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(TSX-V: MPS)
NEWS RELEASE
June 4, 2009
MPH Ventures
Expands the Raney Gold Project Based on Preliminary Drilling and Upward
Restatement of Historical Results.
Vancouver,
BC ? MPH Ventures Corp. (TSX-V: MPS)
(FWB: 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-V: MPS) visit the Company’s
web site at
www.mphventurescorp.com .
ON BEHALF OF THE BOARD OF DIRECTORS
Jim Pettit
______________________________
JAMES G. PETTIT
President
Shares Outstanding
41.3 million
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