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(TSX-V: MPS)
September 22, 2009
Drilling
Plans for Raney Gold Project, Timmins, NE
Ontario
Vancouver,
BC ? MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the ?Company?) reports that plans for
a diamond drilling program have been finalized on it?s 100% owned approx.
3500 acres Raney Gold Project located southwest of Timmins
in northeastern Ontario.
To date, ten
diamond drill holes have been completed on the project, five holes by past
project operators and five holes by MPH.
Raney project drill
hole location map:
http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpg
Significant gold
intersections include 3.9 g/t Au over 17.2 metres including 7.7 g/t Au over
6.8 metres in hole R-08-04, 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. All three
intersections are positioned between the 90 metre and 130 metre depth
level. Drilling at the early stage of the project has been limited to
100 metres of strike extent along a gold bearing shear structure traced for
approximately 350 metres along surface.
Longitudinal
section of drill hole
R-08-04:
http://www.mphventurescorp.com/i/pdf/MPS-Raney-Past-Drilling-2.pdf
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
|
0.76
|
MPH Ventures plans
to drill 3 to 4 holes below the limits of past drilling for around 1000
metres of drilling.
MPH president Jim
Pettit commented ?We are very optimistic about testing the
Raney gold zone in this next phase of drilling. Encouraging results to
date from the limited work indicates excellent potential for the discovery of
a continuous zone of gold mineralization at depth. Clearly the next
phase of drilling will target areas below the know
intersections.?
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, PGeo., a
qualified person as defined by National Instrument 43-101.
MPH Ventures also
announces that it has entered into a Consulting Agreement with Envoy
Strategic Partners of Toronto, Ontario. Pursuant to the terms of the
Agreement, the Company has agreed to engage Envoy for a period of six months
to raise investor awareness, attract investment and find strategic financial
partners. The Company has agreed to pay a fee of $3500 per month, plus
GST and shall from time to time grant Envoy incentive stock option in such
amounts and such prices as to be determined by the board of directors of the
Company and pursuant to the policies of the TSX Venture Exchange and
regulatory authorities.
The Consulting
Agreement is subject to TSX Venture Exchange acceptance.
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
Shares Outstanding
41.4 million
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