NEWS RELEASE
Date: December 23,1997
ASSAY RESULTS RETURN COPPER/ZINC VALUES
FROM FOUR ZONES IN FIRST DEEP DRILL HOLE
ON TIMMINS –MATHESON PROPERTY (POTTER)

 

Millstream Mines Ltd. wishes to announce assay results from the first of a series of drill holes which target the possible extension of the copper/zinc mineralization in which previous mining activities were suspended. Hole S97-08A intersected four (4) Cu- Zn sulphide zones 100 meters (328 ft) below the lowest producing level. A fifth zone further down was intersected between 565.02m (1853.8 ft) to 576.51m (1891.5 ft) for which assays are pending.

Assays for all four zones have been received with significant results which are as follows:
Zone Number
Interval Metres
Core Length (m) (ft.)
Copper (%)
Zinc (%)
Silver (oz/t)
1
482.4 – 485.0
2.6 8.53
2.46
1.88
.750
2
488.4 – 494.9
6.9 22.57
1.52
3.98
.640
3
502.6 - 506.2
3.6 11.8
3.74
2.49
1.11
TOTAL
-THREE ZONES
13.1 43.0
2.32 (avg)
3.14 (avg)
.790 (avg)
4
537.4 – 543.7
6.3 20.9
0.27
0.65
0.12
   
 Gold (oz/t)
1 482.4 –483.9 1.5 4.92 3.62 3.19 .86 .005
2 491.86 –494.4 2.548.33 2.33 9.09 1.08 .001
3 504.2 –506.2 2.0 6.56 6.60 4.37 1.91 .022
 

The Potter Property is situated near the confluence of the Pipestone and Destor- Porcupine faults, in the Archean Greenstone Belt and is comprised of 28 leased and patented claims along with 10 optioned claims, which are located in Munro Township 80 kms east of Timmins and 45 kms north of Kirkland Lake.

A second hole in the current drill program has been commenced to test the reported zones at the same depth some 200 ft. to the west. Results will be forthcoming.

Millstream has 17,114,925 shares issued and outstanding.

The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential. Millstream holds mineral claims or interests, directly or through wholly owned subsidiaries in the Czech Republic, USA and Canada.

 
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