At last!!! Some news.
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The following is the latest news from the Potter Property.
Canadian Dealing Network Millstream Mines Ltd.
Symbol - MLSM 44 Victoria St. Suite 2001 Toronto,
Ontario
Tel: (416) 368-9595
29,608,043 shares issued Fax: (416) 368-0584
FOR IMMEDIATE RELEASE Date: Aug. 18, 1999
PRESS RELEASE
POTTER MINE PROPERTY, TIMMINS-MATHESON AREA, ONTARIO
MASSIVE SULPHIDE ZONE EXTENDED @ 3000 FT. DEPTH
CURRENT EXPLORATION STATUS & ASSAYS
Ernest Harrison, President of Millstream Mines Ltd., is pleased to announce
that consultant geologists, David Gamble and Jim Oliver have concluded
based on current deep drilling results that the sulphide hit in hole
S99-01A appears to extend significantly both East and West. To date only
four (4) deep difficult diamond drill holes have been completed under the
agreement and participation with the Hunter Dickinson Group (HDG) of the
total 15 deep holes.
Three holes S99-02, S99-03 and S99-05 were drilled to test the East and
West extension of the Cu-Zn-Co Massive Sulphide intersection in hole
S99-01A (press release March 25/99) for a combined strike length of 145
meters (476ft.). All drill holes intersected the mineralized (envelope)
stratigraphic horizon containing stringers, minor and semi-massive matrix
replacement Cu-Zn-Co sulphides and were stopped at a fault plane due to
drilling problems. The 3D TEM Borehole I.P. survey in hole S99-05 as
reported by Quantec Consulting Inc. "indicate a strong and probable large
area conductor located beyond the end of the hole". This conforms with the
findings from their previous Real-Section I.P. geophysics in this area and
the 3D TEM Borehole I.P. surveys done in S99-01A and S99-02. It is proposed
that future drilling in this area be done from North to South to alleviate
some of the drilling problems.
HOLE S99-01A sulphide core interval
1171.9m to 1179.72m =7.82m(25.66ft.)@ 1.96%Cu, 3.18%Zn, 0.085%Co
[highest single assays:@4.13%Cu, 7.78%Zn, 0.160%Co]
HOLE S99-05 sulphide core interval at the bottom of the hole
1172.39m to 1176.8m =4.41m(14.47ft.)@ 1.34%Cu, 1.57%Zn, 0.065%Co
[highest single assays:@3.06%Cu, 2.90%Zn, 0.065%Co]
The results support consultants David Gamble's and Dr. Harold A. Gibson's
(press release of March 25/99) previous statements of "continuity,
predictability and width". The mineralized envelope has tremendous
continuity, over 3000 ft. of vertical continuity and has not diminished in
width with depth. The system appears to be every bit as vigorous at depth
as it is at surface, and it is reasonable to assume that it will continue
with depth.
The 4th. drill hole S99-04 was drilled to test the downward extension of
the Cu-Zn-Co Massive Sulphide intersection of hole S98-06 (press release
August 04/98) at 100 vertical meters (328ft.) below. The drill hole
intersected the favourable wide mineralized (envelope) stratigraphic
horizon containing stringers and local sections of matrix replacement
Cu-Zn-Co sulphides and massive sulphides. The hole was stopped due to
drilling problems.
SUMMARY PROGRESS
With the participation of the Hunter Dickinson Group (HDG) the following
has occurred to date: four (4) diamond drill holes were completed totaling
1,444 meters of drilling including the placement of a total of 14 steel
wedges for directional control. Only two (2) drills were used with the
third (3rd.) kept on standby and never started; detailed surface geological
mapping; aerial photo control survey; ground survey tying in the
underground and diamond drill collars into the surface grid; a 100km of
Quantec Real-Section I.P. geophysics survey as in-fill lines; Quantec
downhole 3D TEM Borehole I.P. survey of four drill holes; a controlled core
storage farm established; implemented an assaying quality control system
utilizing two separate labs (Chemex and Swastika) and the insert of known
assay standards into the assay samples; geotechnical logging of all drill
core consisting of RQD analyses, specific gravity and archiving digital
photographs of all core; digital compilation of all geological information;
production of seven (7) detailed geological vertical cross sections
(surface to 3,000 ft. depth) covering a horizontal spacing of 360 meters
(1181 ft.) within the vicinity of the past mine area and respectively six
(6) horizontal level plans at intervals of 100m, 300m, 420m, 520m, 700m and
900m depths below surface. HDG has interrupted the approved exploration
Plan, including the suspension of diamond drilling, to allow completion of
the compilation of their detailed vertical cross sections and respective
level plans.
SUMMARY DIAMOND DRILL HOLES
HOLE S99-02 (branch wedged to the east off hole S99-01A) was targeted to
test the East extension of the Cu-Zn-Co Massive Sulphide (MASU)
intersection of hole S99-01A at a 70 meter (230ft.) horizontal step-out.
The Cu-Zn-Co-Po mineralized stratigraphic horizon was intersected at a
downhole interval from 973.3m to 1075.6m (102.3m or 356ft.) containing
stringers and matrix replacement sulphides over a cumulative total of 59.6
meters (196ft.) of core length having small (.35m to 1m) core lengths
assaying as high as 2.52% copper and 2.2% zinc. The mineralization appears
to be an eastern lateral low grade halo to the MASU in hole S99-01A.
HOLE S99-03 (branch wedged to the west off hole S99-01A) was targeted to
test the West extension of the Cu-Zn-Co MASU intersection of hole S99-01A
at a 75 meter (246ft.) horizontal step-out. The Cu-Zn-Co-Po mineralized
stratigraphic horizon was intersected at a downhole interval from 1032.4m
to 1184m (151.6m or 497ft.) containing stringers and local sections of
semi-massive matrix replacement sulphides and minor massive sulphides over
a cumulative total of 58.12 meters (191ft.) of core length having small
(.73m to 1m) core lengths assaying as high as 1.51% copper and 1.37% zinc.
The mineralization appears to be a western lateral low grade halo to the
MASU in hole S99-01A.
HOLE S99-05 (branch wedged to the east off hole S99-03) was targeted to
also test the West extension of the Cu-Zn-Co MASU intersection of hole
S99-01A between holes S99-01A and S99-03 at a 50 meter (164ft.) horizontal
step-out from S99-01A. The Cu-Zn-Co-Po mineralized stratigraphic horizon
was intersected at a downhole interval from 1026m to 1176.8m (150.8m or
495ft.) containing stringers and local sections of semi-massive matrix
replacement sulphides and minor massive sulphides over a cumulative total
of 23.29 meters (76ft.) of core length. At the bottom of the hole the
sulphide interval from 1172.39m to 1176.8m includes interval 1172.39m to
1175.0m (core length of 2.71m or 8.89ft.) with assays of 1.58% copper,
1.94% zinc, and 0.043% cobalt.
HOLE S99-04 (branch wedged downward off hole S98-06) was targeted to test
the downward continuity of the Cu-Zn-Co MASU intersection of hole S98-06
(press release August 04, 1998) at a 100 vertical meters (328ft.) below.
The Cu-Zn-Co-Po mineralized stratigraphic horizon was intersected at a
downhole interval from 441.55m to 593m (151.45m or 497ft.) containing
stringers and local sections of matrix replacement sulphides and massive
sulphides over a cumulative total of 23.29 meters (76ft.) of core length
having small (0.5m to 1m) core lengths assaying as high as 1.84% copper and
2.27% zinc. The hole was still within the mineralized envelope when it was
stopped.
The principle objective of Millstream Mines Ltd. is to enhance and develop
known mineral properties to production potential. |
