MPH Ventures Drills 6.5 g/t Au over 8.0 metres on Raney Gold Project,
NE Ontario>
MPH Ventures Drills 6.5 g/t Au over 8.0 metres on Raney Gold Project, NE Ontario
(Thomson Reuters ONE) - Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.mphventurescorp.comTSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376Email: info(at)mphventurescorp.com Facsimile: (604) 687-3119 NEWS RELEASE July 21, 2009MPH Ventures Drills 6.5 g/t Au over 8.0 metres on Raney Gold Project,NE OntarioVancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the"Company") reports assay results for three holes on it's 100% ownedapprox. 3500 acres Raney Gold Project located southwest of Timmins innortheastern Ontario. A total of ten diamond drill holes have beencompleted on the project, five holes by past project operators andfive holes by MPH (Table 1). Diamond drilling, and now surfacetrenching, have traced the gold bearing structure along 200 metres+of strike extent, with drilling intersecting the higher gold gradesat the 100 metre vertical level. Drill hole location map: http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpgHole R-09-08 intersected 6.52 g/t Au over 8.0 metres which included a3.5 metre wide grey quartz vein containing four occurrences ofvisible gold. A second mineralized zone located 6 metres down hole,assayed 1.01 g/t Au over 5.0 metres. The gold mineralization islocated at the 100 metre vertical level and correlates to theposition of the gold mineralization in R-08-04, 7.7 g/t Au over 6.8metres within a broader zone of 3.9 g/t Au over 17.2 metres. Withthe presences of visible gold in several holes, the sample rejectsfrom the mineralized zones are currently being re-analyzed using ascreened metallic method. Table 1 - Raney Drill Results Company DDH # From m To m Width m g/t Au Previous Operator 99-01 127.0 134.0 7.0 0.84 Previous Operator 99-01 150.9 159.8 8.9 2.9 Previous Operator R-08-03 224.5 225.5 1.0 6.00 Previous Operator R-08-04 108.0 114.8 6.8 7.73 Previous Operator R-08-04 108.0 125.2 17.2 3.91 MPH Ventures R-09-06 119.5 127.0 7.5 1.66 MPH Ventures R-09-07 103.5 104.5 1.0 0.41 MPH Ventures R-09-08 121.0 127.5 8.0 6.52 MPH Ventures R-09-08 134.0 139.0 5.0 1.01 MPH Ventures R-09-09 44.0 46.5 2.5 0.48 MPH Ventures R-09-10 54.5 58.5 4.0 0.76Holes R-09-09 and R-09-10 evaluated the near surface continuity ofthe zone. Both holes intersected narrow sections of low grademineralization within the alteration zone.MPH president Jim Pettit commented "The higher gold gradesintersected in holes 99-01, R-08-04, R-09-06, and R-09-08 are allpositioned at around the 100 metre level. The higher grades combinedwith the increased widths indicate greater exploration potentialbelow the 100 metre level. With the few holes completed to date weare able to develop the general outline of what we anticipate to behigher grade shoots of gold mineralization. Our future drillprograms will target the depth potential of this intriguing zone aswell as extending the zone along strike."The exploration program is being carried out under the direction ofTodd Keast, P. Geo. The information in this news release was preparedby Todd Keast, P. Geo., a qualified person as defined by NationalInstrument 43-101. The company has a quality control program toensure best practices in the sampling and analysis of drill core.Sample preparation is done at ALS Chemex Prep Lab located in Sudbury,Ontario, with the pulps shipped to ALS Chemex Assay Laboratory inVancouver, B.C. All samples are assayed for gold by Fire Assay withan AA finish, using 30 gram samples. Accuracy of results is testedthrough 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 companyfocused on mineral development within Canada.For further information on MPH Ventures Corp. (TSX-V: MPS) visit theCompany's web site at www.mphventurescorp.com .ON BEHALF OF THE BOARD OF DIRECTORS"Jim Pettit"______________________________JAMES G. PETTITPresidentFor further information contact myself or:Don MyersMPH Ventures Corp.DirectorTelephone: 604-687-3376Toll Free: 800-567-8181Facsimile: 604-687-3119Email: info(at)mphventurescorp.comorJay J. BedardEnvoy Strategic PartnersCorporate CommunicationsTelephone: 647-344-1768Email: jay(at)envoystrategicpartners.comNEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDERACCEPTS 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 noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. For a more detailed discussion ofsuch risks and other factors, refer to the Company's filings withCanadian Securities regulators available on www.sedar.com .This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 21.07.2009 - 10:00 Uhr
Sprache: Deutsch
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