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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’S
UPDATE OF ITS AIRPORT PROPERTY Toronto, Ontario – Millstream
wishes to announce that it has approved Crowflight
Minerals Inc.’s (50% JV Partner) proposed program of an Airborne EM survey (Megatem II) by Fugro Airborne
Surveys to corroborate existing geophysical induced polarization (I.P.)
targets established by Millstream and define other conductive zones of
potentially associated Ni-Cu-PGM mineralization. Crowflight’s reported surface geological mapping
of the Sudbury Breccia (SB) zones in the Northern half of the Airport
Property reveals SB trends 100 to 150 metres in width. An approximately 3 km
long trend runs North-South and an approximate 1.5 km long trend runs
Northeast branching off the North-South trend. The completed I.P./resistivity
survey and diamond drilling confirm the downward extension of the SB. (PR
Jan. 28, 04). Millstream’s
consultant, John Gingerich, P Geo., in his opinion,
states that, “While there is some potential for offset-dyke style
mineralization, the primary exploration focus is footwall type targets. The footwall mineralization is typically of
the highest grades in the Based on the results of the EM Megatem
II survey, the next follow-up programs will be designed. 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”). 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. 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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