MPH Ventures Prepares for Bulk Sample at Pidgeon Molybdenum Deposit
Suite 2230 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8
www.mphventurescorp.com
TSX Venture Exchange Symbol: MPS Telephone: (604) 687-3376
Email: info@mphventurescorp.com Facsimile: (604) 687-3119
NEWS RELEASE
October 07, 2008
MPH Ventures Prepares for Bulk Sample at Pidgeon Molybdenum Deposit
in NW Ontario
Vancouver, BC - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1) (the
"Company") announces that it has initiated a detailed channel
sampling program on its 100% owned Pidgeon Molybdenum Deposit project
located at the east end of Lateral Lake, Echo Township, northwestern
Ontario.
Pidgeon Molybdenum Deposit location map:
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-Fig_41.gif
The detailed channel sampling program is now underway and will be
conducted over an area that MPH Ventures has already stripped and
cleared to expose bedrock. An area of 30 x 40 metres was stripped of
overburden and mapped in detail by MPH Ventures geologists.
Picture of Pidgeon Molybdenum Deposit exposed through stripping:
http://www.mphventurescorp.com/s/Image.asp?i=photos/MPS-Pidgeon-Moly-Deposit-Stripping-Pic.jpg
The partial exposure of the deposit and detailed mapping has resulted
in a significant new interpretation of the mineralization and
suggests strongly that the grade of this deposit could be
significantly greater than indicated by surface drilling due to a
strong nugget effect in the molybdenum zone.
Close-up of Pidgeon Molybdenum Deposit exposed through stripping:
http://www.mphventurescorp.com/s/Image.asp?i=photos/MPS-Pidgeon-Moly-Deposit-Stripping-Pic-2.jpg
The Company will also apply to carry out a bulk tonnage sample to
obtain a better estimate of the grade of the molybdenum deposit. MPH
Ventures has contacted Wardrop Engineering for advice in proceeding
with the bulk sampling program on the Pidgeon Molybdenum Deposit
including the size of bulk sample and methodology to be used in
extracting the bulk tonnage.
On September 29th, MPH Ventures announced it had completed a 31 hole
drill program on its Phase 2 program for 2008. The drill program
consisted of a series of step out drill holes that was designed to
intersect Molybdenum mineralization within 100 metres of surface.
The goal of this drill program was to achieve 20 million tonnes with
an average grade of 0.10% Mo of a drill indicated resource. The
Company believes it has surpassed this goal and the data acquired
will be submitted to Wardrop Engineering for an updated independent
resource evaluation to NI 43-101 standards.
The drilling indicates that the size of the molybdenum deposit has
been substantially increased. The drilling also indicates that the
known molybdenum zone is open along several trends to the west and
suggests that significant new tonnage can also be developed in this
direction.
Size of Pidgeon Molybdenum Deposit in 2007:
http://www.mphventurescorp.com/i/maps/MPS-Moly-Before-Map.jpg
Size of Pidgeon Molybdenum Deposit in 2008:
http://www.mphventurescorp.com/i/maps/MPS-Moly-After-Map.jpg
MPH Ventures is making preparations for a winter 2008-2009 drill
program. Significant additional drilling is planned to expand and
fully define the deposit.
HIGHLITES FROM PHASE 2 DRILL PROGRAM
+------------------------------------------------------+
| Hole No. | From (m) | To (m) | Length (m) | % Mo |
|----------+----------+--------+------------+----------|
| PM8-1 | 49.3 m | 54.3 m | 5.0 m | 0.601 Mo |
|----------+----------+--------+------------+----------|
| PM8-2 | 71.5 m | 80.8 m | 9.3 m | 0.308 Mo |
|----------+----------+--------+------------+----------|
| PM8-3 | 44.2 m | 68.6 m | 24.4 m | 0.043 Mo |
|----------+----------+--------+------------+----------|
| PM8-4 | 26.5 m | 34.2 m | 7.7 m | 0.510 Mo |
|----------+----------+--------+------------+----------|
| PM8-5 | 47.9 m | 73.8 m | 25.9 m | 0.075 Mo |
|----------+----------+--------+------------+----------|
| PM8-6 | 40.2 m | 63.8 m | 23.6 m | 0.101 Mo |
|----------+----------+--------+------------+----------|
| PM8-7 | 41.7 m | 75.3 m | 33.6 m | 0.108 Mo |
|----------+----------+--------+------------+----------|
| PM8-8 | 38.9 m | 69.3 m | 30.4 m | 0.091 Mo |
|----------+----------+--------+------------+----------|
| PMB-9 | 34.7 m | 47.9 m | 13.2 m | 0.172 Mo |
|----------+----------+--------+------------+----------|
| incl | 45.4 m | 47.9 m | 2.5 m | 0.940 Mo |
|----------+----------+--------+------------+----------|
| PM8-13 | 19.2 m | 29.2 m | 10.0 m | 0.055 Mo |
|----------+----------+--------+------------+----------|
| PM8-14 | 31.7 m | 60.7 m | 29.0 m | 0.178 Mo |
|----------+----------+--------+------------+----------|
| incl | 54.3 m | 58.7 m | 4.4 m | 1.060 Mo |
|----------+----------+--------+------------+----------|
| PM8-15 | 46.2 m | 75.2 m | 29.0 m | 0.069 Mo |
|----------+----------+--------+------------+----------|
| incl | 46.2 m | 54.2 m | 8.0 m | 0.220 Mo |
|----------+----------+--------+------------+----------|
| PM8-16 | 59.1 m | 77.1 m | 18.0 m | 0.078 Mo |
|----------+----------+--------+------------+----------|
| incl | 67.1 m | 72.1 m | 5.0 m | 0.150 Mo |
|----------+----------+--------+------------+----------|
| PM8-17 | 45.8 m | 66.8 m | 21.0 m | 0.067 Mo |
|----------+----------+--------+------------+----------|
| incl | 45.8 m | 52.8 m | 7.0 m | 0.110 Mo |
|----------+----------+--------+------------+----------|
| PM8-18 | 32.6 m | 56.0 m | 23.4 m | 0.377 Mo |
|----------+----------+--------+------------+----------|
| incl | 32.6 m | 46.9 m | 14.3 m | 0.900 Mo |
|----------+----------+--------+------------+----------|
| PM8-19 | 39.8 m | 68.1 m | 28.3 m | 0.163 Mo |
|----------+----------+--------+------------+----------|
| incl | 39.8 m | 48.7 m | 9.9 m | 0.440 Mo |
|----------+----------+--------+------------+----------|
| PM8-20 | 12.8 m | 31.4 m | 18.6 m | 0.157 Mo |
|----------+----------+--------+------------+----------|
| incl | 12.8 m | 18.8 m | 6.0 m | 0.370 Mo |
|----------+----------+--------+------------+----------|
| PM8-21 | 60.0 m | 61.0 m | 1.0 m | 0.150 Mo |
|----------+----------+--------+------------+----------|
| PM8-25 | 15.4 m | 37.0 m | 22.6 m | 0.051 Mo |
|----------+----------+--------+------------+----------|
| PM8-26 | 34.6 m | 53.9 m | 19.3 m | 0.073 Mo |
|----------+----------+--------+------------+----------|
| PM8-27 | 46.8 m | 73.6 m | 27.0 m | 0.019 Mo |
+------------------------------------------------------+
Drilling continues to confirm the Company's opinion that a potential
open pit situation exists on the Pidgeon Molybdenum property. The
Pidgeon Molybdenum Deposit property has excellent infrastructure with
an all weather road going across the property, location to a paved
highway is only 10 km to the south, and location to the major Trans
Canada CN rail line is only 10 km to the north of the property.
As a summary, MPH Ventures has now completed 2 phases of diamond
drilling on the Pidgeon Molybdenum Deposit project. The Company also
had a resource estimate completed by Wardrop Engineering in 2007.
(see Wardrop Engineering report filed on SEDAR November 27, 2007)
GEOLOGY OF THE PIDGEON MOLYBDENUM DEPOSIT
Molybdenite on MPH Ventures Pidgeon Molybdenum Deposit occurs in all
vein and veinlets as well as in the intensely altered rock. The
molybdenite is nuggety within the alteration and extremely nuggety
within the quartz veins, particularly within the larger veins. It is
this nuggety nature that suggests that the grade may be significantly
under estimated from drill hole results. Large clots of molybdenite
observed within the quartz veins were seldom, if ever, observed in
drill core. There is no association with any other elements. This
would suggest simple mill circuitry and a clean concentrate.
The mineralization has a known continuous strike length of 1700
metres with an average true width of 25 metres. The mineralization
has a relatively shallow dip to the southeast and occurs from surface
to depths below 200 metres. The geometry of the deposit is highly
amenable to open pit extraction mining with a very low stripping
ratio.
David J. Busch, B.A., B.Sc., PGeo., MPH Ventures' Project Manager, is
the qualified person under the meaning of National Instrument 43-101
and has reviewed the data in this News Release.
MPH Ventures Corp. is a molybdenum and precious metal 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
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
THE TSX VENTURE EXCHANGE AND FRANKFURT EXCHANGE HAVE NOT REVIEWED AND
DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE
CONTENT OF THIS NEWS RELEASE.
This news release contains certain "Forward-Looking Statements"
within the meaning of Section 21E of the United States Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, included herein are forward-looking
statements that involve various 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. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed in the Company's documents filed from time to time with
the British Columbia Securities Commission and the United States
Securities & Exchange Commission.
490191
9:41
