Tue Sep 22, 2009 Drilling Plans for Raney Gold Project, Timmins, NE Ontario
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") reports that plans for a diamond drilling program have been finalized on it's 100% owned approx. 3500 acres Raney Gold Project located southwest of Timmins in northeastern Ontario.
To date, ten diamond drill holes have been completed on the project, five holes by past project operators and five holes by MPH.
Significant gold intersections include 3.9 g/t Au over 17.2 metres including 7.7 g/t Au over 6.8 metres in hole R-08-04, 6.5 g/t Au over 8.0 metres in hole R-09-08, and 3.5 g/t Au over 6.8 metres in hole 99-01. All three intersections are positioned between the 90 metre and 130 metre depth level. Drilling at the early stage of the project has been limited to 100 metres of strike extent along a gold bearing shear structure traced for approximately 350 metres along surface.
MPH Ventures plans to drill 3 to 4 holes below the limits of past drilling for around 1000 metres of drilling.
MPH president Jim Pettit commented "We are very optimistic about testing the Raney gold zone in this next phase of drilling. Encouraging results to date from the limited work indicates excellent potential for the discovery of a continuous zone of gold mineralization at depth. Clearly the next phase of drilling will target areas below the know intersections."
The exploration program is being carried out under the direction of Todd Keast, P. Geo. The information in this news release was prepared by Todd Keast, PGeo., a qualified person as defined by National Instrument 43-101.
MPH Ventures also announces that it has entered into a Consulting Agreement with Envoy Strategic Partners of Toronto, Ontario. Pursuant to the terms of the Agreement, the Company has agreed to engage Envoy for a period of six months to raise investor awareness, attract investment and find strategic financial partners. The Company has agreed to pay a fee of $3500 per month, plus GST and shall from time to time grant Envoy incentive stock option in such amounts and such prices as to be determined by the board of directors of the Company and pursuant to the policies of the TSX Venture Exchange and regulatory authorities.
The Consulting Agreement is subject to TSX Venture Exchange acceptance.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com
or
Jay J. Bedard
Envoy Strategic Partners
Corporate Communications
Telephone: 416-977-7778
Email: jay@envoystrategicpartners.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release may contain certain "Forward-Looking Statements" that may involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com
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