KAT Exploration Inc (KATX)

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No mention of JV BECAUSE WE ,,,,US.... WE ARE IT,,,,,,IE "the ones we have been waiting for"..MMM MMM MMM........[color=red][/color]as someone once said! ......................""KAT IS "THE ONE"""......read it ... http://ih.advfn.com/q.php?pid=nmona&article=43652485 ............. ""KAT has agreed to acquire a 100 percent interest in the Cabot properties over a five-year period in consideration of total cash payments of $560,000, which includes a payment of $40,000 on signing and the remaining $520,000 over the remainder of the agreement. The agreement also includes a stock issuance of 3,000,000 shares, with 150,000 shares to be issued upon signing and the remaining 2,850,000 over the remainder of the agreement.

KAT also agrees to allocate minimum expenditure of $1.2 million over the five year term of the agreement and complete a National Instrument 43-101 on the Cabot properties.

If upon completion of a feasibility study of the Cabot Properties, KAT will pay a further four million shares, whereby it will then have earned 100% of the five licenses which make up the Cabot properties.

PNL Ventures Ltd, and Weyburn Investments Limited, will also retain a 2.5% NSR in which KAT Exploration has the right to purchase 1.5% of the 2.5% NSR for a total amount of $3.5 million.

Kat Exploration will be the operator of the project during the option period.

The Cabot properties are located on the Baie Verte Peninsula which is one of Newfoundland's most historic and prolific mining districts. Down through the years the Baie Verte peninsula alone has be host to numerous Copper, Gold and Massive Sulfide deposits. The "Tilt Cove" mine, the "Rambler" mine and the "Bretts Cove" mine to name just a few were all massive sulfide deposits. The "Deer Cove" mine, the "Nugget Pond" mine and the still operating "Pine Cove" mine were/are gold deposits.

The "Cabot Property," with its significant new Copper/Cobalt/Gold discoveries, is a prime example that tremendous potential still remains for new discoveries in this prolific mining region.