Millstream Mines Ltd.
TSX VENTURE : MLM

Millstream Mines Ltd.

December 11, 2006 09:00 ET

Millstream to Commence Drilling the VMS-Potter Property in Timmins, Ontario

TORONTO, ONTARIO--(CCNMatthews - Dec. 11, 2006) - Millstream Mines Ltd. (TSX VENTURE:MLM) and Ernest Harrison, President, are pleased to announce that a drill is being mobilized this week on the Potter Property to commence drilling Thursday, December 14, 2006.

The Millstream Mines Limited property consists of 13 patented mining claims, 12 leased mining claims, and 10 optioned mining claims. The land package of 38 claim units covers 1520 acres or 608 hectares and covers parts of Lots 5 to 9 in Concessions IV and V in north central Munro Township, Larder Lake Mining Division.

Between the years of 1995 to 2001, Millstream conducted many different exploration programs including linecutting, ground geophysical surveys, geological surveys, geochemical orientation surveys and associated petrographic studies, along with surface diamond drilling programs totaling 17,300 metres drilled in 37 holes. The resulting success of this work attracted the attention of Dr. Harold Gibson, associate professor, Ore Deposit Geology and Physical Volcanology, Laurentian University, Sudbury, who stated, after deep hit S99-01A," the significance of this hit can be stated in three words - Continuity, Predictability and Width" (referring to the nature of the Potter mineralization in PR Mar. 25, '99). Consultant Geologist Dave Gamble further summed up the success of this defining intersection by saying," 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" (PR Mar. 25, '99).

The following table outlines the highlights of the past drilling:



From To Core Length Cu Zinc Co Silver
Hole No. metres metres (M) (FT) (%T) (%T) (T%) (oz/T)
---------------------------------------------------------------------
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 0.46
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 8.68 28.48 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

S99-01A 1171.9 1179.72 7.82 25.66 1.96 3.18 0.085 0.53
including 1171.9 1176.4 4.50 14.76 1.98 4.55 0.098 0.61
including 1171.9 1175.2 3.30 10.83 2.19 5.96 0.116 0.71
1165.2 1166.2 1.00 3.28 1.26 1.18 0.036 0.29
1161.0 1162.0 1.00 3.28 1.71 0.46 0.037 0.34
1158.4 1159.95 1.55 5.09 2.11 1.40 0.093 0.50

GOLD ASSAYS NOT INCLUDED; ALL ASSAYS OBTAINED FROM SWASTIKA LABS


The Property is located in the Abitibi Greenstone belt, within the Kidd-Munro sequence of volcanic rocks, one of the most prolific sequences within the belt including the Xstrata Kidd Creek Mine.

Management has elected to continue with consultants Edward Bettiol, P. Eng and David Gamble, P. Geo, both involved in the NI 43-101 report on the Potter Property, to manage and direct the project. Mr. Gamble has elected to structure a program which will commence with a surface diamond drill program to further enhance the area from a vertical depth of 1100 ft. to 1800 ft. below the past mine workings in order to establish an initial resource as per NI-43101.

Management has reviewed this report and press release with the company's consultant Edward Bettiol, P.Eng, who is the designated qualified person per NI-43101 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. 8, 2006 Close: $0.175

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