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VALE EXPLORATION CORPORATION CLAIM STAKED 24
gis.geosurv.gov.nl.ca/mrinquiry/mrDisplay.asp
Mineral Rights Licence Number: 015437M
Location: Castors River,Great Northern Peninsula
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 240.0000
Issuance Date: 2008/09/15
NTS Maps: 12I/10 12I/15
Mineral Rights Licence Number: 015438M
Location: Williamsport,Great Northern Peninsula
Owners Name: Vale Exploration Canada Inc.
Claim Status: Cancelled
Current Number of Claims: 0.0000
Issuance Date: 2008/09/15
NTS Maps: 12I/09
Mineral Rights Licence Number: 015439M
Location: Williamsport,Great Northern Peninsula
Owners Name: Vale Exploration Canada Inc.
Claim Status: Cancelled
Current Number of Claims: 0.0000
Issuance Date: 2008/09/15
NTS Maps: 12I/08 12I/09
Mineral Rights Licence Number: 015441M
Location: Torrent River,Great Northern Peninsula
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 209.0000
Issuance Date: 2008/09/15
NTS Maps: 12I/10
Mineral Rights Licence Number: 017003M
Location: Tickle Cove,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/11 02C/12
Mineral Rights Licence Number: 017004M
Location: Blackhead Bay,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 253.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06 02C/11
Mineral Rights Licence Number: 017005M
Location: Plate Cove,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06 02C/05 02C/11 02C/12
Mineral Rights Licence Number: 017006M
Location: World Pond,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06
Mineral Rights Licence Number: 017007M
Location: Lockston Path, Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06 02C/05
Mineral Rights Licence Number: 017008M
Location: Lockston Path, Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06
Mineral Rights Licence Number: 017010M
Location: Port Rexton,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06
Mineral Rights Licence Number: 017011M
Location: Catalina,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/06
NTS Maps: 02C/06 02C/11
Mineral Rights Licence Number: 017012M
Location: Catalina,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 256.0000
Issuance Date: 2010/01/07
NTS Maps: 02C/06 02C/11
Mineral Rights Licence Number: 017013M
Location: Birchy Cove, Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 55.0000
Issuance Date: 2010/01/07
NTS Maps: 02C/11
Mineral Rights Licence Number: 017605M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 12.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017606M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 32.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017607M
Location: Duntara, Estern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 2.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017608M
Location: Tickle Cove,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017609M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017610M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017611M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017612M
Location: Keels Area,Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017613M
Location: Broad Head, Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
Mineral Rights Licence Number: 017614M
Location: Broad Head, Eastern Nfld
Owners Name: Vale Exploration Canada Inc.
Claim Status: Issued
Current Number of Claims: 1.0000
Issuance Date: 2010/05/10
NTS Maps: 02C/11
[color=red]Birdman - I know, doesn't anyone read your posts this early.
This had to be the most important post of the entire day. and was complety overlooked by the entire board and its members.
Many missed out today and will have to revisit this over and over and over again .
Read it again people over and over and over.[/color]
CLIFTON IS HUGE AND NOW IS SURROUNDED BY A SUBSIDARY OF INCO CALLED VALE EXPLORATIONS.
VEM, did not I tell you all last night to start looking up the GEO ATLAS every day. Well Biochemist did your job
The new talk of the town will be Vale Exploration M. taking everything else off the table.
www.harrythecat.com/cat-files/catlogo.jpg
1 7750719 017003M
Claim Info
Vale Exploration Canada Inc. Tickle Cove,Eastern Nfld ISSUED 256 Mon, 7 Dec 2009 00:00:00 Mon, 7 Mar 2011 00:00:00 02C11 02C12
1 7751066 017606M
Claim Info
Vale Exploration Canada Inc. Keels Area,Eastern Nfld ISSUED 32 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
1 7751065 017605M
Claim Info
Vale Exploration Canada Inc. Keels Area,Eastern Nfld ISSUED 12 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
1 7751069 017609M
Vale Exploration Canada Inc. Keels Area,Eastern Nfld ISSUED 1 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
1 7751071 017611M
Vale Exploration Canada Inc. Keels Area,Eastern Nfld ISSUED 1 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
1 7751072 017612M
Vale Exploration Canada Inc. Keels Area,Eastern Nfld ISSUED 1 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
1 7751067 017607M
Vale Exploration Canada Inc. Duntara, Estern Nfld ISSUED 2 Thu, 8 Apr 2010 00:00:00 Mon, 11 Jul 2011 00:00:00 02C11
LUCKY N. IS 5.2 kilometers BY 3.9 ……….
S. LUCKY is 1.49 by 1 kilometer
CLIFTON IS 13.38 KELOMETERS BY 8.8 KILOMITERS
N. LUCKY
[/color]
Birdman - I know, doesn't anyone read your posts this early.
This had to be the most important post of the entire day. and was complety overlooked by the entire board and its members.
Many missed out today and will have to revisit this over and over and over again .
Read it again people over and over and over.[/color]
CLIFTON IS HUGE AND NOW IS SURROUNDED BY A SUBSIDARY OF INCO CALLED VALE EXPLORATIONS.
VEM, did not I tell you all last night to start looking up the GEO ATLAS every day. Well Biochemist did your job
The new talk of the town will be Vale Exploration M. taking everything else off the table.
www.harrythecat.com/cat-files/catlogo.jpg
Birdman- Thanks once again.....Fly me to the moon - just for you to relax and sip on some scotch from me.
[Suppressed Sound Link]
Mineral Prospecting in Newfoundland - North America
There is a great book called “Once upon a Mine” available online. The colourful history of mineral prospecting, exploration and mining in the pre-confederation days of the Colony – Republic of Newfoundland is presented in the pages of this book.
Birdman- Thanks once again.....Fly me to the moon - just for you to relax and sip on some scotch from me.
[Suppressed Sound Link]
Mineral Prospecting in Newfoundland - North America
There is a great book called “Once upon a Mine” available online. The colourful history of mineral prospecting, exploration and mining in the pre-confederation days of the Colony – Republic of Newfoundland is presented in the pages of this book.
Once upon a Mine – Link to Full Contents
Happy reading and keep on propsecting!
Tip of the day : Everyone should know that when hotstocks post something about your company. Signal to always buy buy buy. Easy...
Yeah, I bet some rich girl just gave him some free shares to come over and watch NITE from the nest.
or Wall Street is on its way. BUY BUY
BUY and HOLD
NASA - shuttle ready for lift off
Our Volume just whizzed by like nothing. Stay strong wolv.
Sorry, Too Busy Staking Claims Next To Each of Them as we speak
https://ww?w.claimsta?king.gov.n?l.ca/help/?help.asp?t?opic=login
http://www?.nr.gov.nl?.ca/mines?&en/mq?rights/mir?iad/miriad?reg.stm
http://www?.nr.gov.nl?.ca/mines?&en/pe?rmits/mine?ral/Miriad?Registrati?on.pdf
Glad we know what we are doing, that is all that matters in life.
Did you miss your own post last week that was brought up? Here you go again. Highlighted the 5 dollar part mentioned in RED.
Pretty good post, but pretty ignorant to twist a man's words and think so you have. Guess he could do the same with what he has below from you. but, doesnt matter to us anyways. See you in the am .
Mercurial: from a previous post and hope you save, because it is good
What EVERY investor should know about KATX!
-not me by the way- questions and answers before the PDAC
I am writing this post as a completely non-bias overview of KAT Exploration. It is my intention to provide a complete overview of KATX in one big, easy to understand and comprehensive thread. The purpose of this is to provide long term investors of KATX and new investors alike a single place to find quality information on KATX. In this one post I am going to compile all of the known facts about this company as well as some of the current opinions and theories about KATX and their future. I will make it clear when I am talking about opinions as not to try to confuse anyone. This is not intended to be a complete history of KATX, only a complete overview of where the company is at now and what it has done in the recent past.
Disclosure At the time of writing this post I am currently invested in and hold shares of KATX.
Brief Summary of KATX, for a complete background on KATX please go to the I-Box page located here at the top of the message board.
KAT Exploration Inc.
is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
Key Company Information
KATX is a Mine Exploration Company that currently fully owns 5 property's in Newfoundland, and has rights to a 6th property and is under contract to fully acquire that one as well.
Out of these 6, the two most important and promising ones short term are their Handcamp high quality gold property and their Rusty Ridge high grade copper property.
KATX is run by CEO Ken Stead and his brother Timothy Stead. Both brothers own a controlling interest in the company eliminating the possibility of a hostile take over from a 3rd party.
KATX currently has 289 million shares outstanding. This has been a solid number and very low considering the type of company KATX is. The CEO has not issued anymore shares for well over 6 months now and has no plans to do so in the future as well.
Right now the company's main focus for 2010 is their high quality Handcamp gold property. They are only weeks away from announcing possible financing for test drilling on this property and might even be announcing a Joint Venture with a mining company to begin work promptly on mining once the test drills are completed.
Ken Stead
Mr. Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995. In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the company's priorities.
Ken Stead is one of the most open and honest CEOs out there. He has made it his goal to preserve and increase share holder value. He has put his money where his mouth is by using his own personal capital to fund projects for the company instead of diluting the common shares, something very few CEOs would be willing to do. He responds to phone calls and emails very quickly, and has answered all questions he is legally allowed to answer. He is a very straight shooter and does not keep anything from the investors.
Handcamp Gold Property
This is KATX's flagship property and main focus for 2010 and beyond. The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment.
What makes this property so special isn't the fact that it's a gold property, but the type of gold property that it is. Handcamp is a very special and unique type of gold deposit known as a "Volcanogenic massive sulfide" (VMS) deposit. Making this property even more special is the fact that this isn't just any type of "VMS" deposit, but it's a "Felsic" VMS deposit. World wide there is only something like 800 of these VMS deposits. They are known for their high tonnage, high quality gold deposits. Of these VMS, the best quality, highest producing gold deposits are the "Felsic" VMS deposits. Right now, out of the 40 VMS deposit sites in Newfoundland, KATX's Handcamp site is rated the highest gold grade with a 13.4 rating. It is the highest grade VMS gold site in all of Newfoundland according to the USGS.
Handcamps special and rare nature has already been validated and backed up by a series of surface rock and soil samples that were processed at a lab. Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au, along with excellent Zn, CU, Ag numbers.
Not only are these gold numbers FAR higher than any of the surrounding mining sites owned by other companies, these numbers are ONLY from surface rocks. Felsic VMS deposits are not the type of deposits that have most of their gold in the surface layers, but instead, most the gold deposits are deeper in the ground. To find these levels of gold in just the surface rocks would imply that there should be FAR more in deeper deposits.
How does Handcamp compare to other near by sites?
Here is a good comparison to how KATX's Handcamp property stacks up against a similar mining company. Anaconda Mining is located right down the road from Handcamp and currently is mining their Pine Cove gold property and has already brought gold to market from their site.
Anaconda has completed a NI 43-101 technical report on their Pine Cove site and has been actively mining it for the past 2 years.
Here are the results of Anaconda's test drill 43-101 report on their "Pine Cove" Gold property.
probable mineral reserves of 2,332,676 tonnes at 2.76 g/t
And now here's Handcamps results ONLY from surface samples.
158g/t Au, 94g/t Au, 82g/t Au
As you can see, KATX's Handcamp property is showing far more gold in just the surface rock than what Anaconda is getting from it's actual mining. This is one reason why people are so excited about KATX. We will still need to get the test results back from a test drill to confirm exactly what's in the ground though.
What's ahead for Handcamp and KATX
Here's what we know right now. Ken has been working on finding financing for the drill program for some time now. He announced last week (the 5th of jan) that they will be releasing more of the Handcamp sample results to the public as well as updating us on the status of financing. He gave a time line for these announcements of only a few weeks, so they are expected anytime now.
Right now, KATX needs financing for a drill program. Then they simply need to do the test drills and release a NI 43-101 report and partner up with a mining company to start mining the gold. That's it.
Ken has also been looking for a possible Joint Venture with a mining company to not only do the test drills, but also do the mining once all of the test drills are complete. His ideal plan for this was to sign a joint venture partnership FIRST, then start the test drills. The fact that he is about to update us on the status of financing leaves many people here to believe that they at the very least have acquired some type of financing, and that it is very possible they might have already signed a joint venture as well. These are just rumors as of now, but they are based in reality.
When they update us on the status of financing in a few weeks, if they have acquired some type of financing for test drills than that would be HUGE news for the company. That would mean they now have the capital to complete the last step before mining.
If the financing came because of a joint venture partnership with a well established mining company, then it would be even bigger news for the company.
If they already have financing in place, they could start the test drills soon and we could have results back via a NI 43-101 report as soon as early spring. If that report confirms what the surface samples have shown, then KATX would suddenly be worth a lot of money and be a very valuable company.
Estimation of Value
Now it's time to try and put everything thing is perspective and figure out what KATX is, and will be worth in the near future. I am going to do this from a few different angles to give a wider perspective on this.
Mine Exploration Companies are notorious for having to dilute their shares to pay their bills. Even the ones with great prospects usually have outstanding share counts well over 500 million. This is not the case with KATX and are CEO has done an amazing job of not diluting the common shares.
Here are the numbers for KATX as of December 2009:
Authorized Shares (AS) = 730,000,000 as of February 3, 2010
Outstanding Shares (OS) = 463,211,664 as of February 3, 2010
Float = 320,211,664 as of February 3, 2010
Note: 500,000,000 shares max available for common issuance
These are VERY low numbers for a Mine Exploration Company. I am going to compare these to a very similar Mine Exploration called US Gold (UXG). This company is almost identical to KATX in shares, size, and development. They currently are not mining yet but have completed test drills and filed IN 43-101s, something KATX is not far from doing. Right now the only real difference is that they have completed their test drills and published their results.
UXG currently has around 106 million shares outstanding (OS).
A little over a year ago they were where KATX is right now, about to get the results back from their test drills. At that time they were trading at around .30 a share. When those results hit, they with in a matter of weeks went from .30 to $1.20. A few months after that they were trading at $3 a share. This was all due to them getting their test drill results back and publishing the 43-101 technical report detailing the findings. That is what got the ball rolling.
Here is what UXGs report said about their property.
US GOLD CORPORATION (NYSE Amex: UXG)(TSX: UXG) is pleased to announce good exploration results from Nevada. The best results continue to come from West Pick, including 0.06 opt (2.05 gpt) gold over 75 ft (22.9 m) and 0.027 opt (0.94 gpt) gold over 180 ft (54.9 m)
These channels are present in the West Pick area where US Gold has encountered significant mineralization, including the best results announced earlier this year of 0.085 opt (2.9 gpt) gold over 150 ft (45.7 m) and 0.065 opt (2.24 gpt) gold over 120 ft
So as you can see, UXG's best gold results were 2.9 g/t.
Here's KATX's Handcamp results for comparison:
rock samples were collected over some of the prospected areas with numerous samples showing very encouraging mineral results, of 158g/t Au, 94g/t Au, 82g/t Au
Again, here is a company that has almost the same number of ountstanding shares as KATX, and only has completed their test drills and they are trading around $3 a share with a high of $3.50 after shooting up from .30 a few months before. Again, it is important to note that KATX's samples are ONLY surface samples. There is a good chance there might be even higher levels of gold the deeper they drill.
But this is not all that KATX has to offer. As stated above, their main focus for 2010 is going to be Handcamp. But they have 2 other very very promising property's as well.
KATX Twi-Lite High Quality Gold Property
This property actually could turn out to be even bigger and better than Handcamp. Right now, the first results from there have shown even higher levels of surface gold than Handcamp.
Results from KATX Twi-Lite Property
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold)
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t)
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t)
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t)
KATX High Grade Copper Property Rusty Ridge
Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body(can be viewed on Kat’s website)that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat’s website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010
So there you have it, KATX has 2 extremely promising and rare high quality gold property's that have already shown to date MUCH higher levels of gold than any of the surounding mining companies sites and much higher than similar Mine Exploration companies that are currently trading at around $3 a share. Also of important note, last time KATX had major news the stock pps went from .20 to $2 in 3 days. Back in Nov when the last bit of big news hit, the stock went up over 700% in a week. Since this KATX has only given back around 50% of it's gains before moving up on it's own again. KATX clearly can move on good news as it should and there appears to be more great news coming soon.
What KATX is worth
With the likely news of financing for test drills looking like it could be coming in a matter of weeks, this might be the last chance to get into KATX at these levels. If KATX does indead annouce they have financing in a few weeks when they release their status update, then that would surely cause this to shoot up. How high is a tough guess right now. If they annouced that they have signed a Joint Venture and that is how they acquired the financing, then that would be even bigger and cause KATX to shoot up much higher.
From this news alone KATX could go up .10 to .50 if not higher. The biggest news will be when ever they get their first results back from the test drills which could be as early as spring. If the results confrim what the surface samples have shown, then your looking at a company that could shoot up to $3 to $5 pretty fast. When you look longer term, and factor in that they have a very very promising copper property and another extremely promising gold property that might have even more gold in the ground than Handcamp, KATX could very realistically be in the $5 to $10 range a year or more out.
These are all of course rough guesses right now based on what this company has done in the past and what other, similar companies have done as well. No one knows for sure what this will do, but the chances of this going up a good bit are definitely there. Right now, KATX is very undervalued at it's current prices, and it's also cheap enough to make it a very attractive stock to hold for both short term and long term gains.
Summary of things to look for in 2010 from KATX
1. Any day now KATX is expected to release more lab results from it's high quality gold property Handcamp.
2. Within a few weeks KATX will be updating us on the status of financing. (it is expected that they have financing already but right now this is just a rumor)
3. Announcement of KATX entering into a joint venture with a mining company. (this could actually be announced with the financing updating coming in a few weeks or it could come at anytime after that update)
4. KATX announces that they have started the test drills on Handcamp. (depending on how the other things play out, this could come as early as Feb.)
5. KATX releases a NI 43-101 technical report on the test drill results from Handcamp. (this could come as soon as early spring)
6. KATX announces it has started mining operations on Handcamp. (this could happen as early as summer or early fall)
7. KATX announces it has entered into a joint venture partnership to do test drills on their Rusty Ridge copper property. (this could happen sometime mid 2010 or later)
http://ragingbull.quote.com/mboard/boards.cgi?board=KATX&read=81
Orca...another beautiful picture. I agree with Doubloon here and believe comparisons with you know who should probably go to the pit instead of the WOLV board. This is its own stock and glad I own some.
I am pretty sure the Bird knows it will take "years" for 25-85 Dollars... Watch gold go up, and take us with it. Hopefully leaving others behind forever, wondering
"Dude where's my car/gold"......anybody anybody around. Helllllo . Wouldn't want to be that guy.
Birdman, I guess you saved one of the best posts for last. and way to go to start of this Monday Morning. Katx is gonn break new highs, and many piggy banks. Simple and Sweet
Math equation for the day:
Top Geologist + N1 Report + Junior Exploration Company Experts.....notice Experts
=
JV's getting signed with huge "MINING" companies and Big Money immediately following shortly for its hareholders.
Wash Rinse Repeat...
Anybody have a more simple equation for Rusty, Shaylee, Lucky, Twi-lite, Clifton etc.......?
```Here you go ,
I do like that new aerial photo, More dot to dot connections. Posting to yourself seems to be working wonders here over and over each week.
```Have another
I am dancing All over Bona Viista- and I am glad they were late to the party. I hear their acreage on the Vista is double than that in Labrador.
Bird is the word, I love that 70 disco music. You are the man!
Why don't you try on a pair of Copper Colored Glasses Instead. b/c we have more time, sweat and money (maybe not even ours) invested in such.
www.nr.gov.nl.ca/mines&en/geosurvey/publications/CR2010/2010_Normore.pdf
Figure 4. Aeromagnetic map of the Bonavista Peninsula. Note the anomalous values separating the Bonavista basin and the St. John’s basin along the Spillars Cove–English Harbour fault and truncation of the anomalous Wolf Head dyke by the Stock Cove lineation. The creation of a pull-apart basin along the Spillars Cove–English Harbour fault indicates compressional tec- tonics with the associated sinistral strike slip.
As I believe the Bonavista Pennisula will be a slam dunk for us before HandCamp and Twi-lite.
I am confident it will be it, and more. But I also need to be careful not to wear the gold-colored glasses all the time here. Am I naive to think there is no stopping KATX here? Again is HC a sure bet to get this party started?
Doubloon...Been wondering if INCO or BHP have made it a point to validate these smaller drill cores with any recent companies. Can you put them on a N! report and then keep drilling the bigger anomalies afterwards? - - If so, dang it, I could do that job, walking and drilling walking and drilling. Great Stuff. Could probably anayze each core asap sooner as well. Not that we need it fast and furious - any other juniors doing this?
WOLV has many new eyes watching it.
pj
Biochemist, BIRDMAN and others - For when you cannot sleep tonight READ THIS: scroll to the bottom and know you run with it my friend.
I still do and it is a great book. Hands Down Period. It Tells the Story which is beginning to unfold here
Saturday, January 30, 2010
Mineral Prospecting in Newfoundland - North America
There is a great book called “Once upon a Mine” available online. The colourful history of mineral prospecting, exploration and mining in the pre-confederation days of the Colony – Republic of Newfoundland is presented in the pages of this book.There is a great book called “Once upon a Mine” available online. The colourful history of mineral prospecting, exploration and mining in the pre-confederation days of the Colony – Republic of Newfoundland is presented in the pages of this book.
Incidents and happenings described in “Once upon a Mine” make for very entertaining reading at the very least. What the book actually brings to life is the true nature of early prospecting and hardnosed mine owners. It talks in much detail about hardships of early mining encountered at the hands of outside interests and brings to life the scams, conflicts, the greed and wheeling and dealing that took place in the pursuit of properties. This account of prospecting history also provides good insight into the nature of some of the best copper deposits discovered and how they became successful mines.
I present a section below describing the first real mining success in the new land, exactly as it appears in the book:
Newfoundland in 1583. Daniel, an energetic individual, retrieved an array of copper, iron, lead and silver ores from the Avalon Peninsula.
Prospectors were generally regarded as more eccentric than enterprising: one Scottish gold-seeker in Newfoundland was described to St. John's authorities in the 1860s as being a "poor demented creature who went about hammering at the cliffs but otherwise he appeared to be quite harmless.
Non- dilutive options or could it be non dislclosure . Reading the second paragraph down, You also say:
[color=red]
In its future endeavors . 11/23/2009 the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations.. 11/23/2009 As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda,. 11/23/2009 Phelps Dodge,. 11/23/2009 and other major companies,
Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company. More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered. . 11/23/2009 More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.
More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered. non-dilutive options where the merits of the projects will fund the operations.non-dilutive options where the merits of the projects will fund the operations. non-dilutive options where the merits of the projects will fund the operations. non-dilutive options where the merits of the projects will fund the operations.. 11/23/2009[/color]
Birdman - You are so Right. and a Genius.....I challenge you all to go through this old post From Jan This year and let me know if the DOTS to DOTS CONNECT:
[color=red]
Kat Exploration This cronigilickly "spelled wrong on pourpus" story will slowly take you back in time through the pr comming from KAT so you can see what I see! www.pinksheets.com/pink/quote/quote.jsp?symbol=KATX from this link you can follow it to his link http://www.pinksheets.com/pink/quote/quote.jsp?symbol=KATX then to this link http://www.stockprofile.com/ then type in the KAT%X symbol to this link http://www.stockprofile.com/fcontent.php?p&Page=QUOTE&Ticker=katx then read his story “because it is DIRECTLY from the company”
Profile:
Engages in the exploration of mineral properties primarily in Canada. It primarily explores for gold, copper, and silver. The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand it's focus in this area as well. With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Examine this portion carefully . It primarily explores for gold, copper, and silver. The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. Then you see he First MAIN FOCUS part. . It primarily explores for gold, copper, and silver. The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. Then ask your self is this the same thing we have been “MAIN FOCUSING on all along??? Well let’s see!! ….This also from the pink sheets ……………..Back in Jan 6th >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Going back a bit further NEW DISCOVERYS ON THE LUCKY PROPERTY !!! Kat Exploration Report on Recent Discoveries on its "Lucky" Property
MOUNT PEARL, Newfoundland, Nov 23, 2009 (BUSINESS WIRE) -- 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.
In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat's projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
At this time the board of Directors would like to inform investors who have voiced concerns regarding the amount of the KATX authorized shares. The Company has 3 billion shares authorized. The authorized includes three separate series of reserved shares of which two are non-dilutive. These two series of reserved shares are equal to the fully diluted voting capacity of 66% of the Company's controlling interest to protect the company from any hostile takeover. Therefore, there are actually only approximately 500,000,000 shares available for common issuance within the authorized shares.
About Kat Exploration Inc
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
SOURCE: Kat Exploration Inc.
CONTACT:
Lets take it down a bit and ZZZZOOOOMMM in shall we!! 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.
And ZZZZOOOMMM some more!! 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.
THEN you add that to what we all ready had!!!!! Witch is substanchal and VALE surrounded US wholey COW!!! 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.
THEN ADD THIS>>>>>>>>>>>>>>> Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat's projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>THEN YOU TAKE IN TO ACCOUNT ZAMBIA AINT ALWWAYS THAT FRIENDLY!!! AND VALE IS COMPETING THERE WITH THE CHINESE…AND I THINK THEY GOT IT…. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>KNOWING WHAT WE KNOW ABOUT VALES CLAIMS CIRCILING THE LUCKY PROPERTY DO YOU REALLY THINK THERE IS ANY CHANCE THEY WOULD PASS THHIS ONE UP???????? >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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.>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 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>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>LETS GO LOOK AT THE “OLD CAT WEBSITE AND SEE JUST WHERE OUR “MAIN FOCUS WAS BACK IN THE DAY LAST YEAR>>>>>>>>>>>>>>>>>>>>>>>SHALL WE?? >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>BUT FIRST I WANT YOU TO SE WHAT IS MISSING …”LUCKY PROPERTY NOT A PEEP ?>>>>>>>>>LUCKLY I HAD A GIRLFRIEND ASK ME TO HELP HER PICK SOME STOCKS 2ND HALF OF LAST YEAR “WAITING FOR MY PROPERTY IN WA. TO SELL>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> THE BRUMLY SITE IS THE ONLY PLACE I KNOW OF WHERE THE OLD KAT WEBSITE IS AND HERE IS THE LINK FOR YOUR VIEWING PLEASURE http://community.smallcapnetwork.com/Technical-Review-of-DSTI-SSN-and-KATX/s/article/view/p/mid/3/id/119/ THE ENTIRE WEB SITE IS HERE IT TOOK A WHILE BUT IT WAS WORTH IT NOW DON’T YA THINK ……..:)
CEOCFO: Would you give us a little rundown on the projects you are working on now?
Mr. Stead: “Right now we are working on our Handcamp Gold Property which is a very high-grade gold property. When I say high-grade that is from 158 grams of gold per ton in some grab samples. Yet we did a channel sample of approx..30 feet with a little over 7 grams of gold across the exposed outcrop; this is right on the surface. With the Handcamp Gold Property right now, we are working out a drill program. We were hoping for late summer, but it may be early fall, which is a good time actually for us here; the weather won’t be so hot. That particular property had some work done on it and there is a lot of base metals tied in with the gold, so it is sort of a semi-massive sulphides and gold property. That property is just south of the new gold processing facility, which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also.
Our Handcamp Gold Property is very exciting and of great interest for us to move it forward. It is right in the mining district where there are operating gold mines. So it would be an easy property for us to either farm out or to probably sell outright if we do our own work and bring it to feasibility study to determine what the reserve is.
We have another property called “Rusty Ridge” and by means of an airborne survey and some ground geophysics it too is ready for drilling. There was an interpretation done by an independent geophysics company from Vancouver, on the other side of Canada, who likened many of the signatures that we are finding to that of the Olympic Dam in Australia. That is actually their words not ours. We have two deep targets, so the idea is to get down there and see what those targets are. While it is a costly operation, we will venture it ourselves but would hope to joint venture it with another company. The only thing is, with the Handcamp Gold Property a priority, we are not sure if we will get a drill on the Rusty Ridge this year. If we can find the time to promote it and get a major company to come and use their money, well that will really help. However, if not we will test that deposit ourselves. If it is what we hope it is, it would probably turn this area into a whole brand-new exploration play for major companies because these deposits are kind of rare in that they host nearly all the major minerals. They have base metals, gold, silver and uranium along with rare-earth minerals. If it turns out to be an economical deposit, one can imagine how other companies will take interest in the whole region looking for more of these deposits.
We are excited about that property, but it is a property that if the Handcamp Gold Property starts turning out what we think it might, because of gold prices today, we may just continue with that one and do the Rusty Ridge a little later. Other than that, we have several copper/silver combination properties, and lots more to go if we want to stake what we have been finding. For now, these properties we have in our portfolio, and will hopefully bring in another gold property, which we are now considering that also has great potential. As a new company just coming on, there is overhead, and a higher burn rate in adding more properties to our portfolio, so we will be cautious not to spread ourselves to thin. Therefore, we don’t want to waste money when we can focus in areas of high interest and hopefully areas that will catch the attention of investors because the company has done good work on good properties.”>>>>>>"NOT ONE MENTION OF LUCKY NOT ONE ...YES IT WAS ON THE LIST THE COMPANY HAD OF PROPERTYS BACK THEN BUT NOT A MENTION HERE AND DEFFINATLY NOT A FOCUS!!!">>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> AND AGAIN AT THIS POINT BIRDMANBOB4 STANDS UP TO THUNDERUS APPLUASE ……WALKS TO THE STAGE ….GRABS THE MIKE…. AND ….SAYS….”PLEASE FOLKS STOP YOUR MAKING ME BLUSH!!! OK OK …WELL SEND ME AN EMAIL AND I WILL GIVE YOU THE ADDRESS TO SEND THE FLOWERS AND BIRTHDAY PRESENTS CHRISTMAS EXC….. LOL birdmanbob4@yahoo.com aka the smoking man!!
-Written by BirdManBob
January 24 at 2:21pm[/color]
Claims staked under Ken's Mountain? Big TY Those pics our freaking awesome. I good question for you though, I cannot find at all since November, please answer me this......Ken's Mountain.
What is it ? I know claims where staked under this name in the past.
Is it the South Princess, Redclffs ie.... dont know?
pj
Ok, 1. Lucky
2. rusty/colliers
3. Handcamp.........looking for 3 feasability studies to get filed under two nda's and cookies and cream to follow. by end of Summer. I smell China for that one. Oh, again connect the dots. Wow that many dots connecting makes me feel like a kid again when I learned how to draw a straight honest to good line beginning to end.
Handcamp #3
Lucky#2
Rusty/Colliers#1
Anyways, could care less about drilling handcamp, if dont have to think about it. Copper and REE is where it is at. An N1 over night would send this to orbit - BOOM
You all have fun today. But really do like the fact RAJA showed up level 2 in March pdac, and now is here to buy. Connect the dots.
Didn't Gump say merits of a project being a REAL word. ensure non-dilutive options where the merits of the projects will fund the operations."
Just wait until NDA and N1's start flying off the handle. We could have or maybe even did start drilling the second shaft over there on Collier's- never been explored, or, maybe we already been doing it with a partner along with Rusty which has been ready for a year now as well. With our new geo, who was hired last Monday, I bet Ken already has him busy put a N1 togethers that will take care of ONE or even TWO of those pesky NDA's, since January. IMO
Anyone remember PDAC - in March, That is when RAJA showed up first. Now he is looking to buy. Huhhhh
Mr. Weick is going to be a busy man this summer documenting any findings which any day could be released. I got in because of these two properties alone, Handcamp/Twi-Lite came second to me and they are just cookies and cream after the main course, amongst all the rest you already no
1.1 LOCATION & ACCESS
The Collier’s River Property is located approximately 3km from the community of Colliers, Conception Bay (Figure 1). The community of Colliers is located along the eastern shores of Collier’s Bay that opens to the northeast into Conception Bay.
The reader is referenced to NTS sheet 01N06 with the center coordinate of the property given as 330,250mE / 5,256,000mN (UTM Zone 22, NAD27).
Table 1. Channel Sampling Data and Significant Intervals
Assays returned 1.48% Cu and 6.63g/t Ag over 11.0m. This interval also included 3.00% Cu and 19.90g/t Ag over 3.0m and a second interval of 1.86% Cu and 1.60g/t Ag over 2.0m. The data for these intervals is included in the following table.
Conclusions
Samples RCCR 2006-01 and RCCR 2006-05 contained epigenetic vein- controlled copper sulphide mineralization. The minerals phases present were bornite and chalcopyrite; the chalcopyrite seemingly exsolved from a bornite solid solution in RCCR 2006-05. Such exsolution suggests a temperature of formation in excess of 200° C.
Dang , Congrats...that is a milestone for posts here . You got it
Wolv...and PDAC March 2010... Any thoughts what happened to the rocks? Did they come back. a serious question.
In March of 2010,
fav quote:
If these drill results this summer are as good as we suspect, I would think they will have a travelling dog and pony show to talk their results like every other miner out there... carnival barkers and side show miracles with glossy handouts and smiling faces..
Birdman,,,Regarding RAJA
Published How to invest in Canada's Infrastructure.....ie search mining, gold and exploration in this.
http://andrewjohns.ca/assets/Default/Common/Sectors/Infrastructure/Infrastructure_Report_112907.pdf
Like this part the best!
Mining
Ongoing production and future expansion at Voisey’s Bay nickel mine—a project to which Toromont has considerable exposure—will necessitate approximately $2.9 billion in capital investments over the next 25 years. Meanwhile, we believe it is reasonable to expect the number of developments in Newfoundland to accelerate as exploration companies find more mineral deposits worth digging up from the ground.
Have you read his research on Gold and other commodities yet?
http://www.scribd.com/doc/28617078/Raymond-James-Research-on-Gold
AND Everything Else KATX....that is all folks..Newbies who don't read the Ibox or oldies alike..
http://camrhon.proboards.com/index.cgi?board=safe&action=print&thread=5920
Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 5:55am
NEWS RELEASE KAT EXPLORATION INC. May 15, 2009
Appointment of Kurt Homan to the Board of Directors
Mount Pearl, May15, 2009 - Kat Exploration Inc. (OTC-Pink Sheets:
KATX) is pleased to announce the appointment of Mr. Kurt Homan
to the Board of Directors.
Mr. Homan has served as Director for numberous mining and exploration companies. He has
extensive experience in property acquisitions, as well as in the feild of exploration and development
of mining properties across the United States, Canada and South Africa.
Mr. Homan is President, Chief Executive Ocer, and a Director of Sundance Diamonds Corporation,
a privately held company engaged in the exploration of diamonds in the United States
and South Africa. In 2009, Mr. Homan has made extensive eorts to identify near-term
production opportunities in South Africa and has identied and commenced eorts to close
transactions and produce diamonds.
In 2003, Mr. Homan co-founded High Plains Uranium, a publicly traded advanced exploration
uranium mining company. He served as Vice President and as a Director prior to the acquisition
of the company by Energy Metals Corporation (TSX: EMC). From 1998 to 2004, Mr. Homan
served as President, Chief Executive Ocer, and a Director of Trend Mining Company.
Kat Exploration is excited to have Mr. Homan serve as Head of Corporate Development. His
network of contacts within the mining and nancial communities across Europe and North
America will prove to be a valuable asset in moving Kat Exploration forward.
On Behalf of the Board of Directors
Kat Exploration Inc.
Ken Stead
President/CEO
KAT EXPLORATION INC.
Oce: 709.368.1024
Cell: 709.690.2908
E-mail: kstead@katexploration.com
Web: www.katexploration.com
http://r.b5z.net/i/u/10049316/i/KAT_news_relase_Kurt_Hoffman_may_15.pdf
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 5:56am
NEWS RELEASE KAT EXPLORATION INC. May 15, 2009
Appointment of James P. Matheson to the Board of Directors
Mount Pearl, May 15, 2009 - Kat Exploration Inc. (OTC-Pink Sheets:
KATX) is pleased to announce the appointment of James P. Matheson
to the Board of Directors.
James P. Matheson has over 20 years of entrepreneurial business and management experience.
During this time, Mr. Matheson has served as a consultant for a wide spectrum of small and
micro-cap companies that specialize in such elds as oil, gas, metals and mining. He has
provided these companies with expert advice and has assisted them in the arrangement of
nancial and marketing activities in the United States and Europe. His valuable management
experience has aided numerous companies in their preparation and development for a Senior
Exchange listing. Mr. Matheson’s strong network of contacts within the mining and nancial
communities that extends throughout North America and Europe will prove to be an asset for
Kat Exploration.
Kat Exploration Inc. is extremely pleased to have Mr. Matheson serve as its Public
Relations/Investor Relations Ocer. Mr. Matheson will manage the ow of information
between Kat Exploration and its public, as well as increase company exposure, provide news
items and build a rapport with the general public and its investors.
We feel strongly that Mr. Matheson has the ability to integrate nancial, communication,
marketing and securities law compliance to enable eective communication between the
company, the nancial community, and other constituencies. This will ultimately contribute to
the company's securities achieving fair valuation.
On Behalf of the Board of Directors
Kat Exploration Inc.
Ken Stead
President/CEO
KAT EXPLORATION INC
Oce: 709.368.1024
Cell: 709.690.2908
E-mail: kstead@katexploration.com
Web: www.katexploration.com
http://r.b5z.net/i/u/10049316/i/KAT_news_relase_James_Matheson_may_15.pdf
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 5:56am
NEWS RELEASE KAT EXPLORATION INC. May 18, 2009
Kat Exploration Inc. listed on the OTC- Pink Sheets, under the Ticker Symbol - KATX
Kat Exploration: Moving Exploration Forward
Mount Pearl, May18, 2009 – Kat Exploration Inc. (OTC-Pink Sheet -
KATX) is pleased to announce that on May15, 2009 it began trading
on the OTC-Pink Sheets.
The listing will expand investment opportunities to a wider investor base, enhance liquidity of
Kat Exploration’s shares, and provide the company with greater nancing options to support its
projects and sustain its expansion plans. This corporate milestone has caused great excitement
in the home camp and holds promise to a successful venture for all present and future shareholders
of the company.
Mr. Ken Stead (President) states that “Access to greater liquidity will help us accelerate eorts to
bring our properties to their full potential and broaden opportunities to expand our operations
internationally.” Kat Exploration Inc. holds a very promising portfolio of Gold, Copper, Silver and
IOCG properties in the province of Newfoundland, Canada. In 2009, Kat Exploration laid out a
series of programs to include prospecting, ground geophysical surveys and diamond drilling.
These programs were designed to follow-up conductive anomalies identied by airborne
geophysical surveys on the company’s 100% owned “Rusty Ridge”(IOCG) property. A recently
completed interpretation of an airborne survey and an existing 3D inversion modeling of the
magnetic data, show a discreet, strong magnetic anomaly underlying the “Rusty Ridge” area.
Coincidental with this, are moderate to strong IP chargeability anomalies that suggest a high
probability of signicant concentrations of sulphides. This target has been selected for testing
by diamond drilling late this summer and it’s anticipated that additional drill targets may be
developed from results of prospecting and further interpretation of the ground geophysical
surveys already completed.
As mentioned above, airborne or ground geophysics is planned for the “Lucky” copper/silver
property on the Bonavista peninsula. This property consists of numerous copper and silver
showings that was discovered intermittently on strike for approximately eight miles. Other
properties will continue to have sucient amounts of work completed this year to keep them
in good standing according to provincial regulation.
http://r.b5z.net/i/u/10049316/i/Kat_Press_Release_May_25__09.pdf
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 5:57am
NEWS RELEASE KAT EXPLORATION INC. May 18, 2009
“Rusty Ridge” Property Ready for Drilling
“Rusty Ridge” property ready for drilling - Kat Exploration Inc. (OTCPink
Sheets: KATX) Mount Pearl, May18, 2009
Kat Exploration is pleased to announce that this phase of the exploration program was highly successful
in identifying coincidental magnetic IP resistivity and soil geochemical anomalies. These ndings
suggest potential for a body of iron oxide +/- base, as well as precious and rare earth type mineralization,
similar in style and setting to the giant Olympic Dam deposit in Australia. Olympic Dam and related
deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is
located within a continental extensional environment within peralkaline rocks emplaced adjacent to a
regional fault system. The presence of a large magnetic body that appears to be intrusive into the
overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type
uorite mineralization and appears to suggest a magnetic origin for the mineralization.
A recently completed 3D inversion modeling of the airborne magnetic data, show a discreet, strong
magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP
chargeability anomalies that suggest either graphite or signicant concentrations of sulphides. Graphite
can be for the most part eliminated as the rocks are terrestrial, not marine, meaning that conductive
argillaceous rocks would not be expected in this environment.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic
Dam (and others) were not only detected in soils but also in rock samples. Also, other rare earth
elements Yttrium(Y), Niobium(NB), Zirconium(ZR) and Uranium, were all detected in both soil and rock
samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper. The host
rocks for most of the mineral occurrences and the unit overlying the most intense portion of the
magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple uorite and
disseminated pyrite.
This property as already generated a lot of interest from mining companies and is being oered as a
Joint Venture (JV) project.
About Kat Exploration Inc
Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major mining
companies. It is the Company’s objective to take advantage of increased activity to generate numerous joint
venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements
about expected future events and/or nancial results that are forward-looking in nature and subject to risks and uncertainties. Such
forward-looking statements by denition involve risks, uncertainties and other factors, which may cause the actual results, performance
or achievements of Kat Exploration Inc. to be materially dierent from the statements made herein.
Ken Stead
President/CEO
KAT EXPLORATION INC
Oce: 709.368.1024
Cell: 709.690.2908
E-mail: kstead@katexploration.com
Web: www.katexploration.com
http://r.b5z.net/i/u/10049316/i/Rusty_Ridge_ppp.pdf
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 5:58am
NEWS RELEASE KAT EXPLORATION INC. May 19, 2009
“Lucky” Property Ready for Drilling
Kat Exploration Inc. announces “Lucky” property is ready for drilling.
Mount Pearl, May19, 2009 - Kat Exploration Inc. (OTC-Pink Sheets: KATX)
Kat Exploration is pleased to announce THAT its “Lucky” property is ready for drilling. The
“Lucky” property consists of 42 claims in 1 license on the Bonavista peninsula of Newfoundland,
Canada.
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 approx. 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.
This type of environment has the potential to produce low grade, large tonnage copper deposits
similar to those of the Zambia copper belt.
More ground work is planned for the Northern portion of the property in the upcoming season
and drilling is hoped to take place in and around the most exposed mineralized copper showings.
About Kat Exploration Inc
Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major
mining companies. It is the Company’s objective to take advantage of increased activity to generate
numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This
material contains statements about expected future events and/or nancial results that are forward-looking in nature
and subject to risks and uncertainties. Such forward-looking statements by denition involve risks, uncertainties and other
factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially dierent
from the statements made herein.
Ken Stead
President/CEO
KAT EXPLORATION INC
Oce: 709.368.1024
Cell: 709.690.2908
E-mail: kstead@katexploration.com
Web: www.katexploration.com
http://r.b5z.net/i/u/10049316/i/KAT_news_relase_May_19_09.pdf
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 6:00am
KAT Exploration Is Focused On Bringing Their Precious And Base Metals Properties In Newfoundland To A Level Where They Can Do Feasibility Studies And Attract Joint Venture Partners
Company Profile:
KAT Exploration Inc. is an exploration company based in Mount Pearl, Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
Ken Stead, President and CEO
Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.
In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past eleven years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment along with gold and will continue to make this one of the company’s priorities.
Interview conducted by: Lynn Fosse, Senior Editor, CEOCFOinterviews.com, Published - July 17, 2009
CEOCFO: Mr. Stead, what is the focus of KAT?
Mr. Stead: “Our focus is precious metals and base metals. We want to bring our properties to a level where we can do feasibility studies on the deposits and possibly joint venture with a major company. I have done that quite often in the past with my former company, Cornerstone Resources Inc. We joint ventured with major world companies such as Phelps Dodge, Noranda and others. So I know how the field works and it is to a company’s benefit, to have the backing of major companies to offset the costs of drill programs and even the intense exploration on some of our best projects.”
CEOCFO: What do you like about the area you are in now?
Mr. Stead: “It is an area where you are born and you are quite familiar with. We know the geology. We know many of the government officials with the Department of Mining and Energy, and they are quite helpful in all the research they have done down through the years. Quite often if you go to their data bank it will point you to areas where they have discovered minor showing of copper, gold, silver and so on. We explore these areas. Throughout the province there has been a lot of logging throughout the years, so accessibility to logged areas is very good. The province itself has had a number of Gold mines and are still producing some with others coming on stream for production. The government is always out in the forefront encouraging exploration in mining and oil as we are becoming a major player in oil. With that kind of combination of oil and minerals it makes it easy for us to explore, so if you put it all together it becomes an exciting area. With the experience and success we have had in the past, we just continue on with what we know and do best. The area still has quite large land packages that are under-explored or not explored at all and we have discovered many mineral occurrences that currently we have not staked. So it still lends itself to lots of exploration in the future.”
CEOCFO: How come so much is underexplored if it is such a pro-mining area?
Mr. Stead: “That’s an interesting question”. If you go back into the history of Newfoundland you will find that there was lots and lots of mining. There were numerous copper mines, silver mines and a few other products way back in the 1800’s and early to mid 1900’s. But we are in a province of only half-a-million people yet our land mass is equal to that of England. So I guess when it comes to economics, Newfoundland was always one of the poorer provinces of Canada. Only recently had we actually risen above the entire country because of oil and mining production. Therefore, when the commodity prices became worth exploring, a lot of major companies came to the province following up on some old work that had been done by companies like Noranda way back in the early 1900’s and mid-1950’s and 60’s. They had left because the prices of metals were down. When it was down, they discovered that it wasn’t feasible to continue exploration, so a lot of companies came in on the backs of that work along with new discoveries. With that said and done, a lot of prospectors took an interest because companies came in and employed some of the locals to do the work and from that they formed their own little exploration companies. So over the last ten to fifteen years, you had a lot of that happening, which generated more discoveries and interest in the province. Therefore, it has become like a whole new industry here in Newfoundland with a lot more prospectors coming to the fore. When you go to mining shows and exhibits and display what you have discovered it attracts the attention of world-class companies and that also brings some to Newfoundland. It has really taken on a life of its own.”
CEOCFO: Would you give us a little rundown on the projects you are working on now?
Mr. Stead: “Right now we are working on our Handcamp Gold Property which is a very high-grade gold property. When I say high-grade that is from 158 grams of gold per ton in some grab samples. Yet we did a channel sample of approx..30 feet with a little over 7 grams of gold across the exposed outcrop; this is right on the surface. With the Handcamp Gold Property right now, we are working out a drill program. We were hoping for late summer, but it may be early fall, which is a good time actually for us here; the weather won’t be so hot. That particular property had some work done on it and there is a lot of base metals tied in with the gold, so it is sort of a semi-massive sulphides and gold property. That property is just south of the new gold processing facility, which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also.
Our Handcamp Gold Property is very exciting and of great interest for us to move it forward. It is right in the mining district where there are operating gold mines. So it would be an easy property for us to either farm out or to probably sell outright if we do our own work and bring it to feasibility study to determine what the reserve is.
We have another property called “Rusty Ridge” and by means of an airborne survey and some ground geophysics it too is ready for drilling. There was an interpretation done by an independent geophysics company from Vancouver, on the other side of Canada, who likened many of the signatures that we are finding to that of the Olympic Dam in Australia. That is actually their words not ours. We have two deep targets, so the idea is to get down there and see what those targets are. While it is a costly operation, we will venture it ourselves but would hope to joint venture it with another company. The only thing is, with the Handcamp Gold Property a priority, we are not sure if we will get a drill on the Rusty Ridge this year. If we can find the time to promote it and get a major company to come and use their money, well that will really help. However, if not we will test that deposit ourselves. If it is what we hope it is, it would probably turn this area into a whole brand-new exploration play for major companies because these deposits are kind of rare in that they host nearly all the major minerals. They have base metals, gold, silver and uranium along with rare-earth minerals. If it turns out to be an economical deposit, one can imagine how other companies will take interest in the whole region looking for more of these deposits.
We are excited about that property, but it is a property that if the Handcamp Gold Property starts turning out what we think it might, because of gold prices today, we may just continue with that one and do the Rusty Ridge a little later. Other than that, we have several copper/silver combination properties, and lots more to go if we want to stake what we have been finding. For now, these properties we have in our portfolio, and will hopefully bring in another gold property, which we are now considering that also has great potential. As a new company just coming on, there is overhead, and a higher burn rate in adding more properties to our portfolio, so we will be cautious not to spread ourselves to thin. Therefore, we don’t want to waste money when we can focus in areas of high interest and hopefully areas that will catch the attention of investors because the company has done good work on good properties.”
CEOCFO: A well thought out plan!
Mr. Stead: “We think so”. That is the normal way of thinking in this industry as I have learned from past experience. We have a good crew and good properties, and lots of potential for other properties as well. As the company grows, we will certainly expand our operations to other parts of the province. In the many under-explored areas, it would take a chopper to get there, but we have done that quite often in the past and will continue to take advantage of that in the future. When you get into these areas you can be sure that the average prospector who is operating on small government grants and their own money, haven’t been in these areas because they just can’t afford the expense. So there are some areas that we have our eye on and if we don’t get to them this year we will next year. In the meantime we certainly have a full slate of work programs for this year. So far with our stock, we are generating interest from investors according to recent trading, especially over the last few days, so we are quite pleased.”
CEOCFO: How do you attract people to the stock?
Mr. Stead: “The way we work is, we have a group in Vancouver who are engaged in helping fund the company and took us under their wing for an equity stake in the company and managed to take us public. In the meantime, we are attracting people to our stock through marketing, and with media groups like you guys right now, as well as press releases. In the past I had known quite a few major companies and we would hope to take advantage of them as time goes by and hopefully some of these will take an interest in the company as well. Again, we are quite pleased that we have generated so much interest so quickly. We think now with the ongoing programs we have and good management team, we can establish a good investor base and retain our stock through a decent price.”
CEOCFO: In closing, why should potential investors pick Kat out of the crowd?
Mr. Stead: “We feel like we are an exciting company. We have a field crew that knows what they are doing. We have some good past experience. Again, we are not a fly-by-night company; we are located in an area that is under-explored where in recent times have made new economical discoveries. 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.”
“Our Handcamp Gold Property is very exciting and of great interest for us to move it forward. It is right in the mining district where there are operating gold mines. So it would be an easy property for us to either farm out or to probably sell outright if we do our own work and bring it to feasibility study to determine what the reserve is.” - Ken Stead
http://www.ceocfointerviews.com/interviews/KATX-KATExploration.htm
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 6:08am
Ken Stead, President and CEO
Ken Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995.
In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been activily working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the companies priorities.
Email: kstead@katexploration.com
Timothy R. Stead, VP of Field Operations
Timothy R. Stead is a co-founder of Kat Exploration Inc., and has been VP of Field Operations. since the company's incorporation in December of 2005. Mr. Stead completed a prospector's training course in 2000, where he was then working in the field for Cornerstone Resources Inc. He has many years of experience and knowledge working with Sediment-Hosted Copper on the eastern portion of the province of Newfoundland. Mr. Stead has acquired much experience and knowledge of massive sulphide deposits as well as gold, and at present is overseeing a work program on one of the companies most exciting gold properties.
Email: tstead@katexploration.com
Head Of Corporate Development... John D Zwicker.
For many years Mr. Zwicker held a position as director of Public Works for a large Municipality in NS. Included in this position was the oversight of large construction contracts, and managing a large budget and work force necessary to maintain the department. He also has entrepreneurial business and management experience. For a period of time Mr. Zwicker owned and operated a private business along with a partnership in a Printing and Stationary firm. For a number of years, he has served in voluntary work that has required people skills and the organizing of large events.
With Mr. Zwickers organizational skills, we believe his common sense approach to business and business related decisions will assist our company to move forward and reach it's goals.
http://www.katexploration.com/directors
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 6:12am
Kat Explorations Inc.
15 Blade Cresent
Mount Pearl, NL
A1N 5L1
(p) 709.368.1024 or 709.690.2908
(e) info@katexploration.com
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 6:13am
Colliers Property
Mineralization consisting of chalcopyrite, bornite and calcite which occurs as patches and as fillings of fractures in the andesitic and basaltic rocks of the Harbour Main Group. The occurrence consists of an old working with a 90 foot (27 m) shaft. Malachite stains are abundant on the surface of the host rock. Copper Mineralization also occurs in the subaerial mafic volcanic rocks as occurrences which usually contain one or more of native copper, chalcocite, chalcopyrite, covellite and bornite in veins, amygdule fillings, disseminations and shear zones. This deposit was documented as early as 1868, and other than the 27m shaft this deposit has never been drilled off leaving much unknown about the source and amount of contained copper and silver within this deposit. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver.
Colliers- Exploration Results- Click Here
Colliers- Report on Property Examination-Click Here
Rusty Ridge Property
The Results of this phase of the exploration program was highly successful in idenifying coincidental magnetic IP reistivty and soil geochemical anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional enviroment within peralkaline rocks emplaced adjacent t a regional fault system. The presence of a large magnetic body that appear to be intrusive into the overlying rock sequenc that appear regionally altered, are variably pyreticand contain vein type fluorite mineralization and appars to suggest a magnetic origin for the mineraliztion.
A recently completed 3D inversion modeling of the airborne magnetic data, show a discreet, strong magnetic anomaly underlyin the rusty ridge area. Coincidental with this moderate to strong IP chargeability anomalies that suggest either, graphite or significant concentrations of sulphides. Graphite can be for the most part elminated as the rocks are terrestrial, not marine meaning that conductive argillaceous rocks would not be expected in this enviroment.
Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. 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.
For Rusty Ridge 3D Model- Click Here
For Rusty Ridge Airborne Survey- Click Here
Handcamp Gold Property
The "Handcamp" gold property held by a group of prospectors is comprised of 17 claims and is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment. One 50m wide mineralized zone lies within a stratabound structurally complex zone which lies near a major east-directed thrust within the Roberts Arm Group and is reflected in folding, shearing and mylonite development. A volcanogenic sulphide zone lies within a northeast-trending sequence of mainly submarine mafic volcanic rocks and minor felsic volcanics and interbedded chert and argillite of the Roberts Arm Group. The sulphide mineralization includes Galena and Sphalerite along with Pyrite. Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m. Significant gold values have also been obtained from white chert. Assay results from the Handcamp property have given a wide range of gold values such as 53.3 g/t Au with over 2oz silver/ton. A number of grab samples assayed 20 g/t,94 g/t, with one grab reportly as high as 158.9 g/t. Both lead and zinc of up to 2% are also from these same samples. A previous drill hole encountered .39oz of gold over 7 feet, with visible gold been panned from a recently trenched outcrop. Kat Exploration owns 60 claim block surrounding the main Handcamp gold showing and has a work program in place for the immediate spring that will see prospecting, some trenching and diamond drilling over high priority areas.
Shaylee
Rock Types: Sericite schist derived from felsic volcanic and epiclastic sedimentary protholiths. The region is traversed by numerous faults, most of which are high-level brittle features. The most notable of these are the Charlottetown, Salmon Brook and Platter Cove Faults and the unnamed structure that defines the western boundary of the Love Cove Group. Some of these may represent brittle reactivation of earlier, more fundamental structures. The Shaylee copper mineralization is in a rock cut on the Bunyon's Cove road. The mineralization is approx 75m wide and continues to the shoreline approximately 1km and consists of stringers of native copper, Chalcocite and Malachite staining. Continuing along the road approximately 200m, there is another copper zone containing Chalcocite and Malachite. This showing is approximately 50m wide
South Lucky Copper
Copper mineralization is quite visible in an old pit near the gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. More ground work is planned for the Northern portion of the property in the upcoming season.
http://www.katexploration.com/properties
Re: Kat Exploration PRs
Post by sandi66 on Oct 20, 2009, 6:16am
WESTERN TRANSITIONS, INC 15-12G filed on 06/08/2009 Company Filings
Table of Contents View Header Printer Friendly
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 0-29545
KAT Exploration, Inc .
(Exact name of registrant as specified in its charter)
15 Blade Crescent
Mount Pearl, Newfoundland, Canada
A1N 5L1
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Common Stock, Par Value $0.001 Per Share
(Title of each class of securities covered by this Form)
None
(Title of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule/provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a) (1) (i) [X] Rule 12h-3(b) (1) (i) [X]
Rule 12g-4(a) (1) (ii) [_] Rule 12h-3(b) (1) (ii) [_]
Rule 12g-4(a) (2) (i) [_] Rule 12h-3(b) (2) (i) [_]
Rule 12g-4(a) (2) (ii) [_] Rule 12h-3(b) (2) (ii) [_]
Rule 15d-6 [_]
Approximate number of holders of record as of the certification or notice date:
Common Stock, par value $0.001 per share
98
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Kat Exploration, Inc. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
KAT Exploration, Inc.
/s/ Ken Stead_______________
Ken Stead, President
Date:June 5, 2009
http://knobias.10kwizard.com/contents.php?ipage=6369848&rid=12&back=1
Re: Kat Exploration PRs
Post by sandi66 on Nov 23, 2009, 7:41am
Kat Exploration Report on Recent Discoveries on its "Lucky" Property
Press Release
Source: Kat Exploration Inc.
On 7:05 am EST, Monday November 23, 2009
Companies:Kat Exploration Inc.
MOUNT PEARL, Newfoundland--(BUSINESS WIRE)--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.
In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
At this time the board of Directors would like to inform investors who have voiced concerns regarding the amount of the KATX authorized shares. The Company has 3 billion shares authorized. The authorized includes three separate series of reserved shares of which two are non-dilutive. These two series of reserved shares are equal to the fully diluted voting capacity of 66% of the Company’s controlling interest to protect the company from any hostile takeover. Therefore, there are actually only approximately 500,000,000 shares available for common issuance within the authorized shares.
About Kat Exploration Inc
Kat Exploration’s principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company’s objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Kat Exploration IncKen Stead, 709-368-9223 or 709-690-2908Presidentkstead@katexploration.com
www.katexploration.com
http://finance.yahoo.com/news/Kat-Explor....8.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Nov 25, 2009, 6:31am
Kat Exploration Announces Latest Result on Its "Rusty Ridge"
Press Release
Source: Kat Exploration Inc.
On 7:05 am EST, Wednesday November 25, 2009
Companies:Kat Exploration Inc.
MOUNT PEARL, Newfoundland--(BUSINESS WIRE)--Kat Exploration Inc. (OTC-Pink Sheets: KATX)
www.katexploration.com
Kat Exploration is pleased to announce the results of its latest work program on its 100% wholly owned Iron Oxide, Copper, Gold(IOCG) “Rusty Ridge” property. Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body(can be viewed on Kat’s website)that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
The latest work program carried out on the far northern portion of the property has revealed new gold discoveries as high as 2 g/t and elevated Light Rare Earth Elements (LREE). This latest discovery is of most interest to the company as it is approximately 1kms from the magnetic anomalies in an under explored area.
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat’s website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples. As well other rare earth elements Yttrium(Y), Niobium(NB), Zirconium(ZR) along with Uranium, were all detected in both soil and rock samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper.
The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Kat Exploration Inc.Ken Stead - PresidentOffice: 709-368-9223 – 709-690-2908Website: www.katexploration.comEmail: kstead@katexploration.com
http://finance.yahoo.com/news/Kat-Explor....0.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Dec 21, 2009, 7:17am
Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
Press Release Source: Kat Exploration Inc. On Monday December 21, 2009, 8:00 am
MOUNT PEARL, NL--(Marketwire - 12/21/09) - Kat Exploration Inc. ("Kat") (Pinksheets:KATX - News) www.katexploration.com
The company is pleased to announce that further to its news release on December 9, 2009 of a LOI it has now completed the signing of an option agreement with Steve Courtney, a senior prospector for the Twi-Lite gold property consisting of 48 claims, located 14 kilometers southwest of Grand Falls-Windsor, Newfoundland.
Kat has agreed to acquire a 100 percent interest in the Twi-Lite property during a three-year period in consideration of total cash payments of $144,000, which includes a payment of $18,000 on signing $30,000 on first anniversary of the option agreement, $46,000 second anniversary and $50,000 third anniversary. No shares of Kat Exploration are involved in the deal.
Kat Exploration will be the operator of the project during the option period.
"We are very pleased to have the Twi-Lite property as part of our gold portfolio. It provides us with greater opportunity to expand our position as a real gold player. The company's field crews will now build on past work and examine high priority targets which offer excellent potential for the discovery of new gold mineralization.
"Our management team believes that Twi-Lite is a highly prospective property based on strong exploration results to date, its favorable geology and strategic location," said Ken Stead, President and CEO of Kat Exploration.
Some results to date:
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold).
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t).
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t).
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t).
Information pertaining to the Twi-Lite property will be posted to the website in the very near future.
About Kat Exploration
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties throughout the province of Newfoundland. It is the Company's objective to take advantage of increased activity to generate joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration to be materially different from the statements made herein.
Contact:
Contact:Ken SteadPresident - CEOOffice: 709-368-9223Cell: 709-690-2908Website: www.katexploration.comEmail: kstead@katexploration.com
http://finance.yahoo.com/news/Kat-Explor....8.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Jan 6, 2010, 10:09am
Kat Exploration Summary of Latest Events
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - January 6, 2010) - Kat Exploration Inc. -- (PINKSHEETS: KATX) www.katexploration.com -- Kat Exploration is pleased to report that due to its filing of updated information, it has met all pink sheets regulations and requirements, which once again moves Kat back in the "Current Information" Status.
Over the next couple of weeks, news will be made available to the public with regards to the company's funding efforts and latest results from recent work on the "Handcamp" gold property.
The Board of Directors is very pleased with recent events and feels that 2010 will be a very successful year for the company.
About Kat Exploration Inc.
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
Website: www.katexploration.com
Email: kstead@katexploration.com
http://www.marketwire.com/press-release/Kat-Exploration-Inc-1098048.html
Re: Kat Exploration PRs
Post by sandi66 on Jan 14, 2010, 11:59am
Kat Exploration -- Retires and Eliminates 2 Billion Shares From Treasury
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - January 14, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) (www.katexploration.com) would like to inform its investors that it has retired and eliminated 2,000,000,000 shares from its treasury of authorized shares which was originally 3,030,000,000 shares. The new amount of authorized shares is 1,030,000,000 shares. The company's final share structure will be updated on pinksheets.com.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
Kat Exploration Inc.
Office: 709-368-9223
709-368-9224
Cell: 709-690-2908
Fax: 709-368-9213
www.katexploration.com
kstead@katexploration.com
http://www.marketwire.com/press-release/....ry-110192 7.htm
Re: Kat Exploration PRs
Post by sandi66 on Jan 15, 2010, 3:36pm
Kat Exploration Secures up to $5 Million Funding With 50 Million Restricted Shares and Retires REG-D 504
MOUNT PEARL, NL--(Marketwire - January 15, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration has secured funding for up to $5 million. The funding contract guarantees $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.
Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
Kat Exploration Inc.
Office: 709-368-9223
709-368-9224
Cell: 709-690-2908
Fax: 709-368-9213
www.katexploration.com
kstead@katexploration.com
http://www.marketwire.com/press-release/....res-1102443.htm
Re: Kat Exploration PRs
Post by sandi66 on Jan 19, 2010, 12:21pm
KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on the Horizon
January 19, 2010
MOUNT PEARL, NL--(Marketwire - 01/19/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.KATexploration.com, along with its private group of investors who recently funded the company with up to $5 million for 50,000,000 restricted shares, has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. The Private Independent Consultants possess a wealth of experience in the business arena throughout the world and will bring an entire new level of professionalism and key relationships to KAT Exploration as it moves forward.
We feel it to be in the best interest of our shareholders for KAT to seek a dual listing on a major exchange. Along with a US listing, we will now proceed to meet the requirements of gaining a listing on one of the largest Asian Stock Market Exchanges, later to be named. This too is being organized by our Private Independent Consultants.
Along with the new listing, our Consultants will assist in increasing shareholder value by diversifying and adding "Carbon Credit" projects into KAT's portfolio of assets. It is expected that these projects will generate significant amounts of revenue to KAT's bottom line financials. A choice of Carbon Credit projects in Brazil and Sierra Leone are being considered at this time. KAT believes that adding a piece of carbon credit assets to its portfolio will greatly enhance shareholder value.
The New York Times released an article that explained how carbon trading is one of the "fastest-growing specialties in financial services" and how many companies are trying to figure out how to get "a slice of a market now worth about $30 billion and that could grow to $1 trillion within a decade." The article further states that "Carbon will be the world's biggest commodity market, and it could become the world's biggest market over all."
The World Bank manages over $2 billion dollars to purchase credits of greenhouse gas emission reductions from projects that are expected to be registered for the purposes of the Kyoto Protocol's Article 12 (Clean Development Mechanism) or Article 6 (Joint Implementation). As governed by the United Nations Framework Convention on Climate Change (UNFCCC), the Kyoto Protocol is an international agreement linked to the UNFCCC. The major feature of the Kyoto Protocol is that it sets binding targets for 37 industrialized countries and the European community for reducing greenhouse gas (GHG) emissions.
Private consulting arrangements have been agreed upon which the company believes will greatly contribute towards the growth of the company to justify any current increase in its share structure to provide this array of mining and listing support while securing carbon credit assets. All of these actions are believed to greatly enhance shareholder value of which will be announced later. This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued. The company's final share structure will be updated on pinksheets.com very soon.
We would like to emphasize that while our Consultants will be concentrating on new projects, our mineral properties, especially Gold, will remain the center of our focus.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Contact:Ken Stead
President / CEO
KAT Exploration Inc.Office: 709-368-9223
709-368-9224Cell: 709-690-2908
Fax: 709-368-213
www.KATexploration.com
kstead@KATexploration.com
http://finance.yahoo.com/news/KAT-Exploration-Retires-iw-892660348.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Jan 20, 2010, 11:15am
KAT Exploration Inc. Joins Information Portal StockProfile.com
January 20, 2010
MOUNT PEARL, NL--(Marketwire - 01/20/10) - Kat Exploration Inc. (Pinksheets:KATX - News) today announced that it has joined www.StockProfile.com, a customized web-based platform showcasing emerging growth stocks.
StockProfile.com provides the investing public with a free unique information portal for investors who like to conduct their own research and make their own investment decisions. The platform allows users to review and investigate dynamic publicly traded companies in a user-friendly environment.
Ken Stead, President/CEO, states, "We are delighted to have been invited to enlist on StockProfile.com. This will now act as another tool for creating greater accessibility to Kat's activities for the general public."
If you are interested in viewing - Kat Exploration Inc. profile, please visit www.StockProfile.com.
About KAT Exploration, Inc.
KAT Exploration, Inc. engages in the exploration of mineral properties primarily in Canada. It primarily explores for gold, copper, and silver. The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our focuses, the company has a greater interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand its focus in this area as well. With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential.
Contact:
Contact:Ken SteadPresident / CEOKat Exploration Inc.Office: 709-368-9223709-368-9224Cell: 709-690-2908Fax: 709-368-9213www.katexploration.comkstead@katexploration.com
http://finance.yahoo.com/news/KAT-Explor....8.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Jan 25, 2010, 9:41am
KAT Exploration -- Handcamp Soil Samples Submitted for Analysis
January 25, 2010
MOUNT PEARL, NL--(Marketwire - 01/25/10) - KAT Exploration Inc. (Pinksheets:KATX - News) www.KATexploration.com
A total of 593 soil samples from the Handcamp gold property have been submitted to Actlabs in Ontario, Canada for Gold and base metal analysis.
The company is anxiously awaiting those results as they will assist in identifying other gold anomalies throughout the property, which in turn will provide important data for additional drill targets.
Results from the first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. The company feels that if this is any indication as to what might be discovered through this latest batch of soils submitted for analysis, it would increase the Handcamp gold potential significantly.
Not to be overlooked is the fact that quite a number of massive to semi-massive sulphide anomalies including Silver, Zinc, Copper & Lead, have also been detected in the first round of soil analysis and rock samples as well.
This combination of Gold and base metals, lends itself to a potential of much higher value than just gold alone, which is another reason why Kat has made the Handcamp property one of its high priority projects for 2010.
As soon as results are received from this latest batch of soil samples, the final 800 soil samples will be submitted for gold analysis. Upon receipt of these results, data will be compiled and a very definitive drill program will commence.
At that point in time Kat will develop a (NI) 43-101 Standards of Disclosure for this Handcamp property.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Contact:Ken SteadPresident / CEOKAT Exploration Inc.Office: 709-368-9223709-368-9224Cell: 709-690-2908Fax: 709-368-9213kstead@KATexploration.comwww.KATexploration.com
http://finance.yahoo.com/news/KAT-Explor....0.html?x=0&.v=1
Re: Kat Exploration PRs
Post by sandi66 on Jan 27, 2010, 12:15pm
Kat Exploration Reports Additional Copper Find on Its "Lucky" Property
MOUNT PEARL, NL--(Marketwire - January 27, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) 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.
About Kat Exploration Inc.
Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President
Office: 709-368-9223
709-368-9224
Website: www.katexploration.com
Email: kstead@katexploration.com
http://www.marketwire.com/press-release/....ty-1107944 .htm
Re: Kat Exploration PRs
Post by sandi66 on Mar 1, 2010, 9:52am
KAT Exploration Receives Very Exciting Gold Results From Handcamp Soil Samples
MOUNT PEARL, NL--(Marketwire - February 1, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) (www.KATexploration.com)
Results for the 593 soil samples from the Handcamp gold property which were submitted to Actlabs in Ontario, Canada for Gold and base metal analysis have been received.
Of the 593 samples submitted, an amazing 239 samples have tested positive for gold. These samples are now being plotted on grid maps from in-house but will also be contracted to an independent geologist for plotting as well. These results will be plotted digitally so they can be posted to Kat's website for investor viewing. These soil samples were taken from a 44 line km grid totaling a 2sq km radius.
Ken Stead, President/CEO, stated, "While soil samples are a great tool for identifying mineral anomalies underneath the overburden, if not done right the samples could show a negative response. The fact that the taking of these soils was contracted out can cause a company to be a little nervous, in the case that the proper care is not taken to get the 'B' horizon soil which contains the most abundant of minerals unlike the 'A&C' horizons."
"However, we are extremely pleased with the results which in turn show that the contractor who collected the soils did a good job. While the company was expecting good results, we never imagined that gold would show up in such a large number of samples. Just from a quick review of the results of the larger gold numbers, it is obvious that there are other areas on the property hosting significant gold and base metals."
The remaining, approximately 800 soil samples from this 44 line km grid within the 2sq km's are now being prepared for immediate transporting to the lab for analysis.
The first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. These latest results will no doubt aid in extending the strike length of the already discovered high grade gold areas. Some of the latest 593 samples were sent from areas over 600 meters from the high grade zones, which demonstrate the significance of how widespread gold is throughout the property.
The final batch of soils will help fill in the gaps between some of the areas that have not been tested for gold and help identify areas of any significant size.
As soon as results are received from the remaining 800 soil samples, we will notify the public of the results, and these too will be digitally plotted by an independent geologist in order to have them posted to the website.
On behalf of the company we would like to say that "we are very excited over the fact the each phase of work on the Handcamp property only adds to its potential in a most positive way."
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Cell: 709-690-2908
Fax: 709-368-9213
www.KATexploration.com
kstead@KATexploration.com
http://www.marketwire.com/press-release/.... es-1110051.htm
Re: Kat Exploration PRs
Post by sandi66 on Mar 1, 2010, 9:52am
Katanga Mining Invests in DRC Agricultural Projects and Will Not Be Adversely Affected by Recent Export Restrictions
BAAR, SWITZERLAND--(Marketwire - Feb. 3, 2010) - Katanga Mining Limited (TSX:KAT) (the "Company") announces that it continues to invest in agricultural projects in the Katanga region of the Democratic Republic of Congo and will look to increase this investment in an appropriate manner. Accordingly, the Company believes the recently announced export restrictions on companies failing to invest in agricultural projects in the Katanga region will not adversely affect the Company's business.
About Katanga Mining Limited
Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
For more information, please contact
Katanga Mining Limited
John Ross
CEO
+41 (041) 766 71 10
or
Katanga Mining Limited
Nick Brodie
CFO
+41 (041)766 71 12
http://www.marketwire.com/press-release/....KAT-1111710.htm
Re: Kat Exploration PRs
Post by sandi66 on Mar 1, 2010, 9:53am
Katanga Announces 2009 Fourth Quarter and Year-End Results
BAAR, SWITZERLAND--(Marketwire - Feb. 8, 2010) - Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") today announces its financial results for the 2009 fourth quarter and fiscal year end. Katanga's Financial Statements and Management's Discussion and Analysis will be filed on SEDAR, www.sedar.com.
Highlights for the fourth quarter ended December 31, 2009
For the fourth quarter, the Company had a gross profit of $16.8 million and net income of $15.3 million.
Total sales revenue for the quarter was $100.0 million generated from the sale of 10,275 tonnes of copper and 680 tonnes of cobalt.
Cash flow from operating activities before changes in non-cash working capital showed a positive contribution of $15.5 million.
Production records were set in all areas of Katanga's business, including:
o KTO Underground Mine ore mined 329,703 tonnes with an average copper grade of 3.84% and an average cobalt grade of 0.53%;
o T17 Open Pit ore mined 658,120 tonnes with an average copper grade of 1.08% and an average cobalt grade of 0.93%;
o the Kamoto concentrator processed 581,876 tonnes of ore and produced 54,782 tonnes of concentrate; and
o Luilu processing plant produced 13,382 tonnes of copper and 824 tonnes of cobalt.
On October 1, 2009, the Company commenced commercial production from Phase II of the rehabilitation program. At that point, the Company had exceeded 70% of the planned increase in capacity (to 70,000 tonnes per annum of copper cathode) and had shown that the increase was sustainable.
Pre-stripping and dewatering of the KOV pit commenced in November 2009. Commercial production from this pit is expected to commence in the third quarter of 2010 in line with the new Accelerated Development Plan discussed below.
Highlights for the year ended December 31, 2009
Copper production in 2009 totaled 41,964 tonnes, cobalt production totaled 2,534 tonnes and finished copper concentrate totaled 4,120 tonnes (with a contained metal content of 1,714 tonnes). From the first quarter to the fourth quarter, copper production increased from 8,715 tonnes to 13,382 tonnes and cobalt production increased from 487 tonnes to 824 tonnes.
KTO Underground exceeded 1,000,000 tonnes of ore mined by 94,088 tonnes with an average copper grade of 3.85% and an average cobalt grade of 0.49%.
T17 Open Pit mined 1,687,978 tonnes of ore with an average copper grade of 1.30% and an average cobalt grade of 0.85%.
Total sales revenue for the year was $285.5 million generated from the sales of 38,126 tonnes of copper, 2,260 tonnes of cobalt and 16,952 tonnes of cobalt concentrate. Total gross loss for the year was $37.0 million and the net loss was $108.0 million.
The Company strengthened its financial position during the year and achieved other important milestones in its business, as follows:
o raising an additional $100 million through the issuance of a convertible loan facility which was fully converted into equity on June 2, 2009;
o raising $250 million through a rights offering completed on July 7, 2009;
o signing a new Joint Venture Agreement ("JVA") with Gécamines on July 25, 2009. The major areas covered by the new JVA being the release of the Dikuluwe and Mashamba West deposits with the associated agreement on replacement deposits; the merger of the Kamoto Copper Company SARL ("KCC") and DRC Copper and Cobalt Project SARL joint ventures; and the transfer of necessary exploitation permits;
o completing, with a positive outcome, the mining license review initiated by the Government of the Democratic Republic of the Congo;
o announcing the accelerated development plan ("the Accelerated Development Plan") on September 8, 2009, to ramp up the project to 150,000 tonnes of copper and 8,000 tonnes of cobalt per annum through the early completion of Phases III and IV. Katanga continues to expect the Accelerated Development Plan will be funded from existing cash balances and cash generated by operations (based on current copper and cobalt prices and current operating cost assumptions);
o acquiring Kamoto Operating Limited ("KOL"), which was the operator of the assets of KCC in the DRC, on September 23, 2009. As one of the requirements of the new JVA, the KOL operating agreement was terminated on September 30, 2009.
Outlook
The Company is forecasting production of 82,000 tonnes of copper cathode and 5,500 tonnes of cobalt metal in 2010.
The Company expects to continue the Accelerated Development Plan up to a production capacity of 150,000 tonnes of copper and 8,000 tonnes of contained cobalt per annum by the second quarter of 2011. The Company continues to expect that the Accelerated Development Plan will be funded from existing cash balances and cash generated from operations (based on current copper and cobalt prices and current operating cost assumptions).
Katanga expects an amendment to the Technical Report of March 17, 2009 will be issued by March 31, 2010 to incorporate the new Accelerated Development Plan.
The Company expects to undertake a Scoping and Engineering study that will review the process engineering completed for the planned new SX/EW plant with a view towards reducing the capital expenditures and simplifying process design to facilitate the integration with the current site infrastructure.
John Ross, the new CEO of Katanga commented as follows on the year and the outlook going forward: "Katanga re-established its short and medium term objectives in 2009 and consolidated efforts to improve the fundamental aspects of the business with regards to safety, production and unit cost of production. Significant progress in these areas, coupled with concluding the Joint Venture Agreement and obtaining additional financing to strengthen the balance sheet, has resulted in a solid foundation from which Katanga can continue to develop its assets to increase productivity and to sustain profitability."
About Katanga Mining Limited: Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.
Forward-looking Information
This press release contains "forward-looking statements" within the meaning of Canadian securities legislation, concerning the business, operations and financial performance and condition of Katanga. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget,", "scheduled estimates", "forecasts", "outlook", "intends", "anticipates", "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur", or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Katanga to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks relating to the refurbishment of existing facilities; unexpected events during construction, expansion and start-up; variations in ore grade or tonnes mined; future prices of copper and cobalt; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; political unrest and insurrection; acts of terrorism; accidents, labor disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed herein or referred to in the current annual information form of the Company filed with the securities regulatory authorities in Canada and available at www.sedar.com. Although management of Katanga has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Katanga does not undertake to update any forward-looking statements that are incorporated herein, except in accordance with applicable securities laws.
For more information, please contact
Katanga Mining Limited
John Ross
CEO
+41 (41) 766 71 10
or
Katanga Mining Limited
Nick Brodie
CFO
+41 (41) 766 71 12
http://www.marketwire.com/press-release/....AT-1113659.h tm
Re: Kat Exploration PRs
Post by sandi66 on Mar 1, 2010, 9:53am
KAT Exploration Secures Large Land Packages Around Its Handcamp and Twi-lite Properties
MOUNT PEARL, NL--(Marketwire - February 8, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com would like to inform its investors that it has secured areas of interest around its Handcamp and Twi-lite properties.
The company thought it very important to stake the land packages around both these properties as gold is becoming the main interest amongst exploration companies today.
A total of 5,311 acres was staked around our Handcamp property along with 5,805 acres around the Twi-lite property.
This will now allow the company to carry out larger exploration programs in both these areas in a quest to extend the present gold discoveries.
As was previously mentioned in a press release, we are actively compiling data from our latest soil and rock samples and have just transported another 714 soil samples to Actlabs for analysis.
Upon completion of this project the final results will be posted to our website and will also be displayed at the PDAC mining conference in Toronto early March.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
www.KATexploration.com
kstead@KATexploration.com
http://www.marketwire.com/press-release/....ies-1113751.htm
Re: Kat Exploration PRs
Post by sandi66 on Mar 1, 2010, 9:54am
KAT Exploration Discovers up to 5840 PPB of Gold in Soil Samples and 31.4 g/t Au in Outcrop at Handcamp Gold Property
MOUNT PEARL, NF--(Marketwire - March 1, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com --
KAT Exploration is pleased to release the results of 1457 soil samples received from Actlabs in Ontario, Canada for Gold and base metal analysis. The results have shown several very impressive anomalies over certain sections of the grid which encompass less than one quarter of the overall property. Soil samples have been digitally plotted by an independent geologist on grid maps that can be viewed at KAT's website www.katexploration.com under the "Handcamp" Property.
To the SE portion of the grid lies a very strong, distinct anomaly of Zinc stretching for over 900m X 300m that would no doubt warrant intense follow up.
To the West and NW portion of the grid is a very large cluster of Copper anomalies extending beyond the western boundary of the grid. This is also very exciting as it leaves the door open for more discoveries off the grid, yet still on the Handcamp property.
Of most interest to the company and importance to the property is the extent of Gold throughout the western, central and NE parts of the grid. In all three sections where high gold results are located in soils, rock samples have verified gold in the underlying outcrops with the central portion of the grid being particularly impressive, where soil results were as high as 5840ppb Au with 31.4 g/t Au in outcrop underneath this same area.
These soil samples were from a grid of 44 lines with each line one kilometer (km) in length. On the compilation soil map, there is quite an obvious overlay of base metals and gold that will also be given much attention by trenching, rock sampling and drilling.
The company will now proceed with its next phase of work bringing to the fore the full potential of this property. Ken Stead, President/CEO, stated, "We are extremely pleased with the results and happy to report that the 'Handcamp' property will now receive a planned drill program."
These main anomalies extend as much as 1 km (1000 meters) from the high grade zones where the first phase of drilling will take place. This demonstrates the significance of how widespread gold and base metals are throughout the property.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
www.katexploration.com
kstead@katexploration.com
http://www.marketwire.com/press-release/....amp-1124037.htm
Re: Kat Exploration PRs
Post by sandi66 on Mar 15, 2010, 7:37pm
KAT Exploration Welcomes Corporate Attorney to Board of Directors
MOUNT PEARL, NL--(Marketwire - March 4, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) -- www.KATexploration.com
Kat Exploration is very pleased to announce that W. Les Thistle has agreed to join the company as a director. Mr. Ken Stead, CEO, commented, "On behalf of the board of directors, we are delighted to have someone with the caliber of expertise and experience Mr. Thistle will bring to our company as we move forward toward meeting our goals as previously stated.
"With the addition of Mr. Thistle to the board as Kat's Corporate Attorney, we hope to strengthen investor confidence in that Kat is very serious about growing the company. "
Below is some information regarding Mr. Thistle's biography.
W. Les Thistle -- Director and Legal Counsel - KAT Exploration Inc.
W. Les Thistle was appointed legal counsel and a director of KAT Exploration Inc. on February 19, 2010.
Mr. Thistle graduated from Memorial University of Newfoundland in 1991 with a Bachelor of Commerce degree (concentration in finance), from Osgoode Hall Law School in Toronto in 1994 with a Bachelor of Laws degree (concentration in corporate and tax law) and was admitted to the Bar of the Law Society of Newfoundland and Labrador in 1995.
After finishing law school, Mr. Thistle practiced at 2 law firms in the St. John's area of the Province of Newfoundland and Labrador, Canada, before starting his own firm. In 1996 Mr. Thistle founded W. Les Thistle Law Office, a general practice law firm located in the City of Mount Pearl, in the Province of Newfoundland and Labrador, Canada. The law firm serves corporate and individual clients throughout Canada. Mr. Thistle is the senior lawyer at the firm. His primary areas of practice are corporate law, contract law, real estate and personal injury. Mr. Thistle has litigated matters in all levels of court in the Province of Newfoundland and Labrador including the Court of Appeal of the Supreme Court.
Mr. Thistle is committed to using his ethical approach to business and the law and his experience in the legal and business communities to serve the needs of KAT Exploration Inc.
Mr. Thistle's website is under construction.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
www.KATexploration.com
kstead@KATexploration.com
http://www.marketwire.com/press-release/....rs-1126753.ht m
Re: Kat Exploration PRs
Post by sandi66 on Mar 15, 2010, 7:37pm
KAT Exploration Welcomes Corporate Attorney to Board of Directors
MOUNT PEARL, NL--(Marketwire - March 4, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) -- www.KATexploration.com
Kat Exploration is very pleased to announce that W. Les Thistle has agreed to join the company as a director. Mr. Ken Stead, CEO, commented, "On behalf of the board of directors, we are delighted to have someone with the caliber of expertise and experience Mr. Thistle will bring to our company as we move forward toward meeting our goals as previously stated.
"With the addition of Mr. Thistle to the board as Kat's Corporate Attorney, we hope to strengthen investor confidence in that Kat is very serious about growing the company. "
Below is some information regarding Mr. Thistle's biography.
W. Les Thistle -- Director and Legal Counsel - KAT Exploration Inc.
W. Les Thistle was appointed legal counsel and a director of KAT Exploration Inc. on February 19, 2010.
Mr. Thistle graduated from Memorial University of Newfoundland in 1991 with a Bachelor of Commerce degree (concentration in finance), from Osgoode Hall Law School in Toronto in 1994 with a Bachelor of Laws degree (concentration in corporate and tax law) and was admitted to the Bar of the Law Society of Newfoundland and Labrador in 1995.
After finishing law school, Mr. Thistle practiced at 2 law firms in the St. John's area of the Province of Newfoundland and Labrador, Canada, before starting his own firm. In 1996 Mr. Thistle founded W. Les Thistle Law Office, a general practice law firm located in the City of Mount Pearl, in the Province of Newfoundland and Labrador, Canada. The law firm serves corporate and individual clients throughout Canada. Mr. Thistle is the senior lawyer at the firm. His primary areas of practice are corporate law, contract law, real estate and personal injury. Mr. Thistle has litigated matters in all levels of court in the Province of Newfoundland and Labrador including the Court of Appeal of the Supreme Court.
Mr. Thistle is committed to using his ethical approach to business and the law and his experience in the legal and business communities to serve the needs of KAT Exploration Inc.
Mr. Thistle's website is under construction.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of KAT Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
KAT Exploration Inc.
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
www.KATexploration.com
kstead@KATexploration.com
http://www.marketwire.com/press-release/....rs-1126753.ht m
Re: Kat Exploration PRs
Post by sandi66 on Mar 15, 2010, 7:38pm
Kat Exploration - Calls Tenders for Drilling Operations on Its Handcamp Gold Property
MOUNT PEARL, NEW FOUNDLAND--(Marketwire - March 15, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
The company would like to inform its investors that it has put out a call for tenders on its upcoming drill program for its Handcamp gold property. Three bids will be submitted to the company in which the board of directors will select the appropriate choice.
The drill program will commence as soon as ground conditions are favorable and all permits are in place.
For the past several weeks the company has engaged the assistance of a contracted geologist to compile all property data in order to outline favorable drill targets and to submit all government applications for the approval of mobilizing drill rigs to the site.
As this project moves forward the company will update its shareholders when new information becomes available.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
Contact:
Ken Stead
President / CEO
Kat Exploration Inc.
Office: 709-368-9223
709-368-9224
Fax: 709-368-9213
www.katexploration.com
kstead@katexploration.com
http://www.marketwire.com/press-release/....rty-1131603.htm
Mercurial: from a previous post and hope you save, because it is good
What EVERY investor should know about KATX!
-not me by the way- questions and answers before the PDAC
I am writing this post as a completely non-bias overview of KAT Exploration. It is my intention to provide a complete overview of KATX in one big, easy to understand and comprehensive thread. The purpose of this is to provide long term investors of KATX and new investors alike a single place to find quality information on KATX. In this one post I am going to compile all of the known facts about this company as well as some of the current opinions and theories about KATX and their future. I will make it clear when I am talking about opinions as not to try to confuse anyone. This is not intended to be a complete history of KATX, only a complete overview of where the company is at now and what it has done in the recent past.
Disclosure At the time of writing this post I am currently invested in and hold shares of KATX.
Brief Summary of KATX, for a complete background on KATX please go to the I-Box page located here at the top of the message board.
KAT Exploration Inc.
is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
Key Company Information
KATX is a Mine Exploration Company that currently fully owns 5 property's in Newfoundland, and has rights to a 6th property and is under contract to fully acquire that one as well.
Out of these 6, the two most important and promising ones short term are their Handcamp high quality gold property and their Rusty Ridge high grade copper property.
KATX is run by CEO Ken Stead and his brother Timothy Stead. Both brothers own a controlling interest in the company eliminating the possibility of a hostile take over from a 3rd party.
KATX currently has 289 million shares outstanding. This has been a solid number and very low considering the type of company KATX is. The CEO has not issued anymore shares for well over 6 months now and has no plans to do so in the future as well.
Right now the company's main focus for 2010 is their high quality Handcamp gold property. They are only weeks away from announcing possible financing for test drilling on this property and might even be announcing a Joint Venture with a mining company to begin work promptly on mining once the test drills are completed.
Ken Stead
Mr. Stead is a co-founder of Kat Exploration Inc., and has been president since the company's incorporation in December of 2005. Mr. Stead worked directly in the mining industry from the early to late 70's, where he first started with the Iron Ore Company Of Canada and worked for Noranda at their Nanasivik mine in Stratacona Sound, northern Baffin Island. In the early 80's, Mr. Stead worked in the oil fields of Alberta, afterwards returning to Newfoundland where he set up his own construction company from 1985 to 1995. In 1997, Mr Stead became a co-founder of Cornerstone Resources Inc., a junior mining company now trading on the TSX-V (CGP) until he resigned in 2004. Over the past nine years Mr. Stead has been actively working in a Sedimentary-Hosted Stratiform Copper environment and will continue to make this one of the company's priorities.
Ken Stead is one of the most open and honest CEOs out there. He has made it his goal to preserve and increase share holder value. He has put his money where his mouth is by using his own personal capital to fund projects for the company instead of diluting the common shares, something very few CEOs would be willing to do. He responds to phone calls and emails very quickly, and has answered all questions he is legally allowed to answer. He is a very straight shooter and does not keep anything from the investors.
Handcamp Gold Property
This is KATX's flagship property and main focus for 2010 and beyond. The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment.
What makes this property so special isn't the fact that it's a gold property, but the type of gold property that it is. Handcamp is a very special and unique type of gold deposit known as a "Volcanogenic massive sulfide" (VMS) deposit. Making this property even more special is the fact that this isn't just any type of "VMS" deposit, but it's a "Felsic" VMS deposit. World wide there is only something like 800 of these VMS deposits. They are known for their high tonnage, high quality gold deposits. Of these VMS, the best quality, highest producing gold deposits are the "Felsic" VMS deposits. Right now, out of the 40 VMS deposit sites in Newfoundland, KATX's Handcamp site is rated the highest gold grade with a 13.4 rating. It is the highest grade VMS gold site in all of Newfoundland according to the USGS.
Handcamps special and rare nature has already been validated and backed up by a series of surface rock and soil samples that were processed at a lab. Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au, along with excellent Zn, CU, Ag numbers.
Not only are these gold numbers FAR higher than any of the surrounding mining sites owned by other companies, these numbers are ONLY from surface rocks. Felsic VMS deposits are not the type of deposits that have most of their gold in the surface layers, but instead, most the gold deposits are deeper in the ground. To find these levels of gold in just the surface rocks would imply that there should be FAR more in deeper deposits.
How does Handcamp compare to other near by sites?
Here is a good comparison to how KATX's Handcamp property stacks up against a similar mining company. Anaconda Mining is located right down the road from Handcamp and currently is mining their Pine Cove gold property and has already brought gold to market from their site.
Anaconda has completed a NI 43-101 technical report on their Pine Cove site and has been actively mining it for the past 2 years.
Here are the results of Anaconda's test drill 43-101 report on their "Pine Cove" Gold property.
probable mineral reserves of 2,332,676 tonnes at 2.76 g/t
And now here's Handcamps results ONLY from surface samples.
158g/t Au, 94g/t Au, 82g/t Au
As you can see, KATX's Handcamp property is showing far more gold in just the surface rock than what Anaconda is getting from it's actual mining. This is one reason why people are so excited about KATX. We will still need to get the test results back from a test drill to confirm exactly what's in the ground though.
What's ahead for Handcamp and KATX
Here's what we know right now. Ken has been working on finding financing for the drill program for some time now. He announced last week (the 5th of jan) that they will be releasing more of the Handcamp sample results to the public as well as updating us on the status of financing. He gave a time line for these announcements of only a few weeks, so they are expected anytime now.
Right now, KATX needs financing for a drill program. Then they simply need to do the test drills and release a NI 43-101 report and partner up with a mining company to start mining the gold. That's it.
Ken has also been looking for a possible Joint Venture with a mining company to not only do the test drills, but also do the mining once all of the test drills are complete. His ideal plan for this was to sign a joint venture partnership FIRST, then start the test drills. The fact that he is about to update us on the status of financing leaves many people here to believe that they at the very least have acquired some type of financing, and that it is very possible they might have already signed a joint venture as well. These are just rumors as of now, but they are based in reality.
When they update us on the status of financing in a few weeks, if they have acquired some type of financing for test drills than that would be HUGE news for the company. That would mean they now have the capital to complete the last step before mining.
If the financing came because of a joint venture partnership with a well established mining company, then it would be even bigger news for the company.
If they already have financing in place, they could start the test drills soon and we could have results back via a NI 43-101 report as soon as early spring. If that report confirms what the surface samples have shown, then KATX would suddenly be worth a lot of money and be a very valuable company.
Estimation of Value
Now it's time to try and put everything thing is perspective and figure out what KATX is, and will be worth in the near future. I am going to do this from a few different angles to give a wider perspective on this.
Mine Exploration Companies are notorious for having to dilute their shares to pay their bills. Even the ones with great prospects usually have outstanding share counts well over 500 million. This is not the case with KATX and are CEO has done an amazing job of not diluting the common shares.
Here are the numbers for KATX as of December 2009:
Authorized Shares (AS) = 730,000,000 as of February 3, 2010
Outstanding Shares (OS) = 463,211,664 as of February 3, 2010
Float = 320,211,664 as of February 3, 2010
Note: 500,000,000 shares max available for common issuance
These are VERY low numbers for a Mine Exploration Company. I am going to compare these to a very similar Mine Exploration called US Gold (UXG). This company is almost identical to KATX in shares, size, and development. They currently are not mining yet but have completed test drills and filed IN 43-101s, something KATX is not far from doing. Right now the only real difference is that they have completed their test drills and published their results.
UXG currently has around 106 million shares outstanding (OS).
A little over a year ago they were where KATX is right now, about to get the results back from their test drills. At that time they were trading at around .30 a share. When those results hit, they with in a matter of weeks went from .30 to $1.20. A few months after that they were trading at $3 a share. This was all due to them getting their test drill results back and publishing the 43-101 technical report detailing the findings. That is what got the ball rolling.
Here is what UXGs report said about their property.
US GOLD CORPORATION (NYSE Amex: UXG)(TSX: UXG) is pleased to announce good exploration results from Nevada. The best results continue to come from West Pick, including 0.06 opt (2.05 gpt) gold over 75 ft (22.9 m) and 0.027 opt (0.94 gpt) gold over 180 ft (54.9 m)
These channels are present in the West Pick area where US Gold has encountered significant mineralization, including the best results announced earlier this year of 0.085 opt (2.9 gpt) gold over 150 ft (45.7 m) and 0.065 opt (2.24 gpt) gold over 120 ft
So as you can see, UXG's best gold results were 2.9 g/t.
Here's KATX's Handcamp results for comparison:
rock samples were collected over some of the prospected areas with numerous samples showing very encouraging mineral results, of 158g/t Au, 94g/t Au, 82g/t Au
Again, here is a company that has almost the same number of ountstanding shares as KATX, and only has completed their test drills and they are trading around $3 a share with a high of $3.50 after shooting up from .30 a few months before. Again, it is important to note that KATX's samples are ONLY surface samples. There is a good chance there might be even higher levels of gold the deeper they drill.
But this is not all that KATX has to offer. As stated above, their main focus for 2010 is going to be Handcamp. But they have 2 other very very promising property's as well.
KATX Twi-Lite High Quality Gold Property
This property actually could turn out to be even bigger and better than Handcamp. Right now, the first results from there have shown even higher levels of surface gold than Handcamp.
Results from KATX Twi-Lite Property
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold)
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t)
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t)
The Paddy's Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t)
KATX High Grade Copper Property Rusty Ridge
Coincidental magnetic Induced Polorization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia
Olympic Dam and related deposits all occur within continental rift sequence rocks adjacent to major structures. The Rusty Ridge is located within a continental extensional environment within peralkaline rocks emplaced adjacent to a regional fault system. The presence of a large magnetic body(can be viewed on Kat’s website)that appears to be intrusive into the overlying rock sequences that appear regionally altered, are variably pyretic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization
A completed 3D inversion modeling of the airborne magnetic data, (can be viewed on Kat’s website) show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest a significant concentration of sulfides. Those large anomalies have been determined as future drill targets that Kat would hope to test mid 2010
So there you have it, KATX has 2 extremely promising and rare high quality gold property's that have already shown to date MUCH higher levels of gold than any of the surounding mining companies sites and much higher than similar Mine Exploration companies that are currently trading at around $3 a share. Also of important note, last time KATX had major news the stock pps went from .20 to $2 in 3 days. Back in Nov when the last bit of big news hit, the stock went up over 700% in a week. Since this KATX has only given back around 50% of it's gains before moving up on it's own again. KATX clearly can move on good news as it should and there appears to be more great news coming soon.
What KATX is worth
With the likely news of financing for test drills looking like it could be coming in a matter of weeks, this might be the last chance to get into KATX at these levels. If KATX does indead annouce they have financing in a few weeks when they release their status update, then that would surely cause this to shoot up. How high is a tough guess right now. If they annouced that they have signed a Joint Venture and that is how they acquired the financing, then that would be even bigger and cause KATX to shoot up much higher.
From this news alone KATX could go up .10 to .50 if not higher. The biggest news will be when ever they get their first results back from the test drills which could be as early as spring. If the results confrim what the surface samples have shown, then your looking at a company that could shoot up to $3 to $5 pretty fast. When you look longer term, and factor in that they have a very very promising copper property and another extremely promising gold property that might have even more gold in the ground than Handcamp, KATX could very realistically be in the $5 to $10 range a year or more out.
These are all of course rough guesses right now based on what this company has done in the past and what other, similar companies have done as well. No one knows for sure what this will do, but the chances of this going up a good bit are definitely there. Right now, KATX is very undervalued at it's current prices, and it's also cheap enough to make it a very attractive stock to hold for both short term and long term gains.
Summary of things to look for in 2010 from KATX
1. Any day now KATX is expected to release more lab results from it's high quality gold property Handcamp.
2. Within a few weeks KATX will be updating us on the status of financing. (it is expected that they have financing already but right now this is just a rumor)
3. Announcement of KATX entering into a joint venture with a mining company. (this could actually be announced with the financing updating coming in a few weeks or it could come at anytime after that update)
4. KATX announces that they have started the test drills on Handcamp. (depending on how the other things play out, this could come as early as Feb.)
5. KATX releases a NI 43-101 technical report on the test drill results from Handcamp. (this could come as soon as early spring)
6. KATX announces it has started mining operations on Handcamp. (this could happen as early as summer or early fall)
7. KATX announces it has entered into a joint venture partnership to do test drills on their Rusty Ridge copper property. (this could happen sometime mid 2010 or later)
http://ragingbull.quote.com/mboard/boards.cgi?board=KATX&read=81
I agree Darby...Brneeee buy some more please Monday!
As disclosed in previous releases, high on the company's priorities are the Rusty Ridge and the Lucky property. The Rusty Ridge, named for its notable iron oxide appearance, is in an extremely favorable setting which lay adjacent to a regional fault zone known to be accompanied by mineralization, and has several areas of rare earth elements.
Mr. Stead explained that the uniqueness of this property has kept them busy sampling various areas where significant data has been collected. The latest assays from surface rock samples revealed several new areas of gold bearing alterations.
Mr. Stead went on to talk about other properties including the Lucky property, where copper mineralization on surface yielded up to 2.5% per ton. "The demand for copper increases as the world becomes more industrialized. Copper has held a strong steady demand even in the downturn of the current economy," stated Mr. Stead. "We hope that the copper discoveries in Newfoundland will be significant enough to contribute to the growing demand."
Jul 2, 2009 07:00 Kat Exploration Announces "Lucky" Property Ready for Drilling
Kat Exploration Inc. (Pink Sheets:KATX) is pleased to announce its "Lucky" Property is ready for drilling.
Jun 15, 2009 07:00 Kat Exploration Announces 'Rusty Ridge' (IOCG) Property Ready for Drilling
By the way love that picture
Just another strong team player to help with next week..Keep me up to date and I will do my best to help keep the "clowns" from bringing this "down"
pj
Rems...They both are a different boat and different story altogether. Personally, I do not think Katx members will come, they will miss the boat and the float altogether here with wolv.
Mining is mining, drilling is drilling, and management is management. The drill bit never lies, that is the truth, but gosh Katx does not have Uranium and Cameco is a good place to start come November this year with Wolverine on that subject. IMO
Don't know if wolv wants to drill it or mine it yet, but I am sure the management there has a thought out plan for both Copper and Uranium soon. This one needs to be held. I am holding and wishing too bad did not have more.