accumulating KATX!
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Sorry the Co-Op is up and running now, read the Kat PDF
"There has not been mining started on EKOM EYA as you have stated in your post."
AND NO IT IS NOT NOW A LARGE OPERATION
THAT IS WHY THE CO-OP PARTNERED WITH US
If Kat can get the Ekom Eya Bibiani / Co-Op funded, the Handcamp second and third round could be funded with no dilution
How would (ACTUAL) shareholders like that?
Which is the faster way to become a mining company?
Buying a open Mine and getting the proper equipment in there to properly get the minerals out
or
Drill a second then a third round on Handcamp trying to prove it can become a mine then getting that mine open
Hint! One requires years to do and the other takes months, financing is key for both
What is Cornerstone doing in South America!!!
Don't they realize how far away that is!
This ''FAR AWAY'' stuff is so scary
hahahaha
"What in H are they doing in far away Africa"
Exactly !
What are all the major Gold companies doing in Aferica?
I too wanted to find out so I googled it! You won't believe this but it turns out their is a lot of Gold there!....WOW!!! major gold companys operating in aferica
https://www.google.com/webhp?rlz=1C1GGGE_enUS442US442&sourceid=chrome-instant&ie=UTF-8&ion=1#hl=en&rlz=1C1GGGE_enUS442US442&biw=1280&bih=675&sclient=psy-ab&q=major%20gold%20companys%20operating%20in%20aferica&oq=&aq=&aqi=&aql=&gs_l=&pbx=1&fp=356e729b7a15c7f0&ion=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb
IMO all the historic data held on the Bibiani including the Ekom Eya portion is in the hands of Hugh Thomas
Investic Bank held the Bibiami (wich we are apart of) just prior to it's purchase by Noble
This interview is with it's main mineral man about Mining and Exploration in Africa
"Investec’s Natural Resources team is led by Hugh Thomas." http://www.investec.com.au/business-services/services/corporate-finance/natural-resources.html
Before Noble got it's part of the Bibiani and the Ekom Eya Co-Op got it's smaller portion / Mine to the North
Both propertys were one property
What ever data Noble had to get it's funding comes from the same place Kat Ekom Eya is using to get it's funding
The holder of this data I believe is the Investec Bank in South Africa. Tink if you can help me find this again that would be great. http://wotnews.com.au/news/Investec_Bank__and__Ghana/
Noble Mineral Resources raises A$40.2m to develop West African gold project
West African-focussed Noble Mineral Resources (ASX: NMG) has completed the placement of 122,707,781 shares raising $36.8 million. Funds will be used to satisfy the funding requirement for the acquisition of ...
Proactive Investors - 2:07 p.m. Friday 4th June 2010 EST
Related ArticlesView ArticleEmail
3 years, 3 months ago
Paul Walker, who famously staked his hair on the gold price, makes his forecast
[miningmx.com] -- INVESTEC Bank has become the legal owner of the Bibiani gold mine in Ghana after Central African Gold (CAG), which bought the mine from AngloGold two years ago, ...
Mining mx - 5:38 p.m. Thursday 15th January 2009 EST
#1. http://wotnews.com.au/news/Investec_Bank__and__Wayne_Norris__or__Noble_Mineral_Resources/
#2.
https://www.google.com/webhp?rlz=1C1GGGE_enUS442US442&sourceid=chrome-instant&ie=UTF-8&ion=1#hl=en&gs_nf=1&gs_mss=Noble%20resourcs&tok=NYte-6paRjXOUSgTQSK1kA&cp=28&gs_id=v&xhr=t&q=Noble%20resourcs%20investic%20bank&pf=p&rlz=1C1GGGE_enUS442US442&sclient=psy-ab&oq=Noble+resourcs+investic+bank&aq=f&aqi=&aql=&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=356e729b7a15c7f0&ion=1&biw=1280&bih=675
Finialy on this we agree
" We shall soon learn how exciting this all is IF SOMEBODY PROVIDES THE FINANCING."
What mineral resource assets did Noble have before it acquired the Bibiani ?
Anyser is none, it was simply a Explorer
How then did Noble get the funding to open the Bibiani?
Or better yet what collateral did it have?
Anyser is other than the Bibiani itself I can find none
The historic data that Ashanti and others did is the only collateral Noble had (that I can find)
The Noble resource then I believe was a bit over 2 Billion yet it received 40-60 million in funding.
The data Noble got when it acquired the Bibiani was JORC compliant.
Kat says it has a resource of just under half a billion
Kat is looking for (or may have) 7 million, based on a resource of half a billion
Based on the resource numbers between Kat and Noble
I believe Kat is looking for a much less % of the resource in funding
Noble bought the Bibiani in 2009
http://www.reuters.com/finance/stocks/NMG.AX/key-developments
Noble was not a gold producer (then)
Noble was what we were ie a *Exploration Company*
What is Noble now?
A gold producer
Hundreds of *Old Dog Mines* learning new tricks!
PS: Kat Gold is not pink
http://www.nobleminres.com.au/photo-gallery/
Drilling Handcamp using profits from Ekom Eya = smart
bringing Handcamp to the point of becoming a open Mine would still take imo years.
but
I would like that the second round on Handcamp started right away
But doing that by dilution with out income would not be smart
Smart = drilling Handcamp using Ekom Eya profits (without dilution)
Kat has a plan
I like the plan
I think the plan = smart
Sorry
The Ekom Eya is producing at this time
as in right now
You should look up what "acceded" means
"They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.
This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government. " http://www.accessmylibrary.com/article-1G1-189590954/gh2-2million-life-line.html
It was no mistake
you got the facts wrong
and
It was the Ghana Government who gave the Bibiani to the Chief / Co Op who were the true owners.
Ashanti did not give it, the government did.
"
They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.
This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government. "
"an area immediately surrounding the old Bibiani North shaft to
Ekom Eya"
"The Minerals Commission granted a small scale gold mining concession comprising 24 acres (0.097 sq.
km) on 4
th
April 2007 in respect of an area immediately surrounding the old Bibiani North shaft to
Ekom Eya Co-operative Small Scale Mining Society for five years renewable. This small scale mining
lease falls within the Bibiani North Donkoto Prospecting Licence."
"They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.
This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government. …"
http://www.accessmylibrary.com/article-1G1-189590954/gh2-2million-life-line.html
http://www.accessmylibrary.com/article-1G1-189590954/gh2-2million-life-line.html
"the Ekom Eya Cooperative Small Scale Miners at Bibiani in the Western Region, have received a loan facility at GH¢2.2million from the government.
The amount is to enable the miners extend electricity supply to their working site to off-set huge costs incurred through the use of diesel generators and purchase needed equipment.
They had earlier obtained a 24.79 acre land acceded by Anglogold Ashanti through the intervention of the government.
This is the first time in the history of the country that small scale or artisinal miners have received such assistance from the government.
In an interview with Public "
So right in the middle of this great gold property is US
"Ekom Eya Co-operative Small Scale Mining Society" That is the same as described in the kat pdf
the " Co-Op"
Gold prices have "old Dog" Mines re-opening all over the World
but you knew that
Noble Bibiani with it's sixty million in recent funding is just one of them
but you knew that
Noble got thay property in 2009 and is back in the biz of making golden bars again
but you knew that
Ashanti Goldfields A NYSE listed company built the North Bibiani
Second largest Gold Producer in the World
This is where my confidence comes from
You do not have the Historic Data Kat has
I am confident Kat will receive this funding
With the Ekom Eya Kat has a great Gold property once owned by Ashanti!!! They operated it when Gold was 33-400 a oz.
Cut off grades were much higher then and recovery rates are much higher today!
With the funds Kat will order some equipment from Australia
But before that get's there, Kat will aquire a majority of the surface mining equipmebt from Africa. The PDF describes how this will enable them to be up and running producing Gold in short order.
IMO your money will come from profits made from the Ekom Eya to drill Handcamp with out dilution of Kat Gold stock.
Maybe some should read the PDF a few more times.
This property belonged to Ashanti Goldfields while a NYSE listed company.
Fact!!!!!!!
FOR CENTURIES THE BRITS AND BIG GOLD HAVE TAKEN THE WEALTH OF GHANA AND EVEN THE PEOPLE OF GHANA
IS IT NOT TIME TO ALLOW THE AFRICANS AND THE LOCALS AND THE CO-OP AND THE CHIEF AND KAT GOLD WHO WISHES TO HELP THEM .....A CHANCE TO FINANCIALLY PROSPER ?
I DO!
All they realty need is the right equipment and some professional help
It is after all a real Mine with a great potential
Paul Abbott
Paul holds a MSc in Mineral Exploration from Rhodes University and is a member of the
Geological Society of South Africa. Paul Abbott is a geologist with 35 years of international
exploration and mining geology, engineering geology and hydrogeology experience covering
a broad range of geological terrains and minerals. Metallic minerals include gold, platinum,
copper, nickel, lead and zinc, while non-metallic minerals include diamonds, emeralds,
asbestos and coal. He holds undergraduate and post-graduate degrees in geology. Paul has a
proven record of success in discovering and defining ore reserves and resources. Geological
modeling of regional structures in West Africa has led to the discovery of sub-parallel shear
zones in lithologies previously regarded as barren, resulting in the significant expansion of
new exploration target areas. Paul is familiar with new as well as conventional exploration
techniques, with skills in the selection and application of the appropriate technologies and
equipment to design and implement cost-effective exploration and exploitation programs.
Randy Clarkson
Randy Clarkson a registered Professional Mining Engineer specializing in the recovery of
alluvial Gold deposits and has agreed to act as the company's consulting mining engineer. He
will design and commission KAT Gold's gold recovery plants and will also play a key role in
conducting due diligence and administer site testing of deposits as the company grows and
further opportunities present themselves. Randy Clarkson will be designing KAT Gold’s initial
mining plant. He has over 20 years of diversified experience in mining engineering at several
locations in western Canada and internationally. He has been involved in many phases of the
industry from a deep hole placer drilling and sampling program to supervision of the Yukon
Placer Materials Handling and Waste Water Treatment program. He is currently president of
New Era Engineering Corp., a consulting firm specializing in alluvial gold mining and small
scale hydroelectric development. Randy specializes in the recovery of alluvial gold and the
design of related equipment. He is very familiar with the type of mining proposed by KAT
Gold and will be visiting Ghana on a regular basis.
Johnson Manu
Dr. Manu is a graduate of Geology from the University of Ghana and holds a Masters
and Ph.D. degree in Mineralogy/Economic Geology from Technical University of
Braunschweig, Germany. Dr. Manu completed a MBA Finance at the University of Ghana
and is a senior lecturer in the Department of Geology at the University of Ghana. He is
the author of various publications on the geology of Ghana’s Birimian Gold Belt and his
research and studies are widely referenced. While teaching, supervising and evaluating
final year student projects, he is also an external examiner for Masters and Ph.D.
student theses and reviewer for the Ghana Mining Journal and Journal of the University
of Science and Technology. He has been involved in the preparation of technical reports
for the UNDP regarding the exploration of gold, diamond and industrial mineral
Still their are some who would call the locals "SNIPERS"
when they mine the Gold under their feet
It is after all their land and their Gold.
Today we have Kat Gold who is (PARTNERING) with a Chief and the Co-Op the locals and the Ghana Government created so that once, the only time in History that the Ghana Gov gifted a IMO great mineral resource back to the people.
Personally I applaud Kat for this historic move and wish both Kat and the Cheif along with the Co-Op and the Aferican people all the best wishes in the world.
IMO it is sad everyone does not wish to give these poor people the chance they deserve.
gump90 Wednesday, May 09, 2012 12:03:25 AM
Re: AbrahamS post# 8447 Post # of 8582
Although it was a nice gesture it was for what are called the artisan miners. The local guys with picks, shovels and wheel barrows. We call them 'snipers'. ANDDDDDDDDDDDDDD this big deal gift also included the North Bibiani and its 'sniper' Brookes. You all saw the Mickey Mouse picture. Those are 'snipers'. ROTFLMAO.
The word ''by''
And the word ''inside of''
have two meanings
#1. What does a hired Geo have to do with SN-Y filing or not filing?
#2. Was that lack of filing a remote responsibly of that Geo?
#3. S-EY's leases are not located on the Historic Bibiany
#4.But they do spend much Add Space bragging about being close to the world class Bibiani Gold deposit.
https://www.google.com/search?rlz=1C1GGGE_enUS442US442&sourceid=chrome&ie=UTF-8&q=SNEY+BIBIANI
#5. Was S-EY property ever a MINE owned by Ashanti Goldfields? Nope!
#6. Trying to link a Hired Geo who worked for another that has a lack of filings to Kat is a joke.
Why would I belive the opinion of anyone who has not been to or seen the property let alone the data....And then not believe the 3 qualified Geological professionals Kat has that have studied both ???????????????
Noble used Ashanti Goldfields data as well, and received many many more millions in funding than Kat is looking to revive.
FACT!
Kat also used Ashanti Goldfields data.
I do not believe you have even seen this data
Kat has three new Geos that have !
Don't Geological professionals normally have (in hand) all the historical facts and data BEFORE coming to a stated opinion?
I would think that to be the case.
So you thinking is: ASHANTI GOLDFIELDS A NYSE LISTED COMPANY AND WORLDS SECOND LARGEST GOLD PRODUCER BUILT THE NORTH BIBIANI MINE WITH NO RESOURCE COMPLIANT DATA?
THEIR IS NOT A SOLE WHO WOULD BELIEVE THAT.
HOW DID NOBLE GET IT'S FUNDING (60 PLUS MILLION)?
A REPORT WROTE WITH CRAYONS?
YOUR (OPINION) HAS ZIP FOR LOGIC.
Interesting stuff
Two law firms?
I get a chuckle from reading post of those in 2009 / 2010 held Kat shares thought Vale was 100% on topic when Vale surounded Kats propertys,
now feel Noble is off topic when Noble suroundes Kats propertys.....Very telling to say the least.
TinkerBelle
Share
Thursday, May 10, 2012 5:32:52 PM
Re: AbrahamS post# 8538
Post # of 8550
Yes...KAT's Ekom Eya is "within" the NOBLE N. Bibiani Exploration License.
From this NOBLE Report: http://www.nobleminres.com.au/live/wp-content/uploads/2012/01/SEMS-BIBIANI-Mineral-Resource-Estimate_FINAL_100301.pdf
NOBLE confirmed that in 2007 the Co-op was given the Bibiani North ~Ekom Eya 24 acre parcel. Page 12
Quote:
The Minerals Commission granted a small scale gold mining concession comprising 24 acres (0.097 sq.
km) on 4th April 2007 in respect of an area immediately surrounding the old Bibiani North shaft to
Ekom Eya Co-operative Small Scale Mining Society for five years renewable. This small scale mining
lease falls within the Bibiani North Donkoto Prospecting Licence.
The truth (with proof) Tink just posted was not ''pumpin''
The truth (with proof) I just posted was not
''pumpin''
IT was the truth with proof!
Look at it this way
the N. Bibiani Mine was listed on the NYSE
http://en.wikipedia.org/wiki/Ashanti_Goldfields_Corporation
"In 1996 AGC was listed on the New York Stock Exchange to raise new capital, it was the first African company to appear on Wall Street. In 2004, it merged with AngloGold to create the world's second-largest gold producer, AngloGold Ashanti company. AngloGold is based in South Africa and majority-owned by Anglo American group."
IN 1996 WHAT COMPANY OWNED THE N. BIBIANI MINE?
A: AngloGold Ashanti
Noble got it's HUGE FUNDING not because of
GOOD LOOKS!
or
A GREAT PERSONALITY!
or
A GREAT ACCENT!
Noble got that funding because of Historic
ASHANTI GOLDFIELDS COMPLIANT RESOURCE DATA!
http://en.wikipedia.org/wiki/Ashanti_Goldfields_Corporation
The Kat Ekom Eya is part of the Bibiani!.
The same exact Bibiani Noblel has.
They were after all one property!!!!
It was after all the N. Babiani Mine!
THEY BOTH DO AFTER ALL SHARE (ASHANTI GOLDFIELDS) HISTORIC JORC COMPLIANT RESOURCE DATA!!
The data Noble used to acquire quality funding came from the same place the Ekom Eya used to get it's data!
Looks like some can say how "half way ok" the Noble Bibiani is.
But when others say and post proof that is not the case, the same people who say negitave things about the Nobles part of the Bibianni do not wish to hear a alternate point of view.
gump90 Tuesday, May 08, 2012 10:26:22 PM
Re: AbrahamS post# 8425 Post # of 8536
"The bigger Bibiani was half way O K"
Fair? I think not!
Yes ALANSNOWCROSS2, it is worthy of a large LOL.
That is known as obfuscating; using a related issue and substituting it for the main issue which is the KAT properties. My shares are here because of the future and the potential. Accumulate is the way to go.
The risk factor is almost negligible when compared to the humongous potential in profits. Also, once this baby takes off, it's going to continue to accelerate. I will find no need to quickly sell because the movement upward will CONTINUE.
I am so glad to be a KATX owner.
Abstract
Paleoproterozoic Birimian Supergroup rocks of southwest Ghana host numerous mesothermal lode gold deposits, including the >38 million ounce (Moz) Ashanti deposit at Obuasi and other multimillion ounce deposits at Bogoso, Konongo, Prestea, Bibiani, and in the Yamfo-Sefwi region. Gold deposits of the Chirano district are localized along the Chirano lode horizon, a 9-km segment of the Chirano, and related shear zones on the southeast margin of the Sefwi-Bibiani belt. Economically significant mineralization at Chirano is largely hosted by altered tonalite intrusions. http://economicgeology.org/content/99/3/479.abstract
Other Gold companies are just happy to be close to the Bibisni and the "famous" Ashanti gold mines....
http://www.sunergygold.com/index_clip_image006.jpg">http://www.sunergygold.com/index_clip_image006.jpg" />
"
The 150 square kilometer Nyinahin mining concession is located between two geological gold belts, the Bibiani Belt to the west and the Asankrangwa to the east. The property shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. The district is home to the famous Ashanti Goldfields-Obuasi Mines and is one of the most active exploratory areas in the world. " http://www.sunergygold.com/projects.html http://www.sunergygold.com/index_clip_image006.jpg
High-grade drilling results from Bibiani
http://www.miningweekly.com/article/high-grade-drilling-results-from-bibiani-2012-04-13
" high-grade drilling results of up to 52 g/t of gold from outside the current resource area at its Bibiani gold project, in Ghana.
The drilling has continued to focus on resource definition drilling at the Big Mug and South Hill satellite deposits, along with brownfield exploration at the west and east wall of the main pit.
Grade control drilling in the satellite Walsh-Strauss Gap area also continues to return
positive results from much shallower depths than previously encountered.
The latest results are considered highly significant as they come from areas outside the
existing 2.26-million-ounce resource at Bibiani. The satellite deposits will provide the first source of primary ore feed for the refurbished three-million-ton-a-year plant.
Significant intercepts at the Big Mug satellite deposit include 8.21 g/t of gold at 17 m from 80 m of drilling, including 54.29 g/t of gold at 2 m, and 3.02 g/t of gold at 23 m from 195 m of drilling, including 12.36 g/t at 2 m.
At Big Mug, 2.14 g/t of gold was also intercepted at 6 m from 136 m of drilling and included 3.68 g/t at 1 m.
At the east wall of the main pit, gold was intercepted at 18.44 g/t at 3 m from 205 m of drilling, including 37.64 g/t at 1 m, and 7.7 g/t of gold at 3 m from 225 m of drilling, including 21.95 g/t at 1 m.
At the South Hill satellite deposit, 2.14 g/t of gold was intercepted at 6 m from 136 m of drilling, including 3.68 g/t at 1 m.
Lastly, at the Walsh-Strauss Gap area, 3.74 g/t of gold was intercepted at 1 m from 24 m of drilling and 4.82 g/t of gold at 1 m from 45 m of drilling.
The commissioning of the processing plant is now at an advanced stage, with the plant running time improving rapidly in line with budgeted ramp-up projections.
The calculated head grade of the com- missioning feed to date is 1.18 g/t, com-pared with the budgeted grade of 0.9 g/t, which is a 30% increase, says Noble.
Recoveries are consistent with budgeted projections and are expected to improve further as the plant reaches steady-state production.
The first gold pour was scheduled for March. Production is forecast to ramp up to a yearly rate of 150 000 oz this year."
The People of the Bibiani for a long time have wanted a partner,
And with Kat they found one http://ghanaian-chronicle.com/mining-has-done-nothing-for-bibiani/
People wonder how it is Kat got the BIbiani and Noble did not
I know why, I do not wonder. Kat is a partner with the people and the Bibiani Co-Op ....Noble is not!
"The youth at Bibiani in the Bibiani-Anwinaso-Bekwai District of the Western region have passionately appealed to the management of Noble Mines Company Limited, a South African mining company to employ them.
At a press conference, the Bibiani Youth Association registered their discontentment over the company’s decision to employ workers outside the town.
The spokesperson of the group, Gyasi Newlove, said the youth in the town must be employed by the company so that they could earn income to survive.
He noted that it was unfair for the company to ignore the youth in the area since they would suffer as a result of the company’s operations.
The spokesperson indicated that because of the presence of the company, many farms in the town have been destroyed thereby leading to high prices of foodstuffs.
Again, he noted that because the company mainly employs workers living outside the town and the district, HIV/AIDS infections in the town have skyrocketed in recent times.
Environmental degradation, air and water pollution have become a common phenomenon in the town due to the operations of the company, Mr Newlove noted.
He stated that houses and rooms of people living close to the mines have developed cracks as a result of the blasting by the company.
“If we have to face all these difficulties and yet we are unable to get employment with the company to at least compensate our loss, then we can simply say that the company has not been fair to us,” the spokesperson stated."
Thanks Tink this is a great post about the Ekom Eya History along with the links to the Co-Op history !
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75365132
That is the BOTTOM LINE Alan.
7 MILLION TO ACQUIRE HALF A BILLION