Here is a copy of the latest news from Millstream. It is also attached as a
word doc.
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: Sept. 28, 1999
NEWS RELEASE
POTTER MINE PROPERTY,TIMMINS-MATHESON AREA,ONTARIO
BLUE SKY GEOPHYSIC TARGETS TO BE DRILL TESTED
Millstream's President, Ernest Harrison is pleased to announce that the
Hunter Dickinson Group Inc., through the Potter Exploration Limited
Partnership, will proceed to raise $3.0 million for the implementation of
the next (2nd) stage in the previously announced $4.0 million Exploration
Phase. The balance of the financing ($3.0 million), when coupled with the
initial stage would complete the $4.0 million Phase approved exploration
Plan in the Millstream/Hunter Dickinson Group Inc. Agreement.
This 2nd stage is to drill test the identified favourable geophysic targets
with the objective of greatly increasing the potential resource tonnage of
the Potter Property.
East Geophysics Target (Blue Sky) to be drilled
Geophysics and Quantec completed Real Section I.P. surveys have identified
(400 to 800 meters East of the past mine shaft) a large favourable
exploration target having a similar signature to that of the massive
sulphide (MASU) mineralized mine area. A volcanic vent (feeder) has been
discovered lying between the MASU mineralized mine area and this Blue Sky
target. The significance and excitement being that upon a successful
intersection of MASU mineralization in the Blue Sky target with the
location of the volcanic vent, the Property potential could take a quantum
upward move. Additionally, it would elevate the degree of confidence in
Quantec's Real-Section I.P. and Downhole 3D TEM Borehole I.P. surveys
relating to other favourable geophysics targets on the Potter Mine Property.
The Hunter Dickinson Group Inc., as Trustee for the HDG Master Trust, is
the General Partner and manager of the HDG Potter Exploration Limited
Partnership. The directors and officers of the General Partner are Robert
G. Hunter, Robert A. Dickinson, Jeffery R. Mason, David J. Copeland, Scott
D. Cousens, David S. Jennings and Ronald A. Thiessen. Robert G. Hunter is
Chairman, Robert A. Dickinson is CEO and President and Jeffery R. Mason is
CFO and Secretary in addition to being Directors. All of the directors,
except for David J. Copeland and Ronald A. Thiessen, are employed by Hunter
Dickinson Inc., a company providing management and administrative services
to publicly traded companies.
A meeting held in Vancouver from September 7 to 10/99 between the majority
of the Hunter Dickinson Group Inc. directors and Millstream's President
reviewed the results of the initial exploration stage (geology and
definition diamond drilling, referred to in Press Release August 18/99) and
the funding achievements to date.
It was agreed to proceed to the next stage with Hunter Dickinson organizing
a revised financing Offering Memorandum and Millstream to direct site
activities.
Hunter Dickinson Group Inc., reports the recent preliminary diamond
drilling has conclusively proven that the Potter deposit (past mine area)
has strong potential with systematic delineation drilling to become a
significant copper-zinc-cobalt-silver (MASU) deposit. To-date the deep
drilling has intersected (MASU) to a vertical depth of 3,000 feet from
surface. Diamond drill testing of the other favourable targets is now a
priority.
Millstream Management appreciates the "need to know" position of its
shareholders and the general public. This Press Release could not be
issued until confirmation of the factual matters from Hunter Dickinson
Group Inc., had been received. The shareholders are further encouraged
to continue expressing and documenting their comments and concerns to
management.
The principal objective of Millstream Mines Ltd. is to enhance and develop
known mineral properties to production potential.
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For further information contact:
Mr. Ernest Harrison, EM Phone: 705-474-7282
Mr. Marty Martinello, B.A. Fax: 705-474-5491
or
Mr. Peter H. Brodie Brown Phone: 416-368-9595
Mr. Robert Chase, B.A. Fax: 416-368-0584
Email: mlsm@passport.ca
Website: www.millstreammines.com
No regulatory authority or similar body approved nor disapproved the
information contained herein.
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