KAT Exploration Inc (KATX)

[Biochemist2002]

Clifton: The 2010 exploration program has been initiated

Did we miss this? I just noticed this description on the Clifton page and this:2010 Exploration program has been initiated. Also, it is interesting that it mentions the Rusty and Luckies in the same breath. Maybe, just maybe, we hit the grand slam and have a big announcement about Vale...the Luckies, Rusty, and the Clifton ;)

The 100% owned, 8650 hectare (346 claims), road accessible, KAT Exploration Inc. Clifton property, situated on the Bonavista Peninsula, eastern Newfoundland, Canada is comprised of copper-bearing Late Precambrian to Cambrian sedimentary and volcanic rocks assigned to the Avalon Zone and occurring within the same regional stratigraphy as the company’s Rusty Ridge and recently optioned Lucky properties, located northwest and northeast respectively.

Historic exploration prior to KAT’s staking of the Clifton property included regional geological mapping, lake sediment and till sampling surveys conducted by the provincial government and 2001-2004 industry assessment consisting of prospecting, geological mapping, lake sediment and soil sampling with limited follow-up of Cu, As, Pb and Co lake anomalies.

Numerous copper mineral indications and showings in outcrop and float occur as veins, stringers, blebs and disseminations primarily as chalcocite, chalcopyrite and malachite with some pyrite association.
Three mineralizing environments may exist on the property: (1) sediment-hosted stratiform copper (SSC), (2) volcanic redbed copper (VRC) and (3) iron-oxide-copper-gold (IOCG). SSC-VRC-related copper was found by the previous explorer in clastic ‘redbed-greybed’ sedimentary rocks and basalts. Mineralized, brecciated, hematite felsic volcanic was located at the same time. KAT, 2010, recognized the possibility of an overlooked IOCG aspect - association of hematite, breccias, copper sulphides and aeromagnetic expression of the volcanic unit; recent prospecting has located additional mineralization which may have IOCG and VRC affiliations. Geological settings and mineralization styles require field validation.

The 2010 exploration program has been initiated with the implementation of an assessment report compilation to prioritize targets and procure work permits for evaluation of this underexplored early stage grassroots property.
http://katexploration.com/index.php?option=com_content&view=article&id=77&Itemid=172

Well, I guess that answers my question about a "fairly quick and extensive exploration program in late spring and early summer." I smell a PR.

MOUNT PEARL, NL--(Marketwire - March 17, 2010) - KAT Exploration Inc. is pleased to announce that it has staked 346 new claims of approximately 125sq KM over impressive copper discoveries in the southern portion of the Bonavista peninsula, south of its Lucky properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a favorable area where the geology, sub-aerial mafic and felsic volcanic rocks are the same as that hosting its Rusty Ridge (IOCG) property.…
Large brecciated, hematitic felsic volcanic rocks permeate the southern portion of the new claims creating the same type of environment found on the Rusty Ridge property allowing for the same high potential of another Iron Oxide, Copper-Gold (IOCG) discovery.
With copper demands on the rise worldwide, KAT feels it important to have a well stacked portfolio of copper properties that would generate significant interest from major copper producers
With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer.
http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm

Hey Rick, think we'll get an option agreement or JV with Vale on the Clifton (seems to be the trend)?

New: Part of the recent JV between Cornerstone and VALE was for Cornerstone’s claim to the north of Lucky and next to the VALE claims that surround Lucky. What I don’t think anyone except me has realized is where the other part of that JV is for. It’s for Cornerstone’s claims that lie just south of our Clifton claim. So VALE are JV partnering in the Clifton area as well as in the Lucky area. I hope you like that new piece of DD!

-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084