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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: MILLSTREAM
ELABORATES ON TAMARACK GOLD PROPERTY The
location for drilling DDH 04-01 (MLM PR Dec. 14, 2004) was selected to
determine if the enriched gold zone previously reported by Gold Fields Mining
Corp.’s (in 1991) reverse circulation hole, named TR-2, had lateral
extensions. The theory being that a relatively flat lying enriched zone
(blanket) may exist on the east side of the Broadgauge
fault that crosses the property in the direction of N. 30º E., and dips 45º N.W. The significance of DDH 04-01 results establish
that the enriched zone is relatively flat lying and does extend south of
TR-2. To determine the extremities of the enriched blanket will require
additional exploratory drilling. Additionally, it is believed that on the
west side of the Broadgauge fault the ore zones are
contained in veins striking east-west, north dipping as fissure filling
within marble limestone beds. Diamond drilling is required to determine the
downward extension of these veins below the old workings. It is the Company’s view that there is a good
possibility of discovering a relatively hi-grade deposit sufficient to
support a low-tonnage operation to suit the existing infrastructure on the
property. The property has road access, power transmission lines with
sub-station, buildings and two separate mills that, if necessary, can be
up-graded, and an assortment of equipment. The Company’s current plans are to
try and support a gold production operation in the range of 150 to 200 tons
per day. HISTORIC
REPORT:
“Bedrock Geology of the Sheridan District, A report (November 1967) submitted to the State
of Montana, Bureau of Mines and Geology by H. Robert Burger III, titled
“Bedrock Geology of the Sheridan District, Madison County, Montana”,
concludes that ore deposits in the Sheridan District are formed by the
filling of fissure veins and by metasomatic
replacement of gneiss and marble country rock. The deposits associated with
the fissure veins are mainly within marble beds or along marble gneiss
contacts. Metasomatic replacement deposits are
almost confined to marble beds. Replacement is localized along fractures
cutting across marble beds; along marble-gneiss contacts; and along shear
zones parallel to foliation, most likely developed by shearing related to
intrusion. The report states “the Tamarack ore bodies occupy
replacement zones within marble layers adjacent to intrusive masses. All of
the ore is completely oxidized and the major fracture systems are the Broadgauge fault (N.
30º E., 45º
N.W.) and the Tamarack fault (E. –W., 35º N.). Strong vein structures are
found along the marble–gneiss contact; but the significant deposits occur
along shear zones in the marble paralleling foliation. Additionally, the
report states that the Broadgauge-Tamarack mines
(today called the Tamarack property) reported producing 5,055 oz. of Gold and
380 oz. of silver from 1908 to 1938. H. Robert Burger III reports the Buckeye mine’s
(a past producer), which is adjacent to the east side of the Tamarack
property, ore seems to have been subjected to the same mineralization
controls as the Tamarack’s. The major fracture system at the Buckeye trends N. 30º E., but dips 35º N.W. The vein is completely
within a local quartz-monzonite intrusive body and
is of the replacement type. The ore minerals consist chiefly of auriferous pyrite,
argentiferous galena, sphalerite, and chalcopyrite
with alteration being intense”. Dr. Cam Cheriton, Millstream’s Qualified Person for the property,
is encouraged that base minerals are established in the area and that it
enhances the exploration potentials of Millstream’s property. 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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