TAMARACK SUMMARY (Uncle Sam below)

The Tamarack Property its a former producing, high-grade gold operator in the Tobacco Root Mountains, Madison County, Montana consisting of six (6) patented claims and a further unpatented claim block tying all claims contiguous. The Tamarack Property is accessible year round, 4 miles from the town of Sheridan, on a gravel maintained road.

The associated assets include a new small 60 to 100 t.p.d. mill erected in the early 1990's and an older small 50 to 60 tons per day mill last operated in the 1960's. Additional associated assets are tailings disposal ponds, water supply lagoon and well, compressors, bulldozers, loaders, haulage trucks; underground mining equipment, parts and tools. An electric power transmission line complete with a sub-station on the property can be energized on signing a current contract with the Montana Power Co.

The Tamarack Property was initially discovered in the 1860's and has been worked intermittently, both on surface and underground, up to the present time. The most dedicated undertaking of the property was carried out by Mr. Alexander Leggat, B.S., E.M., a professional mining engineer, from 1927 to 1937. During this period Leggat surveyed and assayed the past workings producing detail plans of the mine and geology. Due to the lack of proper financing he developed and ran the mine on a salvage type operation until he ran out of funds. In his final report dated March 30, 1937, he expressed his findings and conclusions of the ore occurrence and characteristics. Leggat described the occurrence in the Broadgauge ore body of the Tamarack Property, below and above the 406 drift, "having the gold mainly in the limestone above the hanging wall of a large body of intruded porphyry, and the porphyry seems to carry low values for a considerable thickness. The main ore body, however, being the limestone, in which occur irregular pipes, streaks and bunches of a white, siliceous material, rather porous, and not vein quartz but is usually very rich - samples having assayed as high as 27 opt. The gold occurs in the rock absolutely free and very pure."

Millstream has recently purchased an undivided 50.5% interest in the Tamarack, lode gold bearing, Property and its associated assets. The Property is located in the south western part of the State of Montana, U.S.A. near the town of Sheridan.

Millstream has purchased its 50.5% undivided interest with cash payments of U.S. $176,500. Additionally, Millstream has undertaken to supply future funding to advance the Tamarack Property to a stage that a commercial production decision can be made, and if warranted, bring the Property into production. Millstream will receive 80% of all net revenues from the Tamarack Property until it has recaptured all funding supplied by it.

Millstream’s initial plans for the Tamarack Property are to establish a new surface grid tying in the surface structures, excavations and adit portals. Thereafter, to carry out systematic geophysics surveys to contour the limestone/intrusive contact with follow-up diamond drilling.

UNCLE SAM SUMMARY

The Property is a high grade, former gold producer in the Tobacco Root Mountains, Madison County, Montana.  The Property, accessible year round on a maintained gravel road, is situated ten (10) miles to the east of Sheridan, Montana and just 6 miles to the east of the Tamarack Gold Property (see PR Sept. 19, 2006). Detailed geophysical, geochemical and geological surveys have extended the previous workings to cover a gold/graphite bearing structure over 8,000 feet long.  The investigation has indicated the presence of other lode gold occurrences associated with the known mineralized Uncle Sam Fault zone.  All previous mining has come within or at the Uncle Sam Fault over a width of three (3) to ten (10) feet, adjacent to a competent hanging wall porphyry , that is part of a Fault zone about sixty (60) feet in true thickness.

In the past, (see PR Sept. 9, 1996) Millstream investigated, surveyed and sampled the Property underground workings and surface waste piles. The samples collected and tagged were sent for assaying at Assay Lab, Inc., West Jordan, Utah, USA, Norris Lab., Norris, Montana, USA and Swastika Laboratories, Swastika, Ontario, Canada.  Samples taken from the hanging wall assayed at 36.2 grams (1.164oz) of gold and 82.7 grams (2.66 oz) of silver per ton.  Vein material assayed at 16.04 grams (0.516 oz) of gold and 15.24 grams (0.49 oz) of silver per ton with minor lead and zinc values. The following chart of assays (see PR Aug. 15, 1997) was derived from samples taken from a combination of channels (cs), wall chips (wcs), and channel trenches in broken ore (cts): 

  Millstream’s 50% interest is fully vested based on consideration that it has completed a substantial amount of development work and exploration expenditures on the property in the past.