RE:80% of posters misslead or are ignorant
The area EQT is exploring was identified by senior inco management in 2005 and was explored by celtic and cornerstone as a jv. The tech is better now and retired senior management from inco still beleive a significant find awaits...... Under a recently announced joint venture agreement (
news release dated March 24, 2006), Celtic Minerals (TSX-V:CME), is committed to exploring Cornerstone's Garland Ni project, 30 km southeast of Inco's Voisey's Bay mine. The three year agreement commits Celtic to spending a minimum of CDN$0.5 million in the first year. The 2006 program is expected to include airborne gravity gradiometry and ground magnetotelluric (MT) surveys and is designed to detect buried mineralization similar to that mined at Voisey's Bay. Celtic has the right to earn a 51% interest in the property by spending CDN$3 million over three years and making cash payments totaling CDN$450,000. This area around Garland Lake has recently been highlighted by senior management of Inco as having significant potential for discovery of Ni-Cu-Co sulphide deposits similar to Voisey's Bay and Cornerstone's property is entirely enclosed by claims staked by Inco in August 2005 which cover an area of 1,721 km
2 south of Voisey's Bay. Lets see what the assay come back with before jumping to conclusions.