Canadian Venture Exchange Inc. Millstream
Mines Ltd.
Symbol YLI
Tel:
(416) 368-9595
31,632,043 SHARES
ISSUED Fax:
(416) 368-0584
FOR IMMEDIATE
RELEASE
Date:
Close: $0.04
MILLSTREAM’S
GOLD BEARING RESIDUAL & ALLUVIAL PLACER,
Millstream Mines Ltd. wishes to announce agreements
of a 50/50 participation have been executed regarding the gold bearing residual
and alluvial placer claims (16 placer 160 acre claims for a total 2,560 acres)
in the southern part of the State of
The Atolia
Property is located in the prolific Mining District of Randsburg,
and accessible by highway #395 approximately 26 miles south of Ridgecrest, and
70 miles due east of Bakersfield. The property is just off the
Mr. Richard Hewlett has held the Atolia
Property claims since 1981. He is a graduate from Iowa State University with a BSc. in Chemical Engineering, a M.Sc
in Mining Engineering from the University of Arizona; and has course work and a
dissertation completed for a D.Sc. in Mining Engineering and a Ph D. in
Geological Engineering while on the teaching faculty of the Colorado School of
Mines and the University of Arizona on a Doctoral Fellowship by the U.S. Bureau
of Mines. From 1960 to 1970 he published 25 technical papers on the computing
of ore reserves and the solving of mining problems by applying numerous
sophisticated computer programs and methods. He has consulted on ore reserve
computations for most of the major mining companies of the world. From 1970 to
1980 he was actively involved in heap leaching of precious and base metals,
both as an operator and consultant in the States of Nevada and
Some reported important features of the Atolia Property are:
1. Extensive sampling has been
conducted since 1982. Sampling has been carried out by hand/surface, front-end
loader, bull-dozer trenches, backhoe and hydraulic excavator pits;
2. Production scale bulk testing using
local mills;
3. Economic metals/minerals are gold,
silver, the platinum group, tungsten;
4. Ample amounts of proven subsurface
water (existing wells pump 500gpm) with the rights held by Hewlett;
5. The placer ores are amenable to
gravity concentration using concentration technology developed by Byran Knelson.
Both Millstream (PR Feb. 7,
2000) and Hewlett Mineral Management separately devoted extensive amount of
time and expenditures over the past years developing, designing and refining
their individual processes and solvents to extract metals from mineral bearing
materials. The presidents of the parties have known each other for
approximately 40 years from the time of their attendance at the Colorado School
of Mines. The complementary value of the parties working in synergetic
applications of their proprietary processes is a progressive step towards
better metal recovery and environmental responsibility.
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
Mr. Robert Chase, B.A. Phone: 416-368-9595
Fax: 416-368-6827
Email:
info@millstreammines.com
No regulatory authority or similar body approved nor
disapproved the information contained herein.