From the Wires
MPH Ventures Files NI 43-101 Technical Report on the Raney Gold Property, Southwest of Timmins, Ontario
By: Marketwired .
Nov. 27, 2012 01:54 PM
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/27/12 -- MPH Ventures Corp. (TSX VENTURE:MPS) (OTC PINK:MPSFF) (FRANKFURT:IJA1) (the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI-43-101") Technical Report for its 1408 hectare Raney Township Gold Property (the "Property") located in northern Ontario, Canada, approximately 110 km southwest of the city of Timmins, on the eastern side of Raney Lake.
The independent technical report, entitled "Technical Report on the Raney Township Gold Property, Raney Township, Porcupine Mining District, Ontario Canada" (the "Technical Report") and dated November 15, 2012 was prepared for the Company by Karen Kettles, Msc., P.Geo. of Sudbury, Ontario. The Technical Report is available under MPH's profile on SEDAR at www.sedar.com and the full report is available on the Company's website at http://www.mphventurescorp.com.
The Company holds a 100% interest, subject to a 2% net smelter return royalty, in the a contiguous group of twelve unpatented mining claims totaling 1408 hectare and 88 claim units. Raney location map:
Raney Gold Project (Timmins, Ontario) Location Map
Work to date by the Company consisted of trenching and sampling, induced polarization (IP) surveys, followed by drilling on the Property during the winter of 2009 and 2010. The only known gold occurrence on the Company's Property is the Raney Gold Occurrence, which is the focus of the report. MPH Ventures completed four separate phases of drilling on the Raney Project totaling 2,151 metres of drilling in fourteen holes.
The Report recommends a two phase exploration program to further evaluate the Raney Township Gold property. The proposed budget for both phases is $406,725.
The Technical Report was prepared by Karen Kettles, M.Sc., P.Geo., in accordance with National Instrument 43-101. Karen Kettles is a "Qualified Person" as defined by NI 43-101.
The Technical Report was reviewed by Robert Marvin, P.Geo., CPG, who is a "Qualified Person" according to the definitions of NI 43-101. Mr. Marvin has reviewed the preparation of the technical information and data included in this news release.
MPH Ventures Corp. is a molybdenum and gold 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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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