KAT Exploration Inc (KATX)

[ShortonCash]

It may also receive ores from other Vale sites around the world.

http://www.canadianminingjournal.com/news/nickel-ceremony-opens-vales-long-harbour-hydromet-plant/1003370021/?&er=NA

At full operation, Long Harbour will be capable of producing 50,000 tonnes of nickel per year, as well as copper and cobalt, and it may also receive ores from other Vale sites around the world. The first nickel production tests began in July, using nickel matte produced by Vale in Indonesia.

So it seem it was not built for just the Voisey Bay Bay Nickel...

Now that there is no longer a Cornerstone presents in Newfoundland..Who has the claims that Vale had the options on...??

From the Katx website..

We feel like we are an exciting company. We have a field crew that knows what they are doing. We have some good past experience. Again, we are not a fly-by-night company; we are located in an area that is under-explored where in recent times have made new economical discoveries. If you were living in Canada and were monitoring province-by-province, you would find that Newfoundland has become one of the most exciting exploration provinces in the whole country. Our economy is a booming economy here in Newfoundland due mainly because of oil and mining. INCO has recently brought the Voisey’s Bay Nickel/Cobalt Deposit into production which is a very rich deposit found in the Labrador part of the province. They are now in the process of building a $2 billion smelter refinery in Long Harbor. So the province itself is very exciting when it comes to new mining and oil discoveries.

So may be? the Deer Harbour that was a Vale option property becomes of interest again..

Mount Pearl, Nov 18
th
- 2014, Kat Exploration Inc.
(OTC-Pink Sheets: KATX) www.katexploration.com
Kat Exploration is please to update the public and shareholders of its fall exploration program on
its 100% wholly owned “Deer Harbour” copper property.
The company’s most recent staking of 3706 acres is in a geological setting with the potential for
sediment-hosted Stratiform copper (SSC) deposits.
The fall program consisted of ground exploration and rock sampling of favorable greybeds
hosting significant Malachite staining and Chalcocite.
Major faulting in the area has revealed a sequence of Greybeds approx…1.3kms in width by 9km
in length. While a brief stopover at the southern limits of this unit minor amounts of chalcopyrite
was discovered, the main focus of exploration was in the Deer Harbour region itself and in an
area approx..3.5km south of Deer Harbor where malachite staining was discovered in many
areas of the upper section of the Greybed.
The fault exposure along the Deer Harbour coastline, while extremely steep and fractured
allowed for numerous copper showings in outcrops and malachite staining throughout long
stretches of fault gouge.
This is an underexplored portion of the province and we feel this is a very exciting discovery and
the company plans to carry out a more extensive exploration program as soon as weather
permits.
Photos of the exploration and copper can be viewed on our website.
With less than 2(two) million shares in the float the company feels it is in a good position to raise
the needed capital for future exploration.
The company is also engaged in discussions with several new and significant acquisitions and
will provide further details in the near future.