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Saturday, 05/08/2010 10:53:07 AM

Saturday, May 08, 2010 10:53:07 AM

Post# of 26
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).

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