from millstreams website:
"Millstream has acquired 100% of the Tamarack, lode gold bearing, Property and its associated assets. The Property is located in the south western part of the State of Montana, U.S.A. near the town of Sheridan.
Millstream has purchased its 100% undivided interest with cash payments of U.S. $476,500. Additionally, Millstream has supplied all the funding needed to advance the Tamarack Property to the stage of production that now exists. Millstream will receive 100% of all net revenues from the Tamarack Property going forward outside of a small 0.5% NSR on the gold output alone. "
"All of this current work is in a relatively unrecorded and unexplored underground area of the property. The ground magnetic geophysics surveys in 2008 over the property identified six (6) potential targets. The underground decline and branch drifts are working in and around the smallest identified magnetic target with encouraging results.
During the above periods the mill was refurbished with the anticipated capability to treat 100 tons per day, but in actual operating mode is limited to 60 tons per day. The tailings pond was completed with environmental approval and a reclamation bond posted. The mill completed the tune-up phase and commenced processing underground and surface stockpile material on a single shift averaging throughput of 20 tons per day with gold recoveries ranging from mid 80% to mid 90%. The surface stockpile material assayed 0.30 to 0.40 gold oz/ton. Considerable dilution occurred due to the stockpile area and the primary crushing facility not being covered and being exposed to adverse weather conditions which also impeded continual processing.
Currently, the underground work and the milling operations are suspended until further funding has been raised. Minor metallurgical test work is being carried out to facilitate the gold winning from the concentrates produced from the gravity table and the flotation circuit.
The Company has designed an initial work program to up-grade the mine plant to process 100 tons per day upon completion. The program as designed will enhance the control of the mined material such that the gold grade dilution factor will be greatly eliminated. Furthermore, the primary crushing, the ball mills, gravity and flotation recovery systems will all be more efficient resulting in maximum gold recovery. During the surface up-grade activities the underground mine works will establish a secondary mine exit per the requirements of MSHA; rock bolt and shotcrete selected areas and advance the workings producing stockpiled material as future feed for milling. Upon the completion of the initial work program the operations will be put on a three shift per day basis and process 100 tons per day, five days per week.
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