ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MPS

0.00
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 Drill Program Begins on the Godfrey Gold Property, Timmins, NE Ontario

17/12/2009 1:04pm

Marketwired Canada


MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") is pleased
to announce the mobilization and commencement of drilling on the Company's 100%
owned Godfrey Gold property located 20 km west of Timmins, Ontario and 9 km
northwest of the Lakeshore Gold Timmins Mine. 


Godfrey Gold property location map, West Timmins:
http://www.mphventurescorp.com/i/maps/MPS-Godfrey-Gold-Project-Map.jpg 

The plan is to complete two holes for a total of 400 metres before the Christmas
break. Drilling will initially test Induced Polarization (IP) chargeability
anomalies identified during the MPH Ventures fall 2009 geophysical program. IP
surveys have delineated a prospective chargeability anomaly coincident with a
resistivity anomaly extending for 275 metres across the south portion of the
Godfrey Gold property. This area is host to a 125 metre long trench exposed by
previous operators within a highly altered felsic intrusion. Multiple quartz
veins and shear structures contain pyrite, chalcopyrite, galena and visible gold
with grab sample assay results up to 386.4 g/t gold (13.8 oz/t Au).


Five grab samples collected during the Company's initial property visit returned
assay values between 0.01 g/t to 76.4 g/t gold (2.7 oz/t Au). The higher grade
sample of quartz vein material contained pyrite and chalcopyrite, hosted within
an altered felsic intrusion.


MPH president Jim Pettit commented "We are excited to be able to get a few holes
in before the Christmas break. This is a highly prospective property with good
geology and a great location. We look forward to the results in the New Year
from the testing the geophysical targets identified from our Fall 09 program". 


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. 


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

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.


1 Year MPH Ventures Corp. Chart

1 Year MPH Ventures Corp. Chart

1 Month MPH Ventures Corp. Chart

1 Month MPH Ventures Corp. Chart

Your Recent History

Delayed Upgrade Clock