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VHV Valley High Ltd Com

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Share Name Share Symbol Market Type
Valley High Ltd Com TSXV:VHV 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 -

Valley High Provides Flume Project Update, Whitegold District, Yukon

31/05/2010 7:00pm

Marketwired Canada


Valley High Ventures Ltd. ("Valley High") (TSX VENTURE:VHV) is pleased to report
that Valdez Gold Inc. ("Valdez") has commenced its summer exploration program on
the Flume Property, Yukon Territory, Canada by flying a detailed
helicopter-borne magnetic gradiometer and VLF-EM survey.


The detailed helicopter-borne magnetic gradiometer and VLF-EM survey was flown
at a 50 m line spacing for a total of 1,358 line kilometres. The data is
currently being processed. Geophysical targets arising from this survey and
especially those co-incident with the previously defined, wide spaced, soil
geochemical targets will be followed up with a detailed soil geochemical
sampling and mapping programme. Field crews are to be mobilized in the first
week of June, 2010.


The Flume property lies approximately 60 km south west of Dawson City and is
located at the headwaters of Ten Mile Creek, a well known placer mining location
as well as the headwater of Sestak Creek. Phelps Dodge Corporation of Canada
("PDC") completed property wide, wide spaced soil sampling, geological mapping,
prospecting and limited trenching that defined two main targets, Sestak Creek
and Flume Creek, primarily characterized by elevated gold and arsenic soil
anomalies with minor anomalous antimony and molybdenum.


Valdez has been granted the right to earn a potential 75% interest in Valley
High's Flume property located in the White Gold District of Yukon Territory,
Canada (See news release dated January 23, 2010). On June 24, 2009, Valley High
entered into an option agreement with PDC to acquire a 100% interest in the
Flume Property. PDC retains a 2% net smelter return royalty of which one half
can be repurchased by Valley High for $1 million. PDC also retains the right to
share in the proceeds derived from the sale or option of the property to a third
party in the amount of 50% of proceeds received during the first year and 25% of
the proceeds in any subsequent year.


About Valley High Ventures Ltd.:

Valley High is a Canadian based precious and base metal exploration company with
projects located in Mexico, British Columbia and Yukon. The Cordero project in
Mexico (49% interest) is being evaluated for large bulk mineable silver, gold,
zinc and lead deposits. The Mount Polley project is located in British Columbia
adjacent to Imperial Metals Corporation's ("Imperial") Mt. Polley copper-gold
mine and includes a production royalty on the Boundary Property, with Imperial.
In the Yukon, Valley High has an option to acquire a 100% interest in the Flume
gold property which is located within the newly recognized White Gold District.
Valdez Gold Inc. has been granted a right to earn up to 75% interest in Valley
High's interest in the Flume property. Coro Mining Corp. holds a 20.5% interest
in Valley High.


VALLEY HIGH VENTURES LTD.

Robert Cameron, President and CEO

This news release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Such forward-looking statements or information,
including but not limited to those with respect to the prices of copper,
estimated future production, estimated costs of future production, permitting
time lines, involve known and unknown risks, uncertainties, and other factors
which may cause the actual results, performance or achievements of Valley High
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements or information. Such
factors include, among others, the actual prices of copper, the factual results
of current exploration, development and mining activities, changes in project
parameters as plans continue to be evaluated, as well as those factors disclosed
in documents filed from time to time with the securities regulators in the
applicable Provinces of British Columbia and Alberta.


1 Year Valley High Ltd Com Chart

1 Year Valley High Ltd Com Chart

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1 Month Valley High Ltd Com Chart