accumulating KATX!
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High Grade info Tink. This is nothing less than more proof that Kat Gold has acquired a very good property indeed. Can you translate the North Bibiani part of the conversation for us?
:)
:58 "And you have also had some signifigent intercepts at Bibiani North" http://www.brrmedia.com/event/99071 Noble is excited about there new drill results around our Bibiani N. Mine! Even the small area they have surounding OUR Bibiani North Mine!!!!
"Old Mine from the 1907-1908 period" Look at the price of gold from that period! 1:45 http://www.brrmedia.com/event/99071
Obvious to me Noble would love to have what we got!
What did Noble just say about OUR Bibiani North Mine?
"It was a HIGH GRADE UNDERGROUND MINE!!!!" http://www.brrmedia.com/event/99071 "NO MODERN EXPLORATION DONE ON IT"
I will along with a Gold MINE, as I believe it is looking more and more likely Kat Gold will revive funding for the Ekom Eya
" Do you have your shares from the first or second distro attempts?? Do you? No."
KATX property's were in KATX
A pink sheet company
Now those same property's are in BVIG
Is BVIG pink?
No it is not
Nor is it considered a shell.
IE UPLIFTED and UPLISTED
Smaller float?
YES
Smaller share structured?
YES
I see the Hard Rock Mine outline that was and still is a Ashanti Goldfields Lode Gold Mine Tink!
A 'NYSE' LISTED MINE!!!!!!!!!!!
Great questions Tink
Here are some more people should consider
1. What was Noble before they reopened the other 'mine' owned by Ashanti goldfields?
A: A Jr Exploration Company just like Kat Gold.
2. Is Noble making a success out of reopening a old Ashanti Goldfields 'Mine'?
A: YES.
3. Did Noble find financing?
A: Yes
Q: Can Kat Gold?
A: I believe so!
Many companies on the Gold Coast are currently Mining property's with much less known history and dril core data than what we know about our N. Bibiani Mine
And the most important question is!
Was the cut off grade of when Gold was about 30 a ounce.... now considered high grade?
YES IT IS!
Our Entire 'North Bibiani Mine' Sat On this same 24 Acres
Ask your self:
What was the price of Gold then?
What is the price of Gold Now?
Because of the price of Gold then. what could they have left behind?
Has the Science of recovering Gold improved?
Why would a NYSE listed company like Ashanti Goldfields build a seven layer deep 'MINE' on 24 Acres if nothing were there?
OUR N. BIBIANI MINE WAS A 'MINE' 7 STORIES DEEP OWNED BY ASHANTI GOLDFIELDS WHO WAS AT THAT TIME LISTED ON THE NYSE
ASHANTI AT THAT TIME WAS THE SECOND LARGEST PRODUCER OF GOLD IN THE WORLD!
ASHANTI WAS THE LARGEST PUBLIC COMPANY ON THE CONTINENT OF AFRICA
PRICE OF GOLD TEN WAS ABOUT 30 A OUNCE!
Great DD Short and Tink! I see the value of Ekom Eya along with many others I am sure do as well
We all know Lode Gold deposits do not need to be sitting on hundreds of acres to be a success
As a child I visited the exact spot where the Calfornia Gold Rush started and it was only a 30 - 40 ft. cave dug in to the side of a small hill of rock.
And as every woman knows
BIG THINGS CAN COME IN SMALL PACKAGES!
YES, we have been accumulating and there has even been new buying from recent KATX members.
Not buying and not selling is a great sign that people are not running or escaping anywhere because HOLDING is a position.
This shows that the majority of our shareholders have not given up and they are holding for the purpose of making a profit.
KATX shareholders have been buying so much that we can understand that they are waiting for more money so they can then accumulate even more. But notice again please that there is no rush to sell, no panic.
On and on SKYHAWK66!!!
CONGRATS TO KAT LONGS!!!!!!!!
Great point MAAPPO!!! Thank you!
Of course real shareholders are concerned.
Who would buy KATX and then not be interested AND concerned about their investment?
Right on MAPPO!!! You can probably guess that at today's ridiculous yet wonderful price, I expect to ACCUMULATE more. This is the perfect opportunity to lower my price per share yet again.
Yes, SKYHAWK66! ACCUMULATION IS THE WORD!!!!
IMO,so very many KATX holders are grasping their shares tightly. Some are even buying more. I hope all our KATX people get enough money to buy more shares.
On and on!!!
I am here for KATX. The one you referred to, has not had a chance to respond (if he even wants to) to your allegation.
KATX will produce very soon. I bought on Thursday and again today.
BVIG is up 72% right now while I am typing this. We waited years, we aren't running away now, and KEN has also not run away.
Maybe Ken found a better deal for all of us, or maybe he is about to announce a better one. Either way, I am glad to stay, and to continue to accumulate.
TRUE! Yes, good point ALANSNOWCROSS2, Ken or Tim never said, "...before the end of the month," it was a top executive from Canco who said that.
The CFO of Canco does not speak for the Steads or for KATX.
Also, I believe that we will be hearing tremendous news VERY soon. For me, KATX is the stock I continue to accumulate.
Yes, great insight ALANSNOWCROSS2! It is exciting to watch our stock's potential build so nicely with so many posts.
There is very little panic selling because the KATX people all know that this is the market, pink sheets or not. It is extremely rare for things to happen exactly when you want them to.
Patience, not panic, has made billions.
Here in New York it is indeed a hot day!! LOL!!!
KATX and Canco will both make beautiful music together and both companies will will up as a result of today's or tomorrow's announcement.
"Bibiani North ore body" :)
Way to go Tink! Great DD!!
Correctamundo SKYHAWK66!!!
KATX owners will soon be smiling and laughing!!!
Some will think, "How can KATX possibly go higher?" and they will sell. To them I say, "Good Luck." To myself I say, ACCUMULATE!!!
We were told that Ken and Manjit would make an announcement, "...before the end of the month." I believe it and I am super glad that today is already June 25th.
HOMEVENDOR!!! Yes, a great week it has been, and even when it just ended with KATX pps at .004, we can sense GLIMPSES OF GLORY coming, as June 30th approaches in only one week from today!
If we could wait two years remaining loyal to KATX, we can handle one week!!!
I am glad that "ACCUMULATION" has been my personal theme with KATX!
HOW MANY TIMES WILL " $33.85 " GO IN TO $1.600 ?
So when they quit mining the Bibiani the price of gold was
"1941 33.85" a ounce
We also know the cut off grade then is a grade today that would make any gold miner today jump for joy!
Welcome to 2012
Not 1941 http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Mineral-Resource-Estimate_FINAL_100301.pdf
WHAT WAS THE PRICE OF GOLD THEN AND NOW?
"1933. Production started in 1939 and ended in 1941
WHAT WAS THE CUT OFF GRADE THEN AND NOW?
1933 26.33
1941 33.85
*Prices from 1883-1994, World Gold Council. Taken from Timothy Green's Historical Gold Price Table , London prices converted to U.S. Dollars. **Prices from 1995-2008, Kitco.com, based on the London PM fix
http://www.nma.org/pdf/gold/his_gold_prices.pdf
People wonder WHY Ashanti quit mining the Bibiani
I DO NOT WONDER
"On June 11, 1897, Cade listed the Ashanti Goldfields Corporation Ltd. on the London Stock Exchange and set up operations at Obuasi on December 24 of that same year. The technique of adit mining--wherein a horizontal passage is dug from the earth's surface into the mine--proscribed by mining engineer John Daw tapped into the most immediately accessible ore in the hills around Obuasi and yielded initially impressive results. The Obuasi mine yielded 2,544 ounces of gold in its first year of operation and 4,673 ounces the second year. This early success, coupled with the devastation of the South African gold trade during the Boer War (1899-1902), fed Ashanti's rapid growth that continued until the uprising of the Ashanti people against British rule in 1900.
The impact of the anti-colonial conflict on Ashanti was devastating. Work was halted, mines became run-down and collapsed due to lack of upkeep. However, the good relations maintained by Daw and Cade with their local employees ensured the safety of the European staff during the hostilities. After the end of the conflict--despite the arrival of the railway line--Ashanti continued to suffer. Output did not return to previous levels, leading to shareholder skepticism over Daw's mining techniques. Edwin Cade died in 1903, leading to a further devaluation of shares. In 1905, an independent assessment of Ashanti operations was carried out by chemist W.R. Feldtmann and mining engineer J.A. MacTear. They criticized Daw's adit mining approach, declaring that the easily reachable ore was nearly exhausted, and that the hills around Obuasi did not contain the rich reefs (veins of ore) once believed. Daw resigned in 1906, and Feldtmann took over as consulting engineer."
Read more: http://www.answers.com/topic/ashanti-goldfields-company-limited#ixzz1yCvQlSfy
About half way down this very old Colonial Repoet from 1927 report is the oldest mention of the
"BIBIANI MINE,
*)$X> B i b i a n i 1927, L i m i t e d , a c q u i r e d f r o m t h e N e w B i b i a n i ,
L i m i t e d , t h e B i b i a n i m i n e a n d t i m b e r c o n c e s s i o n s a n d is e x p e c t e d
t cKh&Vje a ^ g o o d f u t u r e n o w t h a t t h e m o t o r r o a d f r o m D u n k w a h a s
r e a c h e d t h e p r o p e r t y ." http://libsysdigi.library.illinois.edu/ilharvest/Africana/Books2011-05/5530214/5530214_1927_1928/5530214_1927_1928_opt.pdf
PUBLISHED BY HIS MAJESTY'S STATIONERY OFFICE
To be purchased d i r e c t ly from H.M. STATIONERY OFFICE at t he following addresses:
Adastral Hous e, Kingsway, London, W.C2; 120! George St r e e t, E d i n b u r g h;
York St r e e t, Manche s t e r; 1, St. Andrew's Crescent, Cardiff;
16, Donegal 1 Square West, B e l f a s t;
or t h r o u gh a ny Bookseller.
1 9 29
P r i ce 2«. Od. net.
"Major Mineral and Natural Resources
Bibiani District is one of the richest districts in Ghana in terms of mining. The oxysol soils are rich in mineral deposits, making mining the most important and lucrative economic activity in the district. The most notable minerals are gold and bauxite. Gold is mined extensively, especially, at Bibiani where Central African Gold Ltd." http://www.ghanadistricts.com/districts/?r=5&_=135&sa=242
THIS IS WHY I FEEL THE BIBIANI IS SO GOOD
Globally, Ghana remains undoubtedly one of the most prospective countries for gold. There are 3 giant gold projects (>20,000,000 ounces) - Anglogold Ashanti's Obuasi complex, Gold Fields' Tarkwa mine and Newmont's Ahafo mine. There are 5 world class projects (>2,000,000 ounces) - Golden Star's Bogosu-Prestea complex, Anglogold Ashanti's Iduapriem mine, Gold Fields' Damang mine, Redback's Chirano mine and Central African Gold's Bibiani mine. Ongoing exploration on the Birimian gold belts and Tarkwaian basins of Ghana continues to deliver excellent exploration projects that have the potential to deliver more world class deposits."
Ghana
Overview
Ghana has a long history of gold mining stretching back to pre-colonial times. This is evident in that traditional Ghanaian customs are often closely associated with the yellow metal. This link with gold production persisted with the arrival of the early European traders through to the British colonial era, when Ghana was aptly known as the Gold Coast. Ghana's gold production waned from the 1960's until 1992, when the implementation of a new investor-friendly Mining Code was introduced by the government in order to attract foreign capital into exploring and developing gold projects in the country. This incentive was successful and a period of robust activity in the mining sector led to the extension of existing deposits and the discovery and successful development of new mines which increased Ghana's annual gold production from approximately 500,000 ounces per year in 1992 to projected annual gold production of over 3,000,000 ounces in 2008.
Globally, Ghana remains undoubtedly one of the most prospective countries for gold. There are 3 giant gold projects (>20,000,000 ounces) - Anglogold Ashanti's Obuasi complex, Gold Fields' Tarkwa mine and Newmont's Ahafo mine. There are 5 world class projects (>2,000,000 ounces) - Golden Star's Bogosu-Prestea complex, Anglogold Ashanti's Iduapriem mine, Gold Fields' Damang mine, Redback's Chirano mine and Central African Gold's Bibiani mine. Ongoing exploration on the Birimian gold belts and Tarkwaian basins of Ghana continues to deliver excellent exploration projects that have the potential to deliver more world class deposits.
Ghana is politically stable with the people represented by a multi-party democracy that continues to deliver sustained economic growth, improved infrastructure, the rule of law and security. The long mining history has meant that local colleges and universities are equipped to continue providing the skilled artisans, operators and well qualified professionals that are the key to successful mine development and production. The presence of large mines has attracted all the main equipment suppliers, contractors, critical service providers like laboratories, drilling companies and professional consultancies covering engineering, geology, environmental science assessment and monitoring to set up offices in Ghana.
The rapid growth profile for gold production in Ghana bears testament to the fact that very significant deposits can be discovered, developed and mined profitably within a relatively short period.
[6:36:02 PM] Bob Nordberg: http://www.voltaresources.com/s/Ghana.asp
"Bibiani North Minie".... http://www.afdevinfo.com/htmlreports/org/org_55809.html ... " It is notable that historic underground ore averaged 9.5g/t "..........
Organisation Bibiani Gold Mine
Alternate Name
Abbreviation
Parent Central African Gold Ghana Ltd
u.r.l.
email
Country Ghana
Location Bibiani North Minie
Address
Postal Address
Telephone
Management u.r.l.
Fax
Sector Gold Mining
Organisation Type African Private Sector
Status
Stated Role
Activities
Geographical Focus
Notes Bibiani gold mine is located in western Ghana, 250km northwest of Accra. The mine lies within the Sefwi-Bibiani belt, host to over 17 million ounces of gold mineral resources, and the second-most significant gold-bearing belt in Ghana after the Ashanti belt to the east. The mining concession area of approximately 49km² is closely adjoined to the town of Bibiani, approximately 80km southwest of the Ashanti capital, Kumasi. The most practicable access to the area is from the east on the Kumasi road.
Production at Bibiani started in 1902 and since then a total of approximately 4 million ounces of gold has been produced from a combination of historic underground and recent opencast and tailings retreatment. It is notable that historic underground ore averaged 9.5g/t (at a 7g/t cut-off), and that the opencast operation (1997 – 2005) treated 17 million tonnes at 3.8g/t of the remaining mineralised envelope down to 150m below surface. Actual small high grade stopes exist down to 28 Level (+800m below surface). The company has targeted fast track development of the significant underground and along strike potential for additional gold mineralisation at the Bibiani operation.
100% ownership of Bibiani gold mine and related prospecting licences
Immediate production: 40,000 ounces per annum from tailings and 10,000 ounces from underground mining in FY2007
Ramp-up to 110,000 ounces per annum from underground mining by end 2008
Examine expansion potential to 150,000 ounces per annum through cost-effective exploration
Rapid, low-cost conversion from resource to reserve (US$5-7/ounce)
Proven exploration potential with excellent people and infrastructure
Potential 10 year life-of-mine
Proven and Probable Reserves of 299,000 ounces within a resource base of 1.473 million ounces of gold
[ Retrieved on 04-05-07
04-05-07
04-05-07 - http://www.centralafricangold.com/oe/op_... ]
Current Positions
Position Name From To
Budgets
Donor From To Budget ($) Note
Links to Related Organisations
Parent Tree Central African Gold Ghana Ltd
African Gold Group - Barbados Limited
Subsidiary Organisations
Sibling Organisations
Associated Organisations
Donor Recipients
Past Positions
Position Name From To
Record last updated on 03 JUL 2008
Google Earth fly in to North Bibiani Mine / now Ekom Eya
http://www.afdevinfo.com/htmlreports/loc/loc_17966.html
Location Bibiani North Minie
Country Ghana
Alternate Names
Type Mine
Region Western
District Bibiani-Anwhiaso-Bekwai
Coordinates 6.896 N 2.326 W
Google Maps View
Google Earth View (requires Google Earth to be installed on your computer)
Organisations 1 organisations at this location
IMO Funding will happen
Shares will be released
And Kat Gold Holdings will me mining the Gold at the Ekom Eya
Right only 7 million needed to mine half a billion
Yes, ALANSNOWCROSS2 !!!
I am gladly loyal to this company. It has not tricked me or misguided me. I not only have not sold; I continue to accumulate, even as recently as two days ago, Friday!
On and on Mr. Stead and Mr. Stead!!!!
AMERSANDHU, you are so very welcome! Your posts are already very encouraging and I am glad to have saved my shares with KATX for years. For a very long time I have remained loyal to KATX and it is like working together to bring up a child. The child does not become an adult in a few months. It takes time. KATX has had the typical, expected spikes and dips that any young company has. I am glad to say that you are a nice and welcome spike in the life of KATX and that your presence and presents are noticeable and applauded.
My theme here at KATX is contained in one word only and there is no need to be negative to anyone as long as I remember my main goal....ACCUMULATE!!!
Thank you so much and a very warm and uplifting welcome to you my new friend!!!
Welcome to KATX!!!!
On and on!