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That is exctly what I said here ,,,,Please read it ,, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58684920 ""No mention of JV BECAUSE WE ,,,,US.... WE ARE IT,,,,"" Respond | No replies
If you go line by line ....through that PR.....you can see I did not veer off course....in to the Speculation ditch...... if you see where my tire tracks veer in that direction please show me and please be specific..... http://ih.advfn.com/q.php?pid=nmona&article=43652485
Read the pr giant I "quoted it"... http://ih.advfn.com/q.php?pid=nmona&article=43652485 quots with links .... KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Kat Exploration (USOTC:KATX)
Historical Stock Chart
6 Months : July 2010 to January 2011
KAT Exploration Inc. (PINKSHEETS: KATX)
www.katexploration.com
KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
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.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
Over the next day or so, a full write-up and photos of the Cabot properties will be uploaded to the KAT Exploration website for investor viewing.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
www.katexploration.com
That is exctly what I said here ,,,,Please read it ,, http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58684920 ""No mention of JV BECAUSE WE ,,,,US.... WE ARE IT,,,,""
Were buying Cabot ....that is what it states yes....I agree no JV ..... were going to turn it in to first a proven resource and then a mine Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
Bali... in the bottom of that PR Their is these photo links... This is I belive we have still yes to drill It is I believe the area where they expect to find Gold Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
NO JV ...In your mind thing bigger k,,,,,simply put,,,, a JV would be when toy ( join ) with some other enity.....my interputation is,,,,,were doing it by our self........ I am only reading what it states ....KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Kat Exploration (USOTC:KATX)
Historical Stock Chart
6 Months : July 2010 to January 2011
KAT Exploration Inc. (PINKSHEETS: KATX)
www.katexploration.com
KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
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.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
Over the next day or so, a full write-up and photos of the Cabot properties will be uploaded to the KAT Exploration website for investor viewing.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
Ok ....here is what I sujest "for those who are not convinced" ....forward this link to someone unconected with this board or this stock who can inturpet it ... like an experienced broker and get a third opinoin ---as everyone has an agenda--- http://ih.advfn.com/q.php?pid=nmona&article=43652485
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Date : 07/19/2010 @ 9:54AM
Source : MarketWire
Stock : Kat Exploration Inc. (KATX)
Quote : 0.038 0.0 (0.00%) @ 7:58AM
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Kat Exploration (USOTC:KATX)
Historical Stock Chart
6 Months : July 2010 to January 2011
KAT Exploration Inc. (PINKSHEETS: KATX)
www.katexploration.com
KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
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.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
Over the next day or so, a full write-up and photos of the Cabot properties will be uploaded to the KAT Exploration website for investor viewing.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
www.katexploration.com
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// THEN HAVE YOUR INDEOENDENT THIRD OPINION ADVISE YOU
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.
No we are the JV.... we are (IT) ...,,,,,,,,,,,,,some don't think ok kat as growing in to "that BIG KAT"....some will not see it, but I do
""yet Cabot is not being JVed with KATX "".Personaly this is what I believe...It's Plain as Day to me......Think of it this way ...Over on the Lucky Property's.....WE are the little Guy....Vale is the (Operator)...I.E. ...The big guy!....well over on the Cabot ...in black and white,,,,,,it states quite clearly (we) are doing the national instrument.....just like Vale hopefully will with the Lucky Propertys......next.......in blask and white...it states quite clearly....(we).....Kat Exploration....will be the ones who do a (feasability Study).....no where in there does it state/hint/mention/ anything about wanting or looking for a (other partner).....On the Cabot (WE ARE THE BIG BOYS)...... You can choose to believe what it clearly states or not.....I believe that it means exactly whet it states....nothing more...nothing less THIS PR WAS TO ME COPMLETLY OVERLOOKED....A MUST READ IF YOU WANT TO KNOW WHAT IS GOING ONIN REGUURDS TO THE CABOT!... http://ih.advfn.com/q.php?pid=nmona&article=43652485
""we have no clue how it will proceed and there is no JV so far""........I wholeheartedly disagree pro...it's all in black n white.. here ya go... ................here is the quote and the link with the future plans for the Cabot future plans this is what I will go by -------"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."-------- ..... http://ih.advfn.com/q.php?pid=nmona&article=43652485 I am glad I could spell all of that out for you and everyone else as well....What this means is. We...the Shareholders of Kat Exploration will as you can see be the ones proving up what is in the ground I.E. A NATIONAN INSTRUMENT ...and ...after doing that we ...Kat Shareholders will be moving the property forward to the stage of a ( feasibility study ) ...Well we all know about what a National instrument is [b[color=red]]...and now we can see perfectly how and why...Kat on the front of the Website needs all of thiese Geoligest[/color]! http://www.katexploration.com/index.php?option=com_content&view=article&id=44&Itemid=75 Home|Careers|Contact Us|News & Media|Resources
[ KATX ] HomeProperties
Handcamp Gold Property DescriptionProperty ImagesTwilite Gold Property DescriptionProperty ImagesRusty Ridge Property DescriptionProperty ImagesColliers Property Property DescriptionProperty ImagesShaylee Property DescriptionProperty ImagesSouth Lucky Copper Property DescriptionProperty ImagesClifton Property DescriptionProperty ImagesCabot Property Property DescriptionProperty ImagesNews DeskWho We Are
OverviewManagementBoard Of DirectorsInvestors
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KAT Exploration is actively looking for :
1.Resource Geologist...<thats the kind ya need to go forwaed to becoming a Mine!2.Field Assistant
3.Geologist
4.Geoscientist
5.Mine Geologist...<that's the kind ya need to go forwaed to becoming a Mine bas well.....guess that's why they call em that!....'''HA'''
6.Exploration Geologist
7.Generative Geologist
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got the link?
Ok pro...........Hey ... rick or bio, do you happen to have that 8 or 10 k I am recolecting/ refering to where the term "In addition Kat Exploration has plans to drill one additional Gold Property or it could be possabiliby be "Gold/Copper"............but thats just off the top of my head
I believe the term "Joint Venture"... in the 8-k 10-k... could be used to brefly describe wich property it would drill, or had plans to drill in the near future, and recive in the contract the "Option" to purchase ....in these agreements here they are (intermingled terms).....as you can see here in thiese mining contracts the two terms are intermingled ........... a past producer of gold and silver, currently being explored under the term of an option joint venture agreement which requires $700,000 of expenditures by August 29, 2006,Anglo Swiss Resources Acquires 52,459 Acres by Business Wire
In June of 2003, Blackstone and Sulfidmalm entered into an option joint venture agreement on the Espedalen and Vakkerlien projects in Norway.Falconbridge and Blackstone Expand Norway Nickel Search by Business Wire
of the underlying option joint venture agreement in respect of the Expo-Ungava Property; (ii) that a portion of land along the boundary of the Phoenix Property (100% owned by Canadian Royalties) and the Expo-Ungava Property be transferred to Ungava Minerals; and (iii) that Canadian Royalties pay to Ungava Minerals damages in the amount of $516,642. here is the links http://acronyms.thefreedictionary.com/Option+Joint+Venture+Agreement http://www.thefreelibrary.com/Anglo+Swiss+Resources+Acquires+52%2c459+Acres-a0138808874
I don't disagree with that "lets not split hairs over a non focus of my point".... Here is what I *do* think. I think it was a very good thing to take this "waiting for drill results" time and research/discover/understand all about one of the newer property's we have. The Cabot Property was much less understood/studied/evaluated in all it's aspects, including it's geology being made up of copper/gold/and other metals. ...It is a fact that Cabot has drill cores with ( VISIBLE GOLD ) The Photos of that small Mt. in the photos is an area I believe we will have a future drill program "after reading/studding/researching" Kat is planing to also Drill on for Gold and it should have other minerals as well ...but we will have to wait and see, I know the "known discoveries" were much overlooked and not understood or misunderstood and even ignored. The values of "at least three separate drill programs already completed," they were briefly discussed months ago and the attention went to Handcamp investigation/study took over as it should. My hopes of bringing to light the great possibility's of what the Cabot Property with it's many (proven value) drill cores and new areas yet to discover were not disseminated/understood in the minds of most here as well as was the agreements between Kat and the partners who own/owned that fantastic Cabot property.....My Goal of bringing all of this to light, with the Cabot property and all it's (PROVEN VALUE) IE "drill cores never lie" BUT "not yet in a n-1" and future possibility's, and many did not understand / "or know it's value yet" why I was going in this direction with the "to me" EXTREMELY EXCITING Rusty Ridge drill results coming soon...... (BOTTOM LINE) .........Kat Exploration is NOT-A-ONE-TRICK-PONY!....."as some may have you believe"......GO KAT GO! ...."and please, for your own sake please stay in the Saddle and do not get bucked off! giddy up and ride this Pony.....don't fall off and break a bone-e..or you ll miss onehellofagreatride!
As we all know...when Reading the filings ...8k's...10k's...and the like......there all about the...(future).....the company....has plans....for the future.....and like all company's ....those plans are not set in stone...it's where.....they...tell share holders...."hey y'all down the road a piece,,,,were thinkin about doin this....and that....were not ready to......"announce it"...in something....known as a "PR/news release.......it's...a...hint...a ...whiff....of.....things...to..come.....I was along with rick....bio..and...many others..........Months ago.....looking at that..."drilling in a joint venture"...statement.....and I think we were all scratching our head....wondering....what property...that was all about.....now...if..it...turns out to be all about the Handcamp property...in some kind of a deal with vale....I have speculated about that as well.....the ..."drilling in a joint venture"...statement.....IMO...could go either way.....I have no taro cards...in my desk drawer....and ..I do not use the ...magic 8 ball...eather....but....what I have done here....is open the eyes to many....looking long and hard ...at all the filings....pdf ...files....and....interactive geo sites....and come up "after much hard work"....(FOCUS)....is a understatement.....I will say many things...with absolute (CERTAINTY)....and others ...I will speculate about....... some here study charts all day and moving averages and bollinger bands....and others study the geology....weather it's felsic or malfic ...and if it has plate mineralization or is a load deposit....sedimenthoisyedcoppergoldIOCGorREEdeposit personally I like discovering all kinds of stuff I enjoy my googlogy and I enjoy being the first to discover new stuff like when Kat grabbed up something new on the geonewf site http://gis.geosurv.gov.nl.ca/ as far as the filings go and the study of them for newcomers and old investors alike this link will give you all the Pr's. My situation is to print them all out...and use them for wall paper along with the filings. Kat Exploration is a fast growing company and keeping up with all the aspects of all the property's and seeing through the fog of words placed on a msg board, is not easy. Clear the Fog for yourself, know the facts, print out both all the filings along the with Pr's, If you don't want to use it for wall paper, try it for bathroom reading material. To Know Kat Is To Love Kat Go Kat Go!
Take a step back ....I did not mislead anyone...I did no wild speculation....just last week a geoligest right here on this board said that Cornerstone had a JV with Vale....that was not quite the case. And nither do we have a Joint Venture with Vale.......Both Companies have a ( Option Agreement ) ...in the Lucky Propertys and the and Cornerstone's propertys Option agreements with Vale ......Vale is the ...( operator )...in both agreements ..... also......in both of those .....( agreements ) ...... it is ... ( Vale ).... who has control or the "Optoin" as Rick was stating..... now, on to another point. ..... In the Situation on the Bonivista with Vale............Vale is the (Operator)....aka sitting in the Drivers Seat......... On the Cabot situatin with Kat Exploration........it is Kat who are the (Operators)...aka sitting in the Drivers seat.... In the previous post....the point I was trying to make is this....I/we...do not disagree on what the deal with the Cabot property is....and saying we do would be spliting hairs....ie an arguement not worth having..............listen very carefully...cause here is my point........and my point is all to do with the legal filing where they were "Planing" ....to do something.....they were going to ..."Drill a Gold and Copper ptoperty".....ok you with me so far!.....next point.....in the 8-k or 10-k.....when they said that.....I believe.....in my opinion......that pertained and they were refering to the Cabot Gold/Copper ptoperty.....that is all.....my point was about....and that was not misleading, so pleease let's not fight
Actually ...the term "Option agreement" ...IS.... the first part of a Joint Venture contract ,,,,so if Let's say...KATX / Kat Gold holdings. were to put out a filing in March or so and state "As part of our Groth straatigy KATX is Optioning the Cabot and ,,,some other foling would say something like "Katx is planing on Drilling one additional Gold and Copper Propety within a Joint venture agreement"...........................Oh wait!!.... that exactly did happen...... sweet dreams! MMM MMM MMM
WOW ...Is all I gotta say bout that ...I tell you what !
"43-101 on the Cabot""..... That is the goal #1. no the Cabot ...."psssst come here...yea you.. the #2 . plan nobody knows about "because they did not read the pr a few tinmes""!... where here it is ""completion of a feasibility study "" ...Yea...they spelled that one out two.... The Plan for the Cabot...the inside plan!! .....you know the one.....YEA THEY SPELLED IT OUT ALL RIGHT IN BLACK AND WHITE..... let me state I am both left handed...and right handed ......I can talk and chew Gum, both at the same time.. ... I can rub my belly while patting my head ... Some people like to Focus .....on one thing at a time. My shoeing old and new investors the MASSIVE amount of work the P & L Ventures has previoysly done on the Cabot Property is ment for one reason and one reason only. ....Kat Exploration is way more than a one trick Pony.....This Kat has Nine Fabolus Fantastic Tricks ! Nine Great Propertys, and with Thee Seprate Drill Program's already having been completed on the Cabot and aprox. a Million Dolars having already been spent on that Property,"adjusted for inflation" and as you can see from my last two post that the Cabot is working toward the all important ..... .""complete a National Instrument 43-101 on the Cabot properties.""
...... and then the Cabot will move toward the even more imporant wayyyy more important .. ""upon completion of a feasibility study "" ... 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.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
Let me explain what I feel are the Facts ok ....first this is not an option "for us" With the Cabot property ...it ...is a Option Agreement "on" ...the Cabot Property....becaues a Property can not ...."sign" ...and agreement ....that is simple Proplerty law.....Next ....Kat Exploration is going to ..."sign" ...a Agreement with P & L Ventures ...and one or both of those Partners P AND L are the ones Kat also got the Twilite from .... P AND L they also have two lots/areas/leases on the Bonivista surounded by Vale .....IF I SEEM TO KNOW THESE PR's LIKE THE BACK OF MY HAND ...THAT'S BECAUSE THEY HAVE BECOME THE WALL PAPER OF MY OFFICE... ........ 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. .... SO WE DO THE RED PART FIRST....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. .... THEN WE DO THE BLUE PART 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.
Link To This Article:
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Date : 07/19/2010 @ 9:54AM
Source : MarketWire
Stock : Kat Exploration Inc. (KATX)
Quote : 0.038 -0.004 (-9.52%) @ 5:00PM
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Kat Exploration (USOTC:KATX)
Historical Stock Chart
6 Months : July 2010 to January 2011
KAT Exploration Inc. (PINKSHEETS: KATX)
www.katexploration.com
KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
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.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
Over the next day or so, a full write-up and photos of the Cabot properties will be uploaded to the KAT Exploration website for investor viewing.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
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Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
www.katexploration.com
Option agreemmebts... "If LUCKY",,,Grow up to be Joint Ventures......Ours will hopefully be "EXERCISED"..... This means we will buy it.
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties Date : 07/19/2010 @ 9:54AM
Source : MarketWire
Stock : Kat Exploration Inc. (KATX)
Quote : 0.038 -0.004 (-9.52%) @ 3:26PM
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
Kat Exploration (USOTC:KATX)
Historical Stock Chart
6 Months : July 2010 to January 2011
KAT Exploration Inc. (PINKSHEETS: KATX)
www.katexploration.com
KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement
KAT Exploration is actively looking for :
1.Resource Geologist
2.Field Assistant
3.Geologist
4.Geoscientist
5.Mine Geologist
6.Exploration Geologist
7.Generative Geologist
I never said that ...but what I did say is that Cabot I have is give the ....KNOLADGE OF THE FACTS!...Go to Kat's Website...over to the right there is a place to click for all the Positions for Jobs…. Geologist!....FACT!....this was placed on the Website ...I believe about the time that Kat got the Cabot......PR ......... ""upon completion of a feasibility study of the Cabot...is ...FURTHEST ALONG..... Now would it take a Genius to come to the conclusion that Cabot at this time has a higher probability to Open Up Shop on This Csbot.......FIRST? ...NO! 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.""............ http://ih.advfn.com/p.php?pid=nmona&article=43652485
WOW,,,,, so what your saying is that he keeps his WORD ....WOW....buy why am I not suprised? lol
So I am going to respond to you like you wanted it to happen yesterday. Have you done your research or do you want to be lazy and it fall in your hands? Really?
My research is just a benefit to what is to come on Cabot! I am revealing a present like a kid a Christmas or any other Holiday! For all the intelligent investors, research the rest of our properties! I am already on it! Rusty Ridge REE!!! WELL HELLO!!!!! Hand Camp (which the the NF gov. shows we are a major "GOLD" mining company !!!!! HELLO!!!!(www.nr.gov.nl.ca/nr/mines/exploration/explorationactivity/expl_properties.pdf) Cabot!!!! Shall I continue you with the properties? You must have an interest? Only here to bring truth and facts... Love it or leave it!!! READY FOR WHAT'S NEXT? We just scratched the surface!
"Patience pays of big- & is Key to success!!! "... It was good advice then and it is good advice today
JayREE you were correct in January. And correct today ...PS I like the name JayREE
I know Rusty has Uranium right on top. I would like to know if it leaches down like Copper or just stays put. I do know that many Copper deposits "Leech" down with wearthing and I beliece moisture, Geo... When Copper "Leeches" down is it true it can take other minnerals with it? I believe I read that someplace.
Thanks Daubloom For this old post.... Your speculation about VALE was right on the Money and I agree! By now the Lucky's and the rest of Vales 300 square miles of leases on the Bonivista wich cost well over a million per year just to maintain, most certinaly have completed the full 3-D Airborn Survey with grid fly overs and probably have the results to slide across a Vale size MAGOGINEY OVAL DESK "just guessing about the Desk....".... But I do feel their is a very good chance it was Vale who supported Kat and picked David Barnes to be the CFO of Kat Gold Holdings. "Google David Barnes ans Vale the mining Giant." It turnes out they have a David Barnes as well....what a coinsidence....kind of like the coincidence that Vale surounded both Luckys only 7 days after Kat announced the additional Zambia style Copper finds on the Bonivista ln November 2009 googleitgood!
Are you Hungry for Gold Copper Silver and Ree's? Well so am I .... Some people feel this way about spending time working on DD and evaulating the previous drilling done on the Cabot "with three or more Previously completed, and having as much, or more money spent than Rusty Ridge...I believe this is how they feel. I think they prefer to focus on RR and HC. Those are the two properties KATX has actively drilled, thus have the most information to move forward. Starting talk on Cabot, at least from my view point, means that people have thrown in the towel on RR (and HC). I am not ready to stick a fork in RR just yet...................This would ne my reply to that......... I too am not any where near ready to "stick a fork" in RR as well.... Just the Opposite. My wish is that Kat "with a little help from a friend in the VALLY"...stick five to ten dozen Straws in it. :) Having said that. I understand how you feel, I have felt exactly the same way before, But this is what I have found. The RR, Lucky's Twilite, Colliers, Handcamp. exc. have been in the family for some time. We have sat at the dinner table with them for some time. e know them very well, there manners, their behaviors, and weather they will hog all the good stuff Mom lays on the table before we get a serving, Cabot on the other hand was "shhh don't tell him",,,was adopted!!....he folks he used to eat with know all his best and worst features. We on the other hand are just learning about all his great attributes!....my feeling is we should learn more about him rather than re hash the same DD like a broken record on RR ....untill....we know the results....but mostly I feel that the Cabot.....having been just adopted, WE-should welcome him in to the family! Get to know him better! Be familiarized with all his attributes........After all he is the one furthest along in School! Lets look over his grades!!....and bottom line is we should know his value and.... Being that he is so far along in School. and Dad I think got him all those tutors,,,I at least suspect there for Cabot..,,
www.katexploration.com/index.php?option=com_content&view=article&id=44&Itemid=147
KAT Exploration is actively looking for :
1.Resource Geologist
2.Field Assistant
3.Geologist
4.Geoscientist
5.Mine Geologist
6.Exploration Geologist
7.Generative Geologist
And the number pne reason to get to know Cabot.... ASAP..... while waiting for the WONDERFUL MAIN COURSE ON RR IS............Cabot could very well be the first one of us nine kids...to go out in to the World ( GET MARRIED JV get a job and ( BRING HOME THE BACON )...AKA....furthest property along the path to becoming a mine "unless or until the purchase of a opertating Gold Mine happens"
The primary exploration target on the Cabot Property is volcanogenic massive sulfides, which are often associated with stringer/stockwork feeder pipes resembling the Cabot zone. However, potential for significant mineralization also occurs within the stringer/stockwork feeder zone. This is indicated by the assay results obtained in Hole No's CAB-98-07 & 08, which respectively returned 1.90% Cu over 2.78 meters and 1.33% Cu over 3.66 meters.............. DON'T LET ANY AND I MEAN ANY BODY FOOL YOU WITH THE PRICE OF COPPER GOLD AND THE OTHER MINNERALS ...WITH THE CABBOT.... ....................................................................SO 145.000.000-- DEVIDED BY -- 700.000.000 = 0.20714285714285716 http://www.katexploration.com/Graphics/properties/kate/Cabot%20Brochure.pdf
Owl....It Plainly is more clear after a Nap. ow. I think a piece of tge Puzzle is comming together....The Cabot is in a Joint Venture with Kat as you can see that the Cabot ...does ....have the Copper areas Drilled and may only need some minor in filling on thec cabot Copper part then the N1-4101......:) BUT : )n But I thihk Ken Stead want's to Punch through this Gold Area of the Cabot ......Hho wouldnt!............................................................................................................. Owl....It Plainly is more clear I believe imo LEAST A STRONG POSSIBILTY Cabit GOLD AREA is now going to be one of the . I think a piece of tge Puzzle is comming together....The Cabot is in a Joint Venture with Kat as you can see the Cabot ...does ....have the Copper areas Drilled and may only need some minor in filling on thec cabot Copper part......:) BUT : )n But I thihk Ken Stead want's to Punch rhrough this Gold Area of the Cabot ......Hho wouldn't!...after all I
Oh Tink thanks I was loking for the place where I put the statment/or PR from the company about the Sr. Geoligest that is concentrating on only the Cabot,,,,, Humm where did I put that.....well someone would like to see itb...If anyone knows where it is ...Ok Who did we put in charge of coppy ? The updates. ...Ok well I am learning more and more about the Cabot every dang day :) Oh Well here is some really giid Caboy DD .................................................................................................................................................--------Cabot was discovered in 1997 by Ken Lewis and Frank Verte. Initial prospecting had revealed a number of highly gossaneous float along a 600 meter section of the forest access road, with grab samples returning values up to 2.0% copper. Subsequent prospecting in the days that followed was successful in locating the bedrock source a distance of 200 meters up ice to the northwest........................................................................... ............................................................................................................................................ Continued prospecting in the area led to the discovery of a number of gossaneous outcrops aligned in a northeast direction and extending over a distance of 300 meters. Visible mineralization consisted of disseminated and stringer pyrrhotite, chalcopyrite which closely resembled the mineralized float discovered along the access road. Grab samples from bedrock returned assays up to 5.5% copper...........................................................................During the remainder of the 1997 season, PNL Ventures continued to advance the properties exploration potential while at the same time seeking an investment partner. Minor dozer stripping and a short 150 meter - 2 hole diamond drilling program were completed by PNL Ventures in the central region of the zones 300 meter long intermittently exposed strike length. Both stripping and diamond drilling continued to reveal the zones continuity along strike and at depth. Hole No's CAB-97-01 & 02 intersected a highly chloritized zone hosting significant disseminated pyrrhotite, chalcopyrite and pyrite mineralization grading 0.38% Cu over 22.6 m's and 0.35% Cu over 22.0 m's respectively.........[/b
""Too soon to bring in Mr. Next.""..... ...That is silly...and there is no reason to think that, and frankly with Copper and Gold both being at or close to record highs, Cabot is furthest along with respect to a resource estimation! Two full drill programs, The Cabot Property has had two separate Drill Programs, that we know, and the amount of coppers there. is a known quaintly, also the grade is higher than your numbers,.............. Were you able to find that report ?................ Also the PR's wrote that this is a try mineral property .... I hope you get time to read the PDF someday it's a file the three hundred and thirteen page report...... No other Kat Property can say that....Cabot had 450.000 spent on it in 1989 ...and in today's Dollars you can at least add a third for inflation so only using the numbers we have that would mean that the Cabot has had spent on it 600,000 plus the second drill program. Also Kat did announce that the Sr. Geologist was "sole" going to work to bring both the old drill programs to a N1 fully compliant resource estimate. I also agree with Gram and others that the Copper Value from just the first program to be approx 140 million plus whatever the second drill program. then after adding that in when we see those numbers. And as you know ..or maybe you were not aware that the Cabot has V.G ,,,Visible Gold. All of these and many more reasons to discuss the value of the Cabot property. Also I would like to say I believe the Lucky Property is one also that some drilling already done on the south lucky property. ...... ""we are still discussing Rusty.""..... No sir We are discussing all of Kats Property's. The Handcamp property has had additional work like the ling cutting trenching all the time we were drilling on the RR....I know that is not your style.....to be simultaneously working on many property's at the same time ....and that reminds me. Kat in the Scroll on the Kat Website announced that they were working together on the RR ....also Warrant said "RR is right on the main road" ...So Warrant said that the Lucky's have had a ton of samples taken off. Aldo by now I am sure that the Lucky's have had more work than We know. *** Visible Gold bottom right photo!! *** you may continue talking about the RR, and others or just the RR,,,,this is your choice ....I did hear that Geo Newf is also excited about the RR