60,697,540 SHARES ISSUED
Millstream Expands Land Position at its Potter Property in North Eastern Ontario
Toronto, Ontario - November 5, 2007 - Millstream Mines Ltd. (MLM-TSX-V; NJD- Frankfurt) is pleased to announce that the Company has increased the size of its 100% owned Potter Mine Property by exercising its option on 5 mining claims consisting of 10 claim units, abutting the principle property, for an undisclosed monetary consideration. The Potter Mine Property now consists of 16 patented mining claim units, 12 leased mining claim units, and 10 staked mining claim units. The land package of 38 claim units covers 1520 acres or 608 hectares and covers parts of Lots 5 to 9 in Concessions IV and V in north central Munro Township, Larder Lake Mining Division.
Meanwhile, Millstream's drilling program continues to expand the "stacked" mineralized massive sulphide zones located at the Potter Property. Assays on several holes drilled remain pending. The past producing property is found in the highly prolific Abitibi Greenstone Belt in the Kid
d-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 historic Horne VMS deposit with their respective smelter complexes.
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, CFA, CFO
Phone: 416-368-9595
Fax: 416-368-6827
Email: info@millstreammines.com
Web: www.millstreammines.com
RENMARK FINANCIAL COMMUNICATIONS INC.
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JEN POWER : JPOWER@RENMARKFINANCIAL.COM
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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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. |