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3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes
http://ih.advfn.com/p.php?pid=nmona&article=47107678
True, lets just say we likely have good targets after 17 months, and some entities are willing to work hard and lose a bit to get control of more shares...IMO
Apple hade to make and pay for every one....KATX just has to prove that the product is in the ground....I think the science is out there to prove it without assays.... and Vale and the big boys have and some of the posters here know it and are piling up shares by any means possible.
The Longs Know the rest day trade....
If it catches what makes you think the MM wont take theirs first...Scottrade locks out most stocks that go up 30% and you have to phone in ....on news this will be long gone....
So did the guy that sold Apple at 6 what is your point
Maybe its up because the pattern of having it drop at the end of the day has been broken.....a few shared trading down dropping the price and having more people sell.... seems to be working in reverse....LOL
That might be why some are upset
Maybe the Airshare business is harder to pull off...now that everyone is watching....
The final volume was accounted for with Scottrade, but the final price was not. Did the Katx attorney work for Knight....and I thought Knight was the MM for Scottrade....anyone know why the volume would show but not the final price....
I thought is was funny tooo.....just saying...
I thought is was funny tooo.....just saying...
I think an entity with access to alot of shares is behind the pps movement.... the members on this board would have a hardtime fighting what seems to be a coordinated effort...
But I think the longs all look forward to a good squeeze...
as would the Company...they just need to help with a little news, but most likely will wait for the start of a new quarter IMO...
I think a stock thats up for 4 or 5 days will get attention today hard to say if it ends green...although where else is there a gold play for under .03
Not opposed to but in addition to....much different.
Well said....
No my backyard is considered a beach....
You are right the current one is better, in the old post the word appeared is used. In the news it confirms the hope with the word "strongly altered" and yes every source and cut and paste confirms that the TREO should increase as the borings at the bottom.....
Misleading to call my post misleading...
fair to rule out economic copper in hole #1. but copper none the less....so Iron, copper, all that missing is Gold... the REE are gravy.....and if you read the Wood report are expected to be at a depth of 600 ft.... waiting on News
Thanks for your help AARGUS and I agree with your PM and would include B402
Ken Stead stated “This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia. The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization. Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
The host rocks for most of the mineral occcurances and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, heatitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.They no longer appear to be regionally altered... they are strongly altered...heatitic felsic and dissseminated pyrite....
Do your own DD, search google, and see whom is misleading whom
Let me help you, the analogy was not mine, but the TREO are the kids... the example is TREO was a percentage...say 2% or $100,000 which was suppose to sound good... but then there were 10 children so the point was any one REE might not be enough to mine..ore each childs share would not be that much only $10,000 Fair Point. The Percentage of TREO depends on the percentage of what? percentage of the average ton, percentage of the total boring, percentage of the average lineal foot of boring, percentage of 5 random grinding of a core sample run through a machine.... The core is only 2" thick. And if its not completely random done by machine then the chance of the sample being influenced by the sampler exist.... so all the material in the core sample is tested and averaged.
My point is that the other 98% of the material might have some value, iron ore, copper and gold...the REE are the gravy...once the REE vein is located and defined some of the material may indeed be able to be graded by sight or location, and once ground up and milled and processed the other 98% of the material that is not TREO may in fact be easily processed out by seperation by gravity, acid, or floatation.... It all depends on the mineral makeup and TREO as a percentage might not be enough information to make a claim of successful operation or not... Compare the mineral types and the materials produced in the process, there are many factors to consider. If we have the minerals the JV's will come... check other mines that are running and do the comparisons...would not accept the figures that have been thrown out here...they are not based on complete information.
as for HC
http://apps1.gdr.nrcan.gc.ca/gsc_minerals/gquerycache/vms/DP/dp176.html
2.27 million metric tons ore; Combined with production?: no; Provisional entry?: no; Resource category: geological resource
Grade-commodity information:
Cu: 2.62 percent
Au: 1.34 grams/metric ton
Ag: 56 grams/metric ton
Before the claim was added too..... million metric tons....the tonnage arguement works....
Kens mountain is 8 Kilometers by 13 Kilometers RickUK had done some math...about the tonnage...do your own DD
Come on Gump this is your chance....ask your questions get your answer 100% report back some facts....
Gump should call him, but make arrangements to video conference the call to a website....then we can all hear....that would be great....
Right but just make the call it is an Olympic Dam type deposit...
Then we can all cut back the number of daily post...
So help us out.
Did the RR results so far find iron ore present,? did the boring find copper ore present? What is the likely hood that there will be some gold in the MOUNTAIN....and would that not make it an Olympic Dam type deposit....
The number of silly post could then drop and we could agree to work one some other things...
http://www.nr.gov.nl.ca/mines&en/geosurvey/publications/cr1999/evans.pdf
INFALLIBLE LOL good new is keep secret until all surrounding claims are bought up......Seems nothing is INFALLIBLE
Am I correct in saying that the combination of magnetic and gravity anomalies would immediately suggest the possibility of basalts?
most astonishing rock full of iron oxide, hematitic, highly fractured – a breccia.
Absolutely
http://www.science.org.au/scientists/interviews/w/woodall.html
He conclusively proved that the copper had come out of the basalts that were on either side of the vein, in which there was the mineral magnetite. That magnetite can hold quite a lot of copper in its atomic structure. But, when magnetite is oxidised to hematite, the hematite can’t accommodate copper and so the copper is liberated and migrates. It had migrated into the cracks and formed the rich copper sulphide veins – a very simple concept, proved by good science right here in Canberra.
When Douglas had finished his PhD research, he came back to me in Kalgoorlie, where I lived for 25 years running these exploration projects, and we had a big strategy think-session, just the two of us, about what we should do. Douglas recommended that we go looking for oxidised basic lavas like those up in the Warburtons but on a much bigger scale. So now we were not thinking about looking for favourable host rocks, say for shales, which were known to be good hosts for copper; the strategy now was to look for where copper had been sourced in large enough quantities to form a major orebody. We based that strategy on Douglas’s PhD research at ANU. We had to go and find large volumes of mafic rock – ironmagnesium-rich rock – in which the magnetite had been oxidised to hematite, and the copper released to become an ore-forming solution which, if near the right plumbing system, might precipitate and form an orebod
If here’s a small copper deposit, a gravity anomaly, and a magnetic anomaly and a structural intersection, let’s go and look where Hugh Rutter has all these other magnetic and gravity anomalies and see if there are strong structures there as well.’
Tim identified a small number of what he called ‘tectonic targets’: structural targets, coincident with the magnetic and gravity features, which could be and maybe were due to the sort of basic lava rocks or igneous rocks that Douglas thought would be the best source rocks. The first target we drilled was very close to a cattle watering hole dug out by a pastoralist to catch rainwater to water his cattle. He had excavated that dam at the same time as the world Olympic Games were being held in Melbourne, so he called it the ‘Olympic Dam’. And so this project, the testing of this structural feature coincident with magnetics and gravity anomalies, was called the Olympic Dam target. (The small dam was the only feature in the desert to identify it!)
The first drill hole: RDI in a remote desert,
38m at 1% copper.
As we drilled, beneath 300 metres of barren sediment the drill intersected a most astonishing rock full of iron oxide, hematitic, highly fractured – a breccia. Here was rock we’d never ever seen the likes of before.
Just connect the dots
R. James Weick M.Sc. (Earth Science), P.Geo.
REFERENCES CONTINUED
Norman Wilson, P.Eng. Mining Engineer nwilson@nf.aibn.com
Canada Fluorspar Inc.
Robert Wheeler, P.Geo. Geologist Robert.Wheeler@valeinco.com
St. John’s Corporate Office
drill core measured grades acquired by Vale Inco
Recently, thanks to computer and geophysical tool improvements, seismic tomography became very attractive for many application fields. Indeed, this non-intrusive technique allows inferring the mechanical properties of the ground using travel times and amplitude analysis of the transmitted wavelet between two boreholes, hence provide additional information on the nature of the deposit. Commonly used crosshole seismic velocity tomography algorithms estimate 2D slowness models (inverse of velocity) in the plane between the boreholes using the measured direct wave travel times from the transmitter (located in one of the hole) to the receivers (located in the other hole). Furthermore, geophysical borehole logging can be used to constrain seismic tomography between drill holes. Finally, this project aims to estimate grade of economically worth mineral by integrating seismic tomography data with respectively drill core measured grades acquired by Vale Inco for one of their mine sites in operation.
http://adsabs.harvard.edu/abs/2010EGUGA..1213289P
This approach provides much better fit to observed data than obtained from classical inversion, including cokriging, and enables the identification of stable and well-defined features present in most retained realizations. A sequential Gaussian algorithm, in a Bayesian framework, has been useful to integrating known grades and petrophysical properties to produce many grades realizations of nickel, copper and cobalt. The method used to estimate grades is based on the determination of an in situ relationship between physical properties, measured by geophysics (i.e. P waves velocity) and grades measured on drill cores of the studied area. This relationship is then applied to the seismic tomography to "update" a prior probability given by grades measured in drill core. Moreover, the stochastic framework of this method allows to produce many realizations of the grades between boreholes, which can be analysed to quantify the variability of the estimations. The results obtained from the stochastic tomography improve considerably the understanding of the geological framework of the ground between boreholes. However, the commonly used algorithm like LSQR give a useless result. Lastly, the Bayesian approach has shown realistic results for the nickel, copper and cobalt estimations.
--------------------------------------------------------------------------------
Vale can do the comparison and while not foolproof I would bet they know the risk with only 2 bore holes...just because you do not does not mean a multi-billion dollar company after 17 monthes of additional information could not...
E.xcellent post...Tonnage and size... Kilometer claim sizes instead of meters of intersection...Compare claim size and tonnage instead of percentages..That's why it could hit $15 per share (and still be a "small" number per ton of ore) or more the number of tonnes is huge the claims are district wide...
One more point would also be the processing, suppose you had the $100,0000 and 10 kids, in the will it might be than they all get $10,000 or you might have a clause in you will that the heavy ones (they just fall out of the process) do not get any money and 2 of the 10 fall out after they are crushed, then you might the ones with magnetic personalities would also be left out out, and the ones that float would get the lions share....now the will can be split between the last 4 remaining....then the small percentages that where not considered econonical get much better....and are the gravy in the process, if you pick up iron, copper and gold as by products...
But don't feel bad for the magnetic and heavy kids.... Vales plant has a way to get money for those too...
Thats why this could take some time to impute VALuE....it a process of the ore that also comes into play...It is not something that can be done in minutes as some would want you to believe....
And yes it could be an Olymipic Dam type of ore. Iron Copper and Gold... the only minerals missing in the first 40 meters has been the gold....IMO
From the website......
If you were living in Canada and were monitoring province-by-province, you would find that Newfoundland has become one of the most exciting exploration provinces in the whole country. Our economy is a booming economy here in Newfoundland due mainly because of oil and mining. INCO has recently brought the Voisey’s Bay Nickel/Cobalt Deposit into production which is a very rich deposit found in the Labrador part of the province. They are now in the process of building a $2 billion smelter refinery in Long Harbor. So the province itself is very exciting when it comes to new mining and oil discoveries. So KAT Exploration has great plans of moving forward, and we know what we are doing. We have good properties, good prospects, and good mining operations next door to us, so we can sell any discovered deposits. The government is mining friendly with great infrastructure in place. When all is said and done, we see ourselves as having a long prosperous future with all of this at our fingertips. So if investors are looking for a company that is going to be around for awhile, KAT will be around awhile for sure
http://www.katexploration.com/index.php?option=com_content&view=article&id=64&Itemid=141
Another excellent post from the past...
Er0ck
Thursday, January 21, 2010 2:57:31 AM
Re: None
Post # of 140332
So, we have all heard the strong rumors about KATX forming a joint venture with Vale Inco's Canadian arm. We already know that they bought up all the land completely surrounding our "Lucky" copper property in Dec. While that is major news in it's self, that is only the small picture. We haven't really looked at what Vale is doing in Newfoundland right now, and haven't really peaced it all together to see the big picture yet....... untill now!
While Vale has on going copper mining operations in Newfoundland, their main work is at their Voisey’s Bay processing facility. They also have a big mine here. To understand the impact Vale might have on KATX, one needs to understand what they are doing at their Voisey’s Bay facility. Heres the basic background, will explain that in more detail below.
The Voisey’s Bay development consists of three major components: an integrated mine and concentrator at the Voisey’s Bay site in Labrador that will process ore from the Voisey’s Bay deposit; a demonstration hydrometallurgical plant in Argentia to confirm the technological and commercial application of hydrometallurgical technology for Voisey's Bay concentrate; and a processing facility.
What Vale is doing at their Voisey's Bay facility is pretty amazing. I will try to break it down as best I can but it is pretty complex.
The nickel industry worldwide has traditionally smelted concentrates produced from nickel, copper and cobalt sulphide ores to make an intermediate sulphide product called matte. Hydrometallurgy has been used for refining the matte to produce high purity nickel, copper and cobalt for the market. Thus, traditionally production of these metals has occurred in two steps: smelting and refining.
Basicly this means that the nickel industry has used a 2 step process to produce high quality nickel, copper and cobalt for the market. This process involves first smelting concentrates from nickel, copper and cobalt ores to make a product called "matte". This is a low quality metal product. They then use a process called "hydrometallurgy" that is used for refining the matte and the end result is a high quality, market ready nickel, copper and cobalt.
Here is where Vale comes in with it's Voisey's Bay facility and how they are doing things differently.
The new hydrometallurgical process that Vale Inco developed will be able to process the nickel concentrate directly to metal products without first having to smelt the concentrate. It will be more economical and environmentally friendly since the sulphur dioxide and dust emissions associated with a smelter are eliminated. The process will also yield more of the valuable cobalt which is lost to a great extent in the smelting process.
So, instead of having to smelt the ore concentrate first, they can take the ore and directly process into high quality metal products such as copper. This saves time, money and produces higher yeilds.
Vale has done a extensive R & D program to prove this process to be viable. They have completelly this whole process and are now ready to build the final peace of the puzzle.
Following the completion of the R&D program, Vale Inco will construct a processing facility at Long Harbour, Newfoundland that will produce finished nickel product. Based on what we know today, this facility will cost in the order of US$2.2 billion and during operations employ about 450 people. Construction of the Long Harbour Processing Plant is expected to generate approximately 5,750 person-years of employment.Initial construction of the processing plant began in April 2009 with construction wrapping up in February 2013. At present, the Voisey's Bay development has an estimated project life of about 30 years.
So their whole plan is to use their new hydrometallurgical process that they have developed at their new Long Harbour, Newfoundland facility to produce high quality nickel, copper and cobalt over a 30 year period. Their process will allow for faster processing than the old process of smelting and then refining the ore. This is a MASSIVE project, with them spending 2.2 billion ALONE just to build the new processing facility at Long Harbour.
Obviously this facility wont be completely untill 2013. So what is going on now? Well at their Voisey facility, they are still using the old, longer 2-step process of smelting and refining the metals. This is a massive facility and it has a Airstrip and a port where it can load the processed metals directly onto ships to send to market or to other processing facilitys to further refine it. So basicly that means it's easy to ship the raw ore to this place, and easy to ship it out once it's been processed.
As Birdmanbob has pointed out tonight, the Voisey facility is currently not running right now due to a labor strike. But as of yesterday, Vale and the union are going to restart talks. They need to, and mostlikely will, reach some type of an agreement by the 31 of Jan. When this happens that means the Voisey facility will be back up and running and ready for business.
So what does this mean for KATX?
So as you can see, Vales Voisey Newfoundland processing facility is a massive, long term project. The whole project is expected to last 30 years. So that means that Vale will need a massive amount of copper ore to supply these facilitys with for quite some time. Guess what, KATX not only has one massive copper property, but 2! Thats right, both Rusty Ridge and Lucky have what appears to be massive amounts of low grade, high tonneage copper which is EXACTLY what Vale is looking for. Right now, Vale has bought up all the land around lucky, which obviously means they like what they see there. Whats important about this is, the most impressive part of this whole area isn't the part that Vale bought, but the KATX Lucky property it self. Thats right, our lucky property has by far the highest copper in the area.
So all in all it makes PERFECT sense for Vale to want to form a joint venture with KATX. Not only do we have what appears to be a massive copper reserve at Lucky, we also have Rusty Ridge, which could be as big or even bigger as Lucky. I hope this puts it all in perspective and shows everyone here the "big" picture.
Vale is not some random mining company that just happens to be looking for some more copper properties. They have a massive processing facility not far from KATX's properties and are currently building a brand new, state of the art 2.2 billion dollar refining facility right by it. This is a company that has invested billions in Newfoundland and is going to need alot of copper ore for a long time. KATX has what appears to be the perfect fit for this company right now.
While this is not any "proof" of a joint venture between Vale and KATX, it is strong supporting evidence that one might be in the works or already completed.
Hope everyone finds this useful!
Funny one should not point out flaws of others if you can't follow the link,
It was in reference to studing the orginial geo for OD... many years old ... still good...not Rick UK which is alot still good...
The deposits are huge......district wide
Also a good post to study....
So the Company that knows what good results are issued a "bad" result the day before Christmas...I don't think so.IMO It was a gift the core pictures are still on the website..waiting for the balance of the core results
http://www.science.org.au/scientists/interviews/w/woodall.html#11
Your first drilling target seems to have presented you with something of a conundrum.
It did. Well, what to do next? We drilled some more holes. We’re now out in the desert [laugh], over a hundred kilometres from any known copper mineralisation, drilling expensive holes which cost at least $100,000 each, following up copper mineralisation of a type that neither we nor anyone else in the world had ever seen before, in a strange hematite-rich rock which we subsequently recognised as brecciated granite
This is where the confidence of the management – the WMC Board and the Managing Director and, especially, the Chairman – became so important. They never once questioned our desire to keep drilling. Why did we keep drilling? Well, we’d found an unusual copper mineralisation. Sure, it wasn’t economic, it was sub-ore grade. And we had drilled a lot of barren holes that didn’t find anything. But here was the most astonishingly fractured rock, a place where perhaps a great orebody might have formed, so we kept going. Hole No. 6 found nothing. No. 7 found nothing.
Four more disappointing barren or
uneconomic intersections.
Success at last: RD10 intersects 170m of
mineralization which assayed 2.1% copper
plus uranium and gold.
The desert sands covering one of the world’s
greatest ore deposits.
The first drill holes and the huge orebody
that was nearly missed. Note all the breccia
is now known to be ore.
This is, by ordinary standards, almost perverse persistence, isn’t it?
Yes. We now know that some of those drill holes went quite close to very high-grade ore and we were just unlucky. But I am sure that many, many people and many, many companies have been in this situation looking for an orebody, having spent a lot of money, and have then walked away after drill hole No. 9! When do you stop? We kept going because of these exciting-looking rocks. Then we drilled RD10 and we intersected over 200 metres of 2% copper. And – what a bonus! – it also had a significant gold content and a significant uranium content
Would this be the uneducated masses.... which market are you talking about....how many people in penny stocks know REEs....only takes one loud mouth to yell fire to get everyone to leave....some most have changed their minds..
Worth reading again....
LOL, get ready to make some money, slow or fast don't matter
Go read some oil exploration logs much deeper and farther apart...
The report was done by some grad students ... they did not have the newest equipment IMO
tested through cross-validation experiments
or direct drilling of targets.
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
Sound reasonable to these guys.....
Conclusions
New geotechnologies for the mineral exploration community
are constantly emerging, but the one key technology
that is demonstrating the ability to pull all these developments
together under one roof is 3-D GIS. It is where geological
modelling can be undertaken in a rigorous and quantitative
way. With 3-D GIS, there is an opportunity to make
data-driven or knowledge-driven predictions and interpretations
that can be tested through cross-validation experiments
or direct drilling of targets. It is an environment that, in the
coming years, will see a richer set of tools and workfl ows
for specifi c types of exploration tasks and deposit types. It is
an environment that will likely follow the same trend as 2-D
GIS has in the past, becoming more user friendly, more of an
integration tool, and developing more relevant applications
that are connected to the business case required for modern
exploration.
http://gsc.nrcan.gc.ca/mindep/method/3d/pdf/dekemp_3dgis.pdf
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. New technologies
are emerging for automating the model construction process, leaving the expert free to interpret and test exploration
criteria. Advances in 3-D joint geologic and geophysical inversion are also contributing to a more rigorous interpretation
workfl ow. When applied by focused multi-scale interpretation teams, this approach has great potential to make a signifi -
cant impact on enhancing near-mine to greenfi elds mineral exploration activities.