Millstream Mines Ltd.

Millstream Mines Ltd.

December 07, 2006 09:00 ET

Millstream Reaches Target Area at Tamarack Gold Property

TORONTO, ONTARIO--(CCNMatthews - Dec. 7, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) wishes to report the latest progress at its Tamarack gold Property, in Montana, USA. Bearing in mind the recent listing of Millstream on the Frankfurt Exchange (symbol: NJD) this press release is a re-issue of the Dec. 6, 06 release under the same heading but has been converted to metric measures.

Millstream has advanced the decline into the targeted mineralized area as indicated by drill holes DDH 04-01 and TR-2 (see PR Oct. 31, 2006 and chart below) in order to access and further delineate the ore production potential from this discovered gold bearing structure. To be precise, the decline has reached the area just north of DDH 04-01 at the 53.3 metre (m) marker. In relation to the first interval reported in DDH 04-01 (from 22.25 m to 23.77 m downhole) the decline is in elevation immediately located above this intersection ie. at this point the interval is dipping below the decline. Dust samples will be collected from percussion drilling into the back, walls and sill in order expand the dimensions of the mineralized zone.

Sampling results in the mineralized area are as follows:

A sample of the right wall located 44.5 m down the decline assayed Au 17.38 grams per ton (g/t) and Ag 22.07 g/t over a .366 m channel.

A sample of the right wall located 50.59 m down the decline carried a weighted average assay of Au 3.97 g/t and Ag 3.62 g/t over a 2.95 m channel. Included within this average was a sample assaying Au 8.83 g/t and Ag 1.38 g/t over a 1.19 m channel.

Samples of the right and left wall located between 51.81 m and 53.34 m down the decline carried a weighted average value of Au 8.97 g/t and Ag 2.76 g/t over panels on each wall of 1.52 m by 2.74 m.

A representative bulk sample of the surface stock pile from the mineralized zone (approx. 200 tons) carried an assay value of Au 10.28 g/t and Ag 3.45 g/t.

Millstream continues to advance the decline and stockpile the mineralized material on surface in an effort to secure the necessary amount of mill feed needed to commence mill operations.

Previously released assay results from holes drilled into the target area are as follows:

Drill Hole No. Down hole
Interval (m) Width (m) Gold Assay (g/t)

TR-2 15.24 to 45.72 30.48 8.41
Including 21.33 to 27.43 6.1 33.62
Including 32 to 35.05 3.05 4.24

DDH 04-01 22.25 to 23.77 1.52 11.65
Including 22.25 to 22.55 .3 36.55
31.08 to 33.83 2.75 12.41

The Tamarack Property is a high grade, former gold producer in the Tobacco Root Mountains, Madison County, Montana consisting of six (6) patented claims and a further unpatented claim block tying in all claims and making them contiguous. The Tamarack Property is accessible year round, 4 miles from the town of Sheridan, on a maintained gravel road.

Management has reviewed this report and press release with the company's consultant Phil A. Brown, P.Geo, who is the designated qualified person for the property.

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

45,848,710 SHARES ISSUED

Dec. 6, 2006 Close: $0.18

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

Contact Information

  • Millstream Mines Ltd.
    Mr. Ernest Harrison, EM
    (705) 474-7282
    (705) 474-5491 (FAX)
    Millstream Mines Ltd.
    Mr. Marty Martinello, B.A.
    (705) 474-7282
    (705) 474-5491 (FAX)
    Millstream Mines Ltd.
    Mr. Robert Chase, B.A.
    (416) 368-9595
    (416) 368-6827 (FAX)