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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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39,932,043
SHARES ISSUED |
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FOR IMMEDIATE RELEASE Date: MILLSTREAM
COMMENCES AIRPORT PHASE
3 PROGRAM After
the work done on D.D.H. M002 as outlined above, the drill rig will to be
moved to the 4 South grid line area (SEE M003 MAP)
for the drilling of D.D.H. M003. The targeted anomaly exhibits an extremely
high chargeability coincident with a very low resistivity reading; making it
one of the strongest and most significant of several anomalies found on the
Airport Property, as defined by the Phase 1 I.P. survey. Upon the completion
of D.D.H. M003 and the follow-up detailed logging and sampling of this hole,
a downhole geophysical survey will be done to identify any off-hole
conductors and, if merited, wedged holes will be drilled to target these
conductors. In
Phase 1, Insight Geophysics Inc. carried out an extensive innovative deep
penetrating (500 to 600 metres depth) I.P. Resistivity/Chargeability survey
that identified significant geophysical anomalies. Consultant Insight
Geophysics Inc. reported to Millstream that the Phase 2 Airborne MegaTEM II
(EM) survey detected some shallow (less than 300 metres depths) geophysical
anomalies that are corroborated by the Phase 1 geophysical I.P. survey. Phase
3 will concentrate initially on investigating the deeper seated I.P.
anomalies. Consultant, John Gingerich, notes that the Airport Property has
several long zones of untested Breccia and Psuedotachylite with numerous
Cu-Ni-Co-PGM showings, indicating the potential for a significant deposit. Sudbury
Breccia and Psuedotachylite are the known host structures for ores in the
Sudbury Basin Footwall zones. These structures are found in the Nickel Rim
South new discovery and at other mining locations around the The Airport Property is located just outside the east rim of the
Sudbury basin on the southeast horn of the Basin; and 1.2 Km east of
Falconbridge’s past producer, Norduna Mines, and 4 Km southeast of
Falconbridge’s (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near to
their past producer, the Nickel Rim Mine (FL P.R. April 16, 2002, “the
hi-grade intersection has a gross value of CDN$2,000/tonne”). The principle objective of Millstream Mines Ltd.
is to enhance and develop know 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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