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"But I believe they said drilling would not commence until sometime this fall."
Who is they, and in what PR was this stated?
Let me guess......you can't think of it at this time, right???
Maybe that's because it was never stated that RR wouldn't be drilled until the fall. Not once has anyone from KAT made a public statement that this would occur.
You continue your attempt at baseless bashing so you can get in cheaper before this makes it's next leg up. Other than your charting skills you have zero credibility here. Don't you realize that yet??????????
"Now, realisticly speaking, the only real float will be those who sell their shares so the actual float will be much smaller than 161 million."
This is a great point. KATG will be very tightly wound and the PPS could really take off once the shares are distributed. I think many of the longs (myself included) will be holding our KATG shares for higher returns and the demand for shares could be pretty high with the already known outstanding Phase 1 results. KATG is going to be very exciting to watch once the shares are distributed.
Just like many of us here thought, RR drilling is very near.
Exactly, and A little info from the company wouldn't hurt either.
Agreed, and those of us with free KATG shares will be very happy when that occurs. In the long run, it will pay off big time to stay the course with Ken and his team.
I am not happy with today's action but I remain focused on the big picture and will see this through long term. It is not always easy to stick with KATX when your dealing with a lot of emotions that come from watching the daily PPS movements, but patience has and will continue to pay off.
Keep waiting forever because it doesn't exist. He is the lowest of lows around here and has built a reputation for being a spineless manipulator.
He will post BS nonsense and because he can read a chart pretty well a few people might listen to him. But, anyone with a brain around here knows he has big motives and posts accordingly.
Same with Scottrade! haha echo in here?
IMO- break through .15's early, and run to .18 - .185 by EOD.
Again, IMO this is a very important clue as to what we can expect in the near future:
From today's PR:
"A second phase starting this fall is in planning and will include additional line cutting, induced polarization geophysics and diamond drilling."
Hmmmmm, I wonder what Ken has planned between now and phase 2 of HC in the fall??? RR drilling would be my guess!!
Rusty Ridge should be ready for the drill to hit the ground now or in the very near future!
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: 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.
Also, KAT Exploration has received numerous inquiries regarding recent developments within the company. Our investor's relation department felt it would be advantageous to post a Flow Chart on our web site under 'Properties,' to clarify the present structure and the future direction of the company. President and CEO Ken Stead stated, "We are working hard to build shareholder value in both of our companies and is in a process of taking all our high grade copper and other IOCG properties under KAT Exploration to the next major stages of development.
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 Inc. to be materially different from the statements made herein.
Here, I have some results for you.........
"Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width)."
AND
Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5 m (2.6 m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width). Three other holes (DDH-002, 003 and 005) also intersected strong gold mineralization over wide widths as shown in the summary table. The gold is typically accompanied by elevated silver, lead and zinc.
HAHAHAHAHAHAHAHAHA
Now man up TR, we are waiting................
The PR hit at 2:05pm today and many investors had no idea until after hours. Tomorrow could be explosive.
I will take your 10, 20, 50 day MA, shooting stars and whatever other fireworks you see, and raise you huge first phase drilling results and a big white candle.
How bout them apples? haha
I think that is an outstanding decision. This has tremendous long term potential for growth and is a true gem in a sea filled with garbage penny stocks.
This is only the beginning........
"A second phase starting this fall is in planning and will include additional line cutting, induced polarization geophysics and diamond drilling."
Hmmmmm, I wonder what Ken has planned between now and phase 2 of HC in the fall??? RR drilling would be my guess!!
KAT Exploration, Inc. and Bella Viaggio, Inc. Handcamp Drilling Intersects Very Encouraging Gold Mineralization at Shallow Depth
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to announce that the drilling program at their Handcamp Project intersected very encouraging gold mineralization at shallow depths. Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width).
Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5 m (2.6 m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width). Three other holes (DDH-002, 003 and 005) also intersected strong gold mineralization over wide widths as shown in the summary table. The gold is typically accompanied by elevated silver, lead and zinc.
Results of the current exploration program indicate that the mineralized zone at Handcamp is outlined well by induced polarization geophysics. The current drilling program tested the mineralized zone for approximately 0.9 km along strike (trend) at 250m to 300m spaced intervals and to a maximum vertical depth of 200 m. DDH 012 is the southwestern most drill hole of the current program and is approximately 600m southwest of the main Handcamp showing. During the second phase of exploration, the mineralization in DDH 012 will be tested to depth and along strike to the northeast and southwest where the IP anomaly has been traced a further 500 m and remains open. Two other induced polarization anomalies subparallel to that delineating the Handcamp mineralized zone remain to be tested by diamond drilling. One, about 350 m to the northwest, has been traced for 1.2 km and remains open and the second is about 900m to the northwest, and has been traced for 700 m and remains open. The two anomalies are viable targets for testing in the second phase of exploration.
Trenching completed at four locations north and south of the Main Hand Camp prospect exposed disseminated sulphide mineralization in altered volcanic rock that contains anomalous gold, silver, lead and zinc concentrations over an approximate strike length of 600 m and over widths of up to 20 m in trenched rock exposures.
Ken Stead, President CEO, states, "The first phase of exploration, which included induced polarization geophysics, trenching and 1640m of diamond drilling in 12 drill holes, has now been completed on the Hand Camp Property. A second phase starting this fall is in planning and will include additional line cutting, induced polarization geophysics and diamond drilling. With data collected so far and the very encouraging results from this first phase, the company feels that this project warrants a full scale exploration program to determine the true significance of the deposit. With just four areas drilled at such wide intervals within such a large structure and the fact that we intersected gold in all 12 drill holes, we feel there is high potential for further encouraging results within this mineralized structure. Also the number of targets yet remaining to be tested outside this determined structure lends itself to a high degree of optimism that this project will be of great value to the company."
Phase 1 Handcamp Diamond Drill Results
Length Au Ag
Hole # From (m) To (m) (m) (ppb) (g/t) Zn (%) Pb (%) Cu (%)
----------------------------------------------------------------------------
DDH-004 29.10 50.00 20.90 1204 15.1 0.22% 0.13% 0.02%
including 29.10 35.00 5.90 3148 42.6 0.51% 0.36% 0.04%
including 29.10 31.00 1.90 6282 111.6 0.59% 0.43% 0.05%
including 29.10 30.00 0.90 10813 222.4 0.60% 0.56% 0.07%
----------------------------------------------------------------------------
DDH-012 27.50 45.30 17.80 1028 6.3 0.51% 0.28% 0.02%
including 36.00 42.30 6.30 2210 10.6 0.83% 0.36% 0.03%
including 36.00 39.50 3.50 3480 16.8 1.34% 0.63% 0.05%
--------------------------------------------
including 36.80 38.60 1.80 5486 23.6 1.44% 0.91% 0.05%
including 37.80 38.60 0.80 8523 36.8 1.35% 0.78% 0.06%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDH-002 93.00 101.00 8.00 1031 18.4 0.23% 0.28% 0.08%
including 93.00 96.00 3.00 2114 31.1 0.17% 0.18% 0.12%
including 95.00 96.00 1.00 4486 75.9 0.10% 0.21% 0.12%
----------------------------------------------------------------------------
DDH-003 36.80 46.00 9.20 817 20.2 0.30% 0.27% 0.10%
including 36.80 41.00 4.20 1036 30.7 0.39% 0.41% 0.09%
including 36.80 37.50 0.70 4579 134.2 0.80% 1.09% 0.24%
----------------------------------------------------------------------------
DDH-005 39.00 61.00 22.00 1162 10.0 0.27% 0.14% 0.03%
including 39.40 42.40 3.00 2057 29.9 0.49% 0.14% 0.06%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DDH-001 67.00 77.00 10.00 310 4.9 0.19% 0.11% 0.05%
including 74.00 77.00 3.00 466 9.1 0.41% 0.22% 0.13%
----------------------------------------------------------------------------
DDH-006 116.00 125.00 9.00 506 6.3 0.47% 0.26% 0.06%
including 116.00 120.00 4.00 806 11.7 0.87% 0.56% 0.12%
----------------------------------------------------------------------------
DDH-007 196.00 202.00 6.00 222 5.0 0.67% 0.13% 0.03%
including 196.00 198.00 2.00 430 8.0 0.42% 0.04% 0.02%
----------------------------------------------------------------------------
DDH-008 40.00 41.00 1.00 500 1.2 0.62% 0.13% 0.14%
48.00 50.60 2.60 644 17.2 0.35% 0.33% 0.12%
including 49.80 50.60 0.80 1120 35.3 0.32% 0.67% 0.31%
----------------------------------------------------------------------------
DDH-009 61.50 63.30 1.80 431 3.1 0.27% 0.15% 0.04%
69.00 70.50 1.50 1138 47.4 0.92% 0.36% 0.15%
----------------------------------------------------------------------------
DDH-010 91.20 93.20 2.00 619 13.1 0.08% 0.07% 0.03%
----------------------------------------------------------------------------
DDH-011 159.40 160.10 0.70 676 1.8 0.15% 0.01% 0.04%
166.80 170.20 3.40 453 7.5 0.29% 0.12% 0.06%
including 169.60 170.20 0.60 1974 32.2 0.53% 0.25% 0.13%
----------------------------------------------------------------------------
Geochemical analyses and assay data consistently and routinely return anomalous gold, silver, lead, zinc and copper values over considerable widths. As an added bonus the distribution of these elements is uniform in comparison to many gold deposits that are subject to the nugget effect enhancing the potential for the delineation of economic concentrations of polymetallic mineralization.
The Company's exploration work on the Handcamp Project is supervised by J. Wayne Pickett, M.Sc. P.Geo., a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador and a Qualified Person as defined in NI 43-101. Mr. Pickett has verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
Jack Zwicker
KAT Exploration, Inc.
Investor Relations
Ph 902-497-3188
111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width)
That is a lot of silver!!!!!!!!!!!!!!!!!
How about a ticker of KAT$?
OUTSTANDING NEWS!!!!!!!!!!!!!!!!!!!!!!
It's possible I suppose. Again, the ticker really doesn't mean squat. I am just thrilled to put all this BS behind us and concentrate on much more important things.
I am sure it will change to KATG eventually. The symbol is virtually meaningless, but the name change is the important part and it seems like it will be done tomorrow.
This is excellent news.
This is great news, and a big relief. Soon we can move forward and leave all this symbol change BS behind and concentrate on what's in the ground.
Oh he isn't going anywhere. Time for baseless bashing in post after post all day long.
I hope they release HC results tomorrow morning. I would enjoy nothing more than to see people like you chasing this all the way to the friggin moon.
Not only are we green, we are green on very nice volume. This could be the start of a huge move.
We need some volume here if this run is to continue.....
.12 X .124 now
Looking good! I just slapped the ask for another 500K. IMO Something is going on behind the scenes here........
I would like to know if the system could be altered someday so that the vehicle owner could disable the Powerlock system without the use of a separate key. To me this would be seen as a small drawback to an auto manufacturer wanting to use this technology for mass production in their vehicles.
Thanks!
Nice DD indeed.
I do however find it strange that this product has been on the market for years, and continues to just be sold on a few websites to the general public. If this technology is as good as it seems, one would think that a major player in the auto industry (insurance, auto manufacturer, etc.) would have purchased the rights or made an agreement for mass production.
IMO- A lot rides on the management team here. I am going to try to do some DD on these guys and see what can be uncovered.
Gotcha, thanks. I am playing the momo, but I am intrigued by the product. I would think the auto insurance industry would be all over this.
This is an interesting product indeed. The only concern I have is if they have had this product on the market for years, why have they not signed a deal with an auto manufacturer or other company for distribution on a larger level? Having a great product and being able to market it are two different things.
Yup, just slapped the ask myself. Things are about to get really interesting around here.............
"and then 4 weeks or more for results to be presented!"
It depends if they pay extra to have the results expedited from the lab. If so, it could be much quicker than 4 weeks.
That is my plan. I have funds clearing tomorrow and plan to add to my position over the next week or so (beginning with tomorrow morning).
Has the company indicated if they plan on releasing updates during the drilling process, or if they plan on holding off until completion and a formal report is written by their GEO?
"Are we waiting on anything aside from the lab and the geo?"
Many feel that we are waiting for BVIG to transfer over the KATG before results are released. I do not believe that this is the holdup. I think we are waiting for the GEO to finish his report on the first phase of drilling. It is also possible that his first phase is not even complete yet, so we could be waiting another week or more.
Agreed, and furthermore I don't see this as any indication of poor drill results what so ever considering this sale took place only days into the drilling.
"another week of summer gone!"
For who, for what????
Everything the company has set out to do has been done on or close to schedule. I assume when you point to summer going by that you mean good weather to drill in? The SEC holdup with the transition of BVIG to KATG has absolutely nothing to do with the companies ability to drill their properties.
Thanks, I knew there was a MB friendly word to sum him up other than #$^%$^*!
haha
NOT TRUE. When your out you make various statements about this being way to risky of an investment and even imply that Ken and his team are misleading the shareholders. When your in this stock, KATX is the greatest investment in the entire market with a top notch executive team. You totally and completely change your tone about this company.