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Millstream Mines Ltd

Publié le 11 octobre 2007

Cuts 8.65 Metres of 3.20% Copper, 2.03% Zinc, 0.112% Cobalt Within a Larger 38.6 Metre In

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Mots clés associés :   Canada | Cobalt | Copper | Zinc |

Millstream Cuts 8.65 Metres of 3.20% Copper, 2.03% Zinc, 0.112% Cobalt
Within a Larger 38.6 Metre Interval of 1.88% Copper, 1.17% Zinc, 0.044% Cobalt in Drill Hole S-07-13
at its Potter Property in NorthEastern Ontario

October 11, 2007, Toronto, Ontario, Millstream Mines Ltd. (MLM-TSX-V; NJD- Frankfurt) reports that it has intersected an 8.65 metre interval of 3.20% copper, 2.03% zinc, 0.112% cobalt and 0.94 opt. silver contained within a mineralized core length of 38.6 metres having a weighted average grade of 1.88% copper, 1.17% zinc, 0.044% cobalt and 0.55 opt silver in Drill Hole S-07-13. S-07-13 (Az 5.00, Dip -60.5) was positioned at the same collar area of Drill Hole S-07-11 (Az 5.00, Dip -58.5) being the same azimuth but steeper (see PR Sept. 20, 2007). A detailed accounting of the assay returns from S-07-13 with S-07-11 are as follows:

Hole No.

From          To    (metres)

Core Length(metres)

Cu
(%)

Zn
(%)

Co
(%)

Ag(oz/T)

S-07-13

 

 

 

 

 

 

(Az 5.00,Dip-60.5)

546.50    585.10

38.60

1.88

1.17

0.044

0.55

 

 

 

 

 

 

 

Including

566.50    555.15

8.65

3.20

2.03

0.112

0.94

 

 

 

 

 

 

 

S-07-11*

513.35    532.10 

18.75

3.09

0.96

0.067

0.88

*previously reported on Sept. 20, 2007

The calculated vertical distance of the massive sulphide intersections between Drill Hole S-07-13 and that of Drill Hole S-07-11 is 38 metres of which the wide mineralized envelope is hosted by the past mine sequence basalt hyaloclastite.

The large mineralized envelope being identified below the past mine workings has not been explored to any extent in the upper areas surrounding the past mine workings. Management and its consultants see no geological reasons why this large mineralized horizon does not exist or extend upwards thereby inviting the prospect of discovering massive sulphide zones both to the north and to the south of the zones developed and mined in the past.

Millstream's drilling program continues to expand the "stacked" mineralized massive sulphide zones located at the Potter Property. The past producing property is found in the highly prolific Abitibi Greenstone Belt in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario, Canada. The Potter volcanogenic massive sulphide (VMS) type deposit is located midway between the Kidd Creek VMS deposit and the Horne VMS deposit with their respective smelter complexes.

Sample preparation and analyses f or this release were conducted by Swastika Labs in Swastika, Ontario on split drill core supplied by Millstream. Dave Gamble, P.Geo. and Edward Bettiol, P. Eng,  both consultants of Millstream, are the Qualified Persons as described in National Instrument 43-101 for the Potter Mine Project. They have 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 be the 100% owned Potter Mine Property. 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      

Mr. Marty Martinello, B.A., V.P.

Phone: 705-474-7282

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 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Millstream Mines Ltd

EXPLORATEUR
CODE : MLM.V
ISIN : CA6009001042
CUSIP : CA6009001042
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Millstream est une société d’exploration minière d'argent et d'or basée au Canada.

Millstream détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont TAMARACK, MUNRO TWP, ATOLIA et AIRPORT au Canada.

Millstream est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,7 millions CA$ (1,3 millions US$, 1,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,55 CA$, et son plus bas niveau récent le 24 juillet 2015 à 0,01 CA$.

Millstream possède 42 240 000 actions en circulation.

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Financements de Millstream Mines Ltd
22/02/2016UNDERTAKES FINANCING
23/09/2014TO CONSOLIDATE SHARES AND AMENDS TERMS OF PREVIOUSLY ANNOUNC...
30/07/2013Millstream Announces Private Placement
27/01/2012CORRECTION FROM SOURCE: Millstream Completes Financing
23/01/2012COMPLETES FINANCING
14/12/2011SETS TERMS OF FINANCING
10/09/2009COMPLETES NON-BROKERED PRIVATE PLACEMENT
31/12/2008COMPLETES $390,000 FLOW-THROUGH FINANCING
Nominations de Millstream Mines Ltd
27/02/2014FRED SHARPLEY, P.Geo. TO JOIN MILLSTREAM’S BOARD OF DIRECTOR...
Projets de Millstream Mines Ltd
24/09/2012(Tamarack)EXECUTES MOU ON TAMARACK GOLD PROPERTY
21/08/2012(Tamarack)EXECUTES LOI ON TAMARACK GOLD PROPERTY
05/07/2011(Potter)Expands Land Position at Potter
23/08/2010(Tamarack)Tamarack potential open pit 1,000,000+ tons
06/01/2010(Potter)signs agreement with agents of china on Coppper Zinc Potter ...
01/12/2009(Tamarack)SIGNS LETTER OF INTENT FOR FURTHER DEVELOPMENT OF TAMARACK G...
14/05/2009(Tamarack)Receives positive gold gravity test work results from tamara...
28/07/2008 Submits NI 43-101 Report On Tamarack Gold Property
29/01/2008(Potter) Extends Favourable Mineralized Horizon Approximately 500 Me...
28/11/2007(Potter)Cuts 15 Metres of .16% Nickel At Potter
26/11/2007(Tamarack)Uncovers New Gold Zone at Tamarack Measuring 28.8 g/t Gold a...
20/11/2007(Potter) Cuts 3 Massive Sulphide Intervals Including 18.0 Metres of ...
14/11/2007(Potter) Outlines Geophysical Results and Future Plans at Potter Pro...
12/11/2007(Airport) Provides Current Exploration Status Of Its East Property
05/11/2007 Expands Land Position at its Potter Property in North Easte...
30/10/2007(Potter) Cuts 8.25 Metres of 2.53% Copper Within a Larger Interval o...
17/10/2007(Potter) Rotates Diamond Drill Head 15° West From S-07-13 (Az 5.00) ...
11/10/2007(Potter)Cuts 8.65 Metres of 3.20% Copper, 2.03% Zinc, 0.112% Cobalt ...
Communiqués de Presse de Millstream Mines Ltd
21/04/2016MILLSTREAM CORPORATE UPDATE
16/12/2015MILLSTREAM DISCLOSES EXPECTED PROGRAM...
15/04/2015MILLSTREAM CORPORATE UPDATE...
17/05/2012AMENDS OPTIONS
02/05/2012(Potter)REPORTS FURTHER ON MAG/VLF SURVEY OF SOUTH POTTER
17/04/2012(Potter)REPORTS ON MAG/VLF SURVEY OF SOUTH POTTER
27/03/2012(Potter)COMPLETES MAG/VLF SURVEY ON SOUTH POTTER
06/02/2012(Potter)DISCOVERS MAGNETIC ANOMALIES SOUTH OF POTTER
19/12/2011(Tamarack)EXPOSES GOLD ZONE EXTENSION AT TAMARACK
18/02/2011Reports a Change to its Board of Directors
09/12/2008SETS TERMS OF FINANCING...
05/02/2008 Sets its Sights on Sudbury Airport East Property; Drilling ...
06/12/2007''s Step-Out Hole S-07-22 Intercepts Massive Sulphides 77 Me...
28/09/2007Starts Up Gold Mill At Tamarack
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