Drill Program Initiated on Raney Gold Project by MPH Ventures near Timmins, Ontario
Vancouver, BC -- MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") is pleased to announce the mobilization and commencement of drilling on the Company's 100% owned, 3500 acre Raney gold property located southwest of Timmins, Ontario. The diamond drill program will consist of five holes totaling 650 metres.
The drilling will evaluate a number of prospective anomalies identified by the recently completed Induced Polarization (IP) Survey which extended 400 metres to the west and 400 metres to the east on strike with the known gold zone on the Raney project. MPH Ventures plans to drill two holes on strike to the west of the known gold occurrence and three holes on strike to the east in order to test the numerous chargeability and resistivity anomalies identified by the IP Survey. The Company believes it is well positioned to expand the known gold zone to the west and to the east with this five hole drill program.
Raney gold property grid with past drill hole locations:
http://www.mphventurescorp.com/i/maps/Raney_gridsketch.jpg
To date, fourteen diamond drill holes have been completed on the project, five holes by past project operators and nine holes by MPH Ventures. Gold intersections have been encountered on all holes with most intersections being positioned between the 90 and 130 metre vertical depth level. Significant gold intercepts from the fourteen drill holes include 7.7 g/t Au over 6.8 metres within a broader zone of 3.9 g/t Au over 17.2 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. Results from the limited drilling to date show excellent potential for the discovery of a continuous gold structure on strike and 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 is focused on the development of its wholly owned gold and molybdenum projects located throughout Ontario. Management of MPH has extensive expertise in identifying and adding value to exploration projects throughout Ontario, 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
