KAT Exploration Inc (KATX)

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KATX~ Handcamp "Felsic" VMS deposit ~ Highest Grade Gold Property by (United States Geological Survey)

Handcamp- From Canadian Govt Natural Resources Website
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-gold/handcamp.pdf




Importance of Volcanic-associated massive sulphide (VMS)- An Overview
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45532143

Handcamp- From USGS (United States Geological Survey).




Handcamp is KATX's flagship property and main focus for 2010 and beyond. The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine.Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment.

What makes this property so special isn't the fact that it's a gold property, but the type of gold property that it is. Handcamp is a very special and unique type of gold deposit known as a "Volcanogenic massive sulfide" (VMS) deposit. Making this property even more special is the fact that this isn't just any type of "VMS" deposit, but it's a "Felsic" VMS deposit. World wide there is only something like 800 of these VMS deposits. They are known for their high tonnage, high quality gold deposits. Of these VMS, the best quality, highest producing gold deposits are the "Felsic" VMS deposits. Right now,out of the 40 VMS deposit sites in Newfoundland, KATX's Handcamp site is rated the highest gold grade with a 13.4 rating. It is the highest grade VMS gold site in all of Newfoundland according to the USGS.

Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m.

44 line kms of grid work was cut at 100m spacings east and west of a 2km baseline on the Handcamp property by Dennis Rowsell and company. 1700 soil samples were collected along the grid at 25m spacings of which 150 samples were assayed for gold and base metals displaying excellent results. The central core of the grid was prospected by foot leaving much more to be done in 2010. Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au. along with excellent Zn, CU, Ag numbers (massive to semi-massive sulphides).



Not only are these gold numbers FAR higher than any of the surrounding mining sites owned by other companies,these numbers are ONLY from surface rocks. Felsic VMS deposits are not the type of deposits that have most of their gold in the surface layers, but instead, most the gold deposits are deeper in the ground. To find these levels of gold in just the surface rocks would imply that there should be FAR more in deeper deposits.

A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft).

How does Handcamp compare to other near by sites?

Here is a good comparison to how KATX's Handcamp property stacks up against a similar mining company. Anaconda Mining is located right down the road from Handcamp and currently is mining their Pine Cove gold property and has already brought gold to market from their site.

Anaconda has completed a NI 43-101 technical report on their Pine Cove site and has been actively mining it for the past 2 years.

Here are the results of Anaconda's test drill 43-101 report on their "Pine Cove" Gold property.

Probable mineral reserves of 2,332,676 tonnes at 2.76 g/t

And now here's Handcamps results ONLY from surface samples.

158g/t Au, 94g/t Au, 82g/t Au

As you can see, KATX's Handcamp property is showing far more gold in just the surface rock than what Anaconda is getting from it's actual mining. This is one reason why people are so excited about KATX. We will still need to get the test results back from a test drill to confirm exactly what's in the ground though.

Handcamp Data Sheet
http://www.katexploration.com/Graphics/properties/Handcamp%20Gold%20Property/Handcamp%20Data.pdf

Special Thanks to ERocks for putting these notes together!!!

Note: Link back to this post for more details!!!

G/L All,
-911