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Another Cornerstone property very Close to KATX Cabot....
Logistically the El Strato gold property is located in an excellent geographic area. The Baie Verte Peninsula has a strong mining culture and skilled labour force with experience in mineral exploration and hard rock mining. A paved highway and high voltage power line lie immediately west of the property and the Nugget Pond gold mill, which is owned and operated by Rambler Metals and Mining PLC, is located just 85 road km to the northeast.
Cornerstone plans to carry out a 1,000 m diamond drilling program to test priority targets this year
http://www.cornerstoneresources.com/i/pdf/CorpUpdate_0511.pdf
The property is located immediately east of the Baie Verte Line, a major regional tectonic structure which along with subsidiary structures, has numerous associated gold showings and prospects. Since the late 1990's, several structurally controlled gold deposits have been developed in the Baie Verte region. These include the past-producing Nugget Pond (475,000 tons at 0.34 oz/ton) and Hammerdown (777,000 tons at 0.41 oz/ton) mines which were owned and operated by Richmont Mines Inc., and the currently producing Pine Cove mine (probable mineral reserves of 2,635,000 tonnes grading 2.07 g/t Au) owned by Anaconda Mining Inc.
The roughly 380,000 in the first year and 25,000 cash payment seem to on par with the KATX deal and Vale deal with Cornerstone... Similiar players.....Similar location.... roughly the same time...taking their time on the 2010 drill results
http://www.cornerstoneresources.com/i/pdf/CorpUpdate_0511.pdf
Red Cliff and Deer Harbour projects: Vale Exploration Canada Inc. (“VEC”) has fulfilled all its obligations in year 1 of the Red Cliff and Deer Harbour option agreement, and the option has now entered into year 2. In late April, VEC made the requisite $25,000 cash payment to Cornerstone due on the 1st anniversary date of the agreement and exploration expenditures totaling approximately $380,000 have been filed for the properties. Currently VEC is carrying out a thorough review of the 2010 exploration and diamond drilling results, and 2011 exploration work will depend on conclusions resulting from that review
KATX Rusty Ridge and CACHE neighbor still work on the Cornerstone Princes....
Phase 2 follow-up program in the fall of 2011
http://rareearthinvestingnews.com/3195/cache-exploration-inc-rare-earth-exploration-in-canada/ Has good map
The Louil Hills property is located in eastern Newfoundland on the Bonavista Peninsula, in close proximity to Musgravetown. The property is composed of 94 claims that total 5,569.5 acres. The Louil Hills is close to a small airstrip, powerlines and a water supply. Route 233 and a paved road intersect the property, which provides Cache with access via logging roads and trails. By incurring exploration expenditures and payments to the vendor, Cache has the possibility to obtain an 80% interest in the Louil Hills property.
Previous detailed geological mapping, sampling geochemical, and geophysiscal surveys, as well as drilling were completed by Cornerstone Resources on the property. Mineralization has revealed Zr-Nb-Y as well as Cu and Pb hosted within felsic volcanic rocks and mafic dykes. Due to a 570 ppm Y and 490 ppm Nb in the Bull Arm Formation, the Louil Hills property is a highly favourable exploration target in Newfoundland.
Cache has recently completed a ground exploration program. The program consisted of scintillometer prospecting, geological reconnaissance and collection of surface samples. The purpose of the Phase 1 program was to identify potential drill targets for the Phase 2 follow-up program in the fall of 2011
One new one and an a really old one...
Rusty Ridge and Ken go back to 2002 and Cornerstone...
The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area
http://www.nafinance.com/Listed_Co/english/cornerstone_e.htm
On April 05, 2002, Cornerstone Capital Resources Inc. announced that the Company had received the results of a 3-D magnetic inversion completed on data over a portion of the Ken's Mountain magnetic anomaly on the South Princess property. The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area. The property is located on the Bonavista Peninsula, Eastern Newfoundland, and is 100% owned by Cornerstone
one of the important areas of interest in the Province of Newfoundland and Labrador for REE and stratiform type copper deposits
http://mineprospector.com/projects.html
Cabot Katx and Weyburn Investments Limited ('Weyburn')and Cornerstone have additional connections.......
CORNERSTONE CAPITAL RESOURCES INC. ("CGP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 7, 2011
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Option Agreement dated June 20, 2007 (the 'Agreement') among Cornerstone Capital Resources Inc. (the 'Company'), Thundermin Resources Inc., and Weyburn Investments Limited ('Weyburn'). The Company has elected to extend the option with Weyburn by making a payment of $750,000 through the issuance of shares. In total, the Company will issue 2,613,240 common shares at a deemed price of $0.287 to Weyburn.
The Agreement was disclosed in the Company's news releases dated May 1, 2007 and June 21, 2007
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpController?GetPage=NoticesContents&PO_ID=1023998&NOTICE_ID=164870
Cabot Copper Gold and Cobalt......
Is Rick UK still going to talk to Ken? Maybe we could get some more in information from the core samples....like what temperature was the mineralization formed.
The bulk of the subeconomic Cu-Au mineralization is associated with the hematitic alteration assemblages. Microanalysis by proton ion probe (PIXE) of hypersaline fluid inclusions in magnetite-rich assemblages, however, demonstrates that significant amounts of copper (>500 ppm) were transported by the early-stage high-temperature (>400°C) fluids responsible for the magnetite-rich alteration. These brine inclusions contain multiple solid phases (liquid + vapor + multiple solids) including chalcopyrite in some cases. In comparison, inclusions of the hematitic stage are relatively simple liquid + vapor types, with homogenization temperatures of 200° to 300°C and containing 1 to 8 wt percent NaCl equiv. The Br/Cl ratios of the magnetite-forming fluids measured by PIXE lie beyond the range of typical magmatic and/or mantle values, allowing for the possibility that the fluids originated as brines from a sedimentary basin or the crystalline basement.
Sulfur isotope compositions of chalcopyrite and pyrite demonstrate that sulfur in both alteration assemblages was derived either from cooling magmas and/or crystalline igneous rocks carried by relatively oxidized fluids (SO42– H2S, 34Ssulfides from –5 to +2) or from crustal sedimentary rocks (34Ssulfides from +5 to +10). Oxygen and hydrogen isotope compositions of waters calculated for minerals of the magnetite-rich assemblage have 18O values of +7.7 to +12.8 per mil and D values of –15 to –21 per mil. The only available 18O and Dfluid values for the hematitic assemblage are +4.7 and –9 per mil, respectively. The isotopic compositions of both fluids, coupled with the available literature data, can be explained in terms of fluid reequilibration with felsic Gawler Range Volcanics or other felsic igneous rocks in the region and with metasedimentary rocks of the Wallaroo Group at low water-to-rock ratios prior to their arrival at the mineralization sites.
The lack of significant copper mineralization associated with magnetite-forming fluids that carried cop
http://econgeol.geoscienceworld.org/cgi/content/abstract/102/8/1415
Association of the copper-gold mineralization with the hematitic alteration in the subeconomic prospects can be explained by a two-stage model in which preexisting hydrothermal magnetite with minor associated copper-gold mineralization was flushed by late-stage oxidized brines that had extensively reacted with sedimentary or metamorphic rocks. The reduction of these brines, driven by conversion of magnetite to hematite, resulted in precipitation of copper and gold. The oxidized brines may have contributed additional copper and gold to the system in addition to upgrading preexisting subeconomic Cu-Au mineralization. When compared to published models for the Olympic Dam deposit, the new data for fluids in subeconomic Fe-oxide Cu-Au prospects of the Olympic Dam district indicate the diversity of origins of iron oxide-copper-gold systems, even within the same geologic region.
sub-economic copper and gold, by oxidised fluids produces
haematite alteration and upgrades copper and gold
KATX Lucky 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu [/b
http://ih.advfn.com/p.php?pid=nmona&cb=1267833742&article=40470975&symbol=NO%5EKATX
Kat Exploration (OTC-Pink Sheets: KATX) is happy to report that its exploration program carried out this summer on its 100% wholly owned “Lucky” Property has been a real success.
Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approximately 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon. The most recent work uncovered several large areas of semi-massive to well disseminated chalcopyrite approximately 4 miles on strike from the open pit which reveals the highest copper grades to date.
This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.
To secure an area of interest the company recently staked 1225 acres of new land mass where some recent grab samples produced copper results of .5% along with anomalous gold.
More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.
KATX neighbor Pine Cove
Anaconda Mining reports record gold production at Pine Cove: 344.2 troy ounces in a single pour
Canadian News Wire | May 20, 2011
Anaconda Mining Inc. (“Anaconda”) (TSX: ANX) is pleased to announce that, on May 4, 2011, it shipped a record amount of gold, 344.2 troy ounces, in a single pour at its Pine Cove gold mine (“Pine Cove”). The production was during an approximately 7-day period from April 25ththrough May 1st. In addition, overall recovery rates at the Pine Cove mill continue to improve. In the press release dated May 2, 2011, Anaconda reported that overall recovery had reached the low to mid 70% range. During the period from May 1st through May 15th, overall mill recovery was approximately 80%.
“Following up the record shipments in April with our largest single gold pour in the first week of May demonstrates the continued progress at Pine Cove,” said President and CEO Dustin Angelo. “Ore throughput capacity has been very consistent at 950 to 1,000 tonnes per day for several weeks and now the overall mill recovery rate is reaching anticipated levels. At this rate, we expect May’s shipments to exceed April’s volume.”
Headquartered in Toronto, Canada, Anaconda is a mining and exploration company focused on operating the Pine Cove gold mine located on the Baie Verte Peninsula in Newfoundland
KATX neighbor Ming mine transitioning from explorer to mine producer.
http://www.proactiveinvestors.com/companies/news/7925/rambler-metals-mining-announces-positive-results-from-ming-mine-feasibility-study-7925.html
Rambler Metals & Mining announces positive results from Ming mine feasibility study
The final feasibility study of the project, which is located at Baie Verte, in Newfoundland and Labrador, Canada, confirmed an initial 6-year mine life at 630 tonnes per day with an average annual production of 7.7 million lbs of copper, 11,600 ounces of gold and 42,600 ounces of silver. Production is targeted in Q2 2011.
Total production for the 6 year mine life is expected to be at 46.24 Mlbs (million pounds) of copper, 69,468 ounces of gold and 255,388 ounces of silver.
The total revenue is projected to be US$210 million with unit revenue estimated to be US$167.52 per tonne.
Initial capital costs were estimated at US$25.5 million, while sustaining capital costs have been placed at US$27.9 million during the life of the mine.
For the first two years, the project is expected to support an operation producing 24.6 million lbs of copper, 24,455 ounces of gold and 101,644 ounces of silver as the high grade 1807 copper zone and gold rich 1806 zone are brought online.
Rambler is set to invest US$1.4 million in exploration and definition diamond drilling during the first two years to increase the mineable reserve and extend the known high grade ore bodies.
The company called today’s news “another dramatic step” in transitioning from explorer to mine producer.
2 in 1983 Today over 100 hardly seems like old claims and old dogs.
There is Gold in Them Thar Hills
http://www.nr.gov.nl.ca/nr/mines/prospector/matty_mitchell/gold.html
Prospecting for gold in Newfoundland and Labrador appears to have been limited to a period between the late 1800's and 1940, but began again in the early 1980's due to increases in the gold price. A geological map of the Baie Verte area, produced in 1983, shows only 2 or 3 gold occurrences, including the Goldenville deposit, near Ming's Bight, which was found in the late 1800's and a couple of small quartz veins containing gold on the Rambler property. Today, there are at least 100 known gold occurrences, one of which, Pine Cove near Ming's Bight, is now a producing gold mine. Two other gold occurrences in the Baie Verte Peninsula, Nugget Pond near Snook's Arm and Hammerdown near King's Point, also produced gold from 1997 to 1999 and between 2001 and 2004, respectively
The odds improve in the Baie Verte Over 125 occurrences of gold are known to exist in the region along with base metal deposits including copper and nickel metals. Nice map in article Katx Cabot to the north
http://www.eagleridgeminerals.com/baievista.html
Baie Vista property - location of claims
Historic data reveals that at least 7 documented mineral occurrences exist within the Baie Vista property boundaries and numerous others exist within 50 – 1000 meters from the property boundaries. These include gold, copper, chromium and asbestos, minor silver and nickel indications are also documented. Company staff also made a new gold discovery of in late 2008 during a brief field examination. Gold values up to 5.9 g/t (soils) and 6.75 g/t (rock) are reported from past work on the property.
To date EagleRidge has only carried out minimal reconnaissance work at the Biae Vista property; however limited rock sampling did return 6.7 g/t gold found in grab samples. A complete Phase 1 exploration program of mapping, geochemistry and prospecting will be carried out during the summer of 2010. This program will consist of an 8-person field mapping and prospecting crew working for about 20 days.
ERM has added an additional 13 claims in the Micmac lake region on the Baie Verte Peninsula, approximately 40 kilometres to the south of the community of Baie Verte,, Newfoundland. These claims were staked to cover several known gold showing that were discovered and worked on by Noranda in the late 1980’s. The historical gold showings are known as the Crow Hill South and Raven zones. Both showings are spatially associated with the Crow Hill topographic linear. Historical exploration work in the area consisted of sampling, geophysics, trenching and limited diamond drilling.
Mineralization is structurally controlled and hosted in quartz veins with intense alteration of the host rock. Channel samples over the Raven zone returned historic surface channel sample values of 1.88 g/t Au over 4 metres and 2.19 g/t Au over 1 metre from diamond drilling. The Crow Hill South Zone yielded historic assays of 1.03 g/t Au over 12 metres from surface channel sampling and 1.87 g/t Au over 11 metres from diamond drilling. Mineralized float in the area returned historic assay values up to 16 g/t Au
Two modern gold mills exist within 1-2 hours drive from the property. One is owned by Anaconda mining the other by Crew Gold. Potential could exist for custom milling and/or bulk sample testing. The Baie Verte peninsula has numerous active exploration companies that could be amenable to sharing of services. Over 125 occurrences of gold are known to exist in the region along with base metal deposits including copper and nickel metals.
Baie Vista Project
This project consists of 196 claims approximately 4700 hectares of exploration land on the Baie Vista peninsula. The project is targeted for gold and copper. The region is presently active for both commodities with companies such as Anaconda (gold), Rambler (copper), and Marathon PGE (PGE’s), as well as numerous others. The area also was home several historic high grade mines including the Terra Nova and Tilt Cove copper mines.
Baie Vista property - location of claims
Historic data reveals that at least 7 documented mineral occurrences exist within the Baie Vista property boundaries and numerous others exist within 50 – 1000 meters from the property boundaries. These include gold, copper, chromium and asbestos, minor silver and nickel indications are also documented. Company staff also made a new gold discovery of in late 2008 during a brief field examination. Gold values up to 5.9 g/t (soils) and 6.75 g/t (rock) are reported from past work on the property.
To date EagleRidge has only carried out minimal reconnaissance work at the Biae Vista property; however limited rock sampling did return 6.7 g/t gold found in grab samples. A complete Phase 1 exploration program of mapping, geochemistry and prospecting will be carried out during the summer of 2010. This program will consist of an 8-person field mapping and prospecting crew working for about 20 days.
ERM has added an additional 13 claims in the Micmac lake region on the Baie Verte Peninsula, approximately 40 kilometres to the south of the community of Baie Verte,, Newfoundland. These claims were staked to cover several known gold showing that were discovered and worked on by Noranda in the late 1980’s. The historical gold showings are known as the Crow Hill South and Raven zones. Both showings are spatially associated with the Crow Hill topographic linear. Historical exploration work in the area consisted of sampling, geophysics, trenching and limited diamond drilling.
Mineralization is structurally controlled and hosted in quartz veins with intense alteration of the host rock. Channel samples over the Raven zone returned historic surface channel sample values of 1.88 g/t Au over 4 metres and 2.19 g/t Au over 1 metre from diamond drilling. The Crow Hill South Zone yielded historic assays of 1.03 g/t Au over 12 metres from surface channel sampling and 1.87 g/t Au over 11 metres from diamond drilling. Mineralized float in the area returned historic assay values up to 16 g/t Au
Lots of information on Cabot...
like Lucky as well
http://finance.yahoo.com/news/Kat-Exploration-Reports-iw-626018849.html?x=0&.v=1
--(Marketwire - 01/27/10) - Kat Exploration Inc. (Pinksheets:KATX - News) has been busy uncovering new copper showings on its 100% wholly owned "Lucky" Property with very impressive malachite and chalcocite discovered in its latest trenching.
The trenching took place within the same horizon where recently discovered copper returned results of up to 2.5% CU strata bound within the more sandy beds of the sediments.
As digging was most difficult in the shattered rock zone, the trench was only excavated to approximately 2 meters with copper throughout the entire trench and continues at depth as the mineralized horizon containing the copper is up to 300 meters in places throughout the property.
Each new copper discovery on the "Lucky" property lends itself to significantly boosting its potential to a higher likelihood of acquiring a JV partner.
In recent months, the area where the "Lucky" property is located has drawn the interest of a major world class mining company and Kat will continue to bring both the North and South "Lucky" properties to their full potential.
This Press Release contains some photos of the trenching and latest discovery of the new copper.
The type of environment where the "Lucky" property is located has the potential to produce low grade, large tonnage copper deposits similar to those found in the Zambia copper belt.
Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.
http://www.mineprospector.com/documents/Pike_Property_Report.pdf
indentifying a sediment hosted stratiform type copper deposit, likely in the “ Grey – Red Bed Units”. These are the types of deposits that were explored for in the past by Cornerstone Resources and are now gaining the main attention of the recent Vale Canada Exploration efforts
Discovering an economically rich concentration of copper in bedded sediments is no easy task and it is often beyond the finances and scope of the normal prospector, we are no exception. We prefer to use our limited budget too look for structures that could be possible sources of early fluid flow or may have resulted in creating the induction forces that could have played a role in depositing copper and other minerals into the sediments.
Considering the attributes indentified to date on our properties, it could be concluded that there exists a good grassroots discovery potential on these claims. Furthermore the world’s second largest mining company (Vale) has shown by their own staking activities, that we are not alone in thinking that the area deserves further exploration work
KATX CABOT
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.
http://www.nl.dailybusinessbuzz.ca/Provincial-News/2011-06-02/article-2554270/NL%3A-Miner-partners-with-B.C.-companies-to-feed-Nugget-Pond-mill/1
Published on June 2, 2011
Moira Baird
The Telegram The Telegram
Topics : Maritime Resources , Commander Resources , Richmont Mines , Newfoundland , Tilt Cove East
[BAIE VERTE PENINSULA, NL] — Rambler Metals and Mining is busily looking for new ways to feed its Nugget Pond gold mill on the Baie Verte Peninsula.
To do it, Rambler has signed a deal with a pair of mineral exploration companies, Commander Resources and Maritime Resources, to develop new supplies of gold ore.
The three-company alliance aims to capitalize on record-setting gold prices, a pair of gold prospects, and spare capacity at Nugget Pond, the mill Rambler bought for $3.5 million in late 2009.
Both gold prospects are in the hands of Vancouver-based Commander and its spinoff company, Maritime Resources.
“The overall goal of this alliance is that Maritime and Commander have great exploration expertise and they’ve been working in the area for quite a long time,” said Peter Mercer, Rambler’s vice-president of corporate development.
Rambler is the owner of the Ming copper mine in central Newfoundland.
“We’re running a mine ourselves, so there’s a lot of operational experience that we can bring to the table.”
Hammerdown Revival?
One potential source of feed for Nugget Pond is the old Hammerdown gold mine operated for four years by Richmont Mines until it closed in 2004.
At the time, Hammerdown was economical when gold prices were $250 per ounce.
Since then, gold has increased six-fold — raising the possibility that the played-out mine could be feasible once again.
Mercer said Hammerdown contains some gold veins with a grade of less than 10 grams of gold per tonne.
“They weren’t economical at $250 an ounce, but at $1,500 an ounce, it certainly changes things
KATX CABOT neighborhood
http://www.anacondamining.com/reports/PineCoveMarch_18_2005.pdf
Significant by-product gold was produced at the Tilt Cove and Rambler Mines. The Rambler
Mine, hosted by the Pacquet Harbour Group, consisted of several massive sulphide lenses
(including the Ming, Ming West and Main deposits) hosted by felsic and mafic volcanic rocks
and stringer sulphide bodies (East Mine and Big Rambler Pond) hosted by mafic volcanics. The
volcanogenic sulphide bodies have stockwork (feeder) and stratiform zones, the latter having a
conformable relationship with enveloping lenses of chlorite and quartz-chlorite-sericite schists
considered to be metamorphosed equivalents of primary hydrothermal alteration haloes
accompanying sulphide deposition on the sea floor.
Although gold has been mined as a by-product of the VMS deposits of the Baie Verte area, its
recognition in “gold only” epigenetic veins and replacement type occurrences was first widely
noted in the mid-1980s. Gold occurrences were found to be widespread throughout the
ophiolitic and island arc sequences, as structurally-controlled, and in association with, quartz
and/or iron carbonate veins, silicification and/or breccia zones and shear zones, often
accompanied by hydrothermal chlorite and sericite alteration. Pyrite is usually found as the most
common and abundant sulphide. Other sulphides include chalcopyrite, pyrrhotite, sphalerite and
galena. Gold commonly occurs as free particles in the quartz or as fracture and/or lattice
intergrowths within pyrite crystals. This style of gold mineralization and emplacement are
similar to the California “Mother Lode Type” gold deposits (Dearin and Christie, 1986) although
no true “mother lode type” deposits have been located on the peninsula.
According to Evans et al (1998), the Baie Verte peninsula is host to approximately 125
epigenetic, structurally controlled, gold occurrences which cluster along the major, regionally
extensive, structural breaks such as the Baie Verte Line and are concentrated in the Cambrian-
Ordovician ophiolitic rocks and their cover sequences
Kat Exploration Inc. conducted trenching and drilling
at its Hand Camp gold property in central
Newfoundland. Highlights include a drill intersection
of 6.3 g/t gold and 111.6 g/t silver over 1.9 m.
http://www.nr.gov.nl.ca/nr/mines/exploration/explorationactivity/Exploration%20Highlights%202010%20for%20web.pdf
Whether they did it for a jv The claims are now all in KAT
From: Ken Stead [mailto:kstead@katexploration.com]
Sent: Wednesday, January 27, 2010 12:33 PM
To: Matthew
Subject: RE: Claims
Matthew
This is the first time your question has come up and I’m sure glad you raised it as this was something that we didn’t give thought to explaining. However, from time to time you may see claims in my name as well as 2 of my brother’s names Tim Stead (Field Manager) and Melvin Stead ( prospector). The government gives genuine prospectors 30 claims each, every year for a cost of just $10/claim(but not companies)whereas it would cost a company(like Kat) $60/claim. Within our company files we have agreements drawn up stating that all 3 of us KEN, TIM & MILVIN can only stake these 30 claims each year in our names(to save the company money)as having to sign them over to Kat in the case of a JV. This amounts to 90 claims a year(for $10 each) that cost just $900, compared to 90 claims at $60, that would cost us $5400.
However, as a company we can stake as many claims as we wish. More news on that later.
Plan of Operation Dated: June 23, 2011
Over the next twelve months, the Company expects to maintain all of its six
mineral properties and possibly acquire one additional gold property. The
Company intends to drill at least one gold property in a joint venture pending the
availability of additional financing. The Company’s current budgeted cash
requirements of $650,000 will allow it to maintain its existing mineral properties
and to drill on the gold property. With the Company’s on-going financing
campaign, it is anticipated that the Company can increase its budget requirements
and continue to acquire attractive mineral properties. The Company will continue
to employ its current 5 employees along with engaging the services of a geologist
on the monthly contract beginning in the second quarter of 2011.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54557
I, Kenneth Stead, certify that:
1. I have reviewed this Quarterly Interim Report of KAT Exploration, Inc.
2. Based on my knowledge, this disclosure statement does not contain any
untrue statements of material fact or omit to state a material fact necessary
to make the statements made, in the light of the circumstances under
which such statements were made, not misleading with respect to the
period covered by this disclosure statement; and
3. Based on my knowledge, the financial statements, and other financial
information included or incorporated by reference in this disclosure
statement, fairly present in all material respects the financial condition,
results of operations, cash flows of the issuer as of, and for, the periods
presented in the disclosure statement.
Dated: June 23, 2011.
/s/ Kenneth Stead
Name: Kenneth Stead
Title: President/CEO
KATX and Vale...Tickle Cove.....from the old message
Seems like someone is by passing the system....
Little more than a year ago... KATX has been here before may we could ask Rick if Ken had a chance what would he had said or written differently and what would he leave the same....
More KATX and newfoundland background information.
http://gis.geosurv.gov.nl.ca/geofilePDFS/Batch14/NFLD_2777.pdf
http://www.nr.gov.nl.ca/mines&en/geosurvey/publications/cr2002/OBrien_King.pdf
I am not thinking the pps will to the same thing...but there is a connection... more than one. INCO is now VALE. Mr Picket was there before it was INCO.... Vale now has a option to enter into a JV. Vale will need to feed it's beast a multi billion investment. Mr Wheeler is listed as a reference on Mr Pickets resume.....the mine that the use to test the CU grade by bore holes is Voissey Bay.... Rusty Ridge only did 2 bore holes...I not saying it amounts to anything but there are connections and people have made more out of less. footprints in the snow and and who answers the the phone come to mind...LOL
there was a shot from the grassy knoll......
The fact that Mr Picket used Mr Wheeler as a reference at Vale may be most telling...
Quote:
--------------------------------------------------------------------------------
Title:Using stochastic borehole seismic velocity tomography and Bayesian simulation to estimate Ni, Cu and Co grades.
adsabs.harvard.edu/abs/2010EGUGA..1213289P
Authors Perozzi, Lorenzo; Gloaguen, Erwan; Rondenay, Stephane; Leite, André; McDowell, Glenn; Wheeler, Robert
Affiliation:
AA(Institut National de la Recherche Scientifique, INRS-Eau, Terre et Environnement, Université du Québec, Québec, Canada), AB(Institut National de la Recherche Scientifique, INRS-Eau, Terre et Environnement, Université du Québec, Québec, Canada), AC(Department of Earth, Atmospheric and Planetary Sciences, Massachusetts Institute of Technology , Cambridge, United States), AD(Vale Inco, Toronto, Canada), AE(Vale Inco, Toronto, Canada), AF(Vale Inco, Toronto, Canada)
Why stop at .05 LOL
Ken Stead has announced a deep drilling program to begin on this property in the coming weeks. If an IOCG deposit (iron, ore, copper and gold plus REE’s, rare earth elements) are discovered on the property, this will no doubt give this small company and quiet property international attention. When Inco started to drill the Voisey Bay deposit, that stock rocketed from .20 cents to $165.
http://current.com/news/92654539_does-a-very-rare-and-valuable-iocg-property-exist-in-newfoundland-similar-to-the-olympic-dam-in-australia.htm
His unparalleled gift for promotion once had nickel heavyweights Inco and Falconbridge outbidding and out-shouting each other for the right to own the robust Voisey's Bay nickel deposit in Labrador. When the dust finally settled, Inco paid $4.3 billion (about $160 per share on a pre-split basis) for Diamond Fields Resources and a nickel deposit that Inco would later take a $1-billion writedown on before it developed the asset in 2005. It's said Friedland himself pocketed more than $500 million in the deal.
http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives
KATX KATG KAT Cabot neighbor gold mine located on the Baie Verte Peninsula in Newfoundland[/ less than 2 Km away
http://www.mining.com/2011/05/20/anaconda-mining-reports-record-gold-production-at-pine-cove-344-2-troy-ounces-in-a-single-pour/
Anaconda Mining Inc. (“Anaconda”) (TSX: ANX) is pleased to announce that, on May 4, 2011, it shipped a record amount of gold, 344.2 troy ounces, in a single pour at its Pine Cove gold mine (“Pine Cove”). The production was during an approximately 7-day period from April 25ththrough May 1st. In addition, overall recovery rates at the Pine Cove mill continue to improve. In the press release dated May 2, 2011, Anaconda reported that overall recovery had reached the low to mid 70% range. During the period from May 1st through May 15th, overall mill recovery was approximately 80%.
“Following up the record shipments in April with our largest single gold pour in the first week of May demonstrates the continued progress at Pine Cove,” said President and CEO Dustin Angelo. “Ore throughput capacity has been very consistent at 950 to 1,000 tonnes per day for several weeks and now the overall mill recovery rate is reaching anticipated levels. At this rate, we expect May’s shipments to exceed April’s volume.”
Headquartered in Toronto, Canada, Anaconda is a mining and exploration company focused on operating the Pine Cove gold mine located on the Baie Verte Peninsula in Newfoundland, Canada and advancing the exploration and development of its iron ore portfolio in Chile with its joint venture partner, Inversiones SBX Limitada.
On January 14, 2011, Anaconda announced completion of a plan of arrangement with New Island Resources whereby Anaconda has acquired full 100% interest in the Pine Cove mine. Anaconda is now focused on optimizing both throughput and gold recovery in all areas of the circuit. The Pine Cove project employs approximately 44 people during operation: 20 in the open pit, 15 in the mill, and 9 administration staff
Rambler’s project involves mining and processing copper and gold bearing ore from the former Ming Mine on the Baie Verte Peninsula. A Final Feasibility Study completed in late August 2010 suggests that the project will have an initial six year mine life with 650 tonnes of ore processed daily. Employment is estimated at 158 direct employees.
The project has been released from Environmental Assessment. The company has received approval from government agencies to construct a mill building expansion at Nugget Pond and to construct a second route of egress at the Ming Mine, which involves rehabilitation of an old mine shaft. A Mine Dry building is nearing completion at the mine site as well.
Project financing is arranged, the majority of which will be supplied from Sandstorm Gold Ltd. under a “gold loan” arrangement. Current project scheduling suggests production start-up in the second half of 2011. The company also plans to resume exploration for extensions to the known ore zones, the potential of which is considered to be excellent according to company statements.
Rambler recently announced plans to conduct a Preliminary Economic Assessment on the Lower Footwall Zone of the Ming Mine. This zone is known to contain an Indicated resource of 9.5 million tonnes of copper bearing ore at an average grade of 1.66% copper. Rambler also entered into agreements to process gold-bearing ore from small deposits on the Baie Verte Peninsula, the most recent being an agreement with Metals Creek Resources Corp. to process material from the waste dump at the former Tilt Cove min
http://www.geosurv.gov.nl.ca/minesen/mines_commodities/mining_overview.asp
Handicamp neighbor The Teck Duck Pond Operations is located approximately 30 km south of the former Buchans mine in central Newfoundland. At start-up in 2007, the deposit had proven reserves of 4.1 million tonnes at an average grade of 3.3% copper, 5.7% zinc, 59 grams/tonne silver and 0.9 grams/tonne gold. This is an underground copper-zinc mine with annual production of approximately 650,000 tonnes employing approximately 324 people over a 7.5 year mine life. An active exploration program is under way in an effort to extend the mine life beyond 2014; a Feasibility Study on the Boundary deposit is continuing and will be completed by the end of quarter 2, 2011.
KATX KATG KAT neighbor gold mine located on the Baie Verte Peninsula in Newfoundland[/ less than 2 Km away
http://www.mining.com/2011/05/20/anaconda-mining-reports-record-gold-production-at-pine-cove-344-2-troy-ounces-in-a-single-pour/
Anaconda Mining Inc. (“Anaconda”) (TSX: ANX) is pleased to announce that, on May 4, 2011, it shipped a record amount of gold, 344.2 troy ounces, in a single pour at its Pine Cove gold mine (“Pine Cove”). The production was during an approximately 7-day period from April 25ththrough May 1st. In addition, overall recovery rates at the Pine Cove mill continue to improve. In the press release dated May 2, 2011, Anaconda reported that overall recovery had reached the low to mid 70% range. During the period from May 1st through May 15th, overall mill recovery was approximately 80%.
“Following up the record shipments in April with our largest single gold pour in the first week of May demonstrates the continued progress at Pine Cove,” said President and CEO Dustin Angelo. “Ore throughput capacity has been very consistent at 950 to 1,000 tonnes per day for several weeks and now the overall mill recovery rate is reaching anticipated levels. At this rate, we expect May’s shipments to exceed April’s volume.”
Headquartered in Toronto, Canada, Anaconda is a mining and exploration company focused on operating the Pine Cove gold mine located on the Baie Verte Peninsula in Newfoundland, Canada and advancing the exploration and development of its iron ore portfolio in Chile with its joint venture partner, Inversiones SBX Limitada.
On January 14, 2011, Anaconda announced completion of a plan of arrangement with New Island Resources whereby Anaconda has acquired full 100% interest in the Pine Cove mine. Anaconda is now focused on optimizing both throughput and gold recovery in all areas of the circuit. The Pine Cove project employs approximately 44 people during operation: 20 in the open pit, 15 in the mill, and 9 administration staff
Rambler’s project involves mining and processing copper and gold bearing ore from the former Ming Mine on the Baie Verte Peninsula. A Final Feasibility Study completed in late August 2010 suggests that the project will have an initial six year mine life with 650 tonnes of ore processed daily. Employment is estimated at 158 direct employees.
The project has been released from Environmental Assessment. The company has received approval from government agencies to construct a mill building expansion at Nugget Pond and to construct a second route of egress at the Ming Mine, which involves rehabilitation of an old mine shaft. A Mine Dry building is nearing completion at the mine site as well.
Project financing is arranged, the majority of which will be supplied from Sandstorm Gold Ltd. under a “gold loan” arrangement. Current project scheduling suggests production start-up in the second half of 2011. The company also plans to resume exploration for extensions to the known ore zones, the potential of which is considered to be excellent according to company statements.
Rambler recently announced plans to conduct a Preliminary Economic Assessment on the Lower Footwall Zone of the Ming Mine. This zone is known to contain an Indicated resource of 9.5 million tonnes of copper bearing ore at an average grade of 1.66% copper. Rambler also entered into agreements to process gold-bearing ore from small deposits on the Baie Verte Peninsula, the most recent being an agreement with Metals Creek Resources Corp. to process material from the waste dump at the former Tilt Cove min
http://www.geosurv.gov.nl.ca/minesen/mines_commodities/mining_overview.asp
Hore than hoping...
Still holding out for a Rusty Ridge IOCG announcement...
There could be much more information at hand...for those that can read the profiles..
http://www.nrcresearchpress.com/doi/abs/10.1139/E09-047
Commencing in 1988 and continuing for 5 years, Lithoprobe acquired a series of high-resolution seismic experiments within and near base-metal mining camps in Canada, including the Abitibi subprovince of Quebec and Ontario, the world-class Sudbury Ni–Cu mining district, the Buchans mine in Newfoundland, and the Thompson Ni belt in Manitoba. This work, undertaken in close cooperation with the Geological Survey of Canada and major Canadian mining companies, stimulated an intensive and broadened series of followup studies with the common objective of assessing potential applications of multichannel seismic (MCS) imaging for deep mineral exploration and mine development
Both Lithoprobe and followup seismic studies, boreholecalibrated with data, reveal that lithologic contacts that are characterized by large impedance contrast and significant lateral continuity, such as igneous intrusive contacts between mafic and felsic rocks, are the most likely features to be imaged with the MCS techniques. In some camps such as Buchans, however, faults and shear zones are better imaged than lithologic contacts. In either case, these studies show that well-designed and carefully processed seismic profiles can provide a valuable geophysical tool for interpreting the stratigraphic and structural framework of mineral systems and, more rarely, direct-detection capabilities for deep ore deposits.
KATX neighbor in Rare earth investing news as a new member....
see map may explain why shaylee was dropped...?
KATX news soooon....... Claims updated new VALE president...used to be head of Canada Vale and INCO....HMMMMMMM
KATX maybe the reverse happened a while back and Karma has set in and all things even out....momo pump vs momo dump LOL
Up 11.5 percent KATX on 5.3 million shares by 11 oclock 4 times the ten day average...go
U believe what U will I believe the in science...
Previous Exploration
The area in which the Property is located has had a sporadic history of exploration and development since discovery of the Handcamp gold and base metal prospect in 1928. Trenching was carried out on the prospect in 1930 and six short drill holes completed in 1941. Orenada Mines Ltd. conducted a short 14-hole drilling program on the prospect in 1956. Geophysical surveys including magnetic and electromagnetic surveys were conducted on the property between 1956 and 1977. From 1977 to 1979 Falconbridge Ltd. carried out geological, geochemical and geophysical surveys in the prospect area followed up by trenching and a nine-hole diamond drilling program. During 1982, US Borax Ltd. and Pacific Coast Mines Inc. carried out an induced polarization geophysical survey and subsequently a seven drill hole approximately 684 m drilling program.
Results of the previous exploration returned generally encouraging results that prompted KATX to option the Property in 2006 from certain prospectors. At that time, KATX established an approximately 2 km by 2 km exploration grid centered on the Property. Soil sampling on the grid revealed elevated concentrations of gold, copper and zinc related to the main Handcamp structure as well in an area on the west side of the grid along a chain of small ponds. Several rock samples collected in the area also returned elevated gold. The Property was returned to the vendors in 2007. A high resolution airborne magnetic survey completed by the Geological Survey of Canada in 2008 revealed the presence of northeast-trending magnetic structures, one of which coincides with the location of the Property.
Current Exploration
During 2009, KATX once again optioned the Property from the prospectors. Exploration completed by the Company and KATX during 2010 included two induced polarization (“IP”) geophysical surveys, trenching and diamond drilling, the latter focusing on the northeast trending structure that includes the Property. Induced polarization surveys especially the chargeability measurements are useful for detecting conductive minerals such as pyrite (iron sulfide) or chalcopyrite (copper-iron sulfide) disseminated in rocks below the surface.
Results of the induced polarization survey carried out on the exploration grid established in 2006 successfully traced the mineralized structure containing the Property along a length of approximately 1200m (See “Figure 3”). Other IP chargeability anomalies were detected parallel to that containing the Property including one that coincides with elevated gold and copper concentrations in soil samples near the chain of small lakes on the west side of the exploration grid. On the southern portion of the surveyed area, the suspected Handcamp mineralized zone appears to bifurcate or split into two structures.
Trenches were completed on IP targets along the suspected Handcamp mineralized zone to verify the presence of mineralization. The trenches locally exposed mineralization that contained elevated gold, silver lead and zinc concentrations along a length of approximately 600 m with widths of up to 20 m. A chip sample across the main Handcamp showing returned a weighted average of 7.3 g/ton (ppm) gold over 8.5 m.
A total of 1,640 m of diamond drilling in 12 drill holes was completed as part of the 2010 exploration program on the Property.
Eleven of the holes were located in three fences spaced at approximately 250 to 300m intervals, the central fence located near the Property. The 12th hole was located about 600m south of the Property and was drilled to test the southern extension of the IP anomaly.
All of the drill holes successfully intersected alteration and mineralization associated with the Property. Estimated true widths of the mineralized zone intersected vary from 15 to 50m. The structure was tested to a vertical depth of 185m, or approximately 135m below intersections completed during previous drilling by US Borax and Falconbridge along the Property. Anomalous values of gold, silver, lead and zinc were intersected in all of the holes.
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Read more: http://www.faqs.org/sec-filings/101027/Bella-Viaggio-Inc_8-K.A/#ixzz1N8TNAcgF