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News
19.06.2009
MPH Ventures Acquires Yukon Property Adjacent to Underworld´s White Gold Project
MPH Ventures Acquires Yukon Property Adjacent to Underworld´s White Gold Project
Vancouver, BC, June 18, 2009 – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) is pleased to announce it has entered into an agreement to acquire a 100 % interest in the Quartz Claims property. This property consists of 22 unit blocks located in the Yukon Territories adjacent and to the north-east of Underworld Resources Inc’s White Gold property. The total land package is approximately 950 hectares. Underworld has been exploring sediment and vein-hosted gold targets and they have recently announced (see their news dated May 26, 2009) a discovery hole of 103 metres of 3.4 grams per tonne gold. The land to the east, west, and south of the Quartz Claims Property has now been completely staked and a staking rush appears to be underway. The Company is planning to mobilize a field crew to perform detailed mapping and sampling in the next few weeks.
Yukon map showing area of interest:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-Yukon-Property-Location-Map.jpg
MPH Ventures will pay the Vender $75,000 cash and 800,000 shares of MPH plus a 3% NSR with an option to buy back 1% for $1 million. The Company also agrees to spend $250,000 over the next 12 months as a work commitment.
The Company will pay a finder’s fee of 75,000 common shares in connection with the property acquisition.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
MPH Ventures Corp. is a gold and mineral 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
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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA6247331011
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.
Vancouver, BC, June 18, 2009 – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) is pleased to announce it has entered into an agreement to acquire a 100 % interest in the Quartz Claims property. This property consists of 22 unit blocks located in the Yukon Territories adjacent and to the north-east of Underworld Resources Inc’s White Gold property. The total land package is approximately 950 hectares. Underworld has been exploring sediment and vein-hosted gold targets and they have recently announced (see their news dated May 26, 2009) a discovery hole of 103 metres of 3.4 grams per tonne gold. The land to the east, west, and south of the Quartz Claims Property has now been completely staked and a staking rush appears to be underway. The Company is planning to mobilize a field crew to perform detailed mapping and sampling in the next few weeks.
Yukon map showing area of interest:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-Yukon-Property-Location-Map.jpg
MPH Ventures will pay the Vender $75,000 cash and 800,000 shares of MPH plus a 3% NSR with an option to buy back 1% for $1 million. The Company also agrees to spend $250,000 over the next 12 months as a work commitment.
The Company will pay a finder’s fee of 75,000 common shares in connection with the property acquisition.
The above transaction is subject to the acceptance of the TSX Venture Exchange.
MPH Ventures Corp. is a gold and mineral 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
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.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA6247331011
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.