Vancouver-based MPH Ventures (TSX-V: MPS) has entered into an agreement to purchase a full ownership stake of three contiguous gold exploration properties 20 kilometres west of Timmins.
Known collectively as the Godfrey Gold property, the land covers 700 acres, located nine kilometres northwest of Lake Shore Gold's Timmins Mine.
An exploration program is planned for this property in the fall, and will involve line cutting, mechanical trenching and ground geophysics. A drilling program will follow.
The transaction remains subject to regulatory approval.
MPH Venture is a gold and molybdenum exploration company with projects throughout Northern Ontario, including Sudbury, Timmins, Red Lake and Kenora.
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