VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2011) - Mill Bay Ventures Inc. (News - Market indicators)(PINK SHEETS:MLBVF)(FRANKFURT:M4K) Management is pleased to announce significant gold results from its 100% owned Valentine Mountain gold project located 35 km northwest of Sooke, BC. A program of 6 Diamond drill holes totaling 1,464.1m was completed on the Lower BN and Discovery East Zones. The objective of the drilling was to intersect depth extensions of known mineralization in previous drill holes. The following results were obtained from drill holes collared about 0.2-0.3 km east of the Discovery Zone. Total estimated resource in the Discovery Zone is 55,105 tonnes of 16.3 g/t (0.52 oz/t) indicated, as reported in a mineral resource estimate prepared in aaccordance with NI-43-101 by Jacques Houle, P.Eng., on April 14, 2011. Report on Website: www.millbayventures.com
Sample
No |
DDH
No |
From
(m) |
To
(m) |
Interval
length (m) |
Au
grams/tonne |
Au troy
ounces/ton |
| 52537 |
V11DDH-4 |
172.82 |
174.1 |
1.31 |
1.22 |
0.036 |
| 52551 |
V11DDH-4 |
242.99 |
243.99 |
1.0 |
0.62 |
0.018 |
| 52671 |
V11DDH-5 |
194.1 |
195.7 |
1.6 |
1.11 |
0.032 |
The results are based on analysis of split core sampling, supervised by Andris Kikauka. P.Geo., the Company's Qualified Person for the Property. The split core samples were analyzed by ALS Minerals, North Vancouver, BC (Certificate VA11101001).
Further evaluation of gold bearing mineralization in depth and lateral extensions of the Discovery Zone, as well as detailed surface sampling and mapping of the middle and upper BN Zone are planned for Valentine Mountain.
Andris Kikauka, P.Geo., is the qualified person (under the guidelines of NI-43-101) responsible for reporting geological and geochemical results from the Valentine Mountain Gold Project.
ON BEHALF OF THE BOARD
William Glasier, President
Shares issued: 12,146,539
Last Trading Price: $0.13
This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release. 
