MILLSTREAM OUTLINES GEOPHYSICAL RESULTS AND
FUTURE PLANS AT POTTER PROPERTY
Toronto, Ontario, November 14, 2007, Millstream Mines Ltd. (MLM-TSX-V; NJD- Frankfurt) is pleased to report that its downhole geophysical Electrical Continuity (E.C.) survey conducted in selected drill holes at its Potter Property has been completed. The report interpreting the results establishes that certain massive sulphide intervals from hole to hole are connected while others are not. A follow-up downhole geophysical E.M. survey will be conducted and it is anticipated that this in conjunction with the E.C. survey will help to identify further drill targets and assist in the preparation of a resource estimate as per NI 43-101.
Also of importance, the Company has initiated the investigation of obtaining a permit for advanced exploration consisting of dewatering the shaft and mine workings in order to allow for underground access. This will enable the Company to conduct diamond drilling to further define and delineate the
previously known and newly discovered mineralized zones both horizontally along strike and vertically to depth. Previously drilled holes in 1999 established that the mineralized structure continues to depth below 914.35 metres or 3000 ft. (see DDH S99-01A in PR June 14, 2007).
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 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 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 f
or 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
Phone: 705-474-7282
Mr. Marty Martinello, B.A., V.P.
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.
CHRISTOPHER WELLS : CWELLS@RENMARKFINANCIAL.COM
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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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. |