Canadian Venture Exchange Inc.

Symbol MLM

Millstream Mines Ltd.

4 King St. W. Suite 1320            Toronto, Ontario, M5H 1B6      Tel: (416) 368-9595

Fax: (416) 368-6827

40,132,043 SHARES ISSUED

 

 

 

FOR IMMEDIATE RELEASE

Date: Mar.10, 2005

Mar. 9, 2005 Close: $0.065

 

DRILL HOLE M003 CONFIRMS PRESENCE

OF SUDBURY GEOCHEMICAL SIGNATURE

 

Toronto, Ontario -- Millstream Mines Ltd.’s (MLM - TSX-V) Consultant Phil Brown, P. Geo., Qualified Person (Q.P.) for the Airport Property, reports core assays of drill hole M003 confirm the presence of Sudbury Geochemical Signature and logging identifies numerous zones of Sudbury Breccia; the thickest and most consistent of which measuring 34.5 metres of core length from a section 349.20 to 383.71 metres downhole. The hole appears to be in a footwall environment, 1.2 km. east of Falconbridge’s past producer, the Norduna Mine. A strong off-hole anomaly, as stated in further detail below, was detected by an in-hole E.M. survey in this environment.

 

During 2004, an airborne (MegaTEM II) geophysical survey was flown over the entire property. Some shallow (less than 300 metre depths) Electromagnetic (EM) geophysical anomalies were detected and corroborated by the previous deep penetrating (500 to 600 metre depths) I.P. Resistivity/Chargeability survey done in 2003. In August of 2004, Millstream with its 50:50 joint venture partner, Crowflight Minerals Inc., increased eastward the Airport Property land mass from 47 mining claim units to 174 contiguous claim units (see P.R. Aug. 05, 2004).

 

Two diamond drill holes were drilled in the Line 4S area of the property to test the extremely high chargeability-low resistivity I.P. detected anomaly. Hole M003 (collared at 780E, Line 4+04S, Azimuth 242, Dip –55) was completed to a borehole depth of 620 metres. An In-Hole (E.M.) survey detected a strong Off-Hole anomaly 60 metres north of the drill hole at 560 metres downhole depth. Hole M004 (collared at 731E, Line 5S, Azimuth 270, Dip –71) was completed to a borehole depth of 647 metres to investigate this significant anomaly. The primary objective of hole M004 was to define the anomaly’s configuration for the positioning of another drill hole to target the anomaly. Drill hole AP05-M03 (collared at 600E, Line 4+20S, Azimuth 240, Dip –70), presently being drilled, is targeted to intersect the Off-hole anomaly.

 

Consultant Phil A. Brown, P.Geo., Q.P., upon closer examination of the geophysical data on the south-east section of the property reports that a cluster of airborne EM anomalies appear to be related to magnetic features conforming to the edge of the Sudbury Basin. In 1987, Goldteck Mines carried out line cutting and ground surveys in this area whereby Phil Brown acted as supervising geologist. Phil has been able to tie this work into Millstream’s present surface grid making available results from ground magnetics, geological mapping, soil samplings, VLF and self-potential surveys over a large area of Millstream’s present land holdings. Phil Brown, on the basis of this above study, recommended the drilling of 2 shallow holes (AP05-M01 and AP05-M02) to ascertain lithology.

 

The Airport Property is located just outside the east rim of the Sudbury Basin on the southeast horn of the Basin; and 1.2 Km east of Falconbridge’s past producer, the Norduna Mine, as previously stated, and 4 Km southeast of Falconbridge’s recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery (13.2 million tonnes @ 3.5% Cu, 1.7% Ni, 0.8 g/t Au, 4.1 g/t PGM)  which is also located  in the vicinity of a past producer, the Nickel Rim Mine.

 

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

 

Millstream, further wishes to announce and remind the interested public of its web site location,

WWW.MILLSTREAMMINES.COM.

 

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

 

For further information contact:

 

Mr. Ernest Harrison, EM, CEO       Mr. Marty Martinello, B.A., V.P.

Phone: 705-474-7282

Fax: 705-474-5491

 

Mr. Robert Chase, B.A., CFO

 

Phone:416-368-9595

Fax:  416-368-6827

 

Email: info@millstreammines.com Web:www.millstreammines.com

 

 

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