MPH Ventures Reports Significant Strike Extensions at Pidgeon Molybdenum Deposit in NW Ontario



    TSX Venture Exchange Symbol: MPS

    VANCOUVER, March 26 /CNW/ - MPH Ventures Corp. (TSX-V: MPS) (FWB: IJA1)
(the "Company") announces it has received assay results from diamond drill
holes 11, 12, 13, and 14 of the 3,000 metres Phase I drilling program,
completed Feb. 28, 2008, at its 100% owned Pidgeon Molybdenum Deposit Project
located in NW Ontario.

    A total of 16 drill holes were completed in the Phase I program. The
first 10 holes, which were previously reported (PM07-1 to PM08-10), all
returned significant molybdenum mineralization. Drill holes in the Phase I
drill program had a specific purpose as set out in a commissioned NI 43-101
report by Wardrop Engineering Inc. This program was designed to confirm the
historic resource data provided by Rio Algom and Strathcona Mineral Services
as well as to provide evidence of both depth and lateral extensions of the
known mineralization. The last 5 holes were designed to test and develop
geologic targets outside the areas of known mineralization.

    
               3D Video on Pidgeon Molybdenum Deposit drilling:
                http://www.mphventurescorp.com/i/misc/PM2.wmv
    

    Jim Pettit, President of MPH Ventures commented: "the company is
encouraged with the drilling results to date and feel we have not only
confirmed the historical data on the Pidgeon Molybdenum Deposit but are well
on our way to further increasing the tonnage."

    Phase 1 Confirmation Drilling:

    Hole PM08-11 was designed to test the depth extension of the SW portion
of the main zone of mineralization and had been recommended by Wardrop. The
hole encountered 5 metres between 225.6 and 230.6 metres grading 0.272% Mo.
The intercept was 100 metres below previous intercepts and illustrates the
continuity of the mineralized system with depth. The intercept width is
believed to be 90% of true width.

    Phase 1 Exploration Drilling:

    The last 5 holes (PM08-12 to PM08-16) of the Phase 1 drill program were
targeted at a NNE trending, 100 metre wide structural zone that appears to
offset the main zone of molybdenum mineralization. The potential for
structurally controlled mineralization within this zone had not been tested by
Rio Algom in the past. The structures were not mineralized however the
drilling appears to have added a significant new strike extension to the main
body of mineralization. This drilling also suggests multiple parallel zones to
the southwest.

    Hole PM08-12 was planned to test the northeast trending structure between
the main and southwest zones. The hole encountered the structure and
16.5 metres between 94.5 and 110.5 metres that graded 0.04% Mo. The
mineralization was in the footwall of the structure. The structure itself was
only very weakly mineralized. The hole demonstrates that there is continuity
of mineralization between the main and southwest zones.

    Hole PM08-13 was intended to be part of a two hole fence that crossed
mineralization of the main zone and the structure. The hole encountered
14.4 metres grading 0.05% Mo between 91.4 and 105.8 metres in the hole.

    Hole PM08-14 was part of the two hole fence designed to cross the main
zone of mineralization and the northeast structural trend. In addition to
encountering the structure, this hole intersected 29.2 metres grading
0.059% Mo. Molybdenum mineralization is associated with pegmatite and a
tourmaline breccia not noted in mineralization to date. The location of this
intercept is highly significant in that it would indicate the main zone
mineralization continues westward and that there may be multiple parallel
zones to the southwest. The presence of tourmaline breccia might suggest this
hole encountered a stronger part of the mineralizing system.

    Holes PM08-15 and 16 were drilled as part of a split fence to test the
northeast trending structure to the northeast along the strike of the
structure. Assays for these holes have not been received to date. Both holes
encountered only very modest molybdenite on visual logging. Both holes
encountered intense albite-pyrite-hematite-magnetite alteration. The intensity
and sodic nature of alteration within the lateral lake stock and its
association with a structure are positive indications of possible additional
mineralization.

    
    Drill Hole Summary:

       ------------------------------------------------------------
        HOLE NO.     FROM M.       TO M.      LENGTH M.       %Mo
       ------------------------------------------------------------
        PM08-11      225.60       230.60        5.00         0.272
       ------------------------------------------------------------
        PM08-12       94.00       110.50       16.50         0.040
       ------------------------------------------------------------
        PM08-13       91.40       105.80       14.40         0.050
       ------------------------------------------------------------
        PM08-14       21.70        50.90       29.20         0.059
       ------------------------------------------------------------
    

    Initial compilation of data collected during the Phase 1 drill program
combined with historic exploration data confirm that significant molybdenite
mineralization is present within the pegmatite vein swarm along the margin of
the Archean age Lateral Lake stock. This zone has an arcuate strike length of
approximately 10 kilometres. This drilling has highlighted the fact that the
main zone has not been closed off. These areas will be the subject of
continued drilling in April.

    Only the eastern margin of the stock has been explored in any detail by
Rio Algom and MPH Ventures resulting in the partial delineation of a
1.5 kilometre strike length of near surface molybdenite mineralization. This
zone is open along strike and likely is geologically connected with other
poorly explored molybdenite occurrences located along the district-scale
Lateral Lake stock - country rock contact zone. The MPH Ventures' claim blocks
cover the vast majority of the mineralized intrusive margin of the stock as
well as the unexplored central portion of the stock.

    The Pidgeon Molybdenum Deposit is located between Dryden and Sioux
Lookout, Ontario. The project has an all weather logging road running through
the property to the CN Railway 20 km to the north. There is also a major power
line running through the property.

    
                   Pidgeon Molybdenum Deposit location map:
   
http://www.mphventurescorp.com/s/Image.asp?i=maps/MPS-ON-Pidgeon-Fig_41.gif
    

    At the Pidgeon Molybdenum Deposit property, the drill core is sawn into
halves with one-half being sent for analysis and the other kept for future
reference. All samples were prepared and analyzed at TSL Analytical Labs in
Saskatoon using a four-acid digestion with additional multi-element analysis
by induced couple polarization (ICP). A stringent program quality control was
employed throughout with duplicates, standards and blanks being entered into
the sample stream at 30 sample intervals.

    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 and Latin America.

    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

    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.

    %SEDAR: 00005658E




For further information:

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

Organization Profile

MPH VENTURES CORP.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890