(PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.PHE)
VANCOUVER, July 21 /PRNewswire-FirstCall/ - PETRO HORIZON
ENERGY CORP. (TSXV.PHE), is pleased to announce that the joint
management committee with the operator Champlain Mineral Ventures
Ltd, has now authorized the mobilization of the field crews, to
begin conducting the 2010 work program.
Before drilling begins, a detailed prospecting and mapping grid
over 3,160 acres at Brazil Lake
will be conducted. This will cover the entirety of the original
exploration licences only, not the newly staked claims. The focus
will be on locating other pegmatite dikes in addition to the
established North and South dikes. A baseline (North-South) would
be established to cover the ground between Bloomfield and Deerfield and cross lines (East-West) put in
at 100 meter intervals extending between the Brazil Lake road on
the west and the Meguma/White Rock
contact on the East. This would result in a 8 km long baseline and
2 km long cross lines. Detail work would be done on 25 or 50 meter
lines where targets develop. All significant points will be
surveyed in using GPS and mapping of all outcrops will be
undertaken. Any areas that show signs of a potential pegmatite
discovery would then be trenched or recommended for follow up
exploration using secondary methods such as geochem and/or
geophysics. Results may serve to define other drill targets for the
drill program scheduled to proceed there after.
On Behalf of the board of directors,
"Ron Bourgeois"
Ron Bourgeois, President
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Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-looking statements relating to future events or future
performance and reflecting Petro Horizon's management's
expectations or beliefs regarding future events include, but are
not limited to, statements with respect to completion of the
private placement and related matters. In certain cases,
forward-looking statements can be identified by the use of words
such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of Petro Horizon to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Such factors include, among others,
risks related to actual results of current exploration activities;
changes in project parameters as plans continue to be refined;
future prices of resources; possible variations in ore reserves,
grade or recovery rates; accidents, labour disputes and other risks
of the mining industry; delays in obtaining governmental approvals
or financing or in the completion of development or construction
activities; as well as those factors detailed from time to time in
Petro Horizon's interim and annual financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com.
Although Petro Horizon has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.Accordingly,
readers should not place undue reliance on forward looking
statements.
SOURCE Petro Horizon Energy Corp.