Investment Advisory - Journey Resources High Grade Gold Project Set to Cash Flow with Proceeds Advancing Idaho Property Towards 1Moz Gold

Mining MarketWatch Journal review of Journey Resources Corp. (TSX VENTURE: JNY) (FRANFURT: JL4) (US Listing: JNYRF). The risk-reward characteristics are highly advantageous for investors establishing a long position in JNY.V now, as 1) the reality of 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.

New York, NY (PRWEB) June 16, 2009 -- Mining MarketWatch Journal has published a review on Journey Resources Corp. (TSX VENTURE: JNY)(FRANFURT: JL4)(US Listing: JNYRF). The review offers insight and opportunity afforded investors as the Company is poised to take their 100% owned high grade Charay Mexico gold property into operation and advance their 100% owned Musgrove Creek Idaho gold project from 313,822 oz gold towards a projected 1M+oz resource.

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

Excerpts:
Journey Resources Corp. (TSX-V: JNY) is poised for significant upside share price revaluation as two of their 100% owned gold projects are poised for major developments that will fundamentally change the inherent value of the Company. Journey Resources' Charay property is a high grade vein-hosted gold-silver project that posses a technical report that places the property ready for immediate production. With blasting permits received, the company will be shifting key personal to the Charay property to take the first 35,000 tonnes of material that is essentially at surface. With an average grade of 18.75g/t. Mining MarketWatch believes an initial 24,000+ oz of gold will be mined at a cost of under US$100/tonne. This scenario will cash flow the expansion of the property, which is open at strike and at depth; the deposit has only been drilled to 50m with every hole intersecting substantial mineralization and the highest grades being the deepest holes. Mineralization is mesothermal and later low sulphididation epithermal systems. The ongoing cash flow will allow enable advancement of all their projects without further dilution to the share structure and most importantly prove up their flagship Musgrove Creek Idaho gold project (currently with resources of 313,822oz gold) towards their 1Moz+ gold target.

The risk-reward characteristics are highly advantageous for investors establishing a long position in JNY.V now, as 1) the reality of 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 ~65M shares outstanding and trading under CDN$0.15, 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 and of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.

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