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Canadian Venture Exchange Inc. Symbol MLM |
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Millstream
Mines Ltd. Fax: (416)
368-6827 |
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40,132,043
SHARES ISSUED |
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FOR IMMEDIATE RELEASE Date: Dec. 13, 2004 Close: $0.08 MILLSTREAM
RECEIVES ENCOURAGING RESULTS FROM Drill hole DDH 04-01 intersected a 5 foot (core)
section of a gold enriched zone at 73’ to 78’ having an average assay of
0.338 opt. and containing a high assay of 1.06 opt. for interval 73’ to 74’.
A second intersection of 7 feet was cut within a decomposed skarn rock from
102’ to 109’. This interval carried an average grade of 0.438 opt. Gold Field’s TR-2 hole reported a 20’ section of a
gold enriched zone from 70’ to 90’ having an average assay of 0.975 opt. and
a second 10’ section from 105’ to 115’ having an average assay of .123 opt. Dr. Cam Cheriton, the company Qualified Person
(Q.P.) for the property, reports that the Tamarack Property is underlain by late Precambrian skarned
carbonate rocks which dip 30º to 40º northerly and are cut by steeply dipping
northeasterly and westerly striking shear zones which are auriferous. Dr.
Cheriton believes that the gold zones intersected by DDH 04-01 and the
sections reported in Gold Field’s TR-2 hole are part of an enriched blanket.
He recommends follow-up drilling to check for continuity and geometry. Norris Lab Inc. of The Tamarack Property is
a former producing, high-grade gold operator in the The associated assets of
the property include a new small 60 to 100 tons per day mill erected in the
early 1990's and an older small 50 to 60 tons per day mill last operated in
the 1960's. Additional associated assets are tailings disposal ponds, a water
supply lagoon and well, compressors, bulldozers, loaders, haulage trucks;
underground mining equipment, parts and tools. An electric power transmission
line complete with a sub-station on the property can be energized on signing
a current contract with the Northwest Energy Co. The Tamarack Property was
initially discovered in the 1860's and has been worked intermittently, both
on surface and underground, up to the present time. The most dedicated
undertaking of the property was carried out by Mr. Alexander Leggat, B.S.,
E.M., a professional mining engineer, from 1927 to 1937. During this period
Leggat surveyed and assayed the past workings producing detail plans of the
mine and geology. Due to the lack of proper financing he developed and ran
the mine on a salvage type operation until he ran out of funds. In his final
report dated Millstream purchased an undivided 50.5% interest
in the Tamarack, lode gold bearing, Property and its associated assets. The principle objective of Millstream Mines Ltd.
is to enhance and develop known mineral properties to production potential. Millstream, further wishes to announce and remind
the interested public of its web site location, WWW.MILLSTREAMMINES.COM. WARNING:
The company relies upon litigation protection for "forward-looking"
statements. |
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For further
information contact: |
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Mr. Ernest Harrison, EM,
CEO Mr. Marty Martinello, B.A.,
V.P. |
Phone:
705-474-7282 Fax:
705-474-5491 |
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Mr. Robert Chase, B.A., CFO |
Phone:416-368-9595 Fax: 416-368-6827 |
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Email: info@millstreammines.com
Web:www.millstreammines.com |
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No regulatory
authority or similar body approved nor disapproved the information contained
herein. |
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