TSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376
Email: info@mphventurescorp.com Facsimile: (604) 687-3119
<mailto:info@mphventurescorp.com>
NEWS RELEASE
December 17, 2009
MPH Ventures Drill Program begins on the Godfrey Gold Property,
Timmins, NE Ontario
Vancouver, BC – MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the “Company”) is
pleased to announce the mobilization and commencement of drilling on the
Company’s 100% owned Godfrey Gold property located 20 km west of Timmins,
Ontario and 9 km northwest of the Lakeshore Gold Timmins Mine.
Godfrey Gold property location map, West Timmins:
http://www.mphventurescorp.com/i/maps/MPS-Godfrey-Gold-Project-Map.jpg
The plan is to complete two holes for a total of 400 metres before the Christmas
break. Drilling will initially test Induced Polarization (IP) chargeability
anomalies identified during the MPH Ventures fall 2009 geophysical program. IP
surveys have delineated a prospective chargeability anomaly coincident with a
resistivity anomaly extending for 275 metres across the south portion of the
Godfrey Gold property. This area is host to a 125 metre long trench exposed by
previous operators within a highly altered felsic intrusion. Multiple quartz
veins and shear structures contain pyrite, chalcopyrite, galena and visible gold
with grab sample assay results up to 386.4 g/t gold (13.8 oz/t Au).
Five grab samples collected during the Company’s initial property visit returned
assay values between 0.01 g/t to 76.4 g/t gold (2.7 oz/t Au). The higher grade
sample of quartz vein material contained pyrite and chalcopyrite, hosted within
an altered felsic intrusion.
MPH president Jim Pettit commented "We are excited to be able to get a few holes
in before the Christmas break. This is a highly prospective property with good
geology and a great location. We look forward to the results in the New Year
from the testing the geophysical targets identified from our Fall 09
program”.
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, P.
Geo., 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-V: MPS) visit the Company’s
web site at www.mphventurescorp.com <
http://www.mphventurescorp.com/> .
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Pettit”
______________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
MPH Ventures Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@mphventurescorp.com <mailto:info@mphventurescorp.com>
or
Jay J. Bedard
Envoy Strategic Partners
Corporate Communications
Telephone: 416-977-7778
Email:jay@envoystrategicpartners.com <mailto:jay@envoystrategicpartners.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.
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
<
http://www.sedar.com/> .
[HUG#1363495]