30,733,043 SHARES ISSUED
Date: Oct. 25,2000
Airport Property, Falconbridge Township - Sudbury Area
Millstream Mines Ltd. is pleased to announce the continued exploration of its Airport Property for nickel, copper, cobalt + platinum/palladium group metals. Crowflight Minerals Inc. commenced the diamond drilling program with hole APT-1 and surface mapping is continuing.
Kidston Property, Munro Township - Timmins - Matheson Area
Millstream Mines Ltd. announces the exploration results of its initial drilling of the geophysical anomalous areas on the Kidston Property. The Kidston Property (Timmins - Matheson area, Munro township, northern Ontario) is located north of Millstream's (VMS) massive sulphide, copper-zinc-cobalt, Potter Property. The Potter Property is situated on the southern limb of a syncline and the
Kidston Property appears to be situated on the northern limb of this syncline.
Drill hole KDS 00-01 (75W, 300S, Dip-50, Az 360)
Hole KDS 00-01 was targeted to test, at depth, Quantec Geophysics Real Section I.P. anomaly, the westerly down plunge and depth extension of the Cu-Zn mineralization encountered in the 1992 short drill holes by Granges Inc., and to identify the occurrence of a favourable hyaloclastite horizon similar to the mine hosting sequence encountered at the Potter Property.
The hole was drilled 479 meters in length intersecting the favourable hyaloclastite horizon in two (2) downhole intervals (349.7 to 474.0 meters and 450.7 to 451.8 meters). Weak intermittent sulphide stringers and veining were encountered between 349.7 to 474.0 meters downhole, in which, 10 mineralised sections were sampled for copper-zinc-cobalt. The highest assay values reported by Swastika Lab being: Copper 0.202% and Cobalt 0.027% over 0.54 meters and Zinc 1.84% over 1 meter of core lengths.
Millstream's management and its consultants are of the opinion the first exploration stage and drill hole achieved its primary objectives and are encouraged to continue with the exploration program.
Additionally, Millstream announces that its securities have been transferred from the Canadian Dealers Network (CDN) to Tier 3 on the (CDNX) Canadian Venture Exchange Inc. effective October 10, 2000. Millstream's previous trading symbol "MLSM" on the CDN is now "YLI" on the CDNX.
The principal 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 Phone: 705-474-7282
Mr. Marty Martinello, B.A. Fax: 705-474-5491
or
Mr. Peter H. Brodie Brown Phone: 416-368-9595
Mr. Robert Chase, B.A. Fax: 416-368-0584
Email: mlsm@passport.ca
The Canadian Venture Exchange has not reviewed and
does not accept responsibility
for the adequacy or accuracy of this release
No regulatory authority or similar body approved nor disapproved the information contained herein.