Millstream Mines Ltd.
TSX VENTURE : MLM

Millstream Mines Ltd.

May 17, 2006 09:55 ET

Millstream's Airport East Property Shows Promise

TORONTO, ONTARIO--(CCNMatthews - May 17, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) wishes to announce, based on review of dated material, the Company carried out a preliminary ground investigation of its Airport East Property. The site targeted is in the vicinity of a past copper geochemical anomaly over which an airborne E.M. was flown in the late 1980's detecting strong conductors. Known excavated trenches were visited and a representative sample from the blasted rock was taken by the Company's consultant Phil A. Brown, P. Geo., QP per NI 43-101 for the property. The sample was sent to Swastika Laboratories Ltd. for assay and returned values of 3.977 g/tonne gold, 0.86% copper along with detectable amounts of nickel and platinum.

Based on these encouraging results the Company will design a program to establish a surface control grid over the area with a line spacing of 25 metres, to map in detail the surface geology, to perform a geochemical survey to ground position additional copper anomalies and to carry out an E.M. survey to ground locate the strong airborne indicated conductors. Based on the analysis and interpretation of the above work, a diamond drilling program will be structured to test the identified conductors.

The Airport East Property is located in the Falconbridge and Street Townships, Sudbury Mining District, Northern Ontario, Canada. It consists of 127 mining claim units which abut the east boundary of the Company's Airport Property. Millstream retains a 100% undivided interest in the Airport East Property.

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

45,648,710 SHARES ISSUED

May 16, 2006 Close: $0.17

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
    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)
    info@millstreammines.com
    www.millstreammines.com