MPH Ventures Corp.
TSX VENTURE : MPS

MPH Ventures Corp.

November 02, 2007 09:00 ET

MPH Ventures Corp.: Agreement With KTTM Geophysics to Conduct Survey on M-10 Concession, Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2007) - Allen Cole, Vice President of Exploration for MPH Ventures Corp. (TSX VENTURE: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 VENTURE:MPS) visit the Company's web site at www.mphventurescorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • MPH Ventures Corp.
    James G. Pettit
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    MPH Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@mphventurescorp.com
    Website: www.mphventurescorp.com