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)
The POWER of the Internet. Like the Six Gun in the Old West called an Equalizer.
Do your own DD, This post is my OPINION. ** TRUST, BUT VERIFY.**VERIFY
