29,608,043 shares issued
NEWS RELEASE
Date:
July 7, 1999MILLSTREAM ANNOUNCES DIAMOND DRILLING
Millstream Mines Ltd. is pleased to announce the start up of its 2nd diamond drill on the 24,000 meter 1999 drilling Plan, which is part of the Phase 1 ($4,000,000) of three proposed exploration Phases ($19,000,000) to enhance and realize the full potential of its Potter Mine Property. Phase 1 is expected to be completed by year end.
Both drill rigs are concentrating on testing and expanding the downward continuity of the Copper-Zinc-Cobalt massive sulphide (Cu-Zn-Co MASU) below the past mine workings. The concept being to place deflection wedges at specific downhole depths in existing drilled holes (referred to as "Master Holes") and drill holes off (referred to as "Branches") to intersect targets to the right, left, below and above the Master Hole.
The first (1st.) drill is presently drilling its second Branch hole off designated Master Hole S99-01 to define and expand the mineralization Cu-Zn-Co MASU at the 3,000 ft. vertical depth from surface.
The second (2nd.) drill is currently drilling its first (1st.) Branch hole off designated Master Hole S98-06 to define and expand the mineralized Cu-Zn-Co MASU at the 2,300 ft. vertical depth from surface.
The third (3rd.) drill is on the Property scheduled to start by July 20th to test target areas outside of the past mine area.
Management is very excited with the participation, guidance and input of the Hunter Dickinson Group which insures the Property has the best available team to discover and establish its real value.
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. Millstream holds mineral claims or interests, directly or through wholly owned subsidiaries in Canada, USA, and the Czech Republic.
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-For further information contact:
Mr. Ernest Harrison, EM Phone: 705-474-7282
Mr. Marty Martinello, B.A. Fax: 705-474-5491
Or
Mr. Peter Brodie Brown Phone: 416-368-9595
Mr. Robert Chase, B.A. Fax: 416-368-0584
No regulatory authority or similar body approved nor disapproved the information contained herein.