(PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.PHE)
VANCOUVER, July 19 /CNW/ - PETRO HORIZON ENERGY CORP. (TSXV.PHE), is pleased to announce that based on the terms announced in a LOI with Nahminto Resources Ltd., (see June 28th 2010 news release) the completion of the field component of an exploration program following up tellurium anomalies in both soils and rocks discovered in 2009 has been completed. The program consisted of detailed GPS-controlled grid-based soil sampling, geological mapping, prospecting and rock sampling to further define these anomalies. Historic trenches, shallow adits and stockpiles at the Happy John and Monitor mineral occurrences were located by GPS, mapped and sampled. A total of 43 rock samples and 137 soil samples were taken, and have been sent to ALS Chemex in North Vancouver for multi-element analyses. As previously announced the Company has signed a letter of intent on this property.
About Tellurium ("TE")
Tellurium is one of the rarest stable solid elements in the earth crust and is sometimes associated with gold, as well as a by product of copper refining. Tellurium is mainly used as an alloying additive in steel. One of its primary and relatively new applications is in the production of solar panels.
Jacques Houle, P.Eng., a qualified person as defined by NI 43 - 101, supervised the field program and is responsible for the technical information contained in this release.
On Behalf of the board of directors,
Ron Bourgeois, President
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Forward-looking statements relating to future events or future performance and reflecting Petro Horizon's management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Petro Horizon to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Petro Horizon's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Petro Horizon has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on forward looking statements.
SOURCE PETRO HORIZON ENERGY CORP.
For further information: For further information: Petro Horizon Energy Corp, Vancouver, BC, Tel: (604) 488-3900, email: email@example.com