METALS RECOVERY PROGRAM
POTTER MINE TAILINGS PILOT TEST
Date:Apr. 3, 2001
Millstream
Mines Ltd. is very pleased to announce the progress of its Pilot Test Program
to exploit the innovative proprietary Electro- Chemical Quik Leach and
Membrane technologies for recovery of metals contained in its Potter Mine
tailings. The Potter Mine property is located in Munro township, Matheson
area, northeast Ontario, Canada.
Construction
is completed on the selected tailings site with injector piping, recovery
wells, leachate circulating systems and processing facilities in place.
Preliminary system test results are encouraging with samples being sent
for assay to Swastika Laboratory. The draft of the final report with conclusions
is anticipated to be received before the end of May, 2001.
The
Pilot Test Program is utilizing the proprietary systems of Electro-Chemistry
manipulation combined with Membrane Technology. The Electro-Chemical Quik
Leach (patent pending) enhances leaching rates of sulphide materials and
the Membrane Technology concentrates the selected metal ions for recovery
(P.R. Feb. 07, 2000 & June 22, 2000).
Positive
results from the Pilot Test Program will present Millstream the opportunity
to process its tailings' insitu contained metals (copper, Zinc, cobalt,
magnesium) having an aggregate gross value at $112,000,000 per previous
calculations (P.R. June 22, 2000), plus an environmental gain in stabilizing
the tailings.
During
the past 4 years Millstream has diamond drilled and cored 39 holes (56,401
ft.) confirming the downward extension of the previously mined massive
sulphide ore zones to a vertical depth below surface of 3,100 ft. (P.R.
Aug. 18, 1999), being 2000 ft. deeper than the past lowest working level
of the mine.
Based
upon positive results from the Pilot Test Program, Ernest Harrison, president
of Millstream states "in addition to processing of the tailings a review
of the drill cores will be undertaken in the areas of the Hanging Wall
and Foot Wall of the drilled massive sulphide zones for magnesium, cobalt
and low grade copper and zinc. A revised ore zone confirmation could very
quickly increase the ore zone size by four or five times. The two walls
of the ore zones previously developed and mined (to the vertical depth
of 1100 ft.) would be quickly accessible through the existing mine shaft
and established working levels. These potentially merging events could
greatly advance Millstream towards achieving sustained production at the
Potter Mine site and other favourable sites in the future".
This
press release contains certain "forward-looking statements", as defined
in the United States Private Securities Litigation Reform Act of 1995,
that involve a number of 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.
Millstream,
further wishes to announce and remind the interested public of its web
site location, WWW.MILLSTREAMMINES.COM .
The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.
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For further information contact:
Mr. Ernest Harrison, EM, CEO Phone:705-474-7282
Mr. Marty Martinello, B.A., V.P. Fax:705-474-5491