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Message: MPH VENTURES - Projects- Review

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Jan 25, 2008 02:13PM
MPH Ventures Corp. (TSX-V: MPS) is a molybdenum and precious metal exploration company focused on mineral development within Canada and Latin America.

The Company has recently acquired the Pidgeon Molybdenum Deposit from BHP Billiton and Goldcorp with a significant historical (Non NI 43-101) drill indicated and inferred high-grade molybdenum (Mo) resource located in Northwestern Ontario.

The most extensive work on the 3,420 acres Pidgeon Molybdenum Deposit was conducted by Rio Algom and Dickenson Mines in the late 1970's, which was subsequently acquired by BHP Billiton and Goldcorp (respectively) through mergers and acquisitions. With the existing surface molybdenum deposit open in all directions, MPH Ventures believes the potential to increase the tonnage warrants immediate exploration on the project. MPH Ventures commissioned Wardrop engineering Inc, to complete a NI 43-101 compliant report on the deposit in November 2007 and confirmation drilling is now in progress.

Molybdenum or "Moly" is used as an alloying agent in steel to enhance strength and resistance to wear and corrosion. It is also used in lubricants developed for high-temperature and high-pressure applications. There are no known substitutes for molybdenum's unique properties which are used in most of the present day super-alloys. The price of molybdenum has gone from $3 per pound to $35 per pound over the last couple of years and is expected to go higher due to strong demand and short supply.

MPH Ventures is also exploring the 4,915 hectares mining concession under the name M10 massive sulphide prospect, located in the Pichincha Province 50 kilometres west-southwest of the Capital, Quito in Ecuador. The M10 property was identified by Ing Fredy Salazar, who spent several years as a senior geologist for Newmont Mining, and provided consulting services for Aurelian Resources. Mr. Salazar was instrumental in the identification of the land package known as the Condor project held by Aurelian Resources located in the emerging gold belt in southern Ecuador.

May 14, 2008 04:38AM

May 24, 2008 03:41PM
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