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To All:In contact with Mr.David Graham,President,of CELTIC,here is the latest.Mr.Graham said;"Despite concern surrounding the validity of results Bre-X's Busang deposit,and the effects this has had on the junior mining stocks with properities in Indonesia,CELTIC,operates a very strong property portfolio,having gold and base metal projects in Colorado,U.S.A.,Newfoundland and Labrador.We intend to proceed as we have since inception of the company in 1994,toward the goal of making new base and precious metal discoveries on our diverse portfolio of technically sound projects"CELTIC owns a 70% interest in the Dawson Project in Colorado which hosts a drill indicated resource of 155,000 ounces of gold at an average grade of 0.44 ounces per ton with good exploration potential and a completed pre-feasibility study.Recent exploration work on the Company's Hungary Hill project in Central Newfoundland,resulted in the discovery of a new strongly mineralized base metal system{February 13th}Press Release.Mr.Graham is presently in the Phillipines with a Senior Company Geologist performing due diligence on an advanced gold project[March 13th,Press Release}CELTICS Management team,comprised of seasoned professionals,is looking forward to an exciting exploration season,providing its shareholders with high potential to participate in world class discoveries.I trust this may give you some insight into this quality company and after speaking with Mr.Graham,my intention is to keep you informed on the various other projects.On an annual basis ,the companyinvests approximately half of its exploration in North American projects,and half on overseas projects.Hope this is of help to loyal investors.Regards:Don |
