Celtic Widens its Search

Article Excerpt

CELTIC MINERALS $0.41 (Toronto symbol CME; SI Rating: Start-up) (403-261-2890; www.celticminerals.com; Shares outstanding: 60.0 million; Market cap: $24.6 million) has as its main asset a 50% interest in the 113 square kilometer West Voisey’s Bay project, located on the southwestern edge of Inco’s Voisey’s Bay nickel mine and property in Labrador. Celtic hopes to discover a deposit similar to Inco’s Voisey’s Bay orebody on its West Voisey’s Bay property. Celtic is also adding to its nickel properties outside the Voisey’s Bay area. It recently entered into an option agreement to acquire a 100% interest in the Muscocho Lake nickel project in northwestern Quebec. In the 1950s, Noranda Mines did limited drilling on the property, and it intersected encouraging nickel and copper showings. Celtic is a buy for highly aggressive investors only. only…