Canaccord comment on CME
they will need to be confirmed by drilling
Celtic Minerals (CME : TSX-V : $1.13)
They’re always after me lucky charms! Shares of Celtic continue to trade higher on some promising early-stage nickel results
in Labrador. Last Thursday, the company reported two grab samples returned 1.09% nickel and 0.2% copper and 0.91% nickel
and 0.59% copper respectively. While these results are
encouraging, they will need to be confirmed by drilling, and with sentiment having generally turned negative toward the mineral
exploration sector, the shares may have difficulty maintaining momentum until more advanced exploration results are received.
Celtic’s prospect is located approximately 85 km northwest of the Inco/CVRD (RIO) Voisey’s Bay mine in Labrador. The
company has approximately 60 million shares outstanding.33e64acc64