KAT Gold Holdings Corporation OTCQB: BVIG KAT Gold Holdings Corp. http://www.katexploration.com/ OTCQB:BVIG And Emerging Company with a Strong Portfolio of Mineral Exploration and Gold Mining Projects and A Prudent Strategy for Growth in the Economy of Today.
Rusty Ridge ~ Kat Gold Holdings The Company's interest in the Rusty Ridge property centers upon Iron-Oxide-Copper-Gold (IOCG) potential. The primary target is an interpreted mineralized deep-seated gravity/magnetic body hosted by a plutonic entity intruding volcanic rocks. KATX undertook a technical review and a proposal for a diamond drilling program for implementation in 2010. The Rusty Ridge property is, situated on Crown land in proximity to the community of Bunyan's Cove, Bonavista Peninsula. Mineral Exploration License Nos. 015991M, 016773M , aggregating 53 claims, are both in good standing.
New KATX Claim 2/27/2012
Shaylee = KATX (SHAYLEE CANCELLED 5/28/2013)
RUSTY RIDGE (Ken's Mountain)
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.
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
Mount Pearl, June16, 2010-KAT Exploration, Inc. (OTC-Pink Sheets: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work. A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick. The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia. The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization. Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes".
Shareholders and Investors will be kept up to date as this drill project moves forward.
Here is a close up of the area where Rusty Ridge is (Ken's Mountain)
The targeted exploration of this Property is volcanic red bed copper ("VRC") similar to deposits found in Michigan. The Collier's Property is approximately 500 hectares in size and is situated on Crown land in proximity to the communities of Collier's and Conception Harbour, Avalon Peninsula. Mineral Exploration License No. 011706M, aggregating 20 claims, is in good standing. The Company believes that the Collier's Property has been unexplored for at least 150 years. The Seller staked the property in 2006 for its VRC potential associated with chalcopyrite, bornite and malachite mineralization located in a 27 meter deep shaft sunk in the 1850's.
Mineralization consisting of chalcopyrite, bornite and calcite which occurs as patches and as fillings of fractures in the andesitic and basaltic rocks of the Harbour Main Group. The occurrence consists of an old working with a 90 foot (27 m) shaft. Malachite stains are abundant on the surface of the host rock. Copper Mineralization also occurs in the subaerial mafic volcanic rocks as occurrences which usually contain one or more of native copper, chalcocite, chalcopyrite, covellite and bornite in veins, amygdule fillings, disseminations and shear zones. This deposit was documented as early as 1868, and other than the 27m shaft this deposit has never been drilled off leaving much unknown about the source and amount of contained copper and silver within this deposit. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver.
Renewal Date: 2016/02/13
Olympic Dam style deposits all occur within continental rift sequence rocks adjacent to major structures. The Louil Hills REE Property is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body that appear to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magmatic origin for the mineralization.
KAT Exploration recently completed an exploration program on ground adjacent to the Louil Hills REE property and stated "Anomalous levels of the Light Rare Earth Elements (LREE) cerium 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."
A report titled Rare Earth Targets in Insular Newfoundland, published by the R.R. Miller of the Mineral Deposits Section of the Geological Survey of Newfoundland (1989) states on page 176, that the Louil Hills area:
"Have the best Yttrium-Niobium potential of any volcanic rocks sampled in insular Newfoundland. Evaluation of the rare metal potential of the Louil Hills peralkaline granite could be accomplished with a relatively minor lithogeochemical and prospecting program" http://www.nr.gov.nl.ca/nr/mines/geoscience/publications/currentresearch/2012/Sparkes_2012.pdf
: Dr. David Lentz states that "based on what I have seen to date, I believe that the Louil Hills area holds potential for an IOCG target (Iron oxide copper-gold) containing iron oxide with base metals, precious minerals, and rare earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia."
Other Information http://www.sudburyminingsolutions.com/articles/News/09-11-Vale-hydromet.asp http://stjohns2012.ca/gac/wp-content/uploads/2011/04/gac2012.2ndcirc.jan2712E.pdf
Most Recent Share Structure:
BVIG - Kat Gold Holdings Inc -
Authorized Shares = 1,000,000,000 - Common Shares as of July 16, 2013
Issued and Outstanding = 464,477,833 Common Shares as of Sep 30, 2013
Float = 259,714,675 - as of july 16, 2013
Authorized Shares = 5,000,000 - Preferred Shares as of October 25, 2012 (Of which 2,500,000 are Series A Preferred)
Issued and Outstanding = 2,120,000 - Preferred Shares Series A
(SEE October 25, 2012 S-1A5)
The authorized capital stock of our company consists of 505,000,000 shares of capital stock, consisting of 500,000,000 shares of common stock and 5,000,000 shares of preferred stock, 2,500,000 of which have been designated Series A Preferred Stock. As of the date of this prospectus, there are 464,477,833 shares of our common stock and 2,120,000 shares of our Series A Preferred Stock issued and outstanding.
Series A Preferred Stock
The Series A Preferred Stock ranks equal to the common stock on liquidation and pays no dividend. Each share of Series A Preferred is convertible, at the option of the holder, into one (1) fully paid and non-assessable share of our common stock at any time from and after the date our net income exceeds $1,000,000.On any matter presented to our shareholders, each holder of outstanding shares of Series A Preferred shall be entitled to cast twenty five (25) votes for each share of Series A Preferred held by such holder as of the record date for determining shareholders entitled to vote on such matter. Except as provided by law or by other provisions of our articles of incorporation, holders of Series A Preferred shall vote together with holders of our common stock as a single class.