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(TSX-V:
MPS)
November
02, 2007
NEWS
RELEASE
Agreement with KTTM Geophysics to Conduct Survey
on M-10 Concession, Ecuador
Vancouver, BC – Allen Cole, Vice
President of Exploration for MPH Ventures Corp. (TSX.V: MPS)
(the “Company”) announces that the Company has signed an
agreement with KTTM Geophysics to conduct an IP Chargeability / Resistivity
and Magnetometer survey on its M-10 concession in the Pinchincha Province of
Ecuador. The 5,600 hectare property lies 50 km west of Quito, Ecuador.
The
M-10 property lies within the intra oceanic island arc sequence of the
Machuchi Unit approximately 5 km north, along strike of the La Plata
Volcanogenic Massive Sulfide deposit, which is contained within the same
north south trending stratigraphy.
The
exploration activities to date have concentrated on geological mapping and
sampling. The exploration work programs have identified two areas of
particular interest. The “North Grid” area lies immediately
south of the E-1 concession owned and operated by Avalanche Minerals Ltd. Sampling
has returned rock chip and float samples in excess of 20 grams per tonne Gold
as well as 0.12% Copper and 20 ppm Molybdenum.
A
grid consisting of approximately 25 line kilometres is under way on the North
Zone where the geophysical program will commence.
Significant
gold, copper and molybdenum samples have also been taken from the central
portion of the M-10 concession and a second grid also of approximately 25
line kilometres will be installed in the Central Zone to provide IP
resistivity and magnetometer coverage over this area.
A
map illustrating the grids and samples can be viewed at http://www.mphventurescorp.com/i/maps/M10_Grid_Map.jpg.
MPH
Ventures Corp. has expanded its holdings in Ecuador and acquired a 50% vested
interest in the Efyza II concession contiguous with the M-10
concession. This additional acquisition has solidified MPH Ventures
Corp’s land position in this very prospective area of Ecuador.
MPH
Ventures Corp. anticipates that the current geophysical survey will identify
prospective drill targets in both the North Zone and the Central Zone.
Samples
are sent to either ALS-Chemex or Inspectorate del Ecuador receiving facility
in Quito, Ecuador. Both companies forward pulps onto their laboratories
in Lima, Peru for analysis. Assaying consists of ICP multi-element analysis
with over-limit checks competed for Ag (over 100 g/t), Cu (over 1%), Mo (over
1%), Pb (over 1%) and Zn (over 1%) by Atomic Absorption (AA) spectrometry. Gold analysis was completed using
fire assay technique. The quality control protocols that are in place
consists of insertion of one blank at least every 20 samples and a field or
lab duplicate every 20 samples. In addition, standard reference material are
inserted once every 20 samples. The exploration programs in Ecuador are under the supervision
of MPH Ventures Vice President of Exploration, Allen Cole.
Dale Schultz, PGeo. and Managing
Director / Chief Consultant of Buscore International Consulting, has been
retained by MPH Ventures to provide Qualified Person services in compliance
with National Instrument 43-101. Mr. Schultz has reviewed the contents of
this News Release for its accuracy.
MPH Ventures Corp. is a gold,
silver, copper, and molybdenum exploration company focused on mineral
development within Canada
and Latin America.
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
Share Outstanding
19.6 million
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