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MPS

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0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:MPS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

MPH Ventures Acquires the North Albany Graphite Property Adjacent to Zenyatta Ventures Discovery, Northern Ontario

31/07/2013 9:00pm

Marketwired Canada


MPH Ventures Corp. (TSX VENTURE:MPS) (OTC PINK:MPSFF) (FRANKFURT:IJA1) has
acquired a 100-per-cent interest in the North Albany Property consisting of 16
mineral claims covering approximately 256 hectares located within the Porcupine
district of Northern Ontario, contiguous to the north of Zenyatta Ventures
Ltd.'s Albany (vein type) graphite deposit discovery. 


Zenyatta recently announced intervals of 146 metres of 5.2 per cent graphite,
177 metres of 5.3 per cent graphite, 186 metres of 4.9 per cent graphite and 125
metres of 4.6 per cent graphite, respectively (see Zenyatta Ventures news
release dated July 2, 2013). 


Zenyatta is in the early stages of exploring and developing a very high grade
hydrothermal breccia pipe hosted graphite deposit it discovered in 2011 in
northern Ontario, Canada. The graphite forms the matrix of the well-developed
beccia pipe. It is the largest and only known graphite deposit of this type
under development in the world. Hydrothermal graphite is the purest graphite and
commands a higher price than flake or amorphous. Uses today for graphite include
electric cars, tablets and smart phones, among others. Global demand for high
purity graphite is growing. 


The breccia pipe that was discovered by Zenyatta is concealed by glacial till
and a thin horizon of limestone. Lack of abundant outcrop in the region is
likely to contribute to increased exploration potential for similar occurrences
by using various airborne geophysical methods including magnetics and EM.  


The fact the developing occurrence at Albany is contained within a robust
breccia pipe feature is also highly encouraging for the regional exploration
potential as breccia pipes of the scale being explored by Zenyatta commonly
occur as clusters, within the prospective area. 


MPH Ventures President Jim Pettit stated, "The Company feels this is a great
acquisition and is complimentary to MPH Ventures other projects all located in
northern Ontario. This now gives MPH Ventures exposure to one of the best new
discoveries in Ontario. MPH Ventures now has projects with interests in gold,
base metals, and specialty (industrial) minerals".  


MPH Ventures primary asset the 3,420 acres Pidgeon Molybdenum Deposit located in
Northwestern Ontario which was acquired from BHP Billiton and Goldcorp with a
significant NI 43-101 molybdenum resource. The Company has completed two drill
programs to date totaling approximately 100 drill holes. The project is
accessible year round and development plans include increasing the resource base
which remains open in all directions, conducting regional exploration and
carrying out metallurgical testing for recovery of molybdenum and by-products.  


The Company also owns 100% of three non-contiguous gold exploration properties
located in Timmins Northeastern Ontario. These properties are located throughout
various mineral rich mining camps and include the Godfrey Gold property in West
Timmins, the Raney gold project and the grass roots exploration Shining Gold
property. 


Robert Marvin, P.Geo., CPG, Company geologist for MPH Ventures is the Qualified
Person as defined by National Instrument 43-101 and has approved the technical
information in this release.


Transaction Terms: 

In consideration for the North Albany property, MPH Ventures will pay $15,000
and will issue 3 million common shares in the capital of the Company to
arm's-length vendors. This agreement is subject to approval of the TSX Venture
exchange. 


About MPH Ventures Corp.:

MPH Ventures Corp. is a molybdenum, graphite and gold exploration company
focused on mineral development within Canada. 


For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the
Company's web site at www.mphventurescorp.com.


ON BEHALF OF THE BOARD OF DIRECTORS

James G. Pettit, President

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 release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
MPH Ventures Corp.
James G. Pettit
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@mphventurescorp.com


MPH Ventures Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@mphventurescorp.com
www.mphventurescorp.com

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