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Gold/Mining/Energy : Jilbey Exploration JLB-MSE

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To: Handshake™ who wrote (155)	7/13/2000 11:36:27 AM
From: Handshake™	Read Replies (2) of 229

Thursday July 13, 9:23 am Eastern Time Press Release SOURCE: Celtic Minerals Ltd. Celtic Minerals Ltd. - Mary March Drilling CALGARY, July 13 /CNW/ - Celtic Minerals Ltd. (CME.CDNX) on behalf of the Joint Venture (J.V.) with Billiton Exploration Canada Limited wish to announce that they have granted Phelps Dodge Corporation (PD.NYSE) permission to access their Millertown J.V. 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% by Celtic and 51% 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. (JLB.MSE) hold the Buchans Junction property which is under option to Billiton. The Canadian Venture Exchange Neither Approves Nor Disapproves of the Information Contained Herein.

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