern Athabasca Basin"

Senator Minerals Inc (“Senator” or “the Company”) reports that it has received the geophysical data from the airborne magnetic and TEMPEST geophysical survey carried out by Fugro Airborne surveys over its Geikie River uranium target in the eastern Athabasca Basin, Saskatchewan.

Senator has an option to earn a 100% interest in the Geikie River claim, which is considered to have potential to host unconformity-style uranium mineralization associated with conductive zones, and to be a high priority target due to its proximity to existing large high-grade uranium mines.  The Geikie River claim is situated immediately south of JNR’s South Cigar claim, and approximately 29 km SSE of the Cigar Lake uranium mine and 40 km ENE of Cameco/Cogema’s McArthur River uranium mine, the world’s largest high-grade deposit.

The availability of this geophysical data allows Senator to enter into joint venture discussions and plan future work programs.

2008-02  22 Jan 08  "Gary Cope Joins Senator Board"

Senator Minerals Inc (“Senator” or “the Company”) is pleased to report that Mr Gary Cope has been appointed to the Board of Directors.

Mr Cope has been involved in the public markets for many years and has a background that includes raising funds for various mining projects.   He is currently President and CEO of Orko Silver Corp, a Tier 1 TSX company active in the development of a silver deposit in Mexico.  He is also President and CEO of Orex Minerals Inc, and former President and CEO of Eaglecrest Explorations Ltd.

The Company has granted Mr Cope incentive stock options to purchase up to 400,000 common shares at a price of $0.255.

2008-01  8 Jan 08  "Ivanhoe Creek, NV ~ Bentonite"

Senator Minerals Inc (“Senator” or “the Company”) reports that, as operator of the Ivanhoe Creek project on behalf of Senator (50%) and Kent Exploration (“KEX”) (50%), it has staked a total of seven placer claims to cover a bentonite deposit of undetermined size. 

Historical work includes drilling to a depth of 75 feet (23 meters), with some holes reported to have bottomed in “high quality” bentonite.  At least twenty pits and one trench approximately 250 ft by 8 feet wide and 20 feet deep (76 meters x 2.5 meters x 6 meters) were dug.

A sample of the bentonite from this previous work was sent to Miles Industrial Minerals Research (“MIMR”) of Denver, CO, for preliminary evaluation consisting of X-ray diffraction analysis and American Petroleum Institute (API) testing.

X-ray diffraction showed that the clay sample provided is 93% calcium bentonite (montmorillonite clay).  API 13A testing: The sample has been evaluated for Section 9 Bentonite, Section 10 Untreated Bentonite, and Section 11 OCMA Bentonite.  After 24-hour hydration, a slurry using a 1.3% sodium carbonate additive surpassed the minimum viscosity and other requirements for API 13A Section 11 OCMA Bentonite.  Also, it was observed that the addition of polymers could possibly allow the criteria for API Section 9 Bentonite to be met.

The conclusion of this preliminary evaluation was that, if the sample provided is representative of the deposit, this bentonite has possible uses for absorbents, animal feed, ceramics, fillers & extenders, foundry sand binders, iron ore pelletizing, and sealants.  Additional testing is now underway at MIMR to confirm these possible markets.

A “Notice of Work” application for a proposed 5,000 foot drill program with depths to 100 feet has been filed with and conditionally approved by the BLM, subject only to payment of a reclamation bond.  Earliest start for this drill program would be spring 2008.