MPH Results on Raney Gold Project and New NI 43-101 Resource Calculation being Completed on Pidgeon Molybdenum Deposit
The drilling was designed to evaluate a number of prospective anomalies identified by the recently completed Induced Polarization (IP) Survey which extended 400 metres to the west and 400 metres to the east on strike with the known gold zone on the Raney project. MPH Ventures drilled five holes, totaling 650 metres, to test the numerous chargeability and resistivity anomalies identified by the IP Survey.
Hole R-10-01 was planned to test the extension of the Raney gold structure 100 metres east of the previous drilling. This hole intersected numerous gold intercepts over narrow widths including 18.85 g/t Au over 0.40 metres, 7.08 g/t Au over 0.75 metres, 3.67 g/t Au over 1.0 metre, and 2.85 g/t Au over 1.0 metre. The drilling confirms the eastward continuity of the structure. The other four holes did not intersect significant gold mineralization but sufficiently explained the geophysical anomalies.
Hole From M To M Intersection M G/T Gold R-10-01 49.50 50.50 1.00 3.67 R-10-01 54.00 55.00 1.00 0.74 R-10-01 57.00 58.40 1.40 0.05 R-10-01 58.40 58.80 0.40 18.85 R-10-01 58.80 60.00 1.20 0.12 R-10-01 84.00 85.00 1.00 2.85 R-10-01 95.50 96.50 1.00 0.21 R-10-01 96.50 97.50 1.00 0.26 R-10-01 97.50 98.50 1.00 2.45 R-10-01 108.80 110.00 1.20 0.21 R-10-01 110.00 110.75 0.75 0.03 R-10-01 110.75 111.50 0.75 7.08 R-10-01 111.50 112.50 1.00 0.21
Raney gold property grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, nineteen diamond drill holes have been completed on the project. Significant gold intercepts include 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 metres in hole R-09-04, 6.5 g/t Au over 8.0 metres in hole R-09-08, 3.5 g/t Au over 6.8 metres in hole 99-01, and 18.85 g/t Au over 0.40 metres in hole R-10-01.
Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth. The Company is reviewing all data in order to determine the next phase of drilling.
The exploration program was carried out under the direction of Todd Keast, P. Geo. The information in this news release was prepared by Todd Keast, P. Geo., a qualified person as defined by National Instrument 43-101.
In other news, MPH Ventures is currently updating its NI 43-101 resource estimate for its 100% owned 3,420 acre "Pidgeon Molybdenum Deposit" located near Dryden, Ontario. Since acquiring the project from BHP Billiton and Goldcorp in 2007, MPH Ventures has drilled over 40 holes on the project and has hit significant molybdenum intersections within open pit parameters.
MPH Ventures is focused on the development of its wholly owned gold and molybdenum projects located throughout Ontario. Management of MPH has extensive expertise in identifying and adding value to exploration projects throughout Ontario, Canada.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's web site at www.mphventurescorp.com.
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.
Drill Program Initiated on Raney Gold Project by MPH Ventures near Timmins, Ontario
The drilling will evaluate a number of prospective anomalies identified by the recently completed Induced Polarization (IP) Survey which extended 400 metres to the west and 400 metres to the east on strike with the known gold zone on the Raney project. MPH Ventures plans to drill two holes on strike to the west of the known gold occurrence and three holes on strike to the east in order to test the numerous chargeability and resistivity anomalies identified by the IP Survey. The Company believes it is well positioned to expand the known gold zone to the west and to the east with this five hole drill program.
Raney gold property grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Gold intersections have been encountered on all holes with most intersections being positioned between the 90 and 130 metre vertical depth level. Significant gold intercepts from the fourteen drill holes include 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 metres in hole R-09-04, 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. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth.
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, P. Geo., a qualified person as defined by National Instrument 43-101.
MPH Ventures is focused on the development of its wholly owned gold and molybdenum projects located throughout Ontario. Management of MPH has extensive expertise in identifying and adding value to exploration projects throughout Ontario, Canada.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's web site at www.mphventurescorp.com.
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.
MPH Ventures Elevates Raney Gold Project Exploration Program
The IP survey conducted by MPH Ventures over the Raney property gold occurrence extended 400 metres to the west and 400 metres to the east on strike with the known gold zone. Multiple chargeability and resistivity anomalies were identified by the survey and a diamond drill program is planned to begin immediately.
Raney gold property grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Significant gold intersections include 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 metres in hole R-09-04, 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. Most intersections are positioned between the 90 and 130 metre vertical depth level. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth.
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, P. Geo., a qualified person as defined by National Instrument 43-101.
MPH Ventures is focused on the development of its wholly owned gold and molybdenum projects located throughout Ontario. Management of MPH has extensive expertise in identifying and adding value to grass roots exploration properties in Canada and the world.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's web site at www.mphventurescorp.com.
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.
MPH Godfrey Gold Phase One Drill Program Completed, West Timmins, Ontario
All three holes drilled to date encountered a wide zone (+60 metres) of the heavily altered felsic intrusion. The quartz sericite alteration contains quartz veins and fine disseminations of pyrite. The third hole confirmed the altered intrusion at depth.
Godfrey Gold property drill hole location map, West Timmins:
http://www.mphventurescorp.com/i/maps/MPS-2010-Phase-1-Drill-Program-on-the-Godfrey-Property.jpg
The three holes have identified a strong alteration system along 100 metres of strike extent to a vertical depth of 300 metres. An associated Induced Polarization anomaly extends across the southern portion of the property for 400 metres. Significant gold assays were not encountered in the three holes drilled, however the increasing alteration intensity at depth and remaining untested portions of the IP anomaly remain to be evaluated.
This first phase of work on the Godfrey Gold property was located in the southwest corner of the property and was designed to test a Magnetic and IP geophysical anomaly. Based on historical geophysics, stripping, and sampling there are more structures to be tested to the north of this first phase of drilling.
The Company is currently reviewing the geological and geophysical data and evaluating additional plans for the Godfrey Gold property.
In other news, MPH Ventures announces that line cutting has been completed on the Company's 100% owned 3500 acre Raney Gold Project located southwest of Timmins, Ontario.
The line cutting was in preparation for a tightly spaced IP and Magnetic geophysical survey now underway over the Raney property gold occurrence. This survey will be extended 300 metres to the west and 300 metres to the east on strike with the known gold zone. The data from this survey will be used to determine the next drill program for the Raney gold zone.
Raney gold property proposed grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Significant gold intersections include 7.7 g/t Au over 6.8 metres in hole R-09-04, 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. Most intersections are positioned between the 90 and 130 metre vertical depth level. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth.
The exploration program is being carried out under the direction of Todd Keast, PGeo. The information in this news release was prepared by Todd Keast, PGeo., a qualified person as defined by National Instrument 43-101.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada. The company has recently acquired several properties in Northern Ontario and the West Timmins Mining Camp.
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.
Line Cutting begins on Raney Gold Project southwest of Timmins, NE Ontario
The line cutting is in preparation for a tightly spaced IP and Magnetic survey over the Raney property gold occurrence. This survey will be extended 300 metres to the west and 300 metres to the east on strike with the known gold zone. The data from this survey will be used to determine the next drill program for the Raney gold zone.
Raney gold property proposed grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Significant gold intersections include 7.7 g/t Au over 6.8 metres in hole R-09-04, 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. Most intersections are positioned between the 90 and 130 metre vertical depth level. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and at depth.
In other news, drilling on the Godfrey Gold Project has now been completed. The Company added a third hole to the program based on the visual examination of the core from the first two holes. The third hole was initiated to test the altered intrusion at a depth below the first two holes. Visual assessment indicates a continuation at depth of similar mineralization as observed in holes 1 and 2. Assays are pending. The 100% owned Godfrey Gold property is located 20 km west of Timmins, Ontario and 9 km northwest of the Lakeshore Gold Timmins Mine.
Godfrey Gold Project drill hole 3 core picture:
http://www.mphventurescorp.com/i/photos/Godfrey-Core-3.jpg
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, P. Geo., a qualified person as defined by National Instrument 43-101.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada. The Company has recently acquired several properties in Northeastern Ontario and the West Timmins Mining Camp.
For further information on MPH Ventures Corp. (TSX-V: MPS) visit the Company's web site at www.mphventurescorp.com.
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.