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Gold/Mining/Energy : Millstream Mines (MLSM)

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To: Brumell who wrote (161)7/22/1999 11:01:00 AM
From: Brumell  Read Replies (2) of 664
 
A Correction.

Yesterday in post #158 I stated they will have 5 drills on property. That statement is incorrect. It was based on the belief that 3 drills were on the property as per their news release and two were to be added.

At this point, they have 2 heavy rigs engaged in deep drilling. The third drill has been moved on site but has not yet started drilling. A fourth will be called up when required. The total will be four.

The holdup has been caused by Geophysical surveys which are taking longer than estimated. My impression is they are frustrated by holdups but don't want to waste money. This revised news is from a phone call this morning to MLSM's North Bay office.

FWIW I've found them good to deal with and as open as can be expected from a company at this stage of exploration. Unfortunately, things never go in a straight line but then we should all know that. This is mining exploration.

Bob
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