Corporate Profile

To establish profitable mines, large mining companies today have to ensure they can reclaim their development costs. This often means establishing aggressive production expectations in order to see an early return on investment from a property. The company's seasoned business team determines a property's realistic investment potential and facilitates its progress into a producing mine.

The properties the company seeks out have proven potential. The exploration and drilling has been done. What remains is proper analysis of the results and utilization of sound business strategies to advance them into production. This may involve further geological analysis or other measures to further capitalize on a project's full potential. The Journey management team brings together a balanced skill set of real world business acumen and seasoned geological experience, including Director William Bird, whose proven track record includes taking two of his exploration discoveries successfully into production.
 

 

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Properties

 

MUSGROVE CREEK GOLD PROJECT, IDAHO

Low cost, open-pit gold opportunity looking to increase resource. The Musgrove Creek Gold Project is located 40 kilometers (25 miles) southwest of Salmon, Idaho and covers approximately 393 hectares (approx. 970 acres). The region has been the focus of mining activity since the late 1800s and the Musgrove property has had several operating gold mines between 1908 and the mid 1930s. The company is currently earning a 100% lease interest in this deposit, which they believe will be comparable to that of the Beartrack Mine, located nearby. Several drill programs have been completed.
 

A technical report dated May 15, 2006, indicates that 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".

Significant gold deposits have been successfully mined nearby, the latest and largest being Meridian's Beartrack Mine, located 12 miles to the northeast of the Musgrove property. Beartrack was reported to have produced 549,000 ounces of gold.

EMPIRE MINE PROJECT, MACKAY, IDAHO.

A late-stage exploration project with the potential for rapid advancement. The company is currently earning a 50% ownership in a lease on the 301 hectare (approx. 744 acres) Empire Mine property. Located 5.5 kilometres southwest of Mackay, Idaho, this late-exploration-stage project comprises a poly-metallic skarn deposit with occurrences of copper, zinc, gold and silver. The company anticipates the property can be quickly advanced to the development stage.

 

Since the early 1960s, Empire has undergone several exploration drilling campaigns by major mining and natural resource companies. The data highlights 208 holes drilled along the length of mineralization, including extensive drilling in the AP pit area and its northern extension, the Empire Pit. The AP Pit is a zone of near-surface mineralization located at the southern end of the Empire Mine deposit.

A report dated August 8, 2005 prepared for Trio Gold Corp., notes that Cambior Exploration USA, Inc. used the measured mineral resource block models to scope mineable quantities of material within the known deposit. Cambior's engineering group estimated the mineable portion of the deposit as 33 million tons grading 0.44% copper, 0.20% zinc, 0.25 gpt gold, and 6.6 gpt silver at a 1:1 mining ratio. Recoveries are estimated at 70% gold, 60% silver, 80% copper, and 60% zinc.
 

VIANEY MINE SILVER PROJECT, MEXICO

An opportunity to bring a proven Silver/Lead/Zinc mine back into operation. Journey acquired 100% ownership Vianey property from Minerales Jazz S.A. in 2005. 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.

The concession is located in the southern Mexican state of Guerrero, 250 kilometres south of Mexico City and 160 kilometres north of Acapulco. Less than 2 kilometres away is the town of Atzcala, with water, telephone and medical facilities, as well as a sufficient labor pool. There is existing electrical power at the mine and a major power line passes near the property.

Geological maps published by the Mexican Department of Mines identify a series of lead-zinc-gold occurrences approximately five kilometres northwest of the property. The new concessions were staked to cover the projected extension of these known ore bodies. A recently completed technical report by Blakestad, 2005, confirms the potential that these known mineralized zones likely extend into the vicinity of the Vianey Mine.

On-site examinations and available exploration data indicate a probability of discovering extensions to known silver-bearing veins on the property, both in the existing mine and the adjacent areas identified in the Blakestad study.
 

For more information on each of these prospects, please go to http://www.journeyresourcescorp.com

Recent News and Press Releases

Journey Resources Corp.: 2006 Plan Of Operations Has Commenced On The Musgrove Creek Gold Project (May 25, 2006)
 

Journey Resources Corp.: Technical Report Filed on Musgrove Creek Project (May 24, 2006)

Journey Enters Letter of Intent to Option Interest in Vianey Mine Consession (Apr 19, 2006)

Drill Program to Commence on The Musgrove Creek Gold Project (Apr 12, 2006)

Journey Resources Corp.: Musgrove Creek Project Update-New Claims Staked and Technical Report Submitted (Apr 11, 2006)

Journey Resources Corp.: Engagement of RM Communications (Apr 05, 2006)

Journey Resources Corporation - Private placement - $1,200,000 (at) $0.30 per Unit (Dec 23, 2005)

Journey Resources Corporation - Mineral claim option agreement (Dec 01, 2005)

 

 

 

Management Team

Jatinder (Jack) Bal, President, Chief Executive Officer & Director

Jack Bal is a business executive, with over 11 years of experience in the resource industry and public markets. As a founding member, director and Vice President of Apparo Software Inc., Mr. Bal helped to successfully guide this software company to its CDNX listing in 2000. In addition, Mr. Bal served on the board of directors of Saintstar Ventures Inc. and is currently a director of Eaglestar Ventures Inc.

William H. Bird, PhD, PGeo Director

With over 35 years of experience in the mining industry, William Bird is currently CEO of two publicly
traded exploration companies, of which he has guided both the technical and financial programs.
Two of his exploration discoveries and acquisitions developed into significant gold producers.
 

Clint Sharples, Director
 

Clinton Sharples is currently President and CEO of Paramount Pallet, Inc., the largest national pallet company in Canada. Mr. Sharples is also a partner in FGI Inc., a private investment company; sits on the board of directors of Modu-Loc Fence Rentals; and is a director of Thermal Energy
International, a public environmental and energy company.
 

Robert Bryce, BSc, MBA, PEng Director
 

Robert Bryce is currently President and Chairman of Abitex Resources Ltd., a nickel exploration company based in Val d’Or, Quebec. Previously, Mr. Bryce was President of Mining Operations for Aur Resources Inc., where he was in charge of the construction and development of the 4,000 tonneper-day Louvicourt base-metal mine in Quebec; and General Manager of BHP Billion’s 7,500
tonne-per-day Selbaie Mine in Quebec.
 

Lorne Torhjelm, Chief Financial Officer & Corporate Secretary
 

Mr. Torhjelm, a self-employed investment manager, is currently a Director of Panoro Minerals Ltd.
and President and a Director of Tech Solutions Capital Corp.

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