OLD STOPE ASSAYS CONFIRMED - MONTANA UNCLE SAM PROPERTY

Date: August 15, 1997

Millstream Mines Ltd. is pleased to announce recent assays taken from the remnants of the old stope workings. These results confirm previous assays released September 9, 1996 and August 7, 1997 and indicate the uniformity of the high grade potential of the Uncle Sam property. Samples taken were a combination of channels (cs), wall chips (wcs), and channel trenches in broken ore (cts).

 

Sample No.

Au(opt)

Ag(opt)

Sample Length(ft.)

Sample Type

223259

1.212

5.7

17.0

cts

223260

1.740

2.43

17.0

cts

223261

0.013

0.09

15.0

cts

223262

0.051

0.10

29.0

cts

223263

0.793

1.22

40.0

cts

223264

0.345

0.59

40.0

cts

223265

0.420

0.48

11.0

cts

223266

0.836

0.75

10.0

cs

223267

0.414

0.64

wcs

223268

0.074

0.15

wcs

223269

0.054

0.22

30.0

cs

223270

1.141

1.67

 

wcs

223271

0.062

0.11

 

wcs

223272

0.114

0.34

15.0

cs

223273

0.031

0.35

25.0

cs

223274

0.714

1.09

 

wcs

223275

0.308

0.54

15.0

cs

223276

0.184

0.67

 

wcs

223277

0.559

0.26

 

wcs

 

Work is continuing to advance the drift to reach virgin ground in the targeted hanging wall vein structure beyond the old stope workings. Negotiations are ongoing to access a mill within trucking distance (11 miles).

 The Property is located in the Tobacco Root Mountains, Madison County, Montana. Detailed geophysical, geochemical and geological surveys have extended the previous workings to cover a gold/graphite bearing structure over 8,000 feet long. The investigation has identified the presence of other lode gold occurrences associated with the known mineralized Uncle Sam fault zone, having a true thickness of about sixty (60) feet. All previous mining has occurred at the hanging wall of the Uncle Sam fault over a width of three (3) to ten (10) feet.

 Millstream has 15,582,425 shares outstanding.

 The principle business of Millstream Mines Ltd. is to enhance and develop known mineral properties to production potential. Millstream holds mineral claims and interests, directly or through wholly owned subsidiaries, in the Czech Republic, USA and Canada.

 

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