JL4 - 500 Beiträge pro Seite

[pennystockalert]

Neu in FFM und gleich nen Hype ?
Wer weiß was habe das gefunden !
Laufen doch schon ne Woche ????


Journey Is Approved for Trading on Third Segment of the Frankfurt Stock Exchange
Tuesday November 28, 9:00 am ET

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Journey Resources Corp. ("Journey") (TSX VENTURE:JNY - News) is pleased to announce today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol for Journey is "JL4" and the German securities code: (WKN) is A0HNM9.


The Frankfurter Wertpapierborse (FWB) is the world's third largest organized trading market in terms of transactions and dealings in securities. The Frankfurt Exchange accounts for more than 75 percent of the total securities turnover in Germany. The public guarantor of the FWB is the Deutsche B"rse AG, who is responsible for ensuring the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems, the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market industry. In addition to the traditional floor trading, the FWB offers a full spectrum of computerized security trading through Xetra®. Xetra® was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market, where more than 70 foreign banks and financial service companies are included among the total of more than 330 members.

Journey Resources President, Jack Bal commented, "We are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make the acquisition of our shares less problematic for potential German and European investors, while providing increased liquidity in our common stock overall."

Mr. Bal also states: "We are striving to enhance our Company's visibility in Germany and expand our corporate awareness to a broader investor community in Europe. We believe that the Frankfurt Stock Exchange listing will help to facilitate our story reaching a much larger European investor audience."

Journey Resources Corp. is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol : JNY). The Company is currently exploring three advanced exploration-stage projects; the Vianey Mine Silver Project, the Musgrove Gold Project and the Empire Mine Project.

The Vianey Mine Project consists of concessions totaling 5,022 hectares in Guerrero State, west of Mexico City, Mexico, and has a silver-lead-zinc mineralization production history. A review of past calculations, including the most recent exploration activities completed in 1997, by Hawley, P.J., 2000b, provides a total in all categories of 345,020 metric tonnes grading 2.13% lead, 3.66% zinc and 269 grams of silver per tonne. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon).

The Company has begun a program of cleaning the underground workings on the main level ("Zero Level"), the -38 Level, the -50 Level, and the -75 Level. This work is necessary to improve access throughout the mine and to prepare the ground for future production evaluation. Underground lighting has been established and a temporary hoist has been installed for these purposes.

The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer.

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).

The Empire Mine Project is a poly-metallic skarn deposit containing copper, zinc, gold and silver ores, and is located in the Alder Creek Mining District in Custer County, Idaho. Historical estimates obtained from a report, originally prepared by Cambior Exploration USA, Inc. in 1997, 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. (These data are historical resource estimates under National Instrument 43-101, which have not been sufficiently verified by a qualified person to be classified as current mineral resources. Journey is treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon).

The primary objective of the 2006 work program on the Empire Mine Project is to complete a feasibility study by the end of 2006. The drilling to date is providing the necessary information and is in the process of being compiled.

ON BEHALF OF THE BOARD OF DIRECTORS

JATINDER (JACK) BAL, Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein.

[JAY25]

mal kucken!

[JAY25]

Journey Resources Corp. - Ein Explorer, der den Anlegern alles bietet!
Leser des Artikels: 109

In ihrer aktuellen Ausgabe stellen Ihnen die Analysten des Pennystock Report die Journey Resources Corp. (WKN: A0HNM9 / ISIN: CA48113R1038) aus Vancouver, Kanada, vor. Das Unternehmen ist überwiegend in Idaho tätig, dass unter Kennern zu einem der ertragreichsten Gebiete der USA gehört, weiterhin operiert es in Nord- und Lateinamerika, sowie in anderen Schwellenländern weltweit.
Der CEO von Journey Resources Corp., Jack Bal, ist seit nunmehr 11 Jahren in der Minenindustrie tätig und war bereits in anderen Unternehmen aus dieser Branche tätig. Er gehört mit zu den Gründern des Unternehmens und ist derzeit auch im Aufsichtsrat der Saintstar Venture Inc. Der Vorstand, William H. Bird, ist seit 35 Jahren als diplomierter Geologe in der Minenindustrie tätig. In diesem Zusammenhang war er an zwei sehr erfolgreichen Projekten beteiligt, die er aufgrund seines Fachwissens und der Erfahrung als Geologe maßgeblich vorangetrieben hat.

Fazit

Journey Resources Corp. (WKN: A0HNM9 / ISIN: CA48113R1038) hat sich mit seinen drei sehr aussichtsreichen Projekten die Basis für eine langfristige Erfolgsstory sichern können. Alle Testergebnisse bestätigen umfangreiche Mineralvorkommen in den Gebieten. Die Vorkommen liegen zum größten Teil nah unter der Oberfläche, so dass der Abbau mit geringen Kosten verbunden ist. Auch die Infrastruktur der Gebiete ist sehr gut und das Management-Team treibt mit seiner Erfahrung, sowohl im Businessbereich, als auch im geologischen Bereich, den Abbau schnell voran. Hierdurch ist die Zukunft für das Unternehmen mehr als aussichtsreich.
Die Analysten des Pennystock Report sehen die Aktie als ein lukratives Investment. Das Kursziel sehen sie bei 0,500 EUR.


Lesen Sie die ausführliche Empfehlung zu Journey Resources Corp. auf www. pennystock-report.de!



--------------------------------------------------------------------------------


Autor: PennyStock

[URANI]

Journey Resources Corp. (JNY) As of December 2nd, 2006
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price

Dec 01/06 Nov 22/06 De Melt, Len 10 - Acquisition in the public market Common Shares 50,000 $0.360
Dec 01/06 Nov 22/06 De Melt, Len 10 - Acquisition in the public market Common Shares 50,000 $0.360
Nov 22/06 Nov 21/06 De Melt, Len 10 - Acquisition in the public market Common Shares 100,000 $0.360
Nov 22/06 Nov 06/06 De Melt, Len 10 - Acquisition in the public market Common Shares 81,000 $0.349
Nov 22/06 Nov 03/06 De Melt, Len 10 - Acquisition in the public market Common Shares 414,000 $0.310
Nov 22/06 Nov 02/06 De Melt, Len 00 - Opening Balance-Initial SEDI Report Common Shares
Nov 22/06 Nov 21/06 Bal, Jatinder Singh 10 - Acquisition in the public market Common Shares 26,000 $0.370
Nov 22/06 Nov 20/06 Bal, Jatinder Singh 10 - Acquisition in the public market Common Shares 15,000 $0.380
Nov 22/06 Nov 17/06 Bal, Jatinder Singh 10 - Acquisition in the public market Common Shares 10,000 $0.350
Nov 22/06 Nov 16/06 Bal, Jatinder Singh 10 - Acquisition in the public market Common Shares 15,000 $0.350

[Maigret]

interessanter Titel mit 2 late stage Projekten die imho in den nächsten 2 Jahren in Förderung gehen könnten.
Werde mal ein bischen recherchieren und die Jungs kontaktieren wie der Zeitplan die nächsten Monate aussieht....

[Maigret]

Anbei unten nachfolgend die Fragen an und die von Antworten (in "" ) von Journey CEO Jack Bal.

Das ganz macht für mich einen sehr guten Eindruck.
1,5 Minen (50% von Empire) die in den nächsten 15 Monaten an den Start gehen sollen bei einer Marketcap FD von 13,5 Mio CAD. Das kann sich sehen lassen..
Im Sog von Aurelian gibt es derzeit Klitschen die bei ähnlicher Bewertung außer durchschnittlichen Bohrergebnisse nichts vorweisen können und das in politischen Risikoländern.

Die Scoping Study für die Empire Mine weist alleine schon einen Net Present Value (Summer der mit 8% abgezinsten Cash-Flows) in Höhe von 97 Mio USD aus, wohlgemerkt bei Goldpreisen von 450 USD/ouz und einem Kupferpreis von $1,55 USD/lb.
Werde das ganze die nächsten Tage mal an die aktuellen Rohstoffpreise updaten, mich an eine Bewertung von Vianey machen und mir in Kürze ein paar Shares ins Depot legen…

Cheers
Maigret

*******************************************************************

Thank you for your questions on Journey Resources.

Empire Mine Project

-When will the feasibility study be complete ?
“We expect the feasibility report by the end of this year”

-At what date are you planning to bring the property into production ? -How will you financing the necessary capital expenditures ?
“We would like to bring the mine into production by the first quarter of 2008. We are considering a Bond or Preferred share raise to fund the mine into production. We believe the first year of production should pay for the money raised by financing. We completed a scoping report last year that states at $450 Gold and $1.50 Copper the project would pay for itself in less than 1 year. The report is attached”.

Vianey Mine Silver Project

-Have you further projects in expectation in co-operation with Minerales Jazz ?
“We are looking at other projects in Mexico.”

–At what date are you planning to bring the property into production ? -Are the existing mining facilities in Mexico in a good condition or are there bigger capex for SOP necessary ? -Are you planning a feasibility study before starting the production ?
“We would like to bring the project into limited production by the second quarter of 2007. We will start out small and progress to a larger production schedule over time. We have a Scoping Study prepared in 2000 that is a starting point for production. We are working on updating this report as we receive new information from drilling and underground sampling”

How is your cash position at the moment and are you planning further Private Placements in the near future?
“We have enough cash currently ($1m US), but plan do a major financing in January at higher prices”

Jack Bal
Journey Resources Corp.
604-633-2442 Office
604-306-5285 Cell

[Maigret]

Antwort auf Beitrag Nr.: 25.968.115 von Maigret am 06.12.06 12:09:58

Die ersten sind zu 0,43 CAD im Kästchen.

Aussage Jack Bal
"but plan do a major financing in January at higher prices”

Ich erwarte eine blende Feas für Empire. Wie gesagt knappe 100 Mio NPV wären es schon aufgrund der alten Scoping Study mit aktuellen Rohstoffpreisen. Die Berechnung wurde m.E. aber nur mit Bruchteil der tatsächlichen Rohstoffvorkommen (ca. 1/3) durchgeführt.

Bis Ende Q1 sehe ich ein Potential von 40-50%.

[Maigret]

http://news.goldseek.com/StewartArmstrong/1165263917.php

Journey Resources Takes A Giant Step Forward

By: D. Stewart Armstrong



-- Posted Monday, 4 December 2006 | Digg This Article



Three Advanced Stage Projects with

One Standing Out by Being Outstanding.



(www.journeyresources.com)



I first brought Journey Resources (JNY.V) to your attention back on May 10th of 2006, about seven months ago. It was a rather extensive article and as I recently reviewed it, I thought the facts were well presented and the substantial potential was amply demonstrated. The title was The Longest Journey Begins with the First Step, the price was around $.28 Canadian, and I related to you that this was a company directed by a skilled and committed CEO. Today, December 1, 2006 the price touched $.51 (fifty one cents Canadian) and clearly these past seven months have not been the best of times for the junior mining exploration industry.



Journey has clearly bucked the trend and that tells me that someone is doing something right. I think that someone is Jack Bal, the CEO of Journey.



The question in my mind was whether or not he could pull all the various elements of this complex exploration equation together. The answer clearly demonstrated to date is yes he can.



The one single dynamic that is so difficult to portray to investors and to the readers of this column is the sixth sense one develops after talking with the principals of these many exploration companies over extended periods of time. Often it is easy to figure out who has the skill set to make a company successful and other times you have to wait and wait and contemplate. But as in a game of chess, inevitably a move will be made that gives one insights as to the ultimate outcome of the game. Some brilliant moves have been made in this particular game.



Some of the intangibles that I now look for are accountability, responsibility, commitment, respect, hard work, and the ability to communicate. I know it sounds all so simple and easy, but it truly is not. Every company has an agenda and so in the beginning the best foot is put forward until familiarity sets in and a more relaxed setting ensues. During these interludes is when it becomes possible to know the real person or persons behind the agenda and running the company.



Of course the quality projects have to be present and management should possess the skill sets necessary to move those projects ahead with viable programs both in the field and in the promotional arena. A skilled CEO will be able to construct and execute such plans for the company and do it in a timely basis.



I can think of any number of the companies I represent where the people are simply exceptional. Ultimately, I look forward to speaking with them on a regular basis, and even though they have extraordinarily busy schedules, they will take the time to answer my questions or make time when it is more convenient. It is all about “feel” and the intangibles. The people at Journey Resources have demonstrated to me that they are willing to go the extra mile to create shareholder value and the share price clearly reflects that hard work and those intangibles in action.



Jack Bal has continually demonstrated a substantial level of commitment to his shareholders and that hard work has manifested in a doubling of the share price in less than 12 months. It matters not what business or what sector in which you are investing; 75-100% return in seven months is quite attractive. Now here is the good news. I honestly believe—or in the vernacular designated by the guidelines of the SEC and Sarbanes Oxley—it is my current personal opinion that the best is yet to come!



Planning the Work and Working the Plan



During the past six months, Jack Bal and his team have been doing exactly what they said they were going to do—build company value. I told you that if a company takes care of business and creates shareholder value, the business will take care of the company.



That is exactly what has been happening. However, as usual, I encourage you to visit their website, www.journeyresources.com and discover for yourself why this company is on the move.

Review the press releases, the projects, and my past commentaries.



FYI, below are a few of their most recent accomplishments:



11.07.06 On November 7, 2006 they added Leonard (Len) De Melt to their board of Directors. Mr. DeMelt is well versed in the world of commodities and exploration and adds a new and valuable dimension to the board and to the company. He has held management positions with 12 mining companies internationally and is well known within the mining industry. He brings nearly 30 years of project management and mine development experience to the company.


11/28/06
JOURNEY IS APPROVED FOR TRADING ON THIRD SEGMENT OF THE FRANKFURT STOCK EXCHANGE

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Journey Resources Corp. ("Journey") (TSX VENTURE:JNY - News) is pleased to announce today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The German trading symbol for Journey is "JL4" and the German securities code: (WKN) is A0HNM9.


11/16/06
2006 EXPLORATION DRILL PROGRAM RESULTS ON THE EMPIRE MINE PROJECT

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 16, 2006) - Journey Resources Corp. ("Journey")(TSX VENTURE:JNY) and Trio Gold Corp. ("Trio")(TSX VENTURE:TGK; PINK SHEETS:TROOF) are pleased to announce further results from the 2006 exploration program on the Empire Mine Project (the "Property"). The primary objective of the 2006 work program on the Empire Mine Project is to complete a feasibility study by the end of 2006.


4. Journey Resources starts drilling Vianey property

2006-11-14 11:18 ET - News Release

www.journeyresourcescorp.com/properties.php?page=vianey

JOURNEY COMMENCES CORE DRILLING ON THE VIANEY CONSESSION MINE

I want to spend just a moment on this news because it truly is significant.

As we move forward in this precious metals bull market, the companies with advanced stage projects, and the ones that are close to completing feasibility studies, and the ones that are close to reopening previously operating mines are the ones that are going to be attracting the attention of the investing public. Production is going to become very important in 2007 and 2008.

Yes, any company with a significant discovery in either base or precious metals will begin to attract attention but those that are close to any kind of production are going to receive additional credits.

JNY is hot on the heels of all these scenarios. In addition, JNY has begun core drilling on its wholly owned Vianey property in north-central Guerrero state, Mexico. Drilling is being conducted from the surface, for a total of approximately 3,000 metres.

I’ve posted the link to this press release just above and might I suggest that you take the opportunity to review it as it might prove to be an important development in the company’s history.

The drill program is ongoing and of course the results haven’t been assayed.

However, part of that Press Release read: VANCOUVER, BRITISH COLUMBIA - Journey Resources Corp. (“Journey”) (TSX: JNY) is pleased to report that core drilling has commenced at its 100% owned Vianey Property in north-central Guerrero State, Mexico. Drilling is being conducted from the surface, for a total of approximately 3,000 metres.

On June 28, 2006, Journey entered into an option agreement with Wits Basin Precious Minerals Inc., whereby Journey granted Wits Basin an exclusive option to acquire up to a 50% interest in certain mining claims comprising the Vianey Mine Concession.

The Vianey property covers 5,022 hectares (approximately 12,400 acres) and has a silver-lead-zinc mineralization production history.

Two Important Considerations: Wits Basin is well on their way to completing their “earn in” interest for this year. I believe that the total $$500,000 will be paid by the end of the year thereby consummating this part of the transaction. The following is from a Journey PR dated July 19, 2006.

“As previously announced in a recent news release dated June 28, 2006, the Company entered into an option agreement (the “Option Agreement”) with Wits Basin Precious Minerals Inc. (“Wits Basin”), whereby the Company has granted Wits Basin the exclusive option to acquire up to a 50% interest in and to the Property.

The terms of the Option Agreement include payment and expenditure requirements by Wits Basin. The payments to Journey include: 500,000 common shares which were issued on June 29, 2006; and an additional 500,000 common shares to be issued on or before January 15, 2007.

Wits Basin must also incur a minimum of US$500,000 in exploration expenditures on the Property by December 31, 2006 and an additional US$500,000 in exploration expenditures on or before September 30, 2007”

Secondly, today, December 4, 2006, Wits Basin put out a PR:

12/4/2006 7:04:19 AM ET


Wits Basin Reports High-Grade Silver-Lead-Zinc Potential Ore Indicated by Recently Obtained Assays From Previous Work on -75 Meter Level of Vianey Mine, Mexico



Please take time to review this PR because I believe you will be favorably impressed.




Now, remember that some of the star attractions; star performers of the mining world are currently silver and zinc. With a past history of mining silver and zinc, I think one would be remiss in not closely examining what Journey is doing in Mexico. The Wits Basin PR delves further into this Mexican property and makes some very positive statements. To wit (You know I couldn’t resist!) in referring to the Vianey Project:

The Hawley report provides three sets of high-grade assay results as follows: (1) Assays over a 61 meter length from an average 2.6 meter wide vein in the southeast end of the -75 meter level average 43.9 ounces per tonne (opt), silver (Ag), 17.1% lead (Pb), 6.36% zinc (Zn); (2) Assays from a 3.0 meter wide vein in a drill hole drilled below the -75 meter level average 41.0 ounces per tonne (opt), Ag, 7.42% Pb, 10.76% Zn; and (3) Assays from a 6.0 meter wide zone in a drill hole from the -75 meter level average 15.0 ounces per tonne (opt), Ag, 8.0% Pb, 22.3% Zn.

Please refer to the link for the complete release.:

http://www.integratir.com/newsrelease.asp?news=2130981139&ti…

Jack Bal was at the Vianey Mine in Mexico this Week

As was stated in the above press release, Journey began drilling on this Project in early November 2006. Jack also visited the mine this week, the last week in November of 2006. I should think that one of the things on his mind would be how soon they could get this advanced stage project back into development.

If you were the CEO, what would you be thinking? If you were a busy CEO how would prioritize your projects and why would you be traveling to Mexico? Well, we know there is an ongoing drill program and we know that this was a mine that was previously in operation so I’m going to put 2 and 2 together. How about you?

I believe we’ll all have to wait and see but I for one am going to be keeping a close eye on what the next few press releases are going to be focusing upon.

Conclusion

I’m putting a little extra emphasis on Journey in this update because JNY has been a terrific performer over these past seven months. It is my personal opinion that the best is still to come. I realize how difficult it is to get behind some of these juniors when you don’t have that “feel” for them. However, this group has done what they’ve said they were going to do and I know for a fact they are working diligently to move all three of their advanced stage projects forward.

The “Empire” Property in Idaho is moving towards feasibility, the “Muskgrove” Property in Idaho has excellent potential, and now the Vianey Project in Mexico is being drilled and tested.

It is my opinion that this company is undervalued and will become more undervalued at these price levels as this resource market heats up.

It would appear that the bull market in precious metals is just getting moving again and that by early 2007, we’re going to see real progress being made in both the projects and the share price in companies such as Journey Resources.

CEO’s must be cognizant of so many elements in order to build shareholder value; everything from the geological anomalies of their properties to IR to PR to how the market is perceiving and reacting to their projects.

I think that Journey’s Vianey property is a sleeper and I for one am going to be purchasing their stock up to a dollar US and perhaps beyond. Remember that I work with the company as a consultant and have read not only their press releases but most of their other material as well.

I am very favorably impressed with what is occurring at the Vianey Mine in Mexico and on their other projects as well. Somehow the cream rises to the top and I think we are seeing that with Vianey.

From out of the blue, this project is beginning to create excitement because of quality.

It also is becoming ever so apparent that hard driving CEO’s of these junior mining companies can be the key to their success. However, that is true in just about any endeavor, and not just mining companies.

In the coming years, I believe that the world will continue bidding the fiat currencies of the major western countries lower, and with the economic boom in China and the Asian countries continuing, there are going to be more and more reasons for the world to appreciate hard assets and for hard assets to appreciate in the world. You can quote me on that.

Consider quality when you see it unfolding before your eyes.

Until the next time,

D. Stewart Armstrong

Consultant to the Junior Mining Sector

[Maigret]

News vom Vianey Partner Wits Basin - von Journey noch nicht released.
Gute Werte, vor allem die by-credits Blei und Zink sind beeindruckend.



Wits Basin released this today...why hasn't JNY released it?
2006-12-04 07:04 ET - News Release


MINNEAPOLIS -- (Business Wire)

Wits Basin Precious Minerals Inc., (OTCBB:WITM) is pleased to announce today the results of its visit recently conducted at the Vianey Mine in Mexico.

Vance White, Chairman of Wits Basin, reports that a recently obtained report by consulting geologist Peter J. Hawley, P. Geo., entitled “Scoping Study of the Vianey Mine,” dated September 16, 2000, provides high grade silver-lead-zinc assays from underground sampling and drill holes from and below the -75 meter level, the deepest level of the Vianey Mine. At current metal prices, three assay intervals of vein widths of 2.6 meters, 3.0 meters, and 6.0 meters all have calculated gross values well in excess of $1,000 per metric tonne.

Mr. White recently led the Company’s team on an on-site review of the Vianey Silver-Lead-Zinc Project in Mexico. In the course of reviewing data at the project, the previously unavailable Hawley report was located. The Hawley report provides three sets of high-grade assay results as follows: (1) Assays over a 61 meter length from an average 2.6 meter wide vein in the southeast end of the -75 meter level average 43.9 ounces per tonne (opt), silver (Ag), 17.1% lead (Pb), 6.36% zinc (Zn); (2) Assays from a 3.0 meter wide vein in a drill hole drilled below the -75 meter level average 41.0 ounces per tonne (opt), Ag, 7.42% Pb, 10.76% Zn; and (3) Assays from a 6.0 meter wide zone in a drill hole from the -75 meter level average 15.0 ounces per tonne (opt), Ag, 8.0% Pb, 22.3% Zn.

The Vianey deposit is accessed by several recently rehabilitated underground levels over a vertical distance of approximately 100 meters from the +25 meter level to the -75 meter level. Following an underground examination, examination of recent drill core, and a review of the Hawley report, Dr. Clyde Smith, President of Wits Basin, has made the following statement: “The Vianey deposit shows marked improvement in grade of Ag-Pb-Zn veins with depth. In addition, in all the levels examined it is apparent that potential ore grade veins continue past the southeast limits of past mining. The reported high grades at depth occur adjacent to an underlying brecciated two-phase granitic intrusion strongly suggestive of the upper levels of a porphyry system. This intrusion is mineralized and appears to have excellent potential for bulk scale mining. In fact, the above reported 6.0 meter zone is apparently hosted in this intrusion. The assay results in the Hawley report will have to be verified by re-sampling and re-drilling but if they are verified, it is clear that the Vianey project is showing strong indications that it has the potential to become a significant producing mine.”

A surface drill program is currently in progress. Results will be reported when available.

Wits Basin has the right to earn in a 50% interest in the Vianey Silver-Lead-Zinc Project with Journey Resources Corp. Mr. Jack Bal, President and CEO of Journey, participated in the recent review of the project in Mexico.

About Wits Basin Precious Minerals Inc.

We are a minerals exploration and development company holding interests in five exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol “WITM.” To find out more about Wits Basin Precious Minerals Inc. (OTCBB: WITM) visit our website at www.witsbasin.com.

Forward-Looking Statements and Risk Factors

Certain statements contained in this press release are forward-looking in nature and are based on the current beliefs and assumptions of our management. Words like “may,”“could,”“should,”“anticipate,”“believe,”“estimate,”“expect,”“intend,”“plan,”“predict,” and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes.

The exploration for and development of mineral deposits involves significant financial risks, which even experience and knowledge may not eliminate, regardless of the amount of careful evaluation applied to a process. While the discovery of a mineral deposit may result in substantial rewards, few properties are ultimately developed into producing mines. Moreover, we cannot make any estimates regarding probable reserves and mineral resources in connection with any of our projects and any estimates relating to possible reserves are subject to significant risks. Therefore, no assurance can be given that any size of reserves or grades of reserves will be realized. If a discovery is made, the mineral deposit discovered, assuming recoverable, may differ from the reserves and mineral resources already discovered and recovered by others in the same region of the planned areas of exploration.

The cost of exploration and exploitation can be extensive and there is no assurance that we will have the resources necessary or the financing available to pursue projects we currently hold interests in or to acquire interests in other mineral exploration projects that may become available. The risks are numerous and detailed information regarding these risks may be found in filings made by us with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB, quarterly reports on Form 10-QSB and reports on Form 8-K.

Contacts:

For Wits Basin Precious Minerals Inc.
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
[e-mail]
or
Wits Basin Precious Minerals
Vance White, Chairman, 416-214-2250
Stephen King, CEO 612-490-3419

Source: Wits Basin Precious Minerals Inc.

[leon1707]

Antwort auf Beitrag Nr.: 26.014.780 von Maigret am 08.12.06 07:14:38

werde jetzt auch mal so langsam einsteigen
schaun wir mal was da noch so kommt

[Frickhasserin]

[Maigret]

hab mal nachgefragt wo die Empire Feas bleibt.....



Draft document in hand and should be "tuned" within the next week or so, will be posted on our website.

Thank you for your well wishes for 2007 and the same to you and your family.

Regards,
Andy

[Maigret]

nochmal vorgestern ein paar zu 0,40 CAD nachgelegt.
Das Baby hält sich bei der momentanen Rohstoff-Schwäche erstaunlich stabil. Das macht Hoffnung auf nächste Woche.

[Maigret]

Jochen,
Kursverlauf bisher enttäuschend....
Aktien bleiben aber im Depot bis zum Announcement der Feas. Anbei unten der letzte Stand hierzu vom CEO....





"There is no problem with the feasibility report on Empire project. We have received a draft report that meets our expectations on the economics of the project. We are waiting for the last of the drill results to complete this study and bring it to 43101 standards.



The assay data >from the lab has been very slow due to the volume of work these labs have been doing. Never the less, we expect the balance of the results in the next 2 weeks and a final report 2-4 week after this.



Sincerely,



Jack Bal"

[Maigret]

Unten beigefügter Artikel geklaut aus Stockhouse......
Jetzt müßen die Jungs nur noch liefern !!!!



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Resourcex Reports: Journey to the Heart of the 43-101 Technical Report
Monday, January 29, 2007
By Resourcex



A journey to the heart of the Empire Mine project
It may raise eyebrows to say it, but picking successful junior resource stocks is a highly tangible business. Typically, where investors make mistakes is at the point where the heart takes over from the head. The business of stock promotion is marketing and little else. A good stock promotion program is a lot like a successful television commercial: When Jack White of the White Stripes rocks out to a hallucinogenic Coke commercial, people don't just listen, they buy. The heart takes over. The same thing applies to a suave stock promotion campaign.

The Canadian Securities Administrators (CSA) created National Instrument 43-101 after the biggest stock scandal in Canadian history, now commonly called "Bre-X." The point of 43-101 was twofold: First, to create "standards of disclosure for mineral projects" so that investors could rely on something more than geological fish stories. And, second, to hold technical report authors and company directors accountable for their disclosure in press releases, websites, technical reports, and so on. A 43-101 technical report takes a bite out of the guesswork of investing in a junior; is one of the most valuable tools for analysts and investors; and is usually my first port of call when investigating a new investment prospect.

Journey Resources (TSX: V.JNY, BullBoards) is an excellent example of a company that has embraced NI 43-101, and will in turn benefit from it as well as the hard work and experience of its team. I'm going to focus on Journey's most recent addition to its growing list of technical reports available at www.SEDAR.com, which is titled Empire Mine Project.

Something many investors are unaware of is that, although 43-101 technical reports are written by a Qualified Person (QP) with a minimum of five years experience in the field they are writing about, they are written for investors and analysts. Which is to say that you don't need to be an expert to read and understand a 43-101. That said: you may want a mining dictionary on hand when reading one. (Here's one online at InfoMine: http://www.infomine.com/dictionary/))

On Friday last week, Vancouver's Mineral Exploration Roundup conference kicked off with a discussion of National Instrument 43-101, attended primarily by industry folk. The presenters included the Chief Mining Advisor of the BC Securities Commission Robert Holland, who pointed out that "as much as possible technical reports should be written in plain language and be easily read by the investing public."

Most of what you need to know about mineral claim is covered in a few sections of a 43-101 technical report. Journey Resources' report on the Empire Mine, for example, is 33 pages long, which is a haiku compared to many of the epics on SEDAR.

By reading the summary and conclusion sections, I can usually extrapolate the merit of a prospective investment. Since the BC Securities Commission regulates the 43-101 technical report, companies are obliged to be forthright about their disclosure. This is significant because it affects the language of the report; there is no room for braggadocio and fish stories in a 43-101 compliant technical report. The consequence of crossing this line could well be a Cease Trade Order (CTO), which is more than a mere nuisance to a public company.

The summary and conclusion sections of Journey Resources' 43-101 technical report on the Empire Mine, therefore, speaks volumes, not simply because it's positive, but because it suggests investor value. First a few salient points from the summary:


The purpose of the Empire Mine 43-101 report is to review the technical merits of the project for the benefit of 50/50 JV partners Journey Resources and Trio Gold Corp (TSX: V.TGK, BullBoards)
In order to earn a 50% interest, Journey must pay US$50,000 upfront and CDN$200,000 upon closing, incur costs of US$1.5 million prior to August 31, 2007, and issue 700,000 JNY shares to Trio (at 30 cents per share)
The Empire Mine produced 765,000 tons grading 3.64% copper, 0.048 oz/t gold and 1.57 oz/t silver from underground workings in the period 1901 to 1942
The mine is located in Custer County, Idaho
And then a kicker:
"In 1997, Cambior Exploration USA Inc. reported a drill-indicated, near-surface, oxide copper resource of 18,230,000 tons grading 0.49% Cu, 0.19% Zn, 0.44 oz/t Ag (13.5 gm/t) and 0.015 oz/t Au (0.48 gm/t), with an additional 9,650,000 tons of material grading 0.29% Cu and 0.31% Zn."

Although this isn't a 43-101 compliant resource estimate, it was completed by a distinguished company, Cambior Exploration (recently acquired by IAMGOLD (TSX: T.IMG, BullBoards)), and is recent. Moreover, the report was later (2001) corroborated by Sierra Mining and Engineering LLC. In other words, it gets a cautious green light from me.

A little rough mathematics gives this junior more luster: At US$5,500 per ton, the gross value of just the in-situ copper is roughly US$645 million. Add to that significant zinc, silver and gold mineralization. At this point, however, all is pure speculation, and takes into account none of the costs associated with building and bringing a mine to production.

On page 12 of the technical report, the QP (qualified person) concludes with what I would consider glowing remarks. He states, "The author concludes that potential exists on the property to improve the current near-surface historical resource, and to discover additional base and precious metal mineralization."

The QP goes on to say that only 76 of the 208 existing drill holes were assayed for gold and silver, in spite of the fact that "precious metal content is of sufficient grade and continuity to potentially significantly impact the economics of the project." The QP couldn't be more on the money here: ongoing drilling at Empire has yielded the following headlines: "Journey, Trio drill 24.38 m of 45.13 g/t Ag at Empire," "Journey, Trio drill 75.6 m of 25.3 g/t Ag at Empire," and most recently, "Journey, Trio drill 9.1 m of 126.6 g/t Ag at Empire."

I have had several years of experience reading these very dry and often overwrought 43-101 reports. This one is not only the most clear and concise; it is also about the most promising one I have read. A quick overview of the company makes clearer why. To begin with, Len DeMelt is on the board. I wrote about DeMelt briefly last week in an editorial I wrote about the importance of people in this sometimes dubious industry. You can read it here .

Journey has a market cap of only $9,000,000, and is trading at 36 cents, which translates into a lot of upside potential. As well, at the rate Journey is progressing, the company could announce a feasibility study on the Empire Mine sometime this year, which indicates more upside, based on the existing 43-101 data.

Best of all? Empire is only one of three 43-101 technical reports the company has available at SEDAR. The others cover the Musgrove Creek Gold Project and the Vianey Mine Silver Project, both of which are certainly worth a read.


Doug Hadfield is the Chief Editor of the Resourcex Investor, an internationally distributed newsletter specializing in identifying as-yet-undiscovered resource companies representing the best in their class. For more information, visit the website www.resourcexinvestor.com.

[Maigret]

Antwort auf Beitrag Nr.: 27.418.438 von Maigret am 04.02.07 15:32:54

Journey arranges 2007 Musgrove Creek drill program


2007-02-08 09:27 ET - News Release

Mr. Jack Bal reports

JOURNEY ANNOUNCES 2007 DRILL PROGRAM ON THE MUSGROVE CREEK GOLD PROJECT

Journey Resources Corp. is arranging a 2007 drill program on its Musgrove Creek gold project in Salmon, Idaho.

Journey is currently earning a 100-per-cent interest in and to certain mineral claims comprising the Musgrove Creek property. The Musgrove Creek property consists of 86 contiguous, unpatented mining claims located in the cobalt mining district of Lemhi county, approximately 25 miles from Salmon, Idaho, and covers approximately 1,700 acres of gentle to steep terrain that is accessible by roads.

The Musgrove Creek gold project is underlain by quartzite, siltitess and phyllites of the Precambrian-age Apple Creek formation, situated along the Trans-Challis fault system, a prominent northeast-trending fault zone, which is host to numerous gold deposits.

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 National Instrument 43-101 inferred mineral resource estimate at the Johnny's Point section of the Musgrove deposit is eight million tonnes at 1.22 grams per tonne gold (0.036 ounce per ton) at a gold cut-off of 0.8 gram per tonne (0.023 ounce per ton).

This is equivalent to 9,761 kilograms (313,822 ounces) of gold at nil dilution (David Makepeace, PEng, 2004). Previous exploration and the current resource evaluation indicate that the Musgrove deposit is open along strike in both directions and down-dip.

Operations in 2007 will include reopening 4,700 feet of additional drill roads, the construction of nine new drill pads and the drilling of nine holes, 7,500 feet in total length. The drill holes will be angled and drilled due west at inclinations of 50 degrees, spaced roughly 200 feet apart. They will all test the main portion of the Ostrander Creek gold-in-soil anomaly delineated in 2004. In addition, the company is preparing for a feasibility phase by upgrading the resource calculation, initiating environmental baseline studies and producing a detailed topographic map of the area.

The estimated starting date for the project in 2007 will be in May, 2007, as soon as weather and road conditions permit. The project will end for the year in September, with October being used for reclamation work.

The 2007 drill program is designed to add to the inferred resource in the National Instrument 43-101 calculation, and will provide additional tonnage going into the feasibility phase.

To date there have been 41 holes drilled on the Musgrove deposit totalling approximately 11,248 metres.


SIGNIFICANT DRILL HOLE ASSAY
INTERCEPTS FROM THE 2006 PROGRAM

Hole From To Length Gold
No. feet feet feet opt

42 135 150 15 0.029
885 900 15 0.029
43 110 160 50 0.023
150 185 35 0.019
355 360 5 0.038
500 515 15 0.107
44 95 105 10 0.087
375 380 5 0.21
475 505 30 0.038
810 860 50 0.019
45 610 640 30 0.031
860 870 10 0.022
905 995 90 0.013
46 50 60 10 0.023
170 185 15 0.043
255 260 5 0.161
47 255 275 20 0.025
515 530 15 0.015
48 55 70 15 0.01
390 395 5 0.039
425 430 5 0.081
595 605 10 0.032
49 685 700 15 0.03
50 325 350 25 0.027


Although gold grades were generally low, there were highly anomalous intervals in all of the holes with grades ranging as high as 0.21 ounce per ton gold.

Mr. Makepeace, MEng, PEng, and Michael McClave, PG, qualified persons as defined by National Instrument 43-101, co-authored the company's National Instrument 43-101 technical report dated May 15, 2006. Mr. Makepeace was also responsible for the mineral resource estimate dated Feb. 25, 2004, which is classified as an inferred mineral resource, and incorporated into the company's technical report. Mineral resources, which are not mineral reserves, have not demonstrated economic viability. Journey is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issues which may materially affect the estimate of mineral resources.

We seek Safe Harbor.

[aNFOx]

ourney Exercises Option and Acquires 100% of Musgrove Creek Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 27, 2007) - Journey Resources Corp. ("Journey" or the "Company") (TSX VENTURE:JNY - News; FRANKFURT:JL4 - News) is pleased to announce that, it has fulfilled all of its obligations under an amended mineral claim option agreement dated November 30, 2005 between Journey, Roxgold Inc. (formerly Wave Exploration Corp.) and Wave Mining Inc. (the "Option Agreement") to earn a 100% interest in and to certain mineral claims comprising the Musgrove Creek Project.

As previously announced in a news release dated June 1, 2007, Journey negotiated an amendment to the Option Agreement, whereby the Company could expedite its obligations to earn a 100% right, title and interest in the Musgrove Creek Project. The Company received regulatory approval on June 12, 2007 and has subsequently made final payment in the amount of CDN$25,000 cash and 75,000 common shares of its capital to Roxgold Inc., rather than the original payment of CDN$150,000 in cash on or before November 30, 2007.

The Musgrove Creek Property consists of 46 contiguous, unpatented mining claims located in the Cobalt Mining District of Lemhi County, approximately 25 miles from Salmon, Idaho and covers nearly 1,000 acres of gentle to steep terrain that is road accessible.

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".

The 2007 Plan of Operations, as submitted and accepted by the US Department of Agriculture, US Forest Service, includes soil sampling, geological mapping, and the diamond drilling of 9 holes for approximately 7,500 feet in total length.

Planned drilling will include reopening 4,700 feet of additional drill roads, the construction of 9 new drill pads and the drilling of 9 holes, 7,500 feet in total length. The drilling will test the main portion of the Ostrander Creek gold-in-soil anomaly delineated in 2004. Drilling will be accomplished using a newly acquired skid mounted Hydracore 2000 diamond drill owned by the Company. The purpose of the drill program is to assist in defining the mineralized zone(s), with the objective of increasing the mineral resource and advancing the project toward a feasibility study and eventual production.

Mr. Jack Bal, President of Journey, commented: "We are very excited about exercising our option to acquire a 100% interest in the Musgrove Creek Gold Project and look forward to a successful work program".

Journey Resources Corp. is a mineral-exploration resource company trading on the TSX Venture Exchange (Symbol : JNY) and the Frankfurt Stock Exchange (Symbol : JL4). The Company is currently exploring three advanced exploration-stage projects; the Vianey Mine Silver Project, the Musgrove Gold Project and the Empire Mine Project. The Vianey Mine Project consists of concessions totaling 5,022 hectares in Guerrero State west of Mexico City, Mexico. The Musgrove Project is a prospect for a disseminated gold bulk-tonnage surface project similar to the Beartrack Mine, a nearby former gold producer. The Empire Mine Project is a poly-metallic skarn deposit containing copper, zinc, gold and silver ores.

ON BEHALF OF THE BOARD OF DIRECTORS
Jatinder (Jack) Bal
Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents herein.

Contact:
Jack Bal
Journey Resources Corp.
Director
[phone] or Toll Free 1-800-667-1442
Email: [e-mail]
Website: www.journeyresourcescorp.com

Mike Starogiannis, P. Eng, MBA
First Canadian Capital Corp.
[phone] or Toll Free: 1-866-580-8891
Email: [e-mail]
Website: www.firstcanadiancapital.com

[MunichStock]

Irgendwie passt dieses Unternehmen in das Profil des Goldexplorers, den RSR gestern kurz angerissen hat (leider, ohne den Namen des Explorers zu verraten) und der heute von Pennystockraketen vorgestellt werden soll:

Hinweis zu unglaublicher Aktie!

Aktie, zu klein für Besprechung in Rohstoffraketen.de wird morgen (also heute) in Pennystockraketen.de behandelt.

7 Millionen Euro Börsenwert
fast 2 Millionen Unzen Gold nachgewiesen
in Nähe von Goldminen eines der größten Goldproduzenten der Welt

dieser große Goldproduzent finanziert die Arbeiten dieses kleinen Explorers

Hab heute die Umsätze vieler Goldexplorer beobachtet und kam so auf diese Aktie. Vielleicht finde ich blindes Huhn ja auch mal ein Korn. Hab mir ein paar besorgt.

[MunichStock]

Dazu dieser Bericht von www.finanzen.net:

http://www.finanzen.net/analysen/analysen_detail.asp?analyse…