MPH Ventures Corp.: Diamond Drilling Underway at Raney Gold Project, Timmins, NE Ontario
Tue Oct 20, 9:00 AM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - MPH Ventures Corp. (TSX VENTURE: MPS.V) (FRANKFURT:IJA1) (the "Company") reports that a diamond drill program on its 100% owned 3,500 acres Raney Gold Project located southwest of Timmins, northeastern Ontario has commenced.
The 1,000 metre drill program will consist of four holes to test the downward continuity of the Raney gold mineralization. To date, ten diamond drill holes have been completed on the project, five holes by past project operators and five 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. These intersections are positioned between the 90 metre and 130 metre vertical depth level. Shallower holes intersected narrow widths of lower gold grades and deeper holes intersected wider intercepts of higher gold grades. A long section of the drilling is included in the link below.
Raney Gold Zone Longitudinal Section: mphventurescorp.com
MPH president Jim Pettit commented "This drilling will begin to test deeper portions of this gold bearing structure on the Raney Gold project. The exceptional results from the small number of drill intersections to date indicate excellent potential for the discovery of a continuous zone of gold mineralization at depth.
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.V) visit the Company's web site at www.mphventurescorp.com.
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Contacts
James G. Pettit
MPH Ventures Corp.
President
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
Don Myers
MPH Ventures Corp.
Director
(604) 687-3376 or Toll Free: 1-800-567-8181
(604) 687-3119 (FAX)
info@mphventurescorp.com
www.mphventurescorp.com |
