Senator Minerals Inc ~ News Releases in 2010
TSX-V: SNR
Frankfurt: T1K
Senator Minerals Inc is a TSX-Venture-listed junior exploration company with property interests in North America.
Senator controls:
* a 100% interest in the large Taurus copper-moly-gold deposit in southeastern
Alaska;
This property has an inferred
resource of 414 million pounds Cu, 48 million pounds Mo, and 401,000 ounces Au.
* a 50% interest in a bentonite prospect near Midas, NV;
* 40,000+ hectares of coal prospecting permits 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.
2010-01 15 Jan 2010 "Taurus Drill Results and Resource Calculation"
“Senator drills 770 ft of .309% Cu, .038% Mo, .33g/t gold; publishes inferred resource”
Senator Minerals Inc (“Senator” or “the Company”) announces that it has received an updated independent Technical Report from Edward Harrington of Reliance Geological Services giving results of the 2008 drill program on the Taurus property, southeastern Alaska and, for the first time, calculating an inferred resource.
The following information quotes directly from the Technical Report:
“In 2008, Senator carried out a core drilling program on the Taurus property consisting of three vertical NQ2-size holes totaling 3,179 feet (969 meters).
T08-40 was located to test to the north, and up-slope, of previous East Taurus drilling, while T08-41 and T08-42 were designed to test to the west and east respectively. Holes were placed within 600’ of previously drilled holes in order to qualify all holes for resource development calculations.
All three holes returned significant mineralized intervals:
An inferred mineral resource at Taurus is estimated at 75,268,894 million tons grading 0.275% copper, 0.032% molybdenum, and 0.166 g/t gold. The estimated inferred resource would contain 414 million pounds of copper, 48 million pounds of molybdenum, and 401,000 ounces of gold.
In order to calculate this inferred resource, the following assumptions, parameters, and methods were used:
The full Technical Report is available on the Company’s web site at: http://www.senatorinc.com/Properties/Taurus/TR-Jan10.pdf