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TSXV:MPS | TSX Venture | Common Stock |
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Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.mphventurescorp.com TSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376 Email: info@mphventurescorp.com Facsimile: (604) 687-3119 NEWS RELEASE December 14, 2009
MPH Ventures Intersects more Gold Mineralization on Raney Project, Timmins, NE Ontario
Vancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") reports drill core assay results from the fall phase 2 exploration program on the Company's 100% owned 3500 acre Raney Gold Project located southwest of Timmins, northeastern Ontario. The recently completed program focused on extending the limits of the previously discovered gold bearing structure at and below the 100 metre vertical level.
Raney gold project location map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS_Raney_Location_Map.jpg
This 2nd phase consisted of a four hole, 800 metre diamond drill program. Drill locations were limited to the north and east by wet ground, but will be accessible for additional drilling during a phase 3 winter drill program.
Table 1 - Raney Phase 2 Assay Results DDH From m To m Width m gm/t Au R-09-11 57.00 60.00 3.00 4.7 R-09-11 59.00 60.00 1.00 11.5 R-09-11 97.00 105.00 8.00 1.6 R-09-12 95.00 97.25 2.50 2.9 R-09-13 NSA R-09-14 177.50 179.25 2.25 1.4
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.
Location of historical Raney gold project drill holes:
http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpg
MPH president Jim Pettit commented "This drill program was planned to test the limits of this gold bearing structure at or below the 100 metre level. The results from the small number of drill holes to date indicate excellent potential for the discovery of a continuous zone of gold mineralization. The system appears to be open to the east and the Company looks forward to a winter drill program to test this theory in the new year. Due to the unusually mild weather through November we were not able to test the strike extension to the east because of poor ground conditions".
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.
The Company has a quality control program to ensure best practices in the sampling and analysis of drill core. At the drill site, the BQ size core is placed in core boxes and delivered to a secure core processing facility. The core is "split" using a diamond saw by experienced exploration technicians and logged by Todd Keast. Half of the core is left in the core box as a permanent reference of the interval sampled and half of the designated sample interval is delivered in sealed bags for preparation at ALS Chemex Prep Lab located in Sudbury, Ontario, with the pulps shipped to ALS Chemex Assay Laboratory in Vancouver, B.C. All samples are assayed for gold by Fire Assay with an AA finish, using 30 gram samples. Accuracy of results are tested through the systematic inclusion of blanks and reference standards. ALS Chemex is an ISO 17025 certified Laboratory.
MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within 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 .
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Copyright © Hugin AS 2009. All rights reserved.
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