This is what we are waiting on, three holes especially the third. Already have 60 plus metres of mineralization in the bag. MPH trading above eight month levels now, very bullish in that itself. Chart looks great as weak hands sold in late January on the last run up. Traders holding now waiting for assays. Hang on! Like the trading today, wouldn't be surprised if we close in the green.
MPH Ventures samples up to 429 g/t Au at Godfrey
2010-01-27 06:38 PT - News Release
Mr. James Pettit reports
MPH GODFREY GOLD DRILL PROGRAM EXTENDED, WEST TIMMINS, ONTARIO
MPH Ventures Corp. confirms that the Godfrey gold project drill program has been extended based upon the geological results of the first two drill holes. The 100-per-cent-owned Godfrey gold project is located 20 kilometres west of Timmins, Ont., and nine kilometres northwest of the Lake Shore Gold Timmins mine.
The Godfrey gold property drill hole location map and photos are available on the company's website.
Two diamond drill holes have been completed to test the prospective induced polarization (IP) chargeability anomaly identified during the fall 2009 geophysical program. The anomaly is coincident with a resistivity anomaly extending for 275 metres across the south portion of the Godfrey gold property.
This area is host to a 125-metre-long trench within a highly altered felsic intrusion. The trench contains multiple quartz veins and shear structures containing pyrite, chalcopyrite, galena and visible gold. Grab samples have returned significant assay results of up to 429 grams per tonne (g/t) gold (13.8 ounces per ton gold).
Both holes intersected wide sections (plus 60 metres) of the heavily altered felsic intrusion. The quartz-sericite alteration contains quartz veins and fine disseminations of pyrite.
Based on a visual examination of the core from the first two holes, a third hole has been initiated. The third hole will test the altered intrusion at a depth below the two initial holes.
The exploration program is being carried out under the direction of Todd Keast, PGeo. The information in this news release was prepared by Mr. Keast, PGeo, a qualified person as defined by National Instrument 43-101.
We seek Safe Harbor.