NML is due its interrim results now, last year it was the 28th of this month.

They are setting up a new site to explore/research/analyse and all the equipment to do this should be on site now, and drilling should start soon, all this extra news should be covered in the interims.

does anyone have any further positive views on this company ??

Apparently a K trade 'basically its a large trade agreed off market, could be up to 4 days old.' Answer courtesy of Bullshare.

They must be bonkers is all I have to say!

Dynamite,

Well that would depend on their reason for the sale, and their buy price of course.

In order to sell such a quantity, it's not unheard of to have to offer a discount, particulrly as this seems to have been an agreed buy/sell off market.

New Millennium Resources Ltd
17 May 2005


NEW MILLENNIUM RESOURCES LIMITED

JV Partner HUDSON INTERSECTS KIMBERLITE AT GARNET LAKE, WEST GREENLAND



New Millennium Resources Limited ('New Millennium') (NML) in association with
its joint venture partner Hudson Resources Inc of Canada is pleased to announce
that Kimberlite was intersected at 18 of the 19 holes drilled in the spring
drilling programme on its Garnet Lake kimberlite in Greenland.

Hudson Resources President Mr James Tuer made the following release to the TSX
Ventures exchange:

Vancouver, BC - May 16, 2005 - HUDSON RESOURCES INC. ('Hudson' - TSX Venture
Exchange 'HUD') is pleased to announce the completion of the spring drill
program in West Greenland. The Company completed approximately 1,450 m of core
drilling over 19 holes. Kimberlite was intersected in each of the first 18
holes. The last hole proved to be a prospective sulphide target. Significantly,
kimberlite was intersected coincident to the 2004 Garnet Lake kimberlite find
which generated 151 diamonds in a 108 kg sample and of which 9 were classified
as macrodiamonds weighing a total of 0.088 carats. Intersection of kimberlite
at this location establishes the presence of significant in-situ kimberlite
associated with the prior diamond recovery.



Hudson completed six holes from four different setups on Garnet Lake.
Approximately nine kimberlite intersections, averaging 0.78 m, were recovered
per hole. The largest uninterrupted intersection of kimberlite was a near-
surface occurrence of 4.26 m which has an expected true width of 3.9 m.
Numerous pyrope coloured and eclogite coloured garnets are apparent in the
matrix with mineralogy similar to diamond-bearing float collected in the near
vicinity. The bodies appear to be mostly steeply dipping stacked dikes (approx.
40 degrees to vertical) although crosscutting sills also appear within the
core. Drill holes were up to 100 m apart in the lake.



'We are very pleased with the results of our Company's first drill program,'
stated James Tuer, president of Hudson. 'The most significant outcome of the
program has been the discovery of in-situ kimberlite at Garnet Lake. We now feel
confident in stating that the diamondiferous kimberlite found at Garnet Lake was
locally derived, and not random float deposited by glaciation. Garnet Lake is
situated within a highly anomalous area of deep mantle diamond facies
kimberlite indicator minerals. This anomalous zone of till and kimberlite
boulders is approximately 25 sq. km in size. One of our goals will be to expand
the area of discovery in order to generate a large volume of kimberlite.'



Six holes were drilled at Spider Lake, located 9 km east of Garnet Lake. Three
holes were drilled within the lake into the very pronounced EM target and three
on the shore over a dipole magnetic target coincident with the diamondiferous
surface samples collected in 2003. The lake targets intersected a network of
numerous shallow dipping stacked sills up to 1.70 m thickness often apparently
only interrupted by small country-rock boulders. Holes averaged 28 intersections
of 0.24 m of kimberlite. Approximately 10% of the core from lake-based targets
is kimberlite. Unlike the Garnet Lake kimberlite, carbonate infiltration into
the host kimberlite is very common averaging an additional 7% of lake-based
targets. In some cases it is possible that these intercalated carbonated
gneisses represent country rock xenoliths within larger kimberlite bodies.
Kimberlite in shore-based holes is more sporadic with approximately 8
intersections of kimberlite per hole up to 3.66 m in thickness. This contrast
in distribution suggests that the Spider Lake area is a focus of kimberlite
activity. Throughout the core, the kimberlite is both competent and heavily
altered and represents multiple phases of intrusion. This is also observed in
the Garnet Lake core. It is believed that the flat lying stacked nature of this
altered kimberlite is the source of the EM anomaly at Spider Lake.



Seven additional holes were drilled to the north (700 m), north-east (700 m),
and east (1,400 m) of Garnet Lake. Six of these holes intersected kimberlite of
various thicknesses up to 2.74m. At the location of a pronounced magnetic low
feature, a total of 7 m of competent kimberlite was recovered from two principal
locations within 65 m of core. This material is saturated in mantle nodules of
the type found in abundance north of Garnet Lake during the summer 2004
program. The final hole targeted a pronounced magnetic high feature from which
was recovered an uninterrupted 26.6 m intersection of sulphide-bearing
ultramafic rock exhibiting unusually high magnetic susceptibility
characteristics. Samples from this hole will be analysed for metals potential.



In conjunction with its 2005 summer field program, the Company plans on drilling
an additional 500 m of core. This was necessitated by the desire to obtain
analytical results from a number of key drill sites and due to the lack of
accessible ground water required to operate the drill at some prospective land-
based targets. Water will be available at these sites after the spring thaw is
complete. Following the completion of the analysis of the current drill program
it is expected that a number of follow-up targets in the Garnet Lake area will
be drilled. Additionally the massive sulphide style conductor located to the
south of Spider Lake will be the site of at least one hole.



Kimberlite core samples will be shipped for diamond and indicator mineral
processing to the Geoanalytical Laboratories at the Saskatchewan Research
Council ('SRC'), Saskatoon, Saskatchewan, an independent laboratory. SRC
GeoAnalytical Laboratories is accredited to the ISO/IEC 17025 standard by the
Standards Council of Canada as a testing laboratory for specific tests. Dr.
Mark Hutchison, Trigon GeoServices Ltd., is in charge of the exploration program
and is responsible for the collection of the samples in Greenland and managed
the chain of custody from the field to the SRC. Dr. John Ferguson has reviewed
the program and this press release and is a qualified person under National
Instrument 43-101.



James Tuer, President

John Cross, CEO/Managing Director of New Millennium stated,

We are extremely pleased with the progress made by Hudson on the Garnet Lake
kimberlite in Greenland. This fits in well with the Company's diamond strategy.
While Hudson continues its exploration program in Greenland, New Millennium is
able to focus its resources on developing its African concessions.

New Millennium has a 20% free carry interest in the Joint Venture with Hudson on
the Garnet Lake kimberlite.
Contact:

New Millennium Resources NL

John M. Cross (Managing Director)
Tel: +61 414 375 758 Tel:

jcross@new-millennium.com.au

Shane M. Healy (Finance Director)
Tel: +61 414 809 010

shealy@new-millennium.com.au

Daniel Stewart & Company Plc

Marc Young
Tel: +44 (0)207 374 6789

St. Swithins PR

Gary Middleton
Tel: +44 (0)795 160 3289

Nice. Another string on the bow coming good.
Can't wait for the Angola update.

Funny if Greenland end up producing before Angola!

sd

stockdog,

Funny?

It would be miraculous!

I wonder if stockdog is a husky. We could send him to Greenland to find out. By the way, sd, could you check out my post on PCM board if you haven't already done so - request of moneyplus and driver.

Eric

Stockdog,

Another 500,000 block transfer gone through, and the bid is reduced to 3.5p.

Interesting that yesterday, although the price was showing as being up, the bid remained at 3.75p, effectively there was no change to the value if an investor wanted to sell.

A bit odd they've lowered the bid considering the 500k sell was done a week ago.

mjr1234,

well it doesn't look as though they want anyone to sell IMO, so they drop the bid so they don't have to take on aly stock is the nromal process i think.

I agree, it is curious considering this was done last week.

I'm not sure what these block trades are, and why they are suddenly appearing to be honest.

Online trading now offering 3.54 - 3.75 bid - offer!

That is well below the offer of 4.25 showing on the monitor.

You dont honestly think do you that this is going to actually do something and make any money for anyone?On the contrary I doubt your resident seller would be dumping 45000 worth of stock ahead of a good trading update...do you..lol.!

As someone has pointed out on ADVFN, most of the junior mining sector is down today, many by a lot more than 3%. Money is flowing out of the sector at the moment, especially the riskier stocks. Once the company produces solid figures re: production from the Lapi mine, money will start to flow into this stock as the perceived risk will be markedly reduced.

All in all, this time is an excellent buying opportunity for courageous investors willing to hold for the medium-long term.

ps ASMITH2,

You need to up your Prozac dosage mate :).

Kimberlite - the less fattening diamond!

Kimberlapi - the hard to find diamond!

Kimberland - diamond studded boots!

I'm getting very bored with this stock, as you can tell.

sd

mjr1234,

Well money is flowing out of most AIM resource stocks at the moment, NML will have to produce some marvellous news to really move the price IMHO.

Totally agree andy.. if these do what they say and start producing cash then i would invest money. I had a brief skim through the rns and it seems double dutch to me and wont even begin try to comprehend the jargon. Do you think that there is a mystery seller trying to get rid of lots of stock--

Also andy, am i right in thinking the brandenhorst bros have been selling--

legend,

Yes there is certainly a seller, or possibly sellers, that have been selling stock for a few months now, normally into strength, on the back of news, but now using the block trading facility, disposed of 1,500,000 in the last week or so.

I believe the Badenhorst brothers have sold 1 million shares, but they hold in nominee (as do some directors) so it is hard to be sure.

Some nice sized buys there.

Better than sells...hopefully we will hear some news soon although I suspect it is going to be June before we do. Tick tock

mjr1234,

Sorry, that's a 205,000 rollover (BUY) not two buys.

The transaction times are too close together to be anything else IMO.