And here is ANOTHER NR! Will wonders never cease?
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MILLSTREAM MINES LTD.
29,608,043 shares issued
CANADIAN DEALING NETWORK SYMBOL: MLSM
FEBRUARY 9, 2000
Millstream Mines Ltd.: News Release
TORONTO, ONTARIO--Millstream Mines Ltd. announces it has obtained
funding commitments to satisfy its option obligations (PR Jan. 25,
2000) to purchase a block of 3 claims (locally called "Potterdoal
Plunge Property") that abut the west side of the claim unit on
which the Potterdoal Mine (past producer) shaft is located.
Millstream has signed an agreement with Orogrande Resources Inc.
(CDN-X; ORG) in which ORG can earn a 49% interest by supplying
funding of $400,000 over the next two years, making cash payments
of $30,000 and issuing 100,000 common shares to Millstream.
The 3 claims are located north of Millstream's Potter Property and
regional geology indicates they may be situated on the northern
limb of a syncline with the Potter situated on the southern limb.
Recent geophysics investigated and delivered chargeability and
resistivity signatures associated with a target horizon generally
characterized as hosting disseminated to massive sulphides.
Diamond drilling done in the past on the property and abutting
claims indicated a westerly trending mineralization which the
current geophysics supports. Previous past drill intersections, as
reported by Granges Exploration Ltd., intersected 7.7% Copper in
Hole 92-09 over a 0.6 meter downhole section and 3.33% Zinc in
hole 92-08 over a 2.3 metre downhole section. The planned
exploration program is to drill test at various depths the
identified favourable sulphide I.P. anomalies.
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 PLEASE CONTACT:
Millstream Mines Ltd.
Mr. Ernest Harrison, EM
Mr. Marty Martinello, B.A.
705-474-7282
705-474-5491 (FAX)
or
Mr. Peter H. Brodie Brown
Mr. Robert Chase, B.A.
416-368-9595
416-368-0584 (FAX)
Email: mlsm@passport.ca
Website: www.millstreammines.com
No regulatory authority or similar body approved nor disapproved
the information contained herein.
INDUSTRY: MNG
SUBJECT: NWS
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