MPH Ventures Corp. (TSX-V: MPS) is a diversified gold and molybdenum exploration and development company with multiple projects centrally located throughout Northern Ontario including a number of properties near Timmins, Ontario.
MPH Ventures owns 100% of six non-contiguous gold exploration properties comprised of approximately 735 hectares located in Northeastern Ontario. These properties are located throughout various mineral rich mining camps and include the Godfrey Gold property in West Timmins, the Raney project and the grass roots exploration Big Mac, Geneva Lake, Shining Gold and Goudgold properties.
The Godfrey property is located 20 km west of Timmins, Ontario. Historic grab sample assay results on the property include up to 429 grams/tonne gold (13.8 oz/ton Au). A sampling program in 2008 by MPH Ventures returned high grade gold results including 1.5 oz/t Au and 0.79 oz/t Au from grab samples. An exploration program consisting of line cutting, mechanical trenching and ground geophysics was completed on the Godfrey property by the Company in fall 2009. A three hole diamond drill program is currently underway.
The Raney property is located in Raney Township, approximately 110 km southwest of Timmins, Ontario. To date, fourteen diamond drill holes have been completed on the project. Significant gold intersections include 7.7 g/t Au over 6.8 metres, 6.5 g/t Au over 8.0 metres, and 3.5 g/t Au over 6.8 metres. A phase three 2010 winter drill program is planned
The Company also owns 50% of the 7,000 acres Heyson gold property with Skyharbour Resources Ltd. owning the other 50% interest. The property lies in the southern portion of the central Red Lake, Ontario gold belt, 5 km south of the operating Goldcorp Red Lake and Campbell gold mines.
MPH Ventures has identified a large, well-defined "gold-in-till" anomaly on the Heyson property. The width of the anomaly covers 350 metres along a strike length of 1.5 km. Drilling in 2003 tested the Sully Creek Till Anomaly and identified gold values within a distinct hematite-epidote alteration system with the most significant intercept grading 59.4 grams per tonne over 0.4 metres.
The Company has also acquired the Pidgeon Molybdenum Deposit in Northwestern Ontario from BHP Billiton and Goldcorp with a significant historical drill indicated and inferred molybdenum resource.
This property is accessible year round and has excellent potential with strengthening molybdenum prices. Future development plans include increasing the resource base, conducting regional exploration and carrying out metallurgical testing for recovery of molybdenum and by-products.