KAT Exploration Inc (KATX)

[Rick-UK]

New information about Rusty Ridge and Shaylee

Here's some new stuff about the Rusty Ridge / Shaylee area. A little while ago I noted that there were some claims north of Rusty Ridge from some other companies. In fact they weren't registered under a company name but that of an individual. Anyway, I did some digging and found his email address and sent him an email. He replied and we struck up an email conversation. I now know who he is, what his company is called and what his company are doing up there.

The company is called Cache Exploration. Here's the map:



Cache Exploration is searching for... Rare Earth Elements (REE)! They are organising further exploration on their claim this summer, led by a top level, award winning independent geologist and university academic. They must be confident too, because on 10th May they doubled their claim size. I also had a chat about them with our CEO Ken Stead. He knows that area well because he has already explored it and is confident that we have the best claims staked already.

So what is important about this? To my mind what is important is that Cache Exploration believe there is enough value in that area from REE deposits alone. We have our copper at Rusty Ridge and we knew that there are REE deposits up there, but this additional DD adds to the circumstantial evidence that the REE value could be immense.