MPH Ventures Corp.

MPH Ventures Corp.

March 06, 2008 13:51 ET

MPH Ventures Announces Results From IP and Magnetics Survey Completed on M-10 Gold, Copper and Molybdenum Concession in Ecuador

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2008) - Allen Cole, Vice President of Exploration for MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") announces results from the IP Chargeability / Resistivity and Magnetometer survey completed on its M-10 concession in the Pinchincha Province of Ecuador. The 5,600 hectare M-10 property lies 50 km west of the capital Quito, Ecuador.

Two significant IP Chargeability / Resistivity anomalies and one magnetic anomaly were defined on the North Grid of the M-10 Au, Cu, Mo concession.

Map illustrating results of the survey and the anomalies:

679N Anomaly #2

On line 679N is a significant chargeability anomaly that is 400 to 500 metres long and is oriented perpendicular to the overall geological and structural trend in the region. Associated with the chargeability is a very strong resistivity anomaly. No significant ground Magnetic anomaly is associated with the chargeability or the resistivity. This anomaly could represent a mineralized silicified body in the subsurface that is hosted in a conjunctive structure perpendicular to the main structural trend.

Baseline Anomaly

This is the most significant anomaly identified in the geophysical program. It is multi-line chargeability that extends over 600 metres to the limit of the grid to the north and south boundaries. In addition, there is a very strong resistivity anomaly associated with the Baseline chargeability anomaly. There is also a weak magnetic response associated with the anomaly. This anomaly could represent a significant mineralized body that is oriented parallel with the overall structural trend within the region. Additional lines to the south are being considered to better define the overall strike length of this anomaly.

684N MAG Anomaly

On line 684N is a very noticeable bulls eye magnetic anomaly approximately 200 metres wide by 400 metres long. There is no associated chargeability or resistivity signature associated with this magnetic anomaly, although line 683N was not completed due to extreme terrain conditions. Spatially associated with the anomaly are 2 anomalous geochemical samples, one for gold and the other molybdenum. Given the fact there is no chargeability or resistivity associated with this magnetic anomaly, it can be interpreted that the magnetic anomaly could be a buried intrusive, and possibly below the depth of penetration of the IP survey. The Company is currently considering completing some 3D modelling of the data to determine if there is a buried intrusive associated with this anomaly.

Second Tier Anomalies

Three other chargeability anomalies North / South Anomaly, 687N Anomaly, and 679N Anomaly #1 were also defined but are considered less significant and are ranked as "Second Tier" in terms of ongoing geological follow-up.

The geophysical surveys were completed by KTTM Geophysics of Quito Ecuador using an ELREC Pro 10 channel time domain receiver, a GDD IPTX-2 time domain IP/resistivity transmitter, and two Gem Systems GSM-19 Overhauser Magnetometers.

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.

Dale Schultz, PGeo., 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, 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 .


James P. 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 and Frankfurt Exchange have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • MPH Ventures Corp.
    James P. Pettit
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    MPH Ventures Corp.
    Don Myers
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)