MPH Ventures Intersects more Gold Mineralization on Raney Project, Timmins, NE Ontario
December 14 2009 - 8:20AM
Marketwired
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
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