JNY.V News --
Journey Unlimited to acquire Dorosa silver/gold project
2005-11-08 11:43 ET - News Release
Mr. Clink Sharples reports
JOURNEY SIGNS LETTER OF INTENT TO ACQUIRE DOROSA SILVER/GOLD PROJECT
Journey Unlimited Omni Brand Corporation, subject to approval of appropriate regulatory authorities, has signed a letter of intent with CIA. Minera Dorosa, S.A. de C.V. to acquire 100 per cent of the Dorosa silver/gold project, 75 kilometres southwest of Toluca in Mexico state, Mexico. The property consists of the Belem, San Andres, San Antonio and San Jose concessions, which total 1,980 hectares. Two of these concessions are granted for exploitation, which means that production is permissible and they are long term (Real de Belem expires in 2038 and San Andres expires in 2051).
The focus of recent work on the property is the epithermal Belem 1 vein system, which has been tested with a 120-metre underground adit, and seven core drill holes drilled by Consejo de Recursos Minerales (CRM), a Mexican government agency. Along a strike length of 500 metres, an average depth of 75 metres and a width of 2.2 metres, the vein returned an average of 2,175 grams of silver and 1.2 grams of gold per tonne (approximately 63.51 ounces of silver and 0.031 ounce of gold per short ton). The range of all samples collected was 571 to 3,713 grams of silver and 0.5 to 2.4 grams of gold per tonne. This zone remains open along strike and to depth.
Note that these assays are reported by CRM and by the vendor. They are considered to be historical data that may not conform to assay and sampling procedures compliant with Canada NI 43-101 standards. There can be no reliance upon these assays for the purposes of evaluating the property; therefore, there are no NI 43-101 resources on the property. As part of its due diligence, Journey plans to organize all previous property data and design an exploration program that will be the basis for an NI 43-101 compliant report.
"We are very excited that we were able to complete a deal on this particular property which we believe has significant potential," states Jack Bal, president of Journey. "We view this property as a late-stage exploration project and our goal is to quickly move the project to the development and production stages."
Dr. William H. Bird, PhD, PGeo, serves the board of directors of the company as an internal, technically qualified person. Technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Dr. Bird. This news release was prepared by company management, who take full responsibility for content.
Best regards,
Treepeople
