Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8
www.mphventurescorp.com <
http://www.mphventurescorp.com/>
TSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376
Email: info@mphventurescorp.com Facsimile: (604) 687-3119
<mailto:info@mphventurescorp.com>
NEWS RELEASE
January 27, 2010
MPH Godfrey Gold Drill Program Extended, West Timmins, Ontario
Vancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the "Company") is
pleased to report that the Godfrey Gold drill program has been extended, based
upon the geological results of the first two drill holes. The 100% owned
Godfrey Gold Project is located 20 km west of Timmins, Ontario and 9 km
northwest of the Lakeshore Gold Timmins Mine.
Godfrey Gold property drill hole location map, West Timmins:
http://www.mphventurescorp.com/i/maps/MPS-2010-Phase-1-Drill-Program-on-the-Godf
rey-Property.jpg
Two diamond drill holes have been completed to test the prospective Induced
Polarization (IP) chargeability anomaly identified during the fall 2009
geophysical program. The anomaly is 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 within a highly altered felsic
intrusion. The trench contains multiple quartz veins and shear structures
containing pyrite, chalcopyrite, galena and visible gold. Grab samples have
returned significant assay results of up to 429 g/t Au (13.8 oz/ton Gold).
Both holes intersected wide sections (+60 metres) of the heavily altered felsic
intrusion. The quartz sericite alteration contains quartz veins and fine
disseminations of pyrite.
2010 Drill hole #2 cross section:
http://www.mphventurescorp.com/i/maps/DH-GD-10-02.jpg
2010 Drill hole #2 core photo:
http://www.mphventurescorp.com/i/photos/Core-Hole2.jpg
Based on a visual examination of the core from the first two holes, a third hole
has been initiated which will test the altered intrusion at a depth below the
two initial holes.
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. The company has recently acquired several
properties in Northern Ontario and the West Timmins Mining Camp.
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#1377479]