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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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38,832,043 SHARES ISSUED |
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FOR
IMMEDIATE RELEASE Date: MILLSTREAM
COMPLETES The
Airport Property is located in the Sudbury Mining District, Ontario, Canada,
just outside the east rim of the Sudbury Basin on the southeast horn of the
Basin; and 1.2 Km east of Falconbridge Ltd.’s past
producer, Norduna Mines, and 4 Km southeast of
Falconbridge’s recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near
to their past producer, Nickel Rim Mine (FL P.R. April 16, 2002, “the
hi-grade intersection has a gross value of CDN$2,000/tonne”). Sudbury
Breccia (Psuedotachylite) is the known host structure for ores in the Sudbury
Footwall type deposits. These geologic formations are found in Falconbridge’s
Nickel Rim South new discovery, FNX Mining’s Norman Deposit, and at other orebodies around the Consultant
Phil Brown, P.Geo., Millstream’s Q.P. for the
Airport property, confirms Gingerich’s statement and discloses there are three
Sudbury Breccia trends striking sub-parallel to the direction of the Sudbury
Igneous Complex (SIC) on the property, defining approximately 8 Km of
prospective strike for potential Sudbury Footwall type deposits. In addition,
two major faults, the Airport Fault and the Norduna
Fault, cross the Property in a southeasterly
direction, and that Cu-Ni-Co-PGM mineralization has been associated with
these faults, presenting buried Off-Set Dyke type deposit possibilities. In detail,
the first phase exploration program re-established the property surface
control grid; reviewed historic property data; investigated surface geology;
defined a model target suitable for Sudbury Footwall type deposits; performed
a deep penetrating I.P. geophysical survey over the entire 46 claim units;
carried out a preliminary (2 holes) diamond drill program to establish
vertical lithology and continuity of the Sudbury
Breccia in depth at selected geophysical targets; and conducted downhole Transient Electromagnetic (TEM) geophysical
survey in each drill hole. D.D.H. M001 (collared @15+00N,
4+00E, Az 270, dip -52 deg) drilled to a downhole depth of
314 meters intersected 26.2 meters of Sudbury Breccia at interval
115.2 to 141.4 meters downhole. D.D.H. M002
(collared @ 20+00N, 4+00E, Az 270, dip -60 deg)
drilled to a downhole depth of 627 meters
intersected 26.1 meters of Sudbury Breccia at interval 580.6 to 606.7 meters downhole. The Sudbury Breccia in each hole is well
developed; clasts show variable lithology and size,
and good flow foliation. Traces, blebs and stringers of pyrrhotite and
chalcopyrite ( Borehole surveys of the drill
holes illustrate M001 and M002 deviated from the planned geophysical targets within the
Sudbury Breccia unit. The TEM surveys indicate off-hole anomalies verifying
Insight Geophysics Inc.’s determined targets. The 2nd phase of exploration
programs under the operations of Millstream’s joint venture partner (Crowflight Minerals Inc.) is being planned with
interpretation of the results obtained in the 1st phase. Site
activities are anticipated to take advantage of the winter conditions of
frozen ground. Millstream would also like to
remind the interested public of its website 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: |
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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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