Millstream Mines Ltd.
TSX VENTURE : MLM

Millstream Mines Ltd.

February 02, 2006 14:09 ET

Millstream Expands Property Position In Madison County

TORONTO, ONTARIO--(CCNMatthews - Feb. 2, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) is pleased to announce it has extended its Madison County, Montana, Tamarack property land position to investigate indicated base mineralization. An initial surface grab sample returned assays of 1.71% copper, 21.41% lead, with 0.17 ozs per ton (opt) gold and 8.78 opt silver. The assays appear to confirm Dr. Cam Cheriton's and Phil A. Brown's, P.Geo., (both qualified persons per NI43-101) opinion that the presence of base minerals in the area will enhance the exploration potential of Millstream's Tamarack property (See MLM PR Dec 20, 2004) Millstream intends to follow up with channel sampling and further assays of this geological discovery.

H. Robert Burger III, in his report submitted to the State of Montana, Bureau of Mines and Geology titled, "Bedrock Geology of the Sheridan District, Madison County, Montana" states, "the Tamarack ore bodies occupy replacement zones within marble layers adjacent to intrusive masses" (See MLM PR Dec 20, 2004). Management observes a similarity of deposit types on the Tamarack to that being reported by Coronado Resources Ltd. (CRN; TSX-V; see PR Jan 26, 2006).

The Tamarack property is a former producing high-grade gold operator in the foothills of the Tobacco Root Mountains, Madison County, Montana. The property is accessible year round, 4 miles from the town of Sheridan.

Norris Lab Inc. of Montana, USA completed the lab work of the above referenced grab sample.

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

WARNING: The company relies upon litigation protection for "forward-looking" statements.

42,182,043 SHARES ISSUED

Feb. 1, 2006 Close: $0.19

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)
    info@millstreammines.com
    www.millstreammines.com