KAT Exploration Inc. (KATX)

 

KAT Exploration Inc. is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. 
 

Kat Exploration: Report on "Deer Harbour" Fall Exploration

 

November 18, 2014 10:36 AM

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http://www.katexploration.com/Graphics/properties/Rusty%20Bridge/Rusty_Ridge_JEA_Drilling_Report_2011.pdf

The first reported significant mineral exploration work in the area was in 1997. Ken Stead Jr. 
discovered gold-copper mineralization in the Stag Brook area. This discovery led to the 
founding of Cornerstone Resources and subsequently, the staking of a large portion of the 
Bonavista Peninsula. Cornerstone initiated several progressive stages of exploration, some of 
which were conducted with Joint Venture partners including Phelps Dodge and Noranda 
Exploration. Cornerstone currently is partnered with Vale (Inco) on its Red Cliff copper 
prospect. Vale (Inco) is also partnered with KAT Exploration on its Lucky Property located the 
southeast of the Rusty Ridge Project. 
The first reported sampling at Rusty Ridge (formerly Ken’s Mountain) by Cornerstone 
Resources was in 1998. Reconnaissance geological mapping and prospecting was conducted in 
the Cloude Sound and Rusty Ridge areas. Two float samples of altered/mineralized mafic 
volcanics with values of 1450 and 908 ppm copper (Kiex, 1998) were reported from Ken’s 
Mountain. Elevated scintillometer readings were documented in both areas and several samples 
of felsic volcanic rocks were analyzed for REE’s. Sheared and altered felsic rocks from the 
Cloude Sound area returned values up to 310 ppm Y, 4060 ppm Zr and 936 ppm Nb. Felsic 
volcanic rocks from Rusty Ridge returned values of 239 ppm Y, 2450 ppm Zr and 240 ppm Nb 
(sample Rmz-78)

10.0 Conclusions 
Phase 1 diamond drilling at Rusty Ridge has demonstrated some potential for REE 
mineralization hosted in peralkaline felsic volcanic rocks. The first ever drill hole testing for 
REE’s in this part of the province should be considered successful and further work is warranted 
to better understand the mineral deposit potential in this area, and others regionally in similar 
rocks. Drill testing the coincident gravity-magnetics anomaly in the southern part of the property 
did not confirm historically proposed mineral deposit models in the IOCG classification. Minor 
copper mineralization was encountered that is more representative of sediment-hosted and 
volcanic-hosted deposits that can be loosely compared to other prospects on the Bonavista 
Penninsula. 

https://www.flickr.com/photos/cornerstoneresources/5097795494/in/photostream/

 

Exploring remote areas of the country

July 18, 2009 - CEO/CFO Interveiw

http://www.katexploration.com/directors.html

 KATX EXECUTIVES

 

	Ken Stead, President and CEO Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995. In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been activily working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the companies priorities. Email: kstead@katexploration.com   July 18, 2009 - CEO/CFO Interveiw
	Timothy R. Stead, VP of Field Operations Timothy R. Stead is a co-founder of Kat Exploration Inc., and has been VP of Field Operations. since the company's incorporation in December of 2005. Mr. Stead completed a prospector's training course in 2000, where he was then working in the field for Cornerstone Resources Inc. He has many years of experience and knowledge working with Sediment-Hosted Copper on the eastern portion of the province of Newfoundland. Mr. Stead has acquired much experience and knowledge of massive sulphide deposits as well as gold, and at present is overseeing a work program on one of the companies most exciting gold properties. Email: tstead@katexploration.com

 

 

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