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Nice map....Of Cache next to Rusty Ridge
And whats more? Cache exploration expanded their claims bordering Rusty Ridge.
Too bad for Cache that the sweet spots were already taken by KATX.
They must be so confident in the leftovers, not?
Quote:
--------------------------------------------------------------------------------
Dr. Lentz has completed a detailed review of historical data on the property and recommended
that the claim block be expanded at the Louil Hills REE Property.
An application was filed on May 10, 2010 for 57 claims additional to the existing 37 claims under option in the
Louil Hills Property (March 5 and 8 news releases). These additional claims were granted on June 9, 2010.
--------------------------------------------------------------------------------
Quote:
--------------------------------------------------------------------------------
Dr. David Lentz states that "based on what I have seen to date, I believe that the Louil Hills area holds potential for an IOCG target (Iron oxide copper-gold) containing iron oxide with base metals, precious minerals, and rare earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia."
b]Olympic Dam Fe content is 26 wt percent, predominantly in the form
of hematite . . . Hematite-dominated IOCG systems
include some examples in which chalcopyrite is the only
significant hypogene Cu sulfide
www.unige.ch/sciences/terre/mineral/publications/onlinepub/williams_ironoxidecoppergold_seg05.pdf
Olympic Dam—a Proterozoic hematite-dominated system:
The Olympic Dam deposit (Fig. 11) has a global resource of
3,810 Mt with 1.0 wt percent Cu, making it one the world’s
largest Cu deposits. The deposit also contains 0.5 g/t Au, and
400 g/t U3O8 (WMC Ltd. press release, 31 October 2004). A
previously published underground mining reserve was 605
Mt with 1.8 percent Cu, 0.5 g/t Au, 3.6 g/t Ag, and 500 g/t
U3O8 (WMC Ltd. Annual Report, 1999). The resource also
contains significantly elevated Ag, F, Ba, and LREE and its average
Fe content is 26 wt percent, predominantly in the form
of hematite [color=red][/color](Reynolds, 2000
Cache Exploration Inc. [CAY-TSXV] is
active on its REE projects that include the
Welsford properties near St. John, New
Brunswick, the Cross Hills property near
Grand Le Pierre, Newfoundland and the
Louil Hills property near Musgravetown
on the Bonavista Peninsula, eastern
Newfoundland where an exploration
program is under way. Claims adjoining
the southeast portion of the Louil
Hills property are being explored by
KAT Exploration.
www.montororesources
Maybe it has something to do with who's name the claim was in...and the did not past on it....they never controlled it...
(1) South Princess Property (Iron oxide/porphyry)
South Princess Property is located 40 kilometers north of Trans Canada Highway at Clarenville, eastern Newfoundland. The Company owns 171 claims (4,275 hectares). There are 2 prospective areas which include Ken's Mountain (Fe oxide) and Holloway Cove (porphyry). Cornerstone has completed airborne magnetometer and radiometric surveying, line cutting, ground mag and VLF, gradient IP, and soil sampling. Company wants to attract a joint venture partner to diamond drill geophysical and geochemical targets.http://www.nafinance.com/Listed_Co/english/cornerstone_e.htm
The conglomerate unit is also strongly hematite altered, look at the pictures of the cores....the last ones the dark vein black ones.....
IOCG deposits are characterized by high iron-oxide content, exhibited in such
minerals as magnetite or hematite, and low sulphur content. Element associations
include copper, gold, cobalt, uranium, REE’s, barium and fluorine. The deposits
occur in a variety of geological settings and range in age from late Archean to
Cretaceous. Deposits are localized along high- to low-angle faults which are
generally splays off major, crustal-scale faults. They display a variety of
morphologies from stratabound sheets to stockwork breccia zones. Virtually all
deposits are formed by replacement of host rocks.
Limited exploration is taking place west and south of Matachewan. A number of
chalcopyrite bearing veins have been mapped in the area, as well as a number of
auriferous quartz veins with minor associated chalcopyrite
was drilled to a depth of 719.3 meters to test a
coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic
intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole
(including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could
explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick
magnetic mafic dyke
Ken Stead President/CEO states: “We are very encouraged by the presence of rare earth element rich rocks at Rusty
Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the
grades improve . While there is much work yet to be carried out to determine the significance of this discovery, we
feel we are in the very early stages of a most interesting project”.
The property will be re-examined in light of potential for additional rare earth element mineralization. Further
testing of the main Rusty Ridge zone as well as other targets including strong IP (Induced Polarization) anomalies
some of which are coincident with gravity anomalies will be considered.
The property is located near roads, seaports and power infrastructure, improving the economics of any mineral
deposits found.Rare earth elements reported were analyzed by Acme Labs in Vancouver using their Group 4B
analytical method, which produces accurate analyses of the rare earth and associated elements.
The Company's exploration work on the Rusty Ridge Project is supervised by Barry A. Sparkes, B.Sc. (Hons.),
P.Geo. and J. Wayne Pickett, M.Sc. P.Geo., both members in good standing of the Professional Engineers and
Geoscientists of Newfoundland and Labrador. Mr. Sparkes and Mr. Pickett have verified that the results presented
above have been accurately summarized from the official assay certificates provided to the Company.
Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper
245 meters of the 344 meter long hole. Initial ICP analytical results indicated elevated lanthanum and cerium
through several sections, these, along with other selected sections of the drill hole were sent for a complete suite of
rare earth and associated elements. Results have been received for the upper section of the drill hole from 30 to
40.1m. The analyses indicate a 7.5m interval from 30.0 to 37.5m having elevated rare earth elements and zircon,
returning a weighted average of 0.164% TREO (including yttrium) consisting of 0.113% LREO and 0.051% HREO
(including yttrium). The results also returned 0.268% zirconium dioxide, 0.039% Nb2O5 (niobium oxide) and
0.022% rubidium. A table showing all analyses will be posted to our website in the near future. Additional samples
are being analyzed for the rare earth and associated elements from other deeper sections of the hole and will be
reported when received.
Improvements in ground EM methods were associated with the development of SQUID technology and distributed-acquisition systems; the latter also impacted ground induced-polarization (IP) methods. Developments in borehole geophysics for mining and exploration were numerous. Borehole logging to measure physical properties received significant interest. Perhaps one reason for that interest was the desire to develop links between geophysical and geologic results, which also is a topic of great importance to mining geologists and geophysicists. ©2011
library.seg.org/getabs/servlet/GetabsServlet?prog=normal&id=GPYSA7000076000004000W31000001&idtype=cvips&gifs=yes&ref=no
Many new ways to catch a dog that were not around before, and alot more understanding of how to take some of the risk out of the exploration....BHEM it is not just the cores any more....and gold is projected to go way up, and south american countries will nationalize mines....that leaves Canada......
http://www.dmec.ca/ex07-dvd/E07/pdfs/45.pdf
The Voisey’s Bay deposit provides examples of extreme high
conductivity-thickness, magnetic complications, and application
of ground, and airborne gravity.
Figure 14: Voisey’s Bay Plan Map of Deposits (from Balch 1999)
EM and BHEM - The Voiseys’s Bay deposit was discovered by
prospectors in 1994 (Crebs, 1996) Lower grade NiS
mineralization outcropped on Discovery Hill resulting in a
gossan with a significant visible-spectrum, high frequency
natural source EM anomaly! Subsequent ground surveying with
the MaxMin horizontal loop (HLEM) system and ground
magnetics traced the conductive zone under cover into a wider,
highly conductive zone. Drilling of this highly anomalous zone
led to the discovery of the Ovoid deposit . Following the initial
discovery, a DIGHEM frequency domain helicopter EM survey
was flown and numerous surface and BHEM surveys were
carried out to assist in exploration and to develop a geophysical
signature for the deposit. Surveys have included ground and
airborne magnetics and gravity, Geotem AEM , surface and
borehole large loop EM, AMT, and IP/resistivity. (Balch et al
USGS Hand Camp Felsic volcanogenic massive sulfide deposit, 14 of 40 in Newfoundland province
http://tin.er.usgs.gov/vms/show.php?labno=750&place=fCA05
Quote:
--------------------------------------------------------------------------------
Country
Canada
State or province
Newfoundland
Geographic location:
49°16'55"N, 56°4'50"W
(-56.080556, 49.281944)
Deposit type Felsic
We have had the core samples obtained thereby analyzed. Based upon that review, management is cautiously optimistic about the results and is currently in the process of determining our next steps.
9
From the same source...
Irrespective of any interest shown by such a company, if any, we do not anticipate that our own activities will extend beyond conducting a preliminary feasibility study, where such a study is defined as having (i) established that a particular mining project appears viable, and (ii) concluded that an effective method of mineral processing can be adopted and is reasonably likely, in the reasonable opinion of a qualified person, to lead to the determination that all or a part of the mineral resource can be classified as a mineral reserve.
We carried out Phase I, the initial phase of exploratory drilling, during the summer of 2010. We have had the core samples obtained thereby analyzed. Based upon that review, management is cautiously optimistic about the results and is currently in the process of determining our next steps.
9
To put this in perspective, even 3g/t is considered a good find.
This is huge..... The Duck Deposit mentioned is the same Duck Pond mentioned in the Little Deer Deposit...1.2 billion dollar resource...KATX Handcamp is much larger, and much larger than the listed USGS claim as the added 5311 arces........and Cabot is just to the North.. Close-ology the area is similiar to the geology of the California Mother Lode.....the Baite Verte...
KAT Exploration has recently added a further 5,311 acres to its Handcamp claim. A test drilling programme has been planned and the drilling company has been appointed. This is a well respected multinational drilling company called Cabot Drlling - www.cabo.ca/. The drilling starts 2nd week of May and is likely to take 3 to 4 weeks to complete, although updates as to progress during this period are very likely.
According to CEO Ken Stead: “[Handcamp] is just south of the new gold processing facility which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also.”Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.
What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada.
1 billion for KAT, which any company would be happy to own
Of additional interest at Lucky is the fact that on 19 November, just prior to the announcement of the initial sample analysis results on 23 November, KAT Exploration claimed an additional 18sq kilometres of land just north of the original 2sq kilometres claim that has so far been explored. Not much is known about this second area (North Lucky), but it is not included in the option agreement with VALE and as such can be considered as a separate asset in its own right that is owned wholly by KAT Exploration.
Shareholders await further news about South Lucky which is anticipated imminently. Meantime CEO Ken Stead has been quoted as stating that in his opinion the copper at Lucky could be worth around $10bn or more, which at 20% ownership would bring $2bn of value for KATX. The email that contains this statement is shown below:
Posted by: siljie
Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million (which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working… in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
I sent this today around noon time Europe, and got a reply in 45min.
investorshub.advfn.com/boards/read_msg.aspx?message_id=51220992
Why do you say that did someone invent a subistute for copper? no
Do you think the copper got up and moved...?
It is still good information....and with a billion dollar find like Little Deer the numbers have huge potential....
The bottom line is Mr. Timothy Froude, Sr. Vice President Exploration, Mr, Wayne Pickett have worked together before and Mr Froude called RR an IOCG type deposit ten years ago, the have made other finds and KATX has a great team in place to make the take the next step.....
The site visit was carried out by Independent Consultant, Barry Cook, P. Eng. Discussions were held with personnel from Crosshair including Mr. Timothy Froude, Sr. Vice President Exploration, Mr, Wayne Pickett General Manager Newfoundland and other project geologists on site
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=
www.crosshairexploration.com/s/NewsReleases.asp?ReportID=314412&_Type=News-Releases&_Title=Crosshair-Delivers-Significant-Growth-to-Upper-C-Zone-Uranium-Resource-and-...
The Company's exploration work on the Central Mineral Belt Uranium Project is supervised by J. Wayne Pickett, P.Geo., a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador, the Vice President Exploration of the Company and a Qualified Person as defined in NI 43-101. Mr. Pickett has verified that the results used for the resource estimate were accurate from the official assay certificates provided to the Company. A QA/QC program has been implemented consisting of standard, blank and duplicate samples.
Three-dimensional block models utilizing ordinary kriging to interpolate grades into each 10m x 10m x 4m high block were used for the resource estimate. For the purpose of the current resource estimate
All it confirms is Potential fair enough potential at double the g/ton....and potential for the Baite Verte....
7.1 grams per ton gold over 27ft. KATX HC
confirms the potential for mineable widths.
Brooke Macdonald, President of Cornerstone, said "The discovery of a new gold-bearing zone grading 3.15 g/t Au over 3.2 m represents the first significantly wide gold intersection to date on the El Strato property, and confirms the potential for mineable widths. We are encouraged by these results and will be planning a follow-up exploration drilling program to further evaluate the extent of the gold mineralization."
Seem that it a mineable find to Cornerstone.......and by the way it right next to Cabot...........
http://finance.yahoo.com/news/Cornerstone-Intersects-315-gt-ccn-2421918365.html?x=0&.v=1
KATX Cornerstone PPS share comparison.....I will take them all day long.. you should read your posts on the other boards....
You are really going to call some one to start a promo?
You really think Cornerstone should be higher but you want to compare PPS To KATX ?
They might have a billion dollar resource and yet you question how KATX might get their PPS over .o6 cent a share.
From the Cornerstone Ihub board
relikwie post# 106
I should add some side info to this PR:
* Total indicated and inferred resources is 276 million lbs, calculating this (using a $4 p/lbs) gives us 1.2 Billion US dollars worth of copper.
* The metallurgy is excellent with 98% recovery
* Ore is high grade
* The deposit lies close to a sea port and better yet, there is an existing underground mining infrastructure which should make mining this cheaper and quicker.
* VEC will have a smelter nearby in Newfoundland operational in 2012. With the seaport and a smelter around the corner this could become an interesting and viable mine.
* Mineralization still continues in depth and to the west of the deposit, so the resources can be added to in the future.
So B402
Do you still want to make claim on the KATX price per share based on cornerstone...LMAO
KATX has been looking for a gold mine in the USA for 10 months just because the claims are not in KATX name does not mean anything the Cabot claim are in different names....
The rumors are still float around....did the come up with a source for the 2.5 or more..... from my favorite site....LOL
0 godsend74
I wonder which gold mine Mr. Stead is buying in the United States in regards to the latest 8k filing with Kat Gold today
"Based upon the Company’s present cash position, it will need to raise additional capital prior to December 31, 2010 in order to fund further exploration and acquisitions. The Company is in discussions with prospective investors to provide additional funding in exchange for equity. In order to finance further exploration and acquisitions, the Company will need to raise a minimum of $2.5 million
10 months ago
158 grams per ton gold, 94 grams per ton and gold, 82 grams per ton gold,along with excellent zinc, copper and silver numbers
B402 Samples seem to indicate otherwise...LOL They came from somewher
Rock samples were collected over the prospected areas with numerous samples showing significant mineral content with some gold numbers reaching a high of 158 grams per ton gold, 94 grams per ton and gold, 82 grams per ton gold, along with excellent zinc, copper and silver numbers (massive to semi-massive sulfides
A second drill-hole turned up high-grade gold for Balmoral Resources on its Martiniere project, 600-km northwest of Montreal, Quebec, and propelled its shareprice up 20% to $1.83 early in the trading day.
Part of the excitement may stem from Martiniere’s proximity to Detour Gold’s massive Detour Lake project, about 30-km to the west in northern Ontario, where proven and probable reserves stand at 347.5 million tonnes 1.02 g/t gold for 11.4 million ounces contained gold and Detour has started to build an open-pit mine.
In hole 4 at the Martiniere West zone, Balmoral hit a long interval of gold mineralization, 72 metres, 2.58 g/t Au. But it was a high grade section within that intercept – 9 metres, 10.51 g/t Au starting 80 metres downhole, and another 7 metres, 10.58 g/t a few metres deeper – on which Balmoral turned its focus.
“While one never wants to put too much emphasis on a single hole,” Darin Wagner, president and CEO of Balmoral said in a statement, “today’s results confirm the high-grade potential of the Martiniere gold system which has been traced for over 1.20 kilometres along strike and which remains open in all directions.”
Balmoral hit another high grade intercept 60 metres to the southwest of hole 4 a month and a half ago in its first hole of the 2011 drilling campaign at Maritiniere West. That hole also hit a broad section of gold mineralization with a higher grade mid-section. At similar depths, Balmoral reported 72 metres, 2.4 grams gold including 12 metres, 11.18 g/t Au, and 5 metres, 4.53 g/t Au.
paguntaka.org/tag/high-grade-gold-deposit/
USGS Hand Camp Felsic volcanogenic massive sulfide deposit, 14 of 40 in Newfoundland province
http://tin.er.usgs.gov/vms/show.php?labno=750&place=fCA05
Quote:
--------------------------------------------------------------------------------
Country
Canada
State or province
Newfoundland
Geographic location:
49°16'55"N, 56°4'50"W
(-56.080556, 49.281944)
Deposit type Felsic
7.1 grams per ton gold over 27ft.
One 50-yard wide mineralized zone lies within a strata-bound(rock layersdissemination (finely spread minerals) having been traced over a strike length of almost a mile.
The Property is located approximately 20 miles north of Badger, central Newfoundland and 6 miles northeast of an abandoned copper mine. Abandoned logging roads run through the Property, which the Company believes will allow for accessibility and mobility of heavy equipment. One 50-yard wide mineralized zone lies within a strata-bound(rock layers) structurally complex zone which lies near a major east-directed thrust within the Roberts Arm Group (volcanic rocks) and is reflected in folding, shearing (fracturing) and mylonite (fine-grained, compact rock) development. Superimposed on the volcanogenic sulfide mineralization is epigenetic (formed after the rocks were laid down) disseminated gold mineralization. The Company believes that the optimal sulfide mineralization is associated with sericite schist (rocks formed under high temperature and pressure) with veinlets and dissemination (finely spread minerals) having been traced over a strike length of almost a mile.
1700 soil samples were collected by representatives of the Company along the grid, which were assayed for gold and base metals indicating what management of the Company believes to be promising results. Rock samples were collected over the prospected areas with numerous samples showing significant mineral content with some gold numbers reaching a high of 158 grams per ton gold, 94 grams per ton and gold, 82 grams per ton gold, along with excellent zinc, copper and silver numbers (massive to semi-massive sulfides). A chip sample was cut over the main Handcamp gold showing an average of 7.1 grams per ton gold over 27ft.
B402 to end this wrong again only a PR well end this
IMO - my words were again choosen carefully- I did not say that KATX did or did not do seismic testing, the computer generated program, use the values from a history of testing and boring and actual mines, those value and formulas are the used in constructing the 3 models... I know they have been there forever since about 2000 Ken has been very state of the art in his exploration. I would submit that Mr Picket and his friend Mr Wheeler of Vale have likely discussed discuss two hole boring programs.. As Mr Wheeler has given public lectures in Europe on the same...
I do not think give what you and I can find on the internet as state of the art in geophysic would not be used in a $245,000 drilling program that would have count on hitting a certain location of copper or gold, I would believe that there was a plan to the program and a very careful analysis of the a copper leach from every foot of the boring has been measured to deterime the location and direction of the ore body... giving great reassurance to those in the field and with a background in a very similiar geology VB....IMO which is different than yours....in almost every way...IMO which you yourself use to great excess. LOL ROTFLMAF "I am here only to balance statements"....
For a poster that can confirm that RR has the FE that is needed with the information that has been posted and took so long to admit Hemitate was FE and then on the other hand supposedly knows the temperature dependance of the chemical recaction...well you just can have it both ways .... It might be said that person has a motive....
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics
http://www.archive.org/stream/explorationgeoph00jako/explorationgeoph00jako_djvu.txt
Thus the four leading geophysical techniques
relate to the four most common characteristics which can be determined
from the surface : magnetism, density, electrical conductivity, and elasticity,
which are investigated respectively by magnetic, gravitational, electrical, and
seismic methods.
Just look at the I-Box how do you think they get the RR pictures LOL they only had surface samples...where do you think the program that generates the pictures get the core data...surface sample.... look at the computer program they use,,, same as Vales......
No you really hurt your self here...you have not links for anything ....you ask for proof... once proof is here the PPS will be much much high...
B402 Wrong again missed the point
the point is you and Geo Newfie post to no sources what so ever and now you had to use my DD, that you have posted against...LOL
There were no limit on the report it just say the grad students, right out school, where able to do this at 350 meters...
I am sure a major exploration company can do better than some grad students....and I believe that report was a bit dated, use to make the point that corings are not the only why any more to produce data....
No work reported, I would agree,
That does not mean no work,
There is already alot of data to report on RR, HC and Cabot
You can say no work because you do not know no, and stopping by the office is to date the only way that you have reported that you know any more than any one else
Last work reported in 2010,not broke
if they were broke the board and geo would leave, they are too good...
So there must be an account they can draw from or they are confident enough that the pay day will come and the are still here.
I agree, if they really really needed money, they could PR some property and give it a pump and get some money, the IR is on a monthly payment program, or so it has been stated...
Wrong B402
There is no mention of the U of T in his link.....that is the wrong Link. There was another a bunch of geo grad students doing a study... Reread the links and the others no limit very stated...
Cutting and Pasting Cut and Paste DD incorrectly LOL
Couple of Points B402
The post you use to prove CammieCam wrong was a geo newfie reply to one reference to some graduate U of T work some grad student were doing in the field....some of my Cut and Paste DD
which you now and Geo Newfie then tried to use in your proof incorrectly again I might add, read on to the bottom of the post
So after you read through the articles it does appear this can be used in 2 borehole on a camp or district level so work could be done offsite of a claim and with a few boring and the correct model say VB come up with what could preclude the use of assays and drill that you see to want to make your one stand on now...
JMO LOL ROTFLMAO because you and geo newfie are using my Cut and Paste DD incorrectly at that
geo_newfie
Thursday, March 17, 2011 3:09:37 PM
Re: ShortonCash post# 138595
Post # of 161989
From the U of T link you provided:
<For the borehole-to-borehole application, we have successfully mapped conductive zones between boreholes up to 350m apart.>
From the maps it appears that the two drill holes are 1.4 kms or 1,400 m apart. Four times their number
adsabs.harvard.edu/abs/2010EGUGA..12.6004L
we present our methods on synthetic and real data scenarios from the Voisey's Bay massive sulphide deposit in Labrador, Canada.
A single Earth model consistent with multiple geophysical datasets (from different surveys) is more likely to represent the true subsurface than a model consistent with only a single type of data. This is especially true if the surveys sense different aspects of the subsurface and therefore provide complimentary information. For example, surface gravity measurements can provide good lateral resolution but not depth resolution, and borehole-borehole or surface-borehole seismic data can provide good vertical resolution but not lateral resolution. Seismic methods continue to receive interest for use in mineral exploration due to the much higher resolution potential of seismic data compared to the techniques traditionally used, namely gravity, magnetics, resistivity and electromagnetics. However, the complicated geology often encountered in hard-rock exploration can make data processing and interpretation difficult. Inverting seismic data jointly with a complimentary dataset can help overcome these difficulties and facilitate the construction of a common Earth model. We consider the joint inversion of seismic travel times and gravity data. Over the last several decades there has been a fair amount of study into inversion of seismic and gravity data via joint or cooperative methodologies
Mineral exploration is evolving into a more rigorous quantitative science. 3-D GIS provides support for this activity
through an environment in which a rich and diverse set of exploration-related observations can be analyzed and interpreted.
The core tools for developing and exploiting mine-, camp-, and regional-scale 3-D common earth models for the
purpose of targeting new ore or specifi c geologic relationships are now here. It is now incumbent on the industry, with its
wealth of knowledge of specifi c ore forming processes, its rich archive of 3-D data sets, and with a defi nite need to fi nd
the diffi cult and deeper ore, to capitalize on this new technology. Industry, government, and academia are encouraged to
develop partnered 3-D interpretation teams focused on interpreting multi-scale 3-D maps in mineral-endowed belts. It is
essential that these exercises are supported with appropriate human resources in order for 3-D modelling to achieve its
expected goals of enhancing the mineral targeting process and ultimately increasing mineral wealth
A signifi cant development in the mineral exploration
community in recent years is the notion of a ‘common earth
model’ borrowed essentially from the best practices of the oil
and gas industry (Fig. 4). This is a new paradigm for which
our knowledge of a given deposit is stored in a 3-D GIS so
that it can be used by the explorationist. In essence, it is a
mechanism for attributing the commonly shared 3-D space
with all the relevant pieces of information that are needed to
make a 3-D targeting exercise meaningful. It is a multi-parameter
spatial model that provides the possibility of crossdiscipline
target validation and an easy means to examine
spatial and attribute relationships.
For example, in a common earth model, it is a straightforward
task to see if the results of a geophysical inversion
match the distribution of physical rock properties collected
down a borehole through the model
This
forces all of us in the exploration business to go back to being
geologists, because orebodies are geological features. They
occur in a geologic setting, within a specifi c stratigraphic,
structural, and tectonic environment (Galley, 2003), and unless
we develop a good understanding of the geologic controls
and specifi c spatial distribution of those controls over wider
areas, we will not be very successful at predicting deep ore.
The task of making useful 3-D geologic models beyond the
mine head frames and encompassing a whole mining camp
or a region beyond it represents a big leap forward in helping
reduce risk for brown and greenfi elds exploration projects
(Fig. 9). Camp-scale, regional-scale, and even crustal-scale
studies focused on broad-based resources assessments, tectonic
synthesis, and basin analysis are being undertaken by
governments in concert with academia and industry
KATX VEC Cornerstone VEC
all looking for the same type deposits in Newfoundland,
Seems to me they are run very and similiar...
My bet is Ken will do what he did at Cornerstone again very soon
WRONG AGAIN B402 I never said Little Deer was the VEC deal I said so much for the rumor that they were not doing well
Since you started the rumor that they were not doing well I knew you would jump on this with both feet in your mouth....
I was referring to the fact that You also said that Kens Cornerstone deals were not doing well....
That does not seem to be the case..
And the fact the mines are some highly impossible odds you keep throwing out appears not to be the case on the Baite Verte if Ken discovered them first...nothing wrong with my DD something wrong with your basis and assumptions.....
The Little Deer find is huge The Little Deer Deposit contains estimated Indicated Resources of 1,087,000 tonnes at an average grade of 2.9% Cu and an Inferred Resource of 1,950,000 tonnes at an average grade of 2.3% Cu
So much for there not being any new discoveries...
Wrong as soon as you know the deal with shares in the Subsidiaries them you can do a comparisons.....
til then its just apples and oranges..... but do make note there are six different subsidiaries in Cornstone, Katx is on the way to clear up the two IMO.
Subsidiaries:
Cornerstone Ecuador S.A.
Cornerstone International Inc.
Cornerstone Resources Inc.
La Plata Minerales S.A.
Minera Cornerstone Chile Limitada
Santa Barbara Copper and Gold S.A.
On Aug. 18, 2000, the company acquired all of the issued
and outstanding securities of Cornerstone Resources Inc. through the issuance of 18,545,780 Common shares,
1,115,000 options, 3,408,780 share purchase warrants and 246,200 agent warrants. Cornerstone Resources Inc.
was incorporated in Newfoundland and Labrador July 18, 1997.
Background: Cornerstone Capital Resources Inc., through its subsidiaries, engages in the evaluation,
acquisition, and exploration of mineral properties in Canada, Ecuador, and Chile. It explores for gold, silver,
copper, nickel, volcanogenic massive sulphide, rare earth elements, and uranium properties. The company was
founded in 1997 and is headquartered in Mount Pearl, Canada.
Stock Data (Capitalization as of: December 31, 2010)
Stock: Second Preferred | Authorized Shares Unlimited | Outstanding Shares None
Stock: First Preferred | Authorized Shares Unlimited | Outstanding Shares None
Stock: Common no par | Authorized Shares Unlimited | Outstanding Shares 104,389,325
My point is they got the Money from the Government of Newfoundland
Which had a lot of other miners that it could have directed funds to ..... They saw the merit in the KATX claims and got the $100,000. and $84,000 more.... the stock went up to .25 with the cash line item that everyone thinks means the company is broke with never more that $10,000 dollar and yet the company continues...
S0 lets agree that the PPS should be back at at least .06 for now...and then see what the PR brings.....Give some newbies a little hope to venture some money....Many would be happen to have a 400% gain... and then I will join you and harp on some of the things you have point out that Ken and CFO need to get cleared up and cleaned up.
KATX is worth more than .015 and I say up to.06 as things stand today..with out news...
Once proven much the potenial is for much more which if that was the pump up to .25 then that is what people invest in an exploration company and once it is proven with the number of eyes on KATX how long do you think the price will stay ..06 or under I would suggest less that 2 hours....IMO
Disagree B4 100%,,,Positive PRs took Katx to .25 the dump was run by and entity with movitives that most watching the afternoon dumps understand.... Time will tell and IMO that time will be sooon (IR) term not fully understood by anyone.....LOL
The great thing about exploration companies is as long as they have the claims (many of which KATX now has paid enough money to keep active for many many years) and with the Price of gold rises and copper rises.. and the Monster plant comes online....tell me where are the commodities going to come from....they will not be trucked....they will be shipped.... KATX is in a great position to use plants near by HC and possible port locations....
USGS Hand Camp Felsic volcanogenic massive sulfide deposit, 14 of 40 in Newfoundland province
http://tin.er.usgs.gov/vms/show.php?labno=750&place=fCA05
Country
Canada
State or province
Newfoundland
Geographic location:
49°16'55"N, 56°4'50"W
(-56.080556, 49.281944)
Deposit type Felsic
Area of deposit
0.01sq km
Orebody A-axis
0.610km
Orebody B-axis
0.021km
Mineralogy
chalcopyrite
galena
pyrite
Rocks within 5km
Ordovician intermediate volcanics
mafic volcanics
slate
graywacke
siltstone
chert
conglomerate limestone
So again do you think the reason they gave the money in 2010 is still in the ground - I think so....the have change the revnue numbers and have listed $184,000 what is your point they got the grant money from the government agency....that knows where to spent grant money they had a reason.....they put KATX on there map they updated the Handcamp postings.....2011 is not over
Chair of the chamber of mineral resorces for Newfoundland and Labrador, Tim Froude said " was one of P. Geo's that claims that Rusty Ridge has Olympic Dam potential"...and he's not the only one.
Go a head cut and paste it you can just what makes your opinion worth posting...just what is your background?
Then that still must be the plan... it was a good enough plan to take the stock to .25 and IMO its still the plan to take it much higher it just has taken longer....
Great Post Nice Map
Vale-KATX Close-ology