Canadian Venture Exchange Inc.

Symbol MLM

Millstream Mines Ltd.

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

Fax: (416) 368-6827

38,832,043 SHARES ISSUED

 

 

 

FOR IMMEDIATE RELEASE

Date: Mar. 5, 2004

Mar. 4, 2004 Close: $0.10

 

MILLSTREAM’S UPDATE OF ITS AIRPORT PROPERTY 

 

Toronto, Ontario – Millstream wishes to announce that it has approved Crowflight Minerals Inc.’s (50% JV Partner) proposed program of an Airborne EM survey (Megatem II) by Fugro Airborne Surveys to corroborate existing geophysical induced polarization (I.P.) targets established by Millstream and define other conductive zones of potentially associated Ni-Cu-PGM mineralization.

 

Crowflight’s reported surface geological mapping of the Sudbury Breccia (SB) zones in the Northern half of the Airport Property reveals SB trends 100 to 150 metres in width. An approximately 3 km long trend runs North-South and an approximate 1.5 km long trend runs Northeast branching off the North-South trend. The completed I.P./resistivity survey and diamond drilling confirm the downward extension of the SB. (PR Jan. 28, 04).

 

Millstream’s consultant, John Gingerich, P Geo., in his opinion, states that, “While there is some potential for offset-dyke style mineralization, the primary exploration focus is footwall type targets.  The footwall mineralization is typically of the highest grades in the Sudbury camp and in some cases has net smelter returns (NSR’s) greater than $1000/t. Given the high grade nature, a lens of only 50x100x20 metres can be economic in the upper 500 metres. The exploration guides to finding these types of targets have been to identify pathfinders to mineralizing events and use geophysical resistivity methods to find the typically much larger associated stringer and disseminated sulphide zones.  For deeper targets these zones are drill tested and then borehole EM programs are then used to help identify where the higher conductive aspects are located.  The intent is that the MEGATEM II program will help prioritize the known targets and potentially define others in areas not covered by previous work.”

 

Based on the results of the EM Megatem II survey, the next follow-up programs will be designed.

 

The Airport Property is located in the Sudbury Mining District, Ontario, Canada, just outside the east rim of the Sudbury Basin on the southeast horn of the Basin; and 1.2 Km east of Falconbridge Ltd.’s past producer, Norduna Mines, and 4 Km southeast of Falconbridge’s recent (Nickel Rim South) hi-grade Cu-Ni-Co-PGM discovery near to their past producer, Nickel Rim Mine (FL P.R. April 16, 2002, “the hi-grade intersection has a gross value of CDN$2,000/tonne”).

 

Millstream would also like to remind the interested public of its website location @ www.millstreammines.com.

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.

 

 

 

 

 

 

 

 

 

 

 

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.