MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

June 04, 2009 09:00 ET

MPH Ventures Expands the Raney Gold Project Based on Preliminary Drilling and Upward Restatement of Historical Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 4, 2009) - MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) (the "Company") reports claim staking to expand the 100% owned Raney Gold Project in North-eastern Ontario has been completed. The decision to expand the claim was made based on the preliminary drilling and the upward restating of results on hole RAN-08-04 which intersected from 108.0 metres to 114.8 metres and included results of 7.73 g/t Au over 6.80 metres (see news release May 28, 2009).

A total of six claims (72 units) covering 1,152 hectares were acquired east and west of the Raney Gold Zone, which now covers 4.75 km of projected strike extent of the alteration system.

MPH Ventures has now completed the drilling, logging and splitting of two diamond drill holes with samples currently in the lab for analysis. The holes were designed to test the alteration zone at the 100 metre level, while at the same time extending the zone to the east and west.

Raney gold project drill hole location map: http://www.mphventurescorp.com/i/maps/MPS-Ran_ddhPlan.jpg

Hole RAN-09-06 was drilled 25 metres east of RAN-99-01 (see map on web site) and intersected a 15 metre wide zone containing pervasive carbonate/sericite alteration, quartz veining and fine sulphides. Hole RAN-09-07, drilled 25 metres west of RAN-08-04, intersected the zone with similar width and alteration intensity.

MPH Ventures president Jim Pettit commented "We are very pleased with both holes from our first drill program on the Raney. The assay results will confirm the gold tenor of the zone, however, we are encouraged to have traced the alteration system along a 100 metre long trend. Based on these early observations it was apparent we needed to secure additional claims."

The exploration program is being carried out under the direction of Todd Keast, PGeo. The information in this news release was prepared by Todd Keast, PGeo., a qualified person as defined by National Instrument 43-101.

MPH Ventures Corp. is a gold and molybdenum exploration company focused on mineral development within Canada.

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 may contain certain "Forward-Looking Statements" that may involve a number of 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.

Neither the TSX Venture Exchange nor its regulation services provider accepts 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