Journey, Grenville, start exploring Silveria
2008-02-21 10:30 ET - News Release
See News Release (C-JNY) Journey Resources Corp
Mr. Jatinder Bal of Journey reports
JOURNEY AND GRENVILLE GOLD COMMENCE WORK PROGRAM ON SILVERIA PROPERTY
Journey Resources Corp. and Grenville Gold Corp. have started an exploration program on the Silveria property located in the Huarochiri province of Peru.
Journey is commencing an aggressive exploration program with the intention of resampling select underground ore blocks to verify historic grades, while at the same time mapping and sampling outcropping veins in order to develop a drill program designed to test the strike extension and down-dip extension of the larger veins. The geological team is currently on site at the Silveria property and comprises six international geologists.
Jack Bal, president of Journey, comments: "The Silveria project has attracted a remarkable geological team, headed by our recently appointed VP, explorations, Dr. Chris Wilson. The geological team is planning to camp on site, using existing mine buildings for accommodations and an office. This will allow for a more aggressive and cost-effective work program."
There are four main areas at the Silveria property which will be the focus of the exploration program in the first and second quarters of 2008:
- An existing resource in unmined underground ore blocks;
- The unmined depth and strike extensions of known veins;
- The untested, outlying gossanous and altered areas;
- The tailings on the property.
Underground resampling of selected veins will be conducted in order to verify the historic grades of remaining ore blocks. Peruvian mining law allows for mining operations of up to 500 tons per day without the need for additional government permitting. The underground sampling program will focus on defining a JORC and National Instrument 43-101-compliant resource, for the purposes of a scoping study planned for the third and fourth quarters of 2008.
Detailed mapping of the field area will focus on identifying the strike and depth extensions of known veins, and untested veins under cover, in order to design a diamond drill program, which is also intended to commence during the third quarter of 2008.
Gossans and areas of strong clay alteration that occur in the valleys surrounding the Silveria property remain largely untested. Reconnaissance mapping and rock chip sampling are planned to assess the potential of these areas. An orientation survey of the various tailings at the Silveria property will also be conducted in order to determine tonnage and grades.
A diamond drilling program is planned to commence in the third quarter of 2008. A surface drill rig will target the strike and depth extensions of veins that can be drilled from the surface, and veins that have not yet been mined. An underground diamond drill rig will be used to target the depth extension of high-grade oreshoots identified during underground resampling and from existing mine plans.
Journey has implemented a robust quality analysis and quality control protocol that includes the insertion of field blanks, certified reference standards and staged duplicates into the sample stream. Samples will be submitted in batches and laboratory performance will be monitored on a continuing basis.
Paul Gill, president of Grenville, commented, "We are pleased to be commencing a work program on the Silveria property designed to advance the information base and define our exploration and development potential."
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