Millstream Mines Ltd.
TSX VENTURE : MLM
FRANKFURT : NJD

Millstream Mines Ltd.

March 05, 2007 09:00 ET

15.10% Copper & 14.70% Zinc Intersected by Millstream Within a 7.45 Metre (24.4ft.) Massive Sulphide Core Interval

TORONTO, ONTARIO--(CCNMatthews - March 5, 2007) - Millstream's (TSX VENTURE:MLM)(FRANKFURT:NJD) 3rd diamond drill Hole S-07-02 cut a rich copper and zinc massive sulphide zone, on strike and east of the previous 2 drill holes S-06-01 and S-07-01, on the Potter Property's 2006-07 exploration program. The new intersection continues to extend the massive sulphide (MASU) zones on strike, in depth and correlate with previously reported drill hole intersections. Results of this rich MASU zone along with earlier reported Hole S-06-01 and S-07-01 (PR Feb 14, 2007) are tabulated below:



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Core
Hole No. From To Length Cu Zn Co Ag
(metres) (metres) (%) (%) (%) (oz/T)
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S-07-02
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1st. Interval 478.05 485.5 7.45 3.34 2.34 0.092 1.02
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Including 478.05 483.05 5.00 4.82 3.43 0.191 1.46
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478.05 478.75 0.70 15.10 2.54 0.165 4.61
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479.60 480.0 0.40 1.15 14.70 0.047 0.71
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2nd. Interval 503.20 505.5 2.30 1.18 0.91 0.046 0.38
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S-07-01
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1st. Interval 477.75 505.0 27.25 1.68 2.39 0.011 0.73
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including 486.15 505.0 18.85 2.40 3.28 0.039 1.02
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495.80 505.0 9.20 3.68 5.03 0.052 1.51
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495.80 502.3 6.50 3.70 6.13 0.050 1.46
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2nd. Interval 527.60 530.1 2.50 1.45 3.29 0.054 0.36
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S-06-01
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1st. Interval passed through open mined stope, hit a section of the its
sill (floor)
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388.00 389.2 1.20 4.67 2.41 0.149 0.87
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2nd. Interval 439.90 466.1 26.20 1.57 1.22 0.047 0.47
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including 448.65 466.1 17.45 2.09 1.64 0.049 0.57
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453.50 466.1 12.60 2.26 1.94 0.046 0.61
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459.80 466.1 6.30 2.57 3.07 0.053 0.66
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The dip of the current Hole S-07-02 is --62 degrees with azimuth 000.5 targeted to test the areas further east from the intercepts identified in Holes S-06-01 and S-07-01.

An additional significant sulphide zone was intersected by S-07-02. It is being reviewed and analyzed by management and consultants. It will be reported on with its potential impact in the near future.

Millstream continues drilling to further explore this potentially rich volcanogenic massive sulphide (VMS) type deposit at its Potter property. The Potter Property is located in the highly prolific Abitibi.

Greenstone Belt in the Kidd-Munro Assemblage near the town of Matheson in north eastern Ontario, Canada.

All samples were sent for assay to Swastika Laboratories Ltd. of Ontario, Canada.

Management has reviewed this report and press release with the company's consultant Edward Bettiol, P. Eng, and David Gamble, P. Geo, both are designated qualified persons for the property per NI 43-101.

The principle objective of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential.

50,751,040 SHARES ISSUED

Mar. 02, '07 Close: $0.32

No regulatory authority or similar body approved nor disapproved the information contained herein.

Contact Information

  • Millstream Mines Ltd.
    Mr. Ernest Harrison, EM
    CEO
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A.
    V.P.
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Millstream Mines Ltd.
    Mr. Robert Chase, B.A.
    CFO
    (416) 368-9595
    (416) 368-6827 (FAX)
    Email: info@millstreammines.com
    Website: www.millstreammines.com