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News
20.10.2009
MPH Ventures Corp.: Diamond Drilling Underway at Raney Gold Project, Timmins, NE Ontario
MPH Ventures Corp.: Diamond Drilling Underway at Raney Gold Project, Timmins, NE Ontario
Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: 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: http://www.mphventurescorp.com/i/maps/Ran_Longsection.jpg
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-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
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Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: 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: http://www.mphventurescorp.com/i/maps/Ran_Longsection.jpg
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-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.