Millstream Expands Land Position at Potter
Published : July 05, 2011
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Keywords :   Canada | Cobalt |

TORONTO, ONTARIO--(Marketwire - July 5, 2011) - Millstream Mines Ltd. (News - Market indicators)(FRANKFURT:NJD) wishes to report it has obtained additional contiguous mining claim units at its Potter property. Current land holdings consist of 16 patent claim units, 12 lease claim units and 19 staked claim units, totaling 47 claim units equivalent to 1,880 acres. In consideration for the claims Millstream has issued 130,000 common shares and granted NSR royalties at 2% and at 3% with the right to purchase back 50% of such royalties for $500,000.

The past producing Potter Mine 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. The property may be accessed by a mining road off of highway 101. A 390 meter deep shaft resides on the property as well. A published initial NI 43-101 compliant resource estimate on the Potter revealed an indicated resource of 3,028,767 tonnes at 1.45% copper, 1.19% zinc, 389.7 ppm cobalt, 11.1 ppm silver, and 127.5 ppb gold along with an inferred resource of 2,071,101 tonnes at 1.08 % copper, 1.05 % zinc, 301.4 ppm cobalt, 8.7 ppm silver, and 81.7 ppb gold.  

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 projects in the Province of Ontario, Canada and in the State of Montana, USA. The Potter Mine Property found in Ontario is outlined above. The Tamarack Gold Property, a high grade former gold producer in the Tobacco Root Mountains of south western Montana, is in an advanced stage of underground exploration and development operating under the Small Mines Exclusion Act of the State of Montana.

73,851,707 SHARES ISSUED
          

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.

Millstream Mines Ltd.
Mr. Ernest Harrison, EM
Chairman and CEO
705-474-7282
705-474-5491 (FAX)
or
Millstream Mines Ltd.
Mr. Marty Martinello, B.A.
Executive V.P.
705-474-7282
705-474-5491 (FAX)
or
Millstream Mines Ltd.
Mr. Robert Chase, CFA
President and CFO
416-368-9595
416-368-6827 (FAX)
info@millstreammines.com
www.millstreammines.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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