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Journey Resources (JNY)



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By scotty

Posted: Wednesday Jul 19 7:19:05AM 2006

Exploration to soon be underway on yet another property (Vianey Mine)! Journey to Commence Work Program on the Vianey Mine Concession 09:00 EDT Wednesday, July 19, 2006 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 19, 2006) - Journey Resources Corp. ("Journey" or the "Company") (TSX VENUTRE:JNY) is pleased to announce that it is in the process of applying for the required permits in order to commence a work program on the Vianey Mine Concession, located in Guerrero State, Mexico (the "Property"). Journey, through its wholly owned Mexican subsidiary, Minerales Jazz S.A. de C.V., owns a 100% interest in the Property. Located 250 kilometres south of Mexico City, the Property covers 5,022 hectares (approximately 12,400 acres) and has a silver-lead-zinc mineralization production history. Journey plans to commence the work program on the Property this August based on recommendations in a technical report, prepared for the Company by Rodney A. Blakestad, J.D., C.P.G. in 2005, which includes lithological and structural mapping, aerial photography or high-resolution satellite imagery interpretation of the area, and approximately 3,230 metres of angle-hole diamond core drilling to test the grade, thickness and continuity of mineralization at depth and along strike. Mineralization at the Vianey Mine includes veins, breccias, lens and mantos of silver, as well as poly-metallic mineralization with local concentrations of gold and copper. Most of the veins are localized along NW-SE trending structures and E-W structures; the lenses occur in fault zones and as sulfide concentrations with calcite, gypsum and quartz between some bedding planes. Two major breccia zones of significance have been identified in the limestone, which are associated with calcite-gypsum-quartz gangue minerals and significant amounts of associated silver. A review of past calculations completed in 1997, by Hawley, P.J., 2000b, states a total in all categories of 345,020 metric tonnes grading 2.13% lead, 3.66% zinc and 269 grams of silver per tonne. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is not treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon). Mr. Jack Bal, President of Journey, commented: "We are very excited about commencing a work program on the Property as soon as possible".

By scotty

Posted: Wednesday Jun 28 7:48:06PM 2006

Another announcement today (see below) helped raise the stock about 10%. Journey Enters into Option Agreement to Option Interest in Vianey Mine Consession 06:00 EDT Wednesday, June 28, 2006 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 28, 2006) - Journey Resources Corp. ("Journey" or the "Company") (TSX VENTURE:JNY) is pleased to announce that, subject to regulatory approval, it has entered into an option agreement (the "Option Agreement") with Wits Basin Precious Minerals Inc. ("Wits Basin"), whereby Journey has granted Wits Basin the exclusive option to acquire up to a 50% interest in and to certain mining claims comprising the Vianey Mine Concession, located in Guerrero State, Mexico (the "Property"). Journey, through its wholly owned Mexican subsidiary, Minerales Jazz S.A. de C.V., owns a 100% interest in the Property. Located 250 kilometres south of Mexico City, the Property covers 5,022 hectares (approximately 12,400 acres) and has a silver-lead-zinc mineralization production history. Journey plans to commence a work program on the Property this July based on recommendations in a technical report, prepared for the Company by Rodney A. Blakestad, J.D., C.P.G. in 2005, which includes lithological and structural mapping, aerial photography or high-resolution satellite imagery interpretation of the area, and approximately 3,230 metres of angle-hold diamond core drilling to test the grade, thickness and continuity of mineralization at depth and along strike. Mineralization at the Vianey Mine includes veins, breccias, lens and mantos of silver, as well as poly-metallic mineralization with local concentrations of gold and copper. Most of the veins are localized along NW-SE trending structures and E-W structures; the lenses occur in fault zones and as sulfide concentrations with calcite, gypsum and quartz between some bedding planes. Two major breccia zones of significance have been identified in the limestone, which are associated with calcite-gypsum-quartz gangue minerals and significant amounts of associated silver. A review of past calculations completed in 1997, by Hawley, P.J., 2000b, states a total in all categories of 345,020 metric tonnes grading 2.13% lead, 3.66% zinc and 269 grams of silver per tonne. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is not treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon). The terms of the Option Agreement include payment and expenditure requirements by Wits Basin. The payments to Journey include: the issuance of 500,000 common shares on or before June 30, 2006; and an additional 500,000 common shares on or before January 15, 2007. Wits Basin must also incur a minimum of US$500,000 in exploration expenditures on the Property by December 31, 2006 and an additional US$500,000 in exploration expenditures on or before September 30, 2007. Once Wits Basin has exercised its option and completed the payment and expenditure requirements, it will have been deemed to have earned a 50% interest in and to the Property, and a joint venture between Journey and Wits Basin will have been formed. Mr. Jack Bal, President of Journey, commented: "We are very excited to have concluded agreements with Wits Basin and look forward to jointly commencing a work program on the Property".

By jasper

Posted: Friday May 26 3:42:42PM 2006

Coverage by these "internet investment newsletters" (the two above) can only help add some more exposure for the company.

By scotty

Posted: Thursday May 25 7:20:33PM 2006

I guess now we do a lot of "hurry up and waiting". Journey Resources Corp.: 2006 Plan Of Operations Has Commenced On The Musgrove Creek Gold Project 16:05 EDT Thursday, May 25, 2006 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2006) - Journey Resources Corp. ("Journey" or the "Company") (TSX VENTURE:JNY) is pleased to announce that it has commenced an exploration program on the Musgrove Creek Deposit. Journey is currently earning a 100% interest in and to certain mineral claims comprising the Musgrove Creek Project. The Musgrove Creek Property consists of 77 contiguous, unpatented mining claims located in the Cobalt Mining District of Lemhi County, approximately 25 miles from Salmon, Idaho and covers nearly 1,500 acres of gentle to steep terrain that is road accessible. The property is underlain by quartzite, siltites and phyllites of the Precambrian age Apple Creek Formation, situated along the Trans-Challis Fault System, a prominent northeast trending fault zone, which is host to numerous gold deposits. A 2004 soil geochemical survey identified gold anomalies with associated indicator minerals to the northwest of the present mineral resource. The Musgrove deposit has been intersected over a strike length of 400 metres, a width of 110 metres and to a depth of 150 metres. The NI 43-101 Inferred Mineral Resource estimate at the Musgrove deposit is 8 million tonnes at 1.22g/t Au (0.036 oz/t) at a gold cut-off: 0.8 g/t (0.023 ounces per English ton). This is equivalent to 9,761 kg (313,822 oz) of gold at zero dilution (D. Makepeace, P.Eng, 2004). Previous exploration and the current resource evaluation indicate that the Musgrove deposit is open along strike in both directions and "down-the-dip". A success contingent, phase-type exploration program has been recommended in the Technical Report dated May 15, 2006, which is available at www.sedar.com. The program will cost approximately CDN$450,000 and includes geological mapping and soil sampling of the prospective mineralized zone, trenching and approximately 10,000 feet of reverse circulation drilling. Mr. Jack Bal, President of Journey, commented: "We are very excited about commencing the work program on the Musgrove Gold Project, and in particular drilling the gold anomalies discovered to the northwest of the present mineral resource."

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