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 EDT

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To: Jimsy who wrote (730)	7/13/2000 12:42:52 PM
From: Jimsy	Read Replies (2) of 744

Vewy interesting - Phepps drilled pretty good hole just off the Celtic property, now want onto the Celtic property which is jv'd with Billiton. U can't get in bed with much bigger cos, lol Celtic grants Phelps permission to access Millertown Celtic Minerals Ltd CME Shares issued 19,012,685 Jul 11 close $0.30 Thu 13 Jul 2000 News Release Mr. Kevin Flaherty reports Celtic Minerals, on behalf of the joint venture with Billiton Exploration Canada Limited, have granted Phelps Dodge Corporation (NYSE: PD) permission to access their Millertown joint venture property. Phelps Dodge will be drill testing a target under Red Indian Lake on its offsetting Mary March property. Upon completion of drilling, Celtic and Billiton will receive that portion of the drill core that falls within its land. The Millertown property is held 49 per cent by Celtic and 51 per cent by Billiton and borders the Phelps Dodge Mary March property on the south. Bordering the Mary March property to the north, Celtic and Jilbey Enterprises Ltd. hold the Buchans Junction property which is under option to Billiton.

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