(PRZCF.OTCBB) (PH0.FRANKFURT) (TSXV.PHE)
VANCOUVER, July 19 /PRNewswire-FirstCall/ - 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"
Ron Bourgeois, President
FOLLOW US ON:
Facebook
http://www.facebook.com/profile.php?ref=profile&id=100000687843563
Twitter
http://twitter.com/PetroHorizon
MySpace
http://www.myspace.com/518719311
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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.