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by Will Purcell

The critical and specialty minerals stocks box score on Friday was a weak 64-110-136 as the TSX Venture Exchange fell three points to 1,057. Brad Humphrey's Nican Ltd. (NICN) rose one-half cent to 11.5 cents on 292,000 shares. The company has tripled the size of its Pipy South nickel project, near Thompson in Northern Manitoba, by adding 3,050 hectares of new ground. That brings the project to 4,575 hectares.

The new ground covers a "large interpreted anticlinal structure" -- a geological fold that is essentially an upward bulge created by compression, one that gradually bends, not abruptly breaks, the rock. The feature, 10 kilometres long and three kilometres wide, displays "multiple magnetic horizons caused by inferred iron formations," Nican geologizes.

Mr. Humphrey, president and chief executive officer, cheers that as a result of Nican's recent successes at Pipy South, he and his crew significantly expanded the company's land position, enabling it to expand its exploration effort in pursuit of gold and nickel deposits. Nican remains active at Pipy South, Mr. Humphrey adds, with a geophysical program now under way -- as are preparations for immediate follow-up drilling to advance and further define what Nican believes could be an emerging gold system in nickel country.

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