KAT Exploration Inc (KATX)

[Biochemist2002]

Why Rusty Ridge will make us rich...

Thanks Bob, I like this part...

Olympic Dam II?
Bob Moriarty
March 3, 2004

...That makes Olympic Dam some 10 to 20 times bigger than most world class ore bodies.

A new model, called IOCG for Iron Oxide, Copper and Gold, was formed based on the original Olympic Dam discovery. Basically it involved searching for iron deposits having both a high gravity and high magnetic indications associated with copper and gold values in outcrops. If you want to mine copper and gold in big numbers, look for massive deposits of magnetite or hematite and hope that it has copper and gold associated with it...Finding a single brass ring can be quite rewarding for a junior. The last time I remember a junior making a giant find was when Diamond Fields came up trumps with Voisey Bay. THAT MASSIVE NICKEL DEPOSIT IN LABRADOR, DISCOVERED IN 1993, ROCKETED THE STOCK FROM $.20 A SHARE TO $165, A 84,000% CLIMB.

You can read the rest here: http://www.321gold.com/editorials/moriarty/moriarty030304.html

Now consider our Olympic Dam type deposits on Rusty Ridge:

Rusty Ridge Property
The Results of this phase of the exploration program was highly successful in idenifying coincidental magnetic IP reistivty and soil geochemical anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.

Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional enviroment within peralkaline rocks emplaced adjacent t a regional fault system. The presence of a large magnetic body that appear to be intrusive into the overlying rock sequenc that appear regionally altered, are variably pyreticand contain vein type fluorite mineralization and appars to suggest a magnetic origin for the mineraliztion.

A recently completed 3D inversion modeling of the airborne magnetic data, show a discreet, strong magnetic anomaly underlyin the rusty ridge area. Coincidental with this moderate to strong IP chargeability anomalies that suggest either, graphite or significant concentrations of sulphides. Graphite can be for the most part elminated as the rocks are terrestrial, not marine meaning that conductive argillaceous rocks would not be expected in this enviroment.

Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper.
The host rocks for most of the mineral occcurances and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, heatitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.

This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.

www.katexploration.com/properties.html#3

P.S. Thanks birdmanbob for the original posting of the article.