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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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40,132,043
SHARES ISSUED |
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FOR IMMEDIATE RELEASE Date: MILLSTREAM’S
POTTER TO BE MODELLED IN 3D BY
DISCOVER ABITIBI INITIATIVE Toronto, Ontario -- Millstream Mines Ltd. (MLM -
TSX-V) wishes to announce that its Potter Property has been chosen by the
“Discover Abitibi Initiative” as a property that merits the work and manpower
needed to create a 3D model of the mineral deposit. There were only two VMS
Deposit properties chosen for this type of endeavour; the other being the
world class Kidd Creek Mine belonging to Falconbridge Ltd. (FL – TSX).
Incidentally, both properties are located on the same geological structure,
The Pipestone Fault. This undertaking could uncover new insight into
the geological controls that guided mineral deposition and help to visualize
where to search for additional ore in
the Potter Property.
Additionally, it will
be an excellent tool to convey the story and potential of this very
prospective Millstream asset. Between the years of 1995
to 2001, Millstream conducted many different exploration programs including
linecutting, ground geophysical surveys, geological surveys, geochemical
orientation surveys and associated petrographic studies, along with surface
diamond drilling programs totaling 17,300 metres drilled in 37 holes. The
resulting success of this work attracted the attention of Dr. Harold Gibson, associate professor, Ore Deposit Geology and
Physical Volcanology, Laurentian University, Sudbury, who stated, after deep
hit S99-01A,” the significance of this hit can be stated in three words –
Continuity, Predictability and Width” (referring to the nature of the Potter
mineralization in PR Mar. 25, ‘99). Consultant Geologist Dave Gamble further summed up the success of this
defining intersection by saying,” the
significance and success of this drill hole clearly demonstrates the VMS mine
hosting stratigraphic sequence and accompanying massive sulphide
mineralization is drill confirmed at 3000 ft. vertically from surface, 1900
vertical ft. beneath the former mine workings and to date remains open down
dip and down plunge” (PR Mar. 25, ’99). The following table outlines the
highlights of the past drilling: From To Core Length Cu Zinc Co Silver Hole No.
metres metres
(M) (FT) (%T) (%T) (T%) (oz/T) ____________________________________________________________________ S97-08A 482.40 483.90 1.50 8.53 3.62 3.19 0.136 0.86 491.86 494.40 2.54 8.33 2.33 9.09 0.073 1.08 504.20 506.20 2.00 6.56 6.00 4.37 0.082 1.91 537.40 543.70 6.30 20.90 2.32 3.14 0.000 0.12 S97-09 604.60 627.50 22.90 75.13 2.65 2.70 0.080 0.76 including 613.60 623.00 9.40 30.84 3.86 4.57 0.128 1.153 S98-01 695.15 702.90 7.75 25.40 5.34 3.24 0.067 1.16 including 695.15 700.40 5.25 17.20 7.81 4.76 0.096 1.69 773.50 776.50 3.00 9.80 2.17 3.90 0.047 0.46 including 774.35 776.50 2.15
7.10 2.95 5.42 0.053 0.61 S98-05 420.12 423.75 3.63 11.90 2.69 0.29 0.079 0.49 507.40 519.70 12.30 40.40 1.53 2.05 0.131 0.42 including 513.00 519.70 6.70 22.00 2.14 2.47 0.174 0.58 515.00 519.70 4.70 15.40 2.54 3.38 0.168 0.70 516.00 519.70 3.70 12.10 2.75 3.74 0.165 0.73 S98-06 653.90 680.66 26.76 87.80 2.57 1.68 0.082 0.61 including 653.96 665.50 11.60 38.06 4.34 2.18 0.122 0.94 656.90 663.49 9.59 31.46 5.01 2.63 0.131 1.09 696.62 705.30 8.68 28.48 3.39 0.80 0.071 0.67 including 696.62 703.00 6.38 20.93 4.46 1.06 0.094 0.89 S99-01A 1171.9 1179.72
7.82 25.66 1.96
3.18 0.085 0.53 including 1171.9
1176.4 4.50 14.76 1.98
4.55 0.098 0.61 including 1171.9
1175.2 3.30 10.83 2.19
5.96 0.116 0.71 1165.2
1166.2 1.00 3.28 1.26 1.18 0.036 0.29 1161.0
1162.0 1.00 3.28
1.71 0.46 0.037 0.34 1158.4
1159.95 1.55 5.09 2.11 1.40 0.093 0.50 GOLD ASSAYS NOT INCLUDED; ALL ASSAYS OBTAINED FROM
SWASTIKA LABS The mine area requires
in-fill drilling to establish the geometry of the high-grade zones below the
past mine bottom level (1,100 ft.) to 3,000 ft., and may require dewatering
of the mine and accessing the lower levels to diamond drill the deep zones.
If carried out, a pre-feasibility report would be made and funding sourced
for a bankable feasibility report. It is the initial intention of the company
to continue with surface exploration to locate the mineralization east of the
mine shaft indicated by the deep penetrating geophysical I.P. signatures. The
Potter Mine Property is located in northern The following 2 paragraphs
were taken from the Discover Abitibi website and is meant to acquaint the
reader with the mission and goals of the overall project: The
Discover Abitibi Initiative is a community based and directed program
designed to stimulate exploration for and eventual development of mineral
deposits within the Abitibi Greenstone belt of The stimulation of exploration
will be accomplished through an integrated geoscientific investigation of the
area. The project will employ the latest in exploration techniques and
cutting edge new technologies. The use of new technologies will determine
their effectiveness in locating mineral deposits in areas of heavy overburden
and areas where surface development makes exploration difficult. The
integration of previous data and new information through GIS coordination
will provide prospectors, junior mining firms and major mining companies with
the information database required to locate and develop The principle objective of Millstream Mines Ltd.
is to enhance and develop known mineral properties to production potential. Millstream, further wishes to announce and remind
the interested public of its web site location, WWW.MILLSTREAMMINES.COM. 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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