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FOR: MILLSTREAM MINES LTD.
27,292,376 shares issued
CANADIAN DEALING NETWORK SYMBOL: MLSM
MARCH 25, 1999
Millstream Mines Ltd. - Surface Drill Hole S99-01A
TORONTO, ONTARIO--
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MASSIVE Cu-Zn-Co SULPHIDE ZONES CONFIRM DOWNWARD
EXTENSION - SURFACE TO 3000 FT. DEPTH
7.82 meters (25.66 ft.) intersection (at 3000 ft. vert.
depth) returned assays of 1.96 percent Cu., 3.18 percent
Zn, 0.085 percent Co and 0.53 oz. Ag.
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Millstream Mines Ltd. is pleased to announce the significance of
the hit in its latest drill hole S99-01A on its Potter Mine
Property. Consultant geologist David Gamble states:
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"the significance and success of this drill hole clearly
demonstrates the VMS mine hosting stratigraphic sequence
and accompanying massive sulphide mineralization is drill
confirmed at 3000 ft. vertically from surface, 1900
vertical ft. beneath the former mine workings and to date
remains open down dip and down plunge": and
/T/
Consultant, Dr. Harold A. Gibson, associate professor, Ore Deposit
Geology and Physical Volcanology, Laurentian University, Sudbury,
states,
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"the significance of this hit can be expressed in three
words - continuity, predictability and width".
/T/
Hole S99-01A
------------
Hole S99-01A (17+60W, 975S, Az345, dip-60) was targeted to test
the downward continuity of the Cu-Zn-Co sulphide mineralized mine
horizon at 1000 ft. below the previously drilled massive sulphide
(MASU) intersections. The mineralized mine sequence was
intersected downhole from 1131 meters (3711 ft.) to the bottom of
the hole at 1193 meters (3914 ft.) for an overall downhole length
of 62 meters (203ft.) containing four (4) massive Cu-Zn-Co
sulphide intervals.
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4th. Interval Core Length Cu Zn Co Ag.
Meters (M) (Ft.) (percent (percent(percent
T) T) T) oz/T
----------------------------------------------------------
1171.9 - 1179.72 7.82 25.66 1.96 3.18 0.085 0.53
Incl.
-----
1171.9 - 1176.40 4.50 14.76 1.98 4.55 0.098 0.61
1171.9 - 1175.2 3.30 10.83 2.19 5.96 0.116 0.71
(highest single assay: Cu at 4.13 percent, Zn at 7.78
percent, Co at 0.160 percent,)
3rd. Interval Core Length Cu Zn Co Ag
Meters (M) (Ft.) (percent(percent(percent oz/T
T) T) T)
-------------------------------------------------------------
1165.2 - 1166.2 1.00 3.28 1.26 1.18 0.036 0.29
2nd. Interval Core Length Cu Zn Co Ag
Meters (M) (Ft.) (percent(percent(percent oz/T
T) T) T)
-------------------------------------------------------------
1161.0 - 1162.0 1.00 3.28 1.71 0.46 0.037 0.34
1st. Interval Core Length Cu Zn Co Ag
Meters (M) (Ft.) (percent (percent (percent oz/T
T) T) T)
-------------------------------------------------------------
1158.4 - 1159.95 1.55 5.09 2.11 1.40 0.093 0.50
All assays obtained from Swastika Labs.
/T/
Dr. Gibson's and David Gamble's statements support Yorkton
Securities previous report (May 5, 1998) "the deep drilling
program at Millstream's Potter Mine represents one of the most
promising current base metal exploration project in Canada. The
drill intercepts beneath the former mine workings have been
exceptionally high grade". Yorkton's report was based on the MASU
intersections of holes S97-08A, S97-09 and S98-01. Subsequently,
Millstream has successfully intersected MASU intervals in three
additional deep drill holes; S98-05, S98-06 and S99-01A, which is
a testament to Yorkton's forecast as illustrated in the table
below.
/T/
SUMMARY: Vertical depth of MASU zone intersections
Drill MASU Interval Vertical Depth
Hole Core Length (1)
(No.) (M) (Ft.) (M) (Ft.)
S97-08A 5.40 17.70 425.8 1397.2
S98-05 12.30 40.36 444.7 1459.2
S97-09 22.90 75.13 533.5 1750.4
S98-06 26.76 87.80 578.1 1896.1
S98-01 7.75 25.40 605.4 1986.2
S99-01A 7.82 25.66 914.0 2998.8
----------------------------------------------------
Total 82.93 272.05
(1) Vertical depth from surface to mid pierce point of the
MASU zone intersection
Mathematical average MASU interval of above = 13.82 m
or 45.34 ft.
Deep Drilling Program Results - Highlights of Phase 1
-----------------------------------------------------
From To Core Length Cu Zinc Co Silver
Hole No. metres metres (M) (FT) (Percent(Percent(T (oz/T)
T) T) Percent)
S97-08A 482.40 483.90 1.50 8.53 3.62 3.19 0.136 0.86
491.86 494.40 2.54 8.33 2.33 9.09 0.073 1.08
504.20 506.20 2.00 6.56 6.00 4.37 0.082 1.91
537.40 543.70 6.30 20.90 2.32 3.14 0.000 0.12
S97-09 604.60 627.50 22.90 75.13 2.65 2.70 0.080 0.76
including 613.60 623.00 9.40 30.84 3.86 4.57 0.128 1.153
S98-01 695.15 702.90 7.75 25.40 5.34 3.24 0.067 1.16
including 695.15 700.40 5.25 17.20 7.81 4.76 0.096 1.69
773.50 776.50 3.00 9.80 2.17 3.90 0.047 0.45
including 774.35 776.50 2.15 7.10 2.95 5.42 0.053 0.61
S98-05 420.12 423.75 3.63 11.90 2.69 0.29 0.079 0.49
507.40 519.70 12.30 40.40 1.53 2.05 0.131 0.42
including 513.00 519.70 6.70 22.00 2.14 2.47 0.174 0.58
515.00 519.70 4.70 15.40 2.54 3.38 0.168 0.70
516.00 519.70 3.70 12.10 2.75 3.74 0.165 0.73
S98-06 653.90 680.66 26.76 87.80 2.57 1.68 0.082 0.61
including 653.96 665.50 11.60 38.06 4.34 2.18 0.122 0.94
656.90 663.49 9.59 31.46 5.01 2.63 0.131 1.09
696.62 705.30 8.58 26.48 3.39 0.80 0.071 0.67
including 696.62 703.00 6.38 20.93 4.46 1.06 0.094 0.89
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Millstream, further wishes to announce and remind the interested
public of its web site location, WWW.MILLSTREAMMINES.COM.
The principle objective of Millstream Mines Ltd. is to enhance and
develop known mineral properties to production potential.
Millstream holds mineral claims or interests, directly or through
wholly owned subsidiaries in Canada, USA, and the Czech Republic. |
