NEWS 2011 and Shares Outstanding: 45,321,868
Issued & Outstanding:

45,321,868 http://tmx.quotemedia.com/quote.php?qm_symbol=mgs&locale=EN


Warrants:
4,000,000 at $0.20 in the 1st year (Exp July 2012)
and at $0.30 in the 2nd year (Exp July 2013)


Options:

1,800,000 at $0.20

DECEMBER 12, 2011

Corporate Update Musgrove Minerals Corp. announces Change of Auditor
OCTOBER 20, 2011

Musgrove appoints Rana Vig as Interim President and CEO
OCTOBER 17, 2011

Musgrove Minerals Appoints Norman Brewster to the Board of Directors
SEPTEMBER 23, 2011

Musgrove appoints Mr. Tough to the Board of Directors and Mr. Lewin as CFO
SEPTEMBER 21, 2011

MUSGROVE MINERALS REPORTS RESULTS AND UPDATE ON EMPIRE MINE PROJECT
AUGUST 11, 2011

Musgrove Minerals announces signing of a definitive option agreement on the Charay Project
AUGUST 3, 2011

Musgrove Minerals announces the closing of $1,200,000 Private Placement
JULY 12, 2011

MUSGROVE APPOINTS MR. VIG TO THE BOARD OF DIRECTORS
JUNE 23, 2011

Drilling Update at Empire Mine Project
JUNE 17, 2011

Musgrove Minerals announces $1,200,000 NON-BROKERED PRIVATE PLACEMENT
JUNE 7, 2011

50% Vianey Mine Project has been sold
MAY 19, 2011

MUSGROVE AND WESTRIDGE SIGN LETTER OF INTENT TO OPTION CHARAY PROJECT
MAY 17, 2011

DRILLING NOW UNDERWAY AT PAST PRODICING EMPIRE MINE PROJECT
MAY 16, 2011

Advisory Committee and Board appointment
MAY 5, 2011

Musgrove signs drilling contract for Empire Mine Project
APRIL 27, 2011

Musgrove Minerals announces $1,500,000 NON-BROKERED PRIVATE PLACEMENT
APRIL 26, 2011

Musgrove Minerals announces the creation of an Advisory Committee
APRIL 12, 2011

WORK PROGRAM COMMENCES ON PAST PRODUCING "EMPIRE MINE" COPPER GOLD PROJECT.
MARCH 28, 2011

MUSGROVE MINERALS NEGOTIATES TO RETAIN 100% OF THE CHARAY PROJECT
FEBRUARY 25, 2011

Musgrove Minerals Corp. Joins OTCQX
FEBRUARY 14, 2011

MUSGROVE MINERALS CORP. INFORMATION TO BE AVAILABLE THROUGH STANDARD & POOR'S MARKET ACCESS PROGRAM
FEBRUARY 3, 2011

MUSGROVE ANNOUNCES INCENTIVE STOCK OPTION GRANT
FEBRUARY 2, 2011

MUSGROVE SIGNS EXPLORATION AND LEASE AGREEMENT FOR 100% INTEREST IN THE EMPIRE MINE PROJECT
JANUARY 26, 2011

MUSGROVE ANNOUNCES CLOSING OF $2,698,850 FINANCING
JANUARY 17, 2011

MUSGROVE MINERALS CORP. ANNOUNCES A FURTHER INCREASE TO ITS NONBROKERED PRIVATE PLACEMENT

Journey Resources Corp. Announces Name Change and Share Consolidation

Vancouver, B.C., December 16, 2010 – JOURNEY RESOURCES CORP. (TSX-V: JNY, Frankfurt: JL4) (“the “Company”) announces that effective as of the opening Friday, December 17, 2010, the consolidated common shares of the Company, will commence trading on the TSX Venture Exchange (the “Exchange”), on the basis of one (1) post-consolidated common share for every eight (8) pre-consolidated common shares held (the “Consolidation”), under new Company name “MUSGROVE MINERALS CORP.”

The consolidation was approved by the shareholders at the Company’s Special Meeting held on November 23, 2010 (the “Special Meeting”) (see the Company’s news release dated November 23, 2010). The consolidation and name change were approved by the Exchange on December 15, 2010. At current date, the Company has 116,733,046 common shares issued and outstanding and the Company will have approximately 14,591,631 common shares issued and outstanding post-consolidation.

Under the Company’s Articles, the directors of the Company passed a resolution to change the name of the Company, from Journey Resources Corp. to Musgrove Minerals Corp.

The Company’s new trading symbol will change from JNY to MGS. The Company’s new CUSIP number is 627511108 and new ISIN number is CA6275111087.

A Letter of Transmittal with respect to the name change and share consolidation will be mailed to the shareholders of the Company.

All shareholders will be required to send their respective certificates representing the pre-consolidated common shares along with a properly completed Letter of Transmittal to the Company’s transfer agent, Computershare Trust Company of Canada (“Computershare”), in Toronto, Ontario, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (Shareholder Services 1-800-564-6253 or by e-mail to corporateactions@computershare.com). All shareholders who submit a duly completed Letter of Transmittal along with their respective pre-consolidated common share certificate(s) to Computershare, will receive a post –consolidated common share certificate under new company name Musgrove Minerals Corp.

Further details of the consolidation are contained in the Company’s Information Circular dated October 21, 2010, which was mailed to shareholders and filed on SEDAR (www.sedar.com).

BY ORDER OF THE BOARD



”Jatinder (Jack) Bal”

Jatinder (Jack) Bal

President and CEO

JOURNEY RESOURCES CORP.

For further information on Journey Resources Corp., contact Jack Bal at (604) 633-2442, toll free 1-800-667-1442, e-mail jackbal@journeyresourcescorp.com, or visit our website at www.journeyresourcescorp.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Trading Symbol: MGS TSX.V, MGSGF OTCQX
Shares Outstanding: 45,321,868
Warrants & Options: Click here
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00014456


http://www.musgroveminerals.com/

Journey Resources (JNYRF) -(212.50%)
$ 0.05 0.034
Volume: 10,000 (two trades 5000 @ .0449 and 5000 @ .05)
http://ih.advfn.com/p.php?pid=trades&symbol=JNYRF

http://ih.advfn.com/p.php?pid=historical&symbol=JNYRF

NO NEWS

For further information on Journey Resources Corp., contact Jack Bal at (604) 633-2442, toll free 1-800-667-1442, e-mail jackbal@journeyresourcescorp.com, or visit our website at www.journeyresourcescorp.com.

.

Journey proposes Shares for Debt Settlement, Consolidation of shares, Private Placement and Director Changes
Mon Oct 4, 6:35 PM

October 4, 2010 -- Vancouver, B.C. – Journey Resources Corp. (TSX.V: JNY, Frankfurt: JL4) ("the Company") intends to seek shareholder approval for a consolidation of shares on an up to 1:8 basis, at the Extraordinary General Meeting, scheduled for November 23, 2010. In addition, the company announces a non-brokered, post consolidated private placement of up to 15,000,000 Units at a price of $0.15 per Unit for gross proceeds of $2,250,000. Each Unit will comprise of one common share in the capital of the Company (the “Shares”) and one half share purchase warrant (the “Unit”), with each warrant exercisable to purchase one additional Share over a 6 month period, at a price of $0.20 per Share. Proceeds of the private placement will be used for general working capital. The financing remains subject to TSX Venture Exchange acceptance. Finder’s fees may be payable in connection with certain subscribers to this placement.

Closing of the Share Consolidation and Private Placement Shares are subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.

The Company announces that Robert C. Bryce has resigned as a director of the Company, effective immediately, Mr. Bryce will continue as a technical consultant to the Company. Mr. Bryce has contributed significantly to the Company, the Directors wish him well and thank him for his service.

The Company wishes to announce the appointments of Roger Scammel and Benjamin Herring as directors of the company.

Mr. Scammell has more than 30 years experience in the mining and exploration industry. Currently the President and Director of Scorpio Mining Corporation. He was the Regional Manager of Exploration for Teck Corporation's Mexican subsidiary, Minera Teck SA de CV From 1992 to 2002. Under his direction, Minera Teck discovered the 72 million tonne San Nicolas volcanogenic massive sulphide deposit in Zacatecas, Mexico and the El Limon gold skarn in Guerrero, Mexico.

Mr. Herring, BSc, is a Research/Technician at the University of British Columbia, with over 8 years of experience at the University research and teaching level in biochemistry, chemistry, and biology. Working in research and teaching labs focusing on Analytical, Inorganic, and Organic Chemistry.

Update

Journey’s strategic focus is to move the Charay Gold-Silver Project to a development stage, while infill, step-out and exploration drilling is underway.

The company has three exploration projects, including Musgrove Gold Project in Idaho, Charay Gold Project in Sinaloa, Mexico and Vianey Silver Project in Guerrero, Mexico. The company is currently evaluating investment options including joint ventures for all projects.

This company went straight lined

Sure have; it became obvious very quickly that Bal has no intention of actually doing anything with this property other than run a personal ponzi scheme for himself and his cronies with endless Private Placements. Next stop: rollback.

Then start the blizzard again with a new bunch of bagholders.

Did you leave the party too?

GONE Gone gone you left the party.

All is quite on the home front.

Flooding in Idaho and no word from the company.

JNY is putting their ducks in a line.

Is anybody flowing this stock?

This is a old Pink Sheets info.

Outstanding Shares
38,094,187 as of Jun 16, 2008
Number of Shareholders of Record
36 as of Jul 9, 2008


I will call the company next week for a update.

CHARAY PROPERTY
1.0 SUMMARY
The Charay property (pronounced “cha-rye”), also known as "La Mina El Padre", is located at the
north end of the State of Sinaloa, Mexico, approximately 36 km northeast of the city of Los Mochis. The 380
hectare property consists of two production concessions totalling 104 hectares, surrounded by one
exploration concession totalling 276 ha, all of which are held by a Mr Luis Palafox of Hermosillo, Mexico.
Journey Resources Corp. (Journey), through its subsidiary Minerales Jazz S.A. de C.V. (Jazz), has an option
to earn a 100% interest in the Charay property.
Geologically, Charay is classified as a low sulphidation, epithermal, gold-silver quartz vein with low
base metal content. The pertinent points regarding this property are as follows:
a. High-grade, near-vertical, epithermal gold/silver vein system within an andesitic volcanic complex (El
Padre vein): oxidized, hematitic, low-sulphide, banded quartz-vein and silicified breccia with a
prominent silica cap (typical low-sulphidation epithermal features),
b. Vein width in the order of 1.0 to 2.0m; length in excess of 400m, extending to 50m depths, and open
in all directions,
c. Existence of several mineralized and/or silicified structures indicated by workings and geology,
d. Potential for buried bonanza mineralization (indicated by drilling) as well as additional mineralization
on strike,
e. Little or no comprehensive historical exploration. Surprisingly under-explored given the high gold
grades. No workings reach deeper than 35m, no drill intercepts below ~50m depths,
f. A 27-hole drill program in 2005 intersected a 250 m long mineralized section within 50m of surface
on the El Padre vein, at a weighted average of 18.75 gm/T Au and 120.2 gm/T Ag over a true width
of 1.14m, recalculated in 2010 at 20.3 gm/T Au and 123.7 gm/T Ag across 1.29m,
g. Location in an area with established mining logistics (eg, access to local mills, mining expertise,
railway, powerline, and tidewater port),
It is recommended to initiate feasibility studies on this property in 2010/11, with the goal of ultimately
bringing it to production. Feasibility studies will entail a substantial amount of drilling, in conjunction with
metallurgical testing, followed by detailed mine planning if warranted. The currently-defined “bonanza”
portion of the El Padre vein will be the prime focus of close-spaced drilling for the initial phases of
exploration. In the first tranche, fourteen (14) core holes are expected to be drilled on a 50m by 50m grid,
to a depth of 100m, in conjunction with preliminary bulk sampling (for metallurgy), at a projected cost of C$
500,000.00. Following this, a second tranche of drilling is proposed for the higher priority targets defined
in the first tranche. It too can be completed at a cost of C$ 500,000.00. This first phase preliminary program
will initiate a longer-term exploration program directed at i) detailed in-fill drilling of the El Padre vein
system, ii) exploration for the extensions to the El Padre vein, and for other mineralized veins, and iii)
feasibility studies and mine planning. In conjunction with this first phase of exploration, Journey intends to
initiate a pilot-mining program involving 35,000 tonnes of readily-available surface material. A budget for
this work will be announced under separate cover when it becomes available.
Respectfully Submitted,
Phil van Angeren P.Geol

http://miningmarketwatch.net/jny.htm#Vianey

UPDATE

Journey Coordinates to Develop a Comprehensive Plan for Building a Full Scale Gold Mine at Charay - Prospects for Significant Discovery are High

Journey Resources Corp. has filed a 43-101 technical report on their 100% owned Charay gold project in Sinaloa state Mexico where they anticipate to soon begin a 35,000 tonne pilot mining bulk sample operation of high grade vein-hosted gold-silver mineralization. The geologist’s report is part of Journey outlining what its plans are for the Charay deposit in a more encompassing way as Journey has also brought on board an engineering group and sought the input of noteworthy contract mining professionals to develop a comprehensive plan, looking beyond the pilot mining, to build a bigger mine.

Currently Journey has people on the property draining the underground, rehabilitating some of the four shafts on the property, and stockpiling selected near surface material in preparation for the pilot mining. This however is going to be a much bigger mine than 35,000 tonne bulk sample and Journey is laying out its plan to do deeper drilling and perform infill drilling so the deposit can be put in a 43-101 resource/reserve category. Journey is planning to drill along strike as well and complete a preliminary feasibility study while they are at it, targeting a meaningful resource by the time they are done.

Although the first 35,000 tonnes of material is near at surface with an average grade of 18.75g/t and may well yield 24,000+ oz of gold, Journey will design a full scale operation to target possibly 100,000+ ounces of gold and that is likely the tip of the iceberg . This plan will be solidified by drilling expected to occur before spring is out. It is believed that even if Journey drills to 100m it’s probably going to triple the size of the deposit because most of its high grade is below 25m and its highest grade is at 50m which is the depth of the deepest hole to date – there is a high probability that if Journey drills to 100m they are going to be drilling through very high grade material which would really add to the deposit and then Journey will be in a position to actually design for a bigger mine.

Mining MarketWatch Journal has confirmed that Journey has been actively working/consulting with Mike Bourgeois in detailing mining specifications and possible approaches for Charay. Mr. Bourgeois is also a central figure in the mining contractor group that is currently mining Scorpio Mining’s Nuestra Senora underground mine in Sinaloa state Mexico (same state as Journey’s Charay). Scorpio is producing at ~1600TPD, they just amalgamated with another company and are bringing their operation to 4000TPD – this will make them one of the biggest underground mines in Mexico. It is a testimony to the strength of Journey’s Charay gold prospects to have someone of Mr. Bourgeois’s caliber involved in advancing Journey’s project in conjunction with Journey’s lead mining engineer -- coincidently both are from out of Val d’Or Quebec and have known each other for over 25 years.

From the geologists understanding of the deposit, the mining consultant and engineer are now considering the potential of the deposit and are forward looking at things a bit differently by the possibility of putting a decline down to 100m. Initially for pilot mining the bulk sample Journey can use the shaft to go down to 35m or 50m, but they want to know what’s at 100m before they decide how they really want to mine it on a large scale -- Journey needs to know if it is still at high grade at 100m, if so shareholders will have a major gold deposit there and plenty of future cash flow.

Remember, this is a very high grade deposit, Journey Resources has over 18g/t Au, the deposit pretty much starts at surface, the maximum drill depth drilled to date was only ~50 metres and every drill hole intercepted the vein with the highest grades seen at 50m and below, intersecting areas over 100 g/t gold -- not only is JNY.V looking at near term cash flow from the bulk sample, the prospects for significant high grade discovery over the next few months are very real.

Featured article May 7, 2010:

High Grade Charay Gold Mining Project in Mexico Set to Cash Flow Within Months

Current 313,822oz Gold Resource Estimate Expected to Double at Musgrove Gold Project, Idaho

Journey Resources Corp.

(TSX-V: JNY) (Frankfurt: JL4) (US Listing: JNYRF)

Stable, mining friendly regions and skilled technical leadership.

Cash flow from high grade Charay Mexico gold project to advance all projects without further dilution to the share structure.

Near term production potential from reopening Vianey silver mine, a fully developed & proven underground mine rehabilitated in turn-key state.

JNY.V to recalculated resource at Musgrove Creek gold project. Approaching 1M+oz gold target.

The main focus of JNY.V for the first six months of 2010 is at the Charay Mexico gold project where the Company is making quick progress towards commencing mining operation

Near Term Operation at 100% Owned Charay Gold Project:, Mexico: Journey Resources Corp. is making quick progress at Charay and Mining MarketWatch Journal anticipates the mine will be operational in Q2 2010 -- this will result in a significant cash flow boost to the Company and take its valuation to a new level as a functioning operation. Journey is well capitalized to see the project to fruition. Engineers are now designing to start drifting into the vein and Journey will soon start aggressively blasting, commencing low-cost mining of the high grade vein-hosted Charay gold-silver deposit (See related March 3, 2010 corporate release entitled "Journey Resources Corp. Announces Pilot Mining at Charay"). Metallurgical results affirm the material at Charay is amenable to agitated leach process [See our overview of Charay further below]



Sizeable increase in resource estimate projected for Idaho property & new drill results imminent



Location map 1 [PDF]



Location map 2 [PDF]

Gold Resource at 100% Owned Musgrove Creek, Idaho USA: A new resource calculation on Musgrove Creek is expected to be complete in Q2 2010. Mining MarketWatch Journal projects at least a doubling of the current 313,822oz gold resource based on the fact the old resource was calculated in 2005 when gold was ~$350/oz using a 0.8g/t cut-off -- higher gold prices coupled with new drilling results and a lower cut-off will allow a substantial increase. Results (See Feb. 19 release) from the JNY.V fall drill program have revealed a new high grade gold discovery zone which positions Journey to add tonnage with offset drilling later this year. To the right are two maps that identify where JNY performed the fall drilling. Mining MarketWatch has extracted these images from a 43-101 Report on Musgrove Creek (copy of that report available here).

Metallurgy Affirms Material...

Metallurgy Affirms Material at High Grade Gold-Silver Project in Mexico Amenable to Agitated Leach Process - Journey Resources Prepares to Mine
Fri Mar 26, 3:29 PM

Mining MarketWatch Journal has published review on Journey Resources Corp. (TSX VENTURE: JNY.V) (Frankfurt: JL4) (Pink Sheets: JNYRF) and March 26, 2010 interview with President and CEO of Journey. The review and interview offers insight and opportunity afforded investors as the Company is poised to take their 100% owned high grade Charay, Mexico gold-silver deposit into low-cost mining operation. Additionally, a new gold resource estimate on Musgrove Creek, Idaho is expected in Q2 2010 and the Mining Journal projects at least a doubling of the current 313,822oz gold resource.

The full review, interview, and valuation commentary may be found at http://miningmarketwatch.net/jny.htm online.

Journey Resources is moving ahead quickly at Charay as it arranges for initial bulk sampling followed by ongoing low-cost mining of the high grade vein-hosted gold-silver deposit.

Journey Resources has received confirmation form their metallurgical lab that the material at Charay is amenable to agitated leaching, this provides significant advantages over heap leaching for Journey Resources as agitated leaching methods result in drastically shorter leach times (measured in hours vs weeks), higher overall gold recoveries (>90% vs 75%), and uses a smaller aerial footprint. The metallurgical lab provided results from two sample sources on Charay; one sample lot was ~400Kg from surface stock piles (what the lab called the bulk), that was material taken out of the shaft down to the ~25m level, it is mainly hematite so it is fairly oxidized -- the second set is a sampling of the core (labeled by the lab as core composite) from the higher grade intercept below 25m where Journey’s high grade gold starts. At 60 and 100 mesh (the grind) the material yielded well over 90% gold recovery and the silver extraction is excellent too.

Journey will be able set up a small scale plant on site using vat leaching, it won't take up much space, the processing time to extract the gold and silver is measured in hours instead of weeks, and JNY.V would have more control of the final product. Mining MarketWatch Journal notes that a turn-key type mill could be purchased or leased that has all the circuits, crushers, as well as vats built in that will do the entire job for Journey. The deposit right now is averaging over 18 g/t gold so Journey could make do with a 100TPD (tonnes per day) mill because of the grade, especially under 20m depth where Journey is encountering well over 20g/t gold -- if you compare this to other operations that don’t have the grade Charay does JNY.V should get the same results at 100TPD as operations at 400TPD with closer to ~6g/t gold.

On March 26, 2010 Mining MarketWatch Journal asked Jack Bal, President & CEO of Journey Resources Corp. whether JNY.V was going to build a plant on site, he told us Journey has already received a quote for a complete 100TPD mill installed for ~$2M. However he said Journey was not going to wait and that they would simply use someone else's equipment initially; "Now that we know what appears to be the best way to proceed we are going to contract a local facility and use their agitation equipment to extract our gold and silver in the interim – we have to buy and install a plant but I don’t think we want to wait until that’s ready to go."

Mr. Bal offered the following synopsis of Journey's focus at Charay "Our focus is two pronged; one is to increase the size of the resource by drilling deeper and along strike. The second is to get some production while we are doing the drilling. One of the key factors that was required to ship to a mill/processing facility was to know what was the best way to get the gold out – we now know that so we’re now in a position to get more aggressive and select the facility that we’ve determined will give us the highest recovery rate. Long term, as long as our drilling goes well and our resource grows as we expect then we will be in a position to build our own plant on site."

"Right now we have people on site, they’ve been rehabilitating shafts, dewatering, taking some material out and stockpiling. We have ~500 tonnes stockpiled already. Engineers are currently designing how we are going to start drifting into the vein so I think we are looking at another 30 days of engineering before we actually start some aggressive blasting. Once we start it we will accumulate quite a bit of ore quickly. The other major step is drilling – we want to drill deeper. Remember our deepest hole was only 50m and our grades at 50m were very good, some were over 100 g/t. We would like to go down to at least 150m because we believe we will still intersect the vein at those depths. We would also like to drill along strike and increase the strike length because the vein is visual for a long distance but has only been drilled in a small area."


The risk-reward characteristics are highly advantageous for investors establishing a long position in JNY.V now, as 1) the reality of the undervalued nature of JNY.V becomes increasingly apparent to the market and 2) as Journey Resources takes the high grade Charay gold deposit into operation and expands upon the 313,822 oz gold resource at Musgrove Creek. The current market cap of JNY.V relative to the inherent value of their gold and silver projects seems highly disproportionate. In light of the aforementioned and the fact near term catalysts exist to facilitate justified share price revaluation, JNY.V appears undervalued with only ~94.1M shares outstanding and trading under CDN$0.10, a multiple upward revaluation appears readily in store.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal

editor@miningmarketwatch.net

All hands on deck! These people are about to go into production!

http://ca.news.finance.yahoo.com/s/26032010/60/metallurgy-affirms-material-high-grade-gold-silver-project-mexico-amenable.html

Salient sentence:
"....as the Company is poised to take their 100% owned high grade Charay, Mexico gold-silver deposit into low-cost mining operation. "

Salient Project Details:

• Potential for large tonnage, low grade vein-hosted gold mineralization associated with epithermal systems.
• Historic gold mining district including the geologically similar Beartrack mine.
• Inferred Mineral Resource estimate of 8 million tonnes at 1.22 g/t equivalent to 313,822 oz of gold.
• Additional targets have been drilled immediately adjacent to the inferred resource and have excellent potential for rapid upgrade of resource.
• Journey’s recent exploration has demonstrated that access and basic infrastructure is in place.
• Mineral resource open at depth and to the northwest.
• Diamond drilling results indicate significant potential to extend the resource up to 500 m along strike.
• A gold in soil anomaly has been discovered which remains to be tested by diamond drilling.



Mining History:

• The Beartrack mine is located 19 km north east of Musgrove Creek
• 650,000 oz produced between 1994 and 2000
• Open Pit
• Heap Leach
• Cost of production was between 190 to 200 US$ per ounce of gold.

• The Musgrove and Smith-Gahan mines are adjacent to Journeys licenses
• Operated from the 1900’s to the 1930’s
• Three high grade gold quartz veins
• Small mill with chemical extraction techniques



Project History:
1993
• Newmont completed 27 diamond drill holes.
• Johnys point resource estimate of 12 Mt at 0.89 g/t (NI 43-101 non-compliant)


1996
• Meridian Gold Inc drilled a further 20 diamond drill holes and confirmed the Newmont gold intercepts. The property was returned to owner on collapse of market.


2003
• Wave Exploration Corp compiled historic data,
• Verified the Newmont resource estimate (two diamond holes)
• NI 43-101 Technical Document
• NI 43-101 Compliant resource estimate
• Identified a soil geochemical anomaly
• Demonstrated potential for extending the Newmont resource 200 m to the NW (two diamond holes)

2) Musgrove Creek Gold Project - Idaho, USA - 100% Owned

Low cost, open-pit gold mine potential - JNY.V aims to sizeably increase resources



Figure 1. Drilling at Musgrove Creek JNY.V owns its own drill; a two year old hydacore 2000 drill.

Journey Resources' flagship project, Musgrove Creek, is located in the state of Idaho near Salmon Idaho, ~12miles away from Meridian Gold's Beartrack Mine which operated between 1995 and 2001 (Beartrack produced ~650Koz gold at an average grade of 1g/t, was a large open-pit heap leach operation and it was reported their average costs were between $US190-200/oz.). The Musgrove Creek deposit is very similar to the Beartrack deposit – it is similar in grade, in metallurgy, and in stripping ratio. Journey Resources has a 43-101 report which shows 8 million tonnes at 1.22 g/t Au at 0.8 g/t cut off for 313,822oz Au. That report was done using ~$300 gold. Using what Meridian Gold mined at 1 g/t JNY.V should have over 423Koz gold. Mining MarketWatch Journal thru its research projects a near term achievable resource estimate of 1M ounces gold. Management of Journey Resources contacted by Mining MarketWatch were able to confirm we were not out of line in our expectations. President & CEO of Journey Resources, Jack Bal, had the following synopsis: "I believe Musgrove Creek has the potential to be a 1M ounce target ... with some additional drilling and the fact we have lots of holes that were never offset that aren’t included in our resource calculation." Past operators have provided reams of information for JNY.V to build on and a review of past drill holes show this is not a spotty resource, it has good depth to it.


History: Musgrove Creek was originally drilled by Newmont between 1990 and 1994. They had optioned this and many other projects from Atlas Gold and then due to the proximity of this to Meridian Gold's project 12 miles away Newmont optioned the property to Meridian Gold and Meridian did a major drill program as well. Due to market conditions and the requirement of their first gold mine at Beartrack Meridian let it revert back to the original land owner. At that time this area was hotly staked; Newmont, Meridian, Home Stake, Atlas, and many other companies were in the area -- what Journey Resources have been able to do over the last four years is create a good sized land package that previously belonged to some of the majors, JNY.V has a good land package and is negotiating on acquiring the original patent claims that has a high grade underground mine that was operated between ~1900 – 1910. They mined high grade quartz veins between half an ounce and one ounce gold per tonne – which is probably the feeder system for Journey Resources claims.


100% Ownership: JNY.V has a 100% lease interest in some of the claims and a 100% interest in the claims that they staked themselves. The lease is a 10 year lease with two additional 10 year options to renew, and currently their advance royalty payment is $40K per year, there is a 2% NSR on the lease interest parts of the project. The leased claims are owned by the geologist that originally discovered the deposit, Ray Robinson. The Johny NW area that JNY.V made a major discovery on ~two years ago is entirely on claims that JNY.V control. The Johnys Point resource area is mainly on the Robinson claims. JNY.V has targets on land the Company staked themselves that go all the way up the property as well.






NEW DISCOVERY at Johny northwest target: Drill results from the Johny northwest target released on February 18, 2010 PM (See release entitled “Preliminary Results from the 2009 Drilling of the Musgrove Creek Gold Project”) show Journey has a newly discovered zone with values being the highest intercepts that they have had on the deposit so far. The new discovery is ~200m northwest of Journey’s current main area where they have their resource and the grades in this newly discovered zone are much higher. Journey had two previous holes (one in 2004, and one in 2006) that intersected some high grade near this new discovery, so Journey had a snip of what was suspected to be there. The new drill results (just released) are based on 10 holes drilled right in that target area -- eight out of the ten holes hit on target and the best hole, which had three zones of mineralization, ended in mineralization at 250 feet and obviously goes deeper. This translates into very good news for investors as these results will add to the overall tonnage of the deposit and come spring Journey Resources will likely drill to offset some of these holes. Journey’s model at Musgrove is taking a large leap; having intersected good values on eight out of ten holes with some of the holes actually ending in mineralization indicating depth greater than 250 feet. By offsetting some of these holes JNY.V will be in a position to add to their tonnage/resource.



Journey has conducted four years of drilling since the last resource estimate and plans to complete a new resource estimate on Musgrove prior to Q3 2010. A minimum doubling of the current 313,822oz gold resource is a realistic expectation based on the fact the old resource was calculated in 2005 when gold was ~$350/oz using a 0.8g/t cut-off -- higher gold prices coupled with these new drilling results and a lower cut-off will allow a substantial increase.



Note: JNY.V owns its own drill; a hydacore 2000 drill which they paid about $500,000. Using their own equipment allows the Company to keep costs quite low.

Infrastructure: The landscape at Charay is completely flat, there is water, a telephone pole, electricity, you can drive right to the property, Los Mochas (a city of ~1 million people) is ~50 minute drive away, and Charay is right by the national coast highway.



Salient Project Details:

• High grade vein-hosted gold-silver mineralization associated with hybrid mesothermal and later low sulphidation epithermal systems;
• Mesothermal systems usually have very good depth potential; multiphase systems often have high grades.
• Recent drilling indicates of a 240 m long by 50 m deep block defined approximately 37,000 tonnes at an average grade of 18.75 g/t for 21,000 oz.
• Mineralisation is open down dip and along strike. Significant potential for rapid upgrade of resource. Excellent under explored regional potential.
• Basic infrastructure is in place. Local land owners are pro-mining and are supportive of development. Deposit is proximal to major highway, power, water supply and source of labour. Opportunity for immediate pilot open pit 30,000 ton operation.
• Historic work defined high grade gold and silver vein system at surface. Copper, lead and zinc may be viable by-products.
• Only the upper 50 metres has been drill tested and mineralization is open at depth and along strike. Subparallel veins may exist under extensive cover.
• The exposed vein and drill core suggests Charay is a mesothermal vein with later low sulphidation epithermal overprint. Excellent depth and strike. High grades due to multiple mineralizing events.
• Excellent exploration potential for continued cash flow well into the future.



Project History from 2005 - Present:

2005
• Vane Minerals Group (VMG) completed 27 drill holes totaling 1576.6 meters
• Drilled strike length of 240 meters
• Estimated average vein width of 1.4 meters
• Average grade of 18.75 g/t gold, 120 g/t silver

2008
• Minera Bacoachi SAC performed due diligence of property
• Recalculated VMG data to give 16.98 g/t gold and average vein width of 1.31 meters
• Re-assayed selection of pulps from VMG drill program
• Quarter cut remaining half cut drill core for check assaying at ALS Chemex, Vancouver



Significant drill results

Hole ID
From
To
Interval
Au (g/t)*
Ag (g/t)**

MCDDH-01A
25.60
28.50
2.90
29.94
290.10

MCDDH-02
6.20
8.20
2.00
5.45
34.25


26.00
27.40
1.40
10.1
34.25

MCDDH-04
30.20
34.00
3.80
6.01
69.87

MCDDH-07
31.40
35.20
3.80
6.9
99.35

MCDDH-08
54.90
57.90
3.00
20.35
70.43

MCDDH-15
39.85
42.00
2.15
19.45
172.80

MCDDH-18
58.50
61.00
2.50
42.29
39.78


69.70
71.50
1.80
16.02
76.87


Results from VGM drill program.
*Weighted averages taken from report by Allen, 2008
**Weighted averages calculated by EAL from data supplied in Allen, 2008



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Journey Resources Corp. is a Canadian-based exploration and advanced stage development mining company listed on the TSX Venture Exchange (ticker symbol JNY) (Frankfurt: JL4) (US Listing: JNYRF). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders as the Company is poised to take their 100% owned high grade Charay gold property into operation and advance their 100% owned Musgrove Idaho gold project towards a projected 1M+oz gold resource.

http://www.miningmarketwatch.net/jny.htm

Background: Journey Resources began as a mining entity in 2004 and spent the first couple years acquiring projects considered 'non exploration'/'late stage', where majors have been on the property, resources already drilled-off, and JNY.V needing to take it the last 30 or 40%. The first major project JNY.V acquired was the Vianey silver project in Guerrero state Mexico. This was an underground mine developed in 1996 where half a million tonnes of high grade silver-lead-zinc was developed by the former operator which had to let it go due to market conditions at the time. Vianey is now a fully developed underground mine - JNY.V has spent the last four years rehabilitating it on a 50-50 JV bases and as silver heads up in price the mine can be taken into production. Highlights of the Vianey silver mine may be seen further below. The inherent value of Vianey alone is enough to justify the current market cap of JNY.V, however the overwhelming value of Journey Resources as a Company exists in its two 100% owned gold projects of significance at Musgrove Creek Idaho and Charay Mexico; The risk-reward characteristics are highly advantageous for investors establishing a long position in JNY.V now, as the reality of undervalued nature of JNY.V becomes increasingly apparent to the market and as Journey Resources takes the high grade Charay gold deposit into operation.



Charay Gold Project expected to be operational in Q2 2010 • JNY.V making quick progress

February 2010 Interview/Progress Report & Photos of 2010 Activity at Charay • Journey Poised to Cash Flow at Charay



Journey Resources is moving ahead quickly at Charay as it arranges for initial bulk sampling followed by ongoing low-cost mining of the high grade vein-hosted gold-silver deposit. Jack Bal, President & CEO of Journey Resources Corp., returned from Charay with a check list of critical tasks complete and offered Mining MarketWatch Journal the following synopsis "We had several major things on our list to accomplish and we knocked off every one of them. 1) One was metallurgy; we shipped a 400kg sample to our metallurgist in Hermosillo and visited their facilities. 2) Second, was to organize a drill program and we decided in that process with the driller to import our drill (JNY.V owns its own Hydacore 2000 drill that it purchased ~2 years ago for ~$500,000) and have it on the property to be available for continuous drilling. We have started that process, we have an importer that we are working with to bring the drill into Mexico probably within two weeks -- the drill is in transit now. 3) Third, was to negotiate a deal with a mill to take our ore, we have a verbal agreement but don't want to sign one until we knew what the metallurgy was, but we did establish that a mill ~1 hour from the property which is 400TPD is available. 4) We wanted to develop a relationship with a mining contract group that we trusted and the main one on our list was a group from Quebec that's currently running all the operations for a major Canadian mining Company in Sinaloa State Mexico. So we did a tour of their mine and the mining contractor has been to our property, we have sent them all our data -- they want to mine our project and we are waiting for a proposal from them."



Photos of recent activity at Charay Q1 2010:



Figure 4. (Left) Photo of Metallurgy Discussion at Metallurgical Lab in Hermosillo Q1 2010



Metallurgical results are expected back soon. It looks like a large component of Journey's Charay gold will be free gold and the balance appears to be amenable to using cyanide. There appears very little sulphide, almost completely oxide. The grades will probably pick up on some samples using a different protocol to account for free gold as fire assay alone did not account for free gold.



Based on initial metallurgical results, mainly verbal right now, it looks like Journey can probably grind the material on site, do gravity separation to extract the majority of gold, and then leach the rest out all on site. This will really lower the costs and at the end of the day Journeys product is almost pure gold. The cost savings would drop the already estimated ~$100 per tonne all-in cost of getting material to concentrate using a mill. If Journey's metallurgy shows the rock is amenable to cyanide JNY.V won't need to transport off site, won't need to float it (leaching is much less expensive), and JNY.V would have more control of the final product.




Figure 5. (Left) Shaft on Charay property



There are three existing shafts on the property that go down 20 - 25m into the deposit that were constructed in the early 90s and the mining contractor is thinking of using those shafts. There is a head frame on one of the shafts. Journey's options are to put a decline into the vein or use the shafts –– Journey will be relying on the mining contractor to make that decision.






Figure 6. Stockpiled vein material Charay


Figure 7. Claim block marker Charay


Figure 8. Charay core




Journey Resources is very close to creating cash flow for the Company at Charay, a transition that will change the complexion of the company. Potential catalysts on three key fronts make JNY.V an undervalued and exceptional risk-reward scenario, Mining Marketwatch provides insight into each of these: 1) Charay Gold Property - Sinaloa, Mexico, 2) Musgrove Creek Gold Project - Idaho, USA, 3) Vianey Mine Silver Project, Guerrero, Mexico



1) Charay Gold Property - Sinaloa, Mexico - 100% Owned

Immediate cash flow from open pit beginning with a pilot 30,000 ton operation of high grade vein-hosted gold-silver mineralization

Note New Development: The mining operations contractor currently in discussion with JNY.V is exploring all possibilities and may use the existing shaft(s) on the property to access higher grades sooner than beginning with open pit.





Charay Technical Report [21.14MB PDF]

The Charay project will get Journey Resources Corp. to cash flow quickly as this is a 'ready to go' high grade gold project. Charay was drilled three years ago by Lane Exploration. Lane put another mine into production and by circumstance were forced to focus on that and the Charay reverted back to the land owner. Another public company took the deal, spent a considerable sum creating a technical report then they got caught up in a $25M potash deal and got rid of all their gold properties, they just missed the market and JNY.V were lucky enough to get the project. All the due diligence has been done and the geologist that created the report has reassayed all the core.



This is very high grade deposit, Journey Resources has over 18g/t Au, the deposit pretty much starts at surface, the maximum drill depth that they drilled was only ~50 metres and every drill hole intercepted the vein with the highest grades seen at 50m and below, intersecting areas over 100 g/t gold. JNY.V now has a blasting permit in place and the goal is to take 30,000 tonnes out immediately and create some cash flow.



Taking ~30,000 tonnes of material amounts to over 20,000 ounces of gold plus a significant component of silver as well. The grade is high enough that simply a portable mill at nominal capital outlay is all that would be required to generate cash flow. Charay would be able to cash flow the company going forward, advancing projects without further dilution to the share structure. Journey Resources' President & CEO offered the following insight on Charay: "The goal and focus is to get cash flow from this high grade deposit. We sent down some very competent people to do our DD. Our VP of exploration is Dr. Chris Wilson, he used to be the manager of exploration for Ivanhoe Mongolia. We also sent down the chief geologist for Ivanhoe, Dr. Miles Worsley, he is a gold expert and says this is not just 'epithermal', its 'mesothermal' as well with multiple phases. He believes #1) it probably goes deeper and the grades are going to improve somewhat with depth, #2) he also said it is likely a regional type system so there are probably quite a few additional veins in this system, you never get just one vein. The gold is just waiting there to be taken away, there is only ~1m of overburden sand." ... "We would like to poke a few holes below the 50m mark because every hole intersected well, and the highest grades are the deepest holes, we’ve got a lot of 70g/t, 100g/t, 120g/t intersects at that level. Our objective is to drill it down 100 metres and see if we can start building tonnage but most importantly lets get some cash flow here." ... "We will work our way to production and because the ore is so accessible we can probably take a few thousand tonnes just with a backhoe. We have a blasting permit in place and it is our objective to take out 30,000 tonnes just using some basic – sort of strip mining kind of open pit. Do it cheaply and get 20,000 ounces of gold to start. This is an exceptional deposit, we’ve had offers to sell it the day we bought it."

The party is about to start!