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Millstream Mines Ltd

Publié le 28 septembre 2007

Starts Up Gold Mill At Tamarack

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

Millstream Starts Up Gold Mill At Tamarack

September 28, 2007 - Toronto, Ontario, Millstream Mines Ltd. (MLM-TSX-V; NJD- Frankfurt) is pleased to announce that at its Tamarack Mine Project of Montana, mill operations have commenced going through a period of tune-up. The crushing and grinding circuit, electrics, piping, flow cells, and a full size Deister gravity table are now being systematically tested. A stockpile of some 500 tons of roughly .1 ounces per ton (opt.) or 3 g/t gold material is being utilised in order to evaluate the milling process and further improve its extraction efficiencies. Once this necessary mill testing is complete and processing efficiencies improved the higher grade stockpiled material (.4 opt. or 12+ g/t) will then be processed. Concurrently, the exploration for further ore sources underground continues.

This is welcome news for Millstream as it represents a new milestone in the company's corporate history. To ensure the continuation of production beyond the initial mill testing period, the company has stockpiled 2,000 tons of .4 opt. (or 12+ g/t) gold material above ground (see PR's Feb. 19,'07 & May 4,'07) and is now continuing a drift underground to pick up a drill tested zone of mineralization, the previously released assays of which are as follows (see PR Oct. 31, 2006):

Drill Hole No.

Down hole Interval (ft.)

Width

(ft.)          (m)

Gold Assay (oz/ton)        (g/t)

 

 

 

 

TR-2

50 to 150

100           30.47

.244              7.56

Including

70 to 90

20             6.1

.975            30.22

Including

105 to 115

10             3.05

.123              3.81

Also, six miles up the mountain to the west at the Uncle Sam Mine, of which Millstream has a 50% interest, a further 4,500 tons of 0.45 opt. broken up gold ore material lying in the stopes can be accessed for further feed to the mill (see PR Aug. 15,'97).

The Tamarack Property is well on the way to becoming a producing, high-grade gold operator in the Tobacco Root Mountains, Madison County, Montana. Millstream has a 100% interest in the Tamarack, lode gold bearing, Property and its associated assets. The Tamarack Property is accessible year round, 4 miles from the town of Sheridan, on a well maintained gravel road. The associated assets of the property include a newly refurbished 100 tons per day (tpd) mill. Additional assets include tailings disposal ponds, a water supply lagoon and well, compressors, bulldozers, loaders, haulage trucks, underground mining equipment, parts and tools. An electric power transmission line complete with a sub-station on the property has been energized through the electrical utility, NorthWestern Energy.

The Uncle Sam Mine is also located in the Tobacco Root Mountains 6 miles to the east of the Tamarack Mine and Mills.  Detailed geophysical, geochemical and geological surveys have extended the previous workings to cover a gold/graphite bearing structure over 8,000 feet long.  This investigation also identified the presence of other lode gold occurrences associated with the known mineralized Uncle Sam fault zone which has a true thickness of about sixty (60) feet or about 18.3 metres. All previous mining has occurred at the hanging wall of the Uncle Sam fault over a width of three (3) to ten (10) feet or 1 to 3 metres.  Management has reviewed this report and press release with the company's consultant, Phil A. Brown, P.Geo, who is the designated qualified person for the property.

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. This past producing property is host to copper-zinc-cobalt "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. 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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