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
  |
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TEL.: (514) 939-3989
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM 
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Millstream Mines Ltd
|
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EXPLORATEUR |
CODE : MLM.V |
ISIN : CA6009001042 |
CUSIP : CA6009001042 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |