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FOR IMMEDIATE RELEASE
Date: Dec. 3, 2015
MILLSTREAM DISCLOSES EXPECTED PROGRAM AT TAMARACK
TORONTO, ONTARIO- Millstream Mines Ltd. (the "Company" or "MLM") (MLM TSX-V & NJD1 Frankfurt) announces that the Company, in anticipation of completing the previously disclosed financial arrangement (see PR dated Oct. 13, 2015) is preparing plans for the test drilling of the geophysical anomalies discovered by the ground magnetometer survey ("MAG") of 2007 (also disclosed Oct. 13, 2015 with a link to results). The drill program will be a 2 stage process starting with surface Reverse Circulation (RC) drilling and then followed up by the Core drilling of holes that will be twinned to these RC drill tests. Concurrently, as the drill hole data is produced it will be entered into the previously compiled MAG data bank so that a 3 dimensional schematic diagram of the anomalies can be formulated. This model will prove invaluable when the expansion of mine development is at the planning stage.
A number of potential drilling outfits have been contacted in order to assess expressions of interest in the expected program along with the availability and timing of the services to be rendered. As well, core splitting and the required assaying services are also being sourced.
The Company has hired the consulting services of Al Moran, a marketing professional with a wide range of experience in product/corporate branding and project management. The primary objective of his employment will be the updating of the corporate website. The fee attached to this endeavour is an agreed upon 100,000 Millstream Common voting shares.
The Company also hired the services of consultant Leo S. Kosowan to assist in the mandatory consultations with the 1st Nation Wahgoshig Band regarding the Company's Potter Mine property. As consideration for the services, the Company in September 2015 agreed to a fee of 200,000 Millstream Common voting shares. The above share issuances will be subject to TSX Venture Approval.
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 past producing Potter Mine Property is host to a presently known quantity of eleven (11) copper-zinc-cobalt-gold-silver "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. An initial resource estimate on the Potter, utilizing only seven (7) of the eleven total known mineralized zones, 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. The Potter Resource was drawn up by Mr. David Gamble, P.Geo, Qualified Person for the Property. The Tamarack Gold Property is a former past producing, high-grade gold operator found in the Tobacco Root Mountains of Madison County, Montana. The Property is presently permitted to operate as a gold mine under the Small Mines Exclusion Act of Montana. It is accessible year round, 4 miles from the town of Sheridan, on a well maintained gravel road.
For a more thorough synopsis on the Company please visit the following link: http://www.millstreammines.com/Millstream_brochure.pdf
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.
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