CELTIC MINERALS LTD A COMPANY TO WATCH SHORT AND LONG TERM Message Board

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Gold/Mining/Energy : CELTIC MINERALS LTD A COMPANY TO WATCH SHORT AND LONG TERM

CME 265.49

+1.0%

Oct 31 9:30 AM EST

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To: Solid Play who wrote (693)	11/21/1999 1:03:00 PM
From: miner dude	Read Replies (2) of 744

I heard Phelps Dodge is to start drilling next to the Celtic Buchan's River claim block in January. Also the rumor is that Noranda is going to back in and participating. This is very interesting because just last year Noranda said they were pulling out of Newfoundland and put all of their assets up for sale or option. It must be a very juicy property for Noranda to do a complete turn around and start spending their own dollars on this property. I think the rumor mill will start to churn as drilling resumes in January. The drilling is only 400 to 500 meters from the Celtic ground, and it won't take much drilling to get to the property boundary.

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