ehem. Journey Resources

Da die ehemaligen Beiträge dieser Aktie Seit der Namensänderung  hier nicht mehr vor zu finden sind, möchte ich in Erinnerung rufen das Musgrove Minerals ehem. Journey Resources ist.

Das vielversprechende Charayprojekt  liegt in der Nähe der Fresnillo Mine in Mexico von Fresnillo Aktie [WKN: A0MVZE / ISIN: GB00B2QPKJ12]

Eine komplette Einschätzung von Musgrove Minerals (im Beitrag noch Journey Resource) findet ihr auch auf  http://www.rohstoff-spiegel.de/archiv.php (Ausgabe 15-2010)

Veröffentlichung des Charay-Projektes vom 25.05 2010

ANNOUNCES PRELIMINARY METALLURGICAL RESULTS AT CHARAY
Vancouver, B.C. – JOURNEY RESOURCES CORP. (“Journey” or the “Company”) is pleased to
announce the Company has received preliminary metallurgical results from its Charay property located in
Mexico.
The main exploration target on the Charay property is the El Padre vein, a high-grade gold-silver epithermal
quartz vein. Two bulk samples taken from the El Padre vein in January 2010 were shipped to Laboratorio
Tecnologico de Metalurgia in Hermosillo, Sonora for metallurgical testing. Head assays from the bulk samples
were announced in Journeys’ February 3rd, 2010 news release. The Company has now received results from
preliminary gravity and bottle-roll leach metallurgical tests for both samples.
Six cyanide leach tests on three different grind sizes show excellent gold recoveries of 69% to 94%, with all
samples using – 60 and – 100 mesh showing gold recoveries in excess of 90%. Each bottle-roll test was for 72
hours. These tests suggest that the mineralization at Charay may be amenable to agitated leaching methods.
Advantages of agitated leaching over heap leaching include, amongst other things: i) drastically shorter leach
times (hours vs months), ii) higher overall gold recoveries (>90% vs <75%), and iii) smaller aerial footprint for
the leaching facilities.

Quelle: http://www.musgroveminerals.com/pressreleases/...25%2010%20CHARAY.pdf

For Immediate Release
MUSGROVE MINERALS CORP. ANNOUNCES A FURTHER INCREASE TO ITS
NONBROKERED
PRIVATE PLACEMENT
Vancouver, B.C., January 17, 2011 – MUSGROVE MINERALS CORP. (TSX-V: MGS, Frankfurt:
JL4) (“the “Company”), in follow up to its original news release dated October 4, 2010, as amended by news
release December 30, 2010, that it has increased its $0.15 unit non-brokered private placement (postconsolidated),
as announced on December 30, 2010, from 17,333,333 units to up to 18,000,000 units, for
gross proceeds of up to $2,700,000, each unit comprising one common share and a one-half common share
purchase warrant, each two of such warrants, entitling the holder thereof to purchase one additional common
share of the Company at a price of $0.20 per share, over a period of one year from the date of closing. This
private placement is subject to regulatory approvals.
Finders fees may be payable in this private placement.
The proceeds of the private placement will be used for general working capital.

Quelle: http://www.musgroveminerals.com/pressreleases/...0JAN%2017%202011.pdf

Mr. Jatinder Bal reports

MUSGROVE SIGNS EXPLORATION AND LEASE AGREEMENT FOR 100% INTEREST IN THE EMPIRE MINE PROJECT

Subject to regulatory approval Musgrove Minerals Corp. has signed an  exploration and lease agreement with Honolulu Copper and Mackay LLC for  100-per-cent operating interest in the Empire mine project.  The Empire  mine project is a polymetallic skarn deposit containing copper, zinc,  gold and silver located in the Alder Creek mining district in Custer  county, Idaho. The mine is located on the east-facing slope of the White  Knob Mountains approximately three miles west of Mackay, Idaho. The  property consists of 26 patented mining claims, six mill-site claims and  21 unpatented mining claims.

Historic production records indicate the Empire mine produced 765,000  tons grading 3.64 per cent copper, 0.048 ounce per ton gold and 1.57  ounces per ton silver from underground workings in the period 1901 to  1942 (694,000 tonnes grading 3.64 per cent Cu, 1.65 grams per tonne  (g/t) Au and 53.9 g/t Ag). Geologically, the mineralization is  classified as a polymetallic copper-skarn. Mineralization has been  encountered over a strike length of 1,200 metres, thickness of six m to  73 m, and a depth of more than 300 m.

In 1997, Cambior Exploration USA Inc. reported a drill-indicated,  near-surface, oxide copper resource of 18.23 million tons grading 0.49  per cent Cu, 0.19 per cent Zn, 0.44 ounce per ton Ag (13.5 g/t) and  0.015 ounce per ton Au (0.48 g/t), with an additional 9.65 million tons  of material grading 0.29 per cent Cu and 0.31 per cent Zn (Cambior,  1997).  A qualified person has not done sufficient work to classify the  historical estimate as current mineral resources, the issuer is not  treating the historical estimate as current mineral resources and the  historical estimate should not be relied upon.

The terms of the exploration and lease agreement include payment of cash  and shares (all shares issued are at the election of the company as  follows:

1. Non-refundable $60,000 cash payment on signing of the agreement;
2. $60,000 cash payment -- July 31, 2011;
3. $14,250 as an advanced quarterly royalty payment on commencement of  12-year mining lease.  Expected to commence on Oct. 31, 2011;
4. $9,000 (U.S.) or the equivalent of common shares -- on commencement of the mining lease;
5. $11,500 or the equivalent of common shares -- on completion of an NI 43-101-compliant reserve calculation of the oxide resource;
6. $31,500 or the equivalent of common shares -- on completion of an NI  43-101-compliant reserve calculation of the underlying sulphide  resource;
7. $51,500 or the equivalent of common shares -- on completion of NI 43-101-compliant feasibility report;
8. $50,000 or the equivalent of common shares -- on completion of land exchange with the U.S. Forest Services;
9. $175,000 or the equivalent of common shares -- on completion of permit to operate for commencement of mining.

Musgrove will pay a 2.5-per-cent net smelter returns royalty (NSR) on  commencement of commercial production and can purchase up to 1-per-cent  NSR for $2.4-million (U.S.).

In 2006, Trio Gold Corp. optioned 50 per cent of the Empire mine project  to Musgrove. Musgrove drilled 33 diamond and reverse circulation drill  holes and commenced preparations on a feasibility report. In 2007, Trio  Gold and the property owners commenced legal actions against each other  that resulted in a settlement agreement in 2008. As part of that  agreement, Musgrove would receive $1-million as compensation from the  property owners group. Due to poor market conditions at that time, the  payment was not made.

This exploration and lease agreement resolves past issues and will allow  the company to move forward with the Empire mine project.  This  agreement is subject to TSX Venture Exchange approval.

Musgrove will complete the infill drill program as outlined in the  company's NI 43-101 report published in 2006 and work toward completion  of the feasibility study and economic exploitation of the deposit.

Jack Bal, president of Musgrove, commented, "We are very excited to get  back on the property and complete the exploration work started in 2006."

The qualified person for the technical content of this release is Robert M. Hatch, LG.