MPH Ventures Corp. (TSX-V: MPS)
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. The Company owns 100% of five non-contiguous gold exploration properties comprised of approximately 735 hectares located in Northeastern Ontario. The acquisitions are part of a corporate strategy to refocus attention on continued project development while increasing exposure to gold. These properties are located throughout various mineral rich mining camps and include the Raney property, near Timmins, and the grass roots exploration Big Mac, Geneva Lake, Shinning Gold and Goudgold properties. The Raney property is currently being drilled and the results are very encouraging thus far. MPH Ventures has acquired a 100% interest in the Quartz property located to the south of Dawson City, Yukon. This property consists of 22 lode quartz claims situated adjacent and to the north-east of Underworld Resources Inc's White Gold property. The total land package is approximately 950 hectares. The land to the east, west, and south of the Quartz property has now been completely staked and a staking rush appears to be underway. The Company is mobilizing a field crew to perform detailed mapping and sampling in the next few weeks. 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.