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KAT's plan....
The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.
Nice map showing the river Shorton..Thanks! :o)
Kadin, since you speak of the Bibiani/NOBLE area as a whole in the history here:
Maybe you should check out what is happening now CURRENTLY (May 2012) for NOBLE:
http://www.nobleminres.com.au/live/wp-content/uploads/2012/05/Mining-and-production-update_FINAL_10052012.pdf
http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/CaesarsReportMiningTop2520121.pdf
Check out Google Earth... there is a river that is about 400m to the North and N.East of Ekom Eya....which I have read swells during the rainy seasons into the wide shallow valley area that KAT talks about. :o)
Tailings of the old mine were deposited in a wide shallow valley lying to the east of the ore trend. This valley drains north-easterly into the semi perennial Pamunu River
Road, NEW Road to KAT's Ekom Eya....not river.
Google Earth only updates satellite images every 1-3 years. That is why we have to rely on current information....like the NOBLE Mineral Resource's maps of the area to see there is a new road to KAT's Ekom Eya property. from Mar 2012 (see below)
Understanding Google Earth imagery
This article explains:
How Google Earth imagery is not in real time
When Google Earth imagery is collected
Why imagery is sometimes blurry
How to provide imagery for public use
When is Imagery Collected?
Google Earth acquires the best imagery available, most of which is approximately one to three years old. The information in Google Earth is collected over time and is not in 'real time'. For example, it's not possible to see live changes in images.
Gump.....
Good gold prospects do not sit around dormant for long. Gold is always in style. Since the original mining program stopped ages ago, NO ONE has come in to restart it.
KAT Gold's Managing Director for Africa is Thomas Brookes, formerly CEO and founder of Global Gold, who for more than 30 years, has been involved in the exploration and extraction of natural resources from drilling for oil and natural gas in Canada's high arctic to working in the gold fields of northwest British Columbia and the Yukon Territories. Mr. Brookes has a long established presence in Ghana West Africa having opened an office in Accra, Ghana in 2004 and has travelled extensively through all of the major Gold producing areas, including those off Burkina-Faso.
During these travels Thomas has met with the principles of several ongoing Gold mining operations and has also gained firsthand experience in the social skills necessary during negotiations with the local dignitaries and also the procedural elements regarding dealings with various Government departments. With Thomas Brookes leading the way in supervising the production of the Ekom Eya mining operation, along with planned acquisitions of other Gold prospects, KAT Gold Holdings Corp believes it will become a major contender within the African Gold mining industry.
Mr. Stead - CEO stated “Thomas Brookes is a seasoned professional with a reputation for getting things done. He has operated extensively in Ghana and other countries in the regions. His “boots on the ground experience” is invaluable and substantially reduces, if not completely eliminates any learning curve. Our next step planned is to ramp up Gold Production at the Ekom Eya mine which we believe is a very significant Gold deposit.
Details of the Ekom Eya mining operation can be view at www.katexploration.com under the title “Business Summary” in the "Most Popular" section on the home page.
Hey Graham, :o) If you also look at the Initial Company Information and Disclosure Statement - Adequate and Current Information Statement-First Q 2012 http://www.otcmarkets.com/stock/EXTO/financials
Page 1 You will see this:
"As of April 26, 2012, the Company's number of shares authorized was as follows: Common shares 850,000,000, Preferred shares 25,000,000 of which 684,716,049 common shares and 2,000,000 Preferred shares were outstanding (the outstanding Preferred shares were Series A; no Series B Preferred are outstanding). Of the outstanding common shares, 480,671,049 shares are freely-tradable. The number of shareholders of record was approximately 17o."
http://www.otcmarkets.com/financialReportViewer?symbol=EXTO&id=81381
Also, the Sept 2011 Q talks about the Preferred:
"The 2,000,000 shares of preferred stock are restricted as required by law and have not been converted into common shares. The preferred stock carry ”super” voting
rights of 1,000 votes per preferred share and 1 to 1 conversion into common
shares. The preferred stock was implemented as a “poison pill” to prevent the
company from a hostile takeover."
http://www.otcmarkets.com/financialReportViewer?symbol=EXTO&id=69762
I don't believe these are new and are only to be converted 1,000 to 1 share for voting rights or 1 to 1 conversion into common. IMO
Great post Thanks ShortonCash...The new road goes right to KAT's claim lot....
KAT's claim lot is the rectangle shape running North South... right where the new road leads to. (see maps below)
Why would they build a road and run power and choose the most direct route to the plant?
What does a haul road to a mining site full of tailings to a plant that processes gold mean?
We already know that the Govt provided money to bring power to the Ekom Eya for the Co-op, and if you check Google Earth, there is no village there. http://www.accessmylibrary.com/article-1G1-189590954/gh2-2million-life-line.html
Why in all of Ghana where power supply is so bad they chose to spend money to run power to a used up old mine?
On that particular map..it is labled Appendix 1- Drilling Area
On another map (in yellow) those areas are AuAnomalies (see below)
Now... would you tell us why would they build a road and run power and choose the most direct route to the plant???
and...What does a haul road to a mining site full of tailings to a plant that processes gold mean???
We have already shown that the Govt provided money to bring power to the Ekom Eya for the Co-op, and if you check Google Earth, there is no village there.
Why in all of Ghana where power supply is so bad they chose to spend money to run power to a used up old mine???
PLANT location and current Pits! shown in RED
Gump......
And Tink -- Red spots on maps mean ZILCH !!!!!!!!!!!!!! If you think all of them are old pits I don't think there ever was a pit on the North Bibiani.
The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.
eiddle...The road goes right to KAT's claim lot....
KAT's claim lot is the rectangle shape running North South... right where the new road leads to.
You can see the rectangle shaped claim lot here too.
Here is a close up of the same rectangular claim lot from KAT's summary
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
The Ekom Eya does not belong to NOBLE.... so of course they haven't. Will they ever? We do not know. Right now it belongs to Kat Gold Holdings Corp.
They have already stated that it is within their prospecting license:
This is also confirmed by the Noble company here
http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Mineral-Resource-Estimate_FINAL_100301.pdf
"Commission granted a small scale gold mining concession comprising 24 acres (0.097 sq.km) on 4th April 2007 in respect of an area immediately surrounding the old Bibiani North shaft to Ekom Eya Co-operative Small Scale Mining Society for five years renewable. This small scale mining lease falls within the Bibiani North Donkoto Prospecting Licence." page 12 same report
Well...I am out of posts for today! Everyone have a great evening.
The New (Mar 2012) NOBLE map tells quite a lot....don't you think?
It is Labeled Drilling Area
I will be waiting for information from KAT when they are ready to give it.
But until then, NOBLE is providing some hints for us to find. :o)
We find information and post it for everyone to make their own minds up.
I wonder if Google has any new Earth Satellite maps?
Nice Homevendor! The new road goes right around the Grasshopper site to the Bibiani North KAT Gold Holding Property! Ekom Eya! :o)
Homevendor's Post from Katx board : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75608353
And right through the NOBLE Processing Plant
http://www.infomine.com/index/pr/PB173303.PDF
http://www.nobleminres.com.au/live/wp-content/uploads/2012/03/Noble-presentation-MINESMONEY-HONG-KONG_23032012.pdf
Drilling Area/Road ~ Map is on both of these links.
Nice Homevendor! The new road goes right around the Grasshopper site to the Bibiani North KAT Gold Holding Property! Ekom Eya! :o)
And right through the Processing Plant
http://www.infomine.com/index/pr/PB173303.PDF
http://www.nobleminres.com.au/live/wp-content/uploads/2012/03/Noble-presentation-MINESMONEY-HONG-KONG_23032012.pdf
Map is on both of these links.
Have you seen the data????????? that KAT Gold Holdings talks about????
If not then I suggest you wait for more information too.
What geologist makes a decision/determination about a claim without seeing the data?? geeeeez :o)
I will wait for more info as it is released from the company.
Kadin.....
When did I ever say "like to like" that was your statement.
I said "I believe KAT has purchased a very promising area. "
Then I gave links to the Satellite areas Noble is drilling, proving up and digging pits at. Getting closer and closer to the KAT Gold Holdings Corp Bibiani North Ekom Eya property.
Please do not mis-quote me.
Kat Gold Holdings Business Summary says: "ALL available data"
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
I will wait for further information from Ken ~ Kat Gold Holdings.
Kadin, Lots of companies..... give info about "neighbors"
PMI does it:
http://www.pmigoldcorp.com/s/Investors.asp
Volta does it:
http://www.voltaresources.com/s/Ghana.asp?ReportID=390077
Asante Gold Corp
Keegan Resouces
http://www.keeganresources.com/s/Ghana.asp
and the list goes on......and on.
and Kat Gold Holdings Ekom Eya Property is in the NOBLE exploration license, the same mineral belt, satellite anomalies.....etc. as close as 1.5 km from the Noble pits.... NOBLE has pits 1 - 1.5 km from each other that are being made into 1 large pit....
THE Golden Triangle...many companies tout to be here....and some even tout to being close to the Bibiani! KAT Gold is part of the Bibiani!
]
Process tailings and "The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site."
Read it all here:
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
They have a plan!
Must be a new road they have made right up to the Bibiani North mine, KAT Gold Holdings Ekom Eya property! Must be for drilling access they have planned for the Northern area!
>"Continue drilling to identify additional satellite resources"
>"Evaluating options for underground development beneath main and satellite pits"
http://www.nobleminres.com.au/live/wp-content/uploads/2012/03/Noble-presentation-MINESMONEY-HONG-KONG_23032012.pdf
GOOGLE MAP link
http://wikimapia.org/#lat=6.4833098&lon=-2.3016165&z=16&l=0&m=b
Page 9 Appendix 1 ~ Drilling area Map
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
I believe you are looking for this post?
:o)
Kaad_g Member Profile Kaad_g Member Level
Share
Saturday, March 24, 2012 2:14:32 PM
Re: Gooddolphin post# 580
Post # of 1602
CDOC made about 1.5 cents a share last year. 10X earnings would put it at about .15/share. 20X earnings would put it at about .30/share. Some of these little growth companies are at 100X earnings so I think I'm being pretty conservative.
They have 5 patents, Greenhouse Investments Limited owns 23,576,986 shares; Vision Opportunity Master Fund Limited owns 3,806,900. They have $1.4 million sitting in the bank and $2 million in assets. They do have a loan to pay, but it looks like they're on the road to getting that payed off as long as business keeps up; and it looks like it is.
Is there another Pink Sheet company set up like this one? If there is, please tell me because I want to be in it.
To put this in perspective; how many Pinkies out there actually make any money....ever. How many Pinkies never dilute their stock? Heck how many pinkies out there are just scams? There are Pink Sheet companies out there losing tons of money, with 10 times the shares and 10 times the float, yet they are trading in the same price range as this one. If you were to look at it from that perspective, this should be trading 10 times what it is now. I suppose the reason this stock isn't higher right now is because it's a real company that relies on it's financial results instead of promotions. Or maybe because the field they're in just isn't as exciting as some other fields....I don't know. All I know is that when you compare this company to all the other pinkies out there, there is no way it should be trading this low.
Even if CDOC doesn't show a profit in this next quarterly, they are still undervalued because they have shown they can make money, and the PRs lately have shown they have a lot of future potential.
Lots of new (Mar 2012) info for Bibiani Area....
I believe KAT has purchased a very promising area. Check out the map from these links. Links are a MUST read too.
KAT's Ekom Eya lies "within" the Bibiani North Exploration License, and is part of the Satellite pits and anomalies.
http://www.infomine.com/index/pr/PB173303.PDF
http://www.nobleminres.com.au/live/wp-content/uploads/2012/03/Noble-presentation-MINESMONEY-HONG-KONG_23032012.pdf
"Tonnage Increase Walsh and Strauss Pits"
"Further potential from additional satellite pits with ongoing exploration"
"Significant exploration upside at Northern & Southern Bibiani,..."
Now they are finding, with the gap between Walsh and Strauss pits, they could possibly become one large new pit.
NOBLE continues to drill and prove up the Satellite areas.
Share Structure as of last Q
CDOC Security Details
Share Structure
Market Value $5,210,777 a/o May 11, 2012
Shares Outstanding 74,439,665 a/o Mar 22, 2012
Float 34,615,664 a/o Mar 22, 2012
Authorized Shares 150,000,000 a/o Mar 22, 2012
FLOAT:
Dutch Member Profile Dutch
Share
Wednesday, March 28, 2012 3:39:54 AM
Re: Dutch post# 793
Post # of 1593
only 7.231.778 float >>>>
Float 34,615,664 a/o Mar 22, 2012>>>
Greenhouse investment LTD holds 23,576,986
vision opportunity master LTD holds 3,806,900
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73748049
Please provide a link that VALE has ended thier Option with KAT properties....Thanks. We just don't know yet.
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
We will eventually see the data.
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
We will eventually see the data.
Here is KAT's plan....
http://sphotos.xx.fbcdn.net/hphotos-ash3/522195_400609936636393_100000621705094_1253386_1225851012_n.jpg
The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.
Here is KAT's plan....
http://sphotos.xx.fbcdn.net/hphotos-ash3/522195_400609936636393_100000621705094_1253386_1225851012_n.jpg
The balance of the resource estimate of 1,380,887 tons @ 6.0g/t represents a potential 266,380 ozs. This can best be accessed by an open pit operation. Thereafter, underground development and mining could be undertaken to access the deeper unexplored ore body. Favourable topography and the virtual absence of overburden over much of the permit is a key benefit in assessing the approach to the workings as well as minimising extraction costs. The national electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township (about 7km), a district capital with good infrastructure and social amenities, are all additional advantages for a future mine site.
Yes Abe....it is funny... some here don't want any information to be investigated on the N. Bibiani ~ Ekom Eya.
Where do they think Ken gets JORC compliant info from?
It is from the past work done on the property.
http://www.katexploration.com/PressReleases/Business_Summary_Kat_Gold_Holding_Corp.pdf
All the past history on the property is found with these other companies that had the property... geeez
http://www.goldoz.com.au/fileadmin/goldoz/Free_Downloads/GoldOz_2011_NMG_Report.pdf
http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Satellite-Reserves_Final_09Nov2011-signed.pdf
http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Satellite-Reserves_Final_09Nov2011-signed.pdf
Yes...KAT's Ekom Eya is "within" the NOBLE N. Bibiani Exploration License.
From this NOBLE Report: http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Mineral-Resource-Estimate_FINAL_100301.pdf
NOBLE confirmed that in 2007 the Co-op was given the Bibiani North ~Ekom Eya 24 acre parcel. Page 12
The Minerals Commission granted a small scale gold mining concession comprising 24 acres (0.097 sq.
km) on 4th April 2007 in respect of an area immediately surrounding the old Bibiani North shaft to
Ekom Eya Co-operative Small Scale Mining Society for five years renewable. This small scale mining
lease falls within the Bibiani North Donkoto Prospecting Licence.
Yes :o)
As in.... Pope... a person on i hub that is.... :o)
Pope even met him there. :o)