31,632,043 SHARES ISSUED
News
Release
Date: Jan. 21, 2002
SIGNIFICANCE TO MILLSTREAM'S AIRPORT PROPERTY
OF FALCONBRIDGE'S DISCOVERY HOLE MAC-100A
Millstream Mines Ltd. wishes to publicly respond to the many inquiries regarding
the significance (if any) and implications (relating to its Airport Property)
of Falconbridge Ltd.'s recent discovered mineralization in deep drill
hole MAC-100A, as reported in their Nov. 28/01 press release.
Millstream's Airport Property in the Sudbury mining area lies
approximately 4 km southeast of Falconbridge's MAC-100A, 2 km east of the
Sudbury airport, and 1.2 km east of the past producing Norduna Mine. (SEE MAP)
Falconbridge's deep drill hole MAC-100A discovered significant
mineralization on the main contact of the Sudbury igneous complex (SIC)
and in the underlying footwall rocks that consist of brecciated granodiorite
and Sudbury breccia. Located approximately 2 km southeast of Falconbridge's
Nickel Rim deposit (having inferred resources of 1.6 million tonnes at 1.6 %
nickel, 10.1% copper, 4.2 grams/tonne platinum, 3.5 grams/tonne palladium and
2.5 grams/tonne gold), and approximately 2.7 km north of the Sudbury
airport. This discovery drill hole cut 7 zones of very high grade
mineralization, 6 of which occurred in the footwall rocks. The deepest zone cut
6.15 m of 2.26% nickel, 17.49% copper, 19.57 grams/tonne platinum, 26.34
grams/tonne palladium and 20.49 grams/tonne gold. Falconbridge states "the
data from both the contact and footwall zones provide encouraging
indications for the potential of additional mineralization to the north, east
and south of the hole".
Ernest Harrison, president of Millstream, and Phil Brown, consulting
geologist to Millstream, attended in December, 2001 the Sudbury Geological
Discussion Group meeting at which Falconbridge displayed some core sections of
the hole MAC- 100A, and delivered a brief talk of their findings and results of
hole MAC-100A. Phil Brown, BSc., A.R.S.M Mining Geologist, concludes the
significant intercepts and high grades several hundred metres into the footwall
(ie. outside the Sudbury Basin), the implication that the mineralization is
open to the north, south and east (ie. further into the footwall), the assay
results showing generally increasing values with distance into the footwall and
the discovery being near an old producer (the Nickel Rim) play favourable to
the conditions applicable to Millstream's Airport Property.
Millstream's Airport Property is located just outside the Sudbury Basin
from the past producer, the Norduna Mine, and has several long zones of Sudbury
breccia and Pseudotachylite which are host structures for ore in the footwall
zones near the Nickel Rim and at other locations around the Sudbury Basin. Two
major faults, the Airport Fault and the Norduna Fault, cross the property in a
southeasterly direction and that copper-nickel-cobalt-PGM mineralization has
been found associated with these faults. Phil Brown is recommending that
Millstream undertake a concerted exploration effort utilizing deep penetrating
geophysic EM surveys, follow up deep drilling and downhole geophysics in order
to obtain a clearer and fuller picture of the Airport Property.
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.
For further information contact:
Mr. Ernest Harrison, EM, C.E.O. 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: 416-368-0584
Email: info@millstreammines.com
No regulatory
authority or similar body approved nor disapproved the information contained
herein.
