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Message: MPH's New Drilling Plans for Raney Gold Project, Timmins,
MPH Ventures Corp
Suite 2230 - 885 West Georgia Street
Vancouver, British Columbia
V6C 3E8
| TSX-V Trading Symbol: MPS Email: info@mphventurescorp.com(Email address obfuscated: enable JavaScript to view) |
Telephone: (604) 687-3376 Facsimile: (604) 687-3119 |
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Tue Sep 22, 2009 Drilling Plans for Raney Gold Project, Timmins, NE Ontario |
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Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") reports that plans for a diamond drilling program have been finalized on it's 100% owned approx. 3500 acres Raney Gold Project located southwest of Timmins in northeastern Ontario. To date, ten diamond drill holes have been completed on the project, five holes by past project operators and five holes by MPH. Click here for Raney project drill hole location map Significant gold intersections include 3.9 g/t Au over 17.2 metres including 7.7 g/t Au over 6.8 metres in hole R-08-04, 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. All three intersections are positioned between the 90 metre and 130 metre depth level. Drilling at the early stage of the project has been limited to 100 metres of strike extent along a gold bearing shear structure traced for approximately 350 metres along surface. Click here for Longitudinal section of drill hole R-08-04 Table 1 -- Raney Drill Results Company DDH # From m To m Width m g/t Au MPH Ventures plans to drill 3 to 4 holes below the limits of past drilling for around 1000 metres of drilling. MPH president Jim Pettit commented "We are very optimistic about testing the Raney gold zone in this next phase of drilling. Encouraging results to date from the limited work indicates excellent potential for the discovery of a continuous zone of gold mineralization at depth. Clearly the next phase of drilling will target areas below the know intersections." 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, PGeo., a qualified person as defined by National Instrument 43-101. MPH Ventures also announces that it has entered into a Consulting Agreement with Envoy Strategic Partners of Toronto, Ontario. Pursuant to the terms of the Agreement, the Company has agreed to engage Envoy for a period of six months to raise investor awareness, attract investment and find strategic financial partners. The Company has agreed to pay a fee of $3500 per month, plus GST and shall from time to time grant Envoy incentive stock option in such amounts and such prices as to be determined by the board of directors of the Company and pursuant to the policies of the TSX Venture Exchange and regulatory authorities. The Consulting Agreement is subject to TSX Venture Exchange acceptance. MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada. ON BEHALF OF THE BOARD OF DIRECTORS "Jim Pettit" ______________________________ JAMES G. PETTIT President |
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