Millstream Mines Ltd

Published : November 28th, 2007

Cuts 15 Metres of .16% Nickel At Potter

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Keywords :   Canada | Cobalt |

Millstream Cuts 15 Metres of .16% Nickel At Potter

Toronto, Ontario, November 28, 2007, Millstream Mines Ltd. (MLM-TSX-V; NJD- Frankfurt) is pleased to announce that at its Potter Mine Project in north eastern Ontario, a Diamond drill hole, S-07-17 has intersected 15 metres of nickel bearing mineralization grading .16% nickel along with anomalous values of copper, zinc and cobalt. The mineralization is hosted in peridotite. The hole was targeted to test a geophysical anomaly which ties in with surface sampling previously completed and reported on (see PR July 18, 2007). Surface set-up was located well east of the minesite area on line 1125 West, 700 South. The azimuth was 180� and dip was -45�. Details of the interval are as follows:
 

Hole No.

From          To   (metres)

Core Length

(metres)

Ni

(%)

Cu

(%)

Zn

 (%)

Co

 (%)

S-07-17

 

 

 

 

 

 

Interval

173.0    188.0

15.0

0.16

Anomalous

Values

Anomalous

Values

Anomalous

Values

 

ALL ASSAYS OBTAINED FROM SWASTIKA LABS, ONTARIO

Drill holes, S-07-16 and S-07-18, drilled in and around the same area came up with anomalous values of nickel.

The Potter Project, located within Munro Township, occurs within an east-southeast trending Archean (2714 Ma) succession of mafic to ultramafic komatiitic to tholeiitic volcanic and intrusive rocks referred to as Kidd-Munro Assemblage. This type of mafic to ultramafic komatiitic structure is a well known host for a significant proportion of the world's sulphide nickel resources.

Millstream's main focus continues to be the copper, zinc and cobalt mineralization surrounding the immediate area of the past producing Potter Mine. Drilling is ongoing to further explore the limits of this potentially rich volcanogenic massive sulphide (VMS) type deposit.

Sample preparation and analyses for this release were conducted by Swastika Labs in Swastika, Ontario on samples supplied by Millstream. Edward Bettiol, P. Eng, a Qualified Person as described in National Instrument 43-101 for the Potter Mine Project, has reviewed this report and press release with company management.

About Millstream Mines Ltd.:

Millstream Mines Ltd. is a Canadian-based mineral exploration company whose principle objective is to enhance and develop known mineral properties to production potential. The Company has active projects in the Province of Ontario, Canada and in the State of Montana, USA. The company's main focus continues to b e the 100% owned Potter Mine Property. This past producing property is host to copper-zinc-cobalt "stacked" mineralized zones located in the highly prolific Abitibi Greenstone Belt and more specifically in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario. It is the company's ambition to fulfill drilling requirements necessary to estimate a NI 43-101 compliant resource.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Millstream seeks safe harbour with regard to forward looking statements.

For further information contact:
 
Mr. Ernest Harrison, EM, CEO      
Phone: 705-474-7282

Mr. Marty Martinello, B.A., V.P. 
Fax: 705-474-5491

Mr. Robert Chase, B.A., CFA, CFO 
Phone:416-368-9595
Fax:  416-368-6827
Email: info@millstreammines.com
Web: www.millstreammines.com

RENMARK FINANCIAL COMMUNICATIONS INC.
CHRISTOPHER WELLS : CWELLS@RENMARKFINANCIAL.COM
JEN POWER : JPOWER@RENMARKFINANCIAL.COM
TEL.: (514) 939-3989
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Millstream Mines Ltd

EXPLORATION STAGE
CODE : MLM.V
ISIN : CA6009001042
CUSIP : CA6009001042
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Millstream is a silver and gold exploration company based in Canada.

Millstream holds various exploration projects in Canada.

Its main exploration properties are TAMARACK, MUNRO TWP, ATOLIA and AIRPORT in Canada.

Millstream is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.3 millions, € 1.2 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 0.55, and its lowest recent point on July 24, 2015 at CA$ 0.01.

Millstream has 42 240 000 shares outstanding.

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Financings of Millstream Mines Ltd
2/22/2016UNDERTAKES FINANCING
9/23/2014TO CONSOLIDATE SHARES AND AMENDS TERMS OF PREVIOUSLY ANNOUNC...
7/30/2013Millstream Announces Private Placement
1/27/2012CORRECTION FROM SOURCE: Millstream Completes Financing
1/23/2012COMPLETES FINANCING
12/14/2011SETS TERMS OF FINANCING
9/10/2009COMPLETES NON-BROKERED PRIVATE PLACEMENT
12/31/2008COMPLETES $390,000 FLOW-THROUGH FINANCING
Nominations of Millstream Mines Ltd
2/27/2014FRED SHARPLEY, P.Geo. TO JOIN MILLSTREAM’S BOARD OF DIRECTOR...
Project news of Millstream Mines Ltd
9/24/2012(Tamarack)EXECUTES MOU ON TAMARACK GOLD PROPERTY
8/21/2012(Tamarack)EXECUTES LOI ON TAMARACK GOLD PROPERTY
7/5/2011(Potter)Expands Land Position at Potter
8/23/2010(Tamarack)Tamarack potential open pit 1,000,000+ tons
1/6/2010(Potter)signs agreement with agents of china on Coppper Zinc Potter ...
12/1/2009(Tamarack)SIGNS LETTER OF INTENT FOR FURTHER DEVELOPMENT OF TAMARACK G...
5/14/2009(Tamarack)Receives positive gold gravity test work results from tamara...
7/28/2008 Submits NI 43-101 Report On Tamarack Gold Property
1/29/2008(Potter) Extends Favourable Mineralized Horizon Approximately 500 Me...
11/28/2007(Potter)Cuts 15 Metres of .16% Nickel At Potter
11/26/2007(Tamarack)Uncovers New Gold Zone at Tamarack Measuring 28.8 g/t Gold a...
11/20/2007(Potter) Cuts 3 Massive Sulphide Intervals Including 18.0 Metres of ...
11/14/2007(Potter) Outlines Geophysical Results and Future Plans at Potter Pro...
11/12/2007(Airport) Provides Current Exploration Status Of Its East Property
11/5/2007 Expands Land Position at its Potter Property in North Easte...
10/30/2007(Potter) Cuts 8.25 Metres of 2.53% Copper Within a Larger Interval o...
10/17/2007(Potter) Rotates Diamond Drill Head 15° West From S-07-13 (Az 5.00) ...
10/11/2007(Potter)Cuts 8.65 Metres of 3.20% Copper, 2.03% Zinc, 0.112% Cobalt ...
Corporate news of Millstream Mines Ltd
4/21/2016MILLSTREAM CORPORATE UPDATE
12/16/2015MILLSTREAM DISCLOSES EXPECTED PROGRAM...
4/15/2015MILLSTREAM CORPORATE UPDATE...
5/17/2012AMENDS OPTIONS
5/2/2012(Potter)REPORTS FURTHER ON MAG/VLF SURVEY OF SOUTH POTTER
4/17/2012(Potter)REPORTS ON MAG/VLF SURVEY OF SOUTH POTTER
3/27/2012(Potter)COMPLETES MAG/VLF SURVEY ON SOUTH POTTER
2/6/2012(Potter)DISCOVERS MAGNETIC ANOMALIES SOUTH OF POTTER
12/19/2011(Tamarack)EXPOSES GOLD ZONE EXTENSION AT TAMARACK
2/18/2011Reports a Change to its Board of Directors
12/9/2008SETS TERMS OF FINANCING...
2/5/2008 Sets its Sights on Sudbury Airport East Property; Drilling ...
12/6/2007''s Step-Out Hole S-07-22 Intercepts Massive Sulphides 77 Me...
9/28/2007Starts Up Gold Mill At Tamarack
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