Monday, December 17, 2018 6:26:11 PM
Looks like all the same claims.....check back to see what happen in 2011
KATX & KAT Gold DD AS OF January 7, 2011
KAT EXPLORATION’S PRINCIPLE OBJECTIVE:
Quote:
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.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
Regarding the recent float reduction in the third quarter of 2010:
As per the Third Quarter Disclosure statement posted October 11, 2010, Kat Exploration reduced the float by ANOTHER 41,383,486 shares!
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37338
A quick geology tutorial video series produced by Riverside Resources, covering various sampling techniques, mapping, drilling & drill cores, and lab assays:
http://www.rivres.com/investor-centre/jm-geo-tutorial.html
Geophysics video: http://www.youtube.com/watch?v=f1GeNljM0T8&feature=related
Birdmanbob’s video tour: http://www.youtube.com/watch?v=FeoJuCqr1z8
Important recent news releases:
January 7, 2011: KATX to move to OTCBB, Adds 102 new claims to Rusty Ridge (RR), awaits further assays from RR hole 2, looks to engage new IR firm, provides update on Kat Gold share distribution.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377322.htm
December 23, 2010: KAT Exploration Inc. Drills Rare Earth Elements (REE's) at Rusty Ridge (RR). Announces partial results for RR hole 2 – elevated levels of REEs.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Drills-Rare-Earth-Elements-REEs-at-Rusty-Ridge-1373395.htm
October 13, 2010: Drilling Initiated on Rusty Ridge Property with Potential Iron Oxide-Copper-Uranium-Gold-Silver-Rare Earth Deposits
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=27
KAT Exploration, Inc. to Commence Drilling on Rusty Ridge Iron Oxide Copper Gold Property the week of October 11, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Commence-Drilling-on-Rusty-Ridge-Iron-Oxide-Copper-Gold-Property-1330693.htm
KAT Exploration Inc. to Drill Test IOCG Targets at Rusty Ridge (permits in, tenders called for)
http://www.marketwire.com/press-release/KAT-Exploration-Inc-to-Drill-Test-IOCG-Targets-at-Rusty-Ridge-1312722.htm
JEAP APROVAL
Kat Exploration Inc. would like to inform it shareholders that the company was approved for the “Junior Exploration Assistance Program”(JEAP) of $100,000.00 toward its phase one expenses on the Handcamp property. JEAP is a Government funding program whereby junior mining companies are awarded a maximum of $100,000/genuine drill program in which the project cost will exceed that amount.
http://katexploration.com/index.php?option=com_blog&view=comments&pid=17
HANDCAMP DRILL RESULTS FOR PHASE I
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Bella-Viaggio-Inc-Handcamp-Drilling-Intersects-Very-Encouraging-1309659.htm
KATX files paperwork to issue unrestricted shares
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Updates-on-1-to-4-OTCBB-Shares-Distribution-of-BVIGOB-1308380.htm
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of Directors and KATX expands Handcamp property AGAIN with 77 additional claims
July 29, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Welcome-Senior-Vice-President-Capital-Projects-Board-1297501.htm
KAT Exploration and Bella Viaggio, Inc. Updates Investors on Its Handcamp Drill Project (all drill holes thus far intersect mineralization)
July 22, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-Investors-on-Its-Handcamp-Drill-Project-1294326.htm
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties (Lots of copper and VISIBLE GOLD)
Jul 19, 2010 09:54 ET
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Cabot-Copper-Gold-Properties-1292069.htm
KAT Exploration and Bella Viaggio, Inc. Commence Drilling on Handcamp Gold Property
Jul 06, 2010 10:01 ET
http://www.marketwire.com/press-release/KAT-Exploration-and-Bella-Viaggio-Inc-Commence-Drilling-on-Handcamp-Gold-Property-1285962.htm
KAT Exploration and Bella Viaggio, Inc. Updates on Handcamp Geophysics and Drill Project
Jun 29, 2010 13:35 ET
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-on-Handcamp-Geophysics-Drill-Project-1283494.htm
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
Jun 16, 2010 09:50 ET
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
KAT Exploration Signs Three-Year Option Agreement Contract With Vale
Jun 11, 2010 10:00 ET
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
Be on the lookout for new filings:
DD Machine: http://www.ddmachine.com/
KAT Exploration Nevada Secretary of State filings:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d
KAT Gold Holdings Corp. Nevada Secretary of State filings:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Ji6hnCJCRNX541ZMO6c0Rg%253d%253d
Search for new filings on the SEC EDGAR system:
http://www.sec.gov/edgar/searchedgar/webusers.htm
KATX OTC filings:
http://www.otcmarkets.com/stock/KATX/financials
BVIG OTC filings:
http://www.otcmarkets.com/stock/BVIG/financials
Future Company Structure:
Initially, Kat Exploration (Pink:KATX) was to become two OTCBB companies, Kat Copper Holdings. (OTCBB:KATC) and Kat Gold Holdings (OTCBB:KATG). Kat Gold will become the parent company for Kat Copper, a subsidiary.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Distributes-1-4-OTCBB-Shares-BVIGOB-Provides-Update-on-Handcamp-1272825.htm
KATX shareholders as of record date July 16, 2010, are to get 1 share of Kat Gold per every share of KATX held on that date. Kat Gold Holdings has been purchased, but for the time being retains the ticker (OTCBB:BVIG) which belonged to the original company purchased. It may be changed to KATG in the future. I imagine Kat Exploration’s ticker (KATX) and name will be changed to Kat Copper (KATC) following the move to the OTCBB.
KATX properties: Rusty, North and South Lucky, Clifton, Colliers, Shaylee, Cabot, Twilite etc.
KAT Gold properties: Handcamp (Twilite may go to Kat Gold as they acquire the means to complete the purchase).
The company initially published a draft flow chart (below), but has since stated, it will make adjustments/changes.
Company Structure Flow Chart:
http://www.katexploration.com/Graphics/KATX-KATG%20Structure.pdf
Quote:
COMPANY FLOW CHART INQUIRES
In response to a number who have been inquiring as to how the flow chart on our website is structured, please be advised that we have been aware of some needed adjustments or tweaking for some time now and those adjustments will be made public in the very near future. Questions on the ‘Wholly Owned’ portion will be answered as mentioned in the near future as well. We wish to thank you for your patience and please continue to monitor this site and other news outlets for more information and updates on this and other company activities.
http://katexploration.com/index.php?option=com_blog&view=comments&pid=15&Itemid=0
One January 7, 2011, Kat Exploration announced:
Quote:
While much speculation has been raised as to why the delay in BVIG share distribution, the company wishes to assure its shareholders that we and our attorneys are working through the SEC rules and regulations in order to comply with all required filings. We realize that while many have been anxiously waiting for the distribution to take place, we ask for continued patience as the process for this procedure moves forward. We will inform shareholders when the distribution filing is approved by all regulatory institutions.
The company is also in the initial stages of filing a 15c211 in order to move Kat Exploration Inc from the Pink Sheets listing to that of the OTCBB. As progress moves forward with these filings further updates will be made available to shareholders and public.
The company is also in the process of engaging a full service Investor Relations firm to assist in its communication with shareholders and public alike.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377350.htm
Kat Gold Holdings (OTCBB: BVIG) share distribution info
Quote:
KATX Blog Update: Regarding the BVIG ¼ share distribution.
It has been brought to our attention that some unfounded rumor has been circulating with regards to the BVIG share distribution. The rumor that the distribution is on hold for an indefinite period of time is unfounded and therefore not true. About one month ago KATX had received 65m shares from BVIG which was a portion of the 161m shares for the Handcamp. At that time the authorized was just 70m shares for BVIG and therefore had to wait until we received approval for the increased authorized to take effect in order for BVIG to issue the remaining 96m to KATX. The authorized has now been approved and Monday 13th Sept our attorneys submitted supporting documents to the TA for the issuance of the remaining 96m to KATX. Upon receiving those remaining shares, KATX will then proceed with returning both shares certificates of 65m and the 96m back to the TA for Book Entry and the 1-4 distribution will take place. We appreciate the patience of all recipients of the 1-4 stock.
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=16
Quote:
Per the December 22, 2010 Kat Gold (OTCBB:BVIG) 8-K:
On June 4, 2010, pursuant to a purchase agreement (the “ Agreement ”) dated as of May 28, 2010 by and between BVIG and Kat Exploration Inc., a company organized under the laws of Nevada (the “ KATX”), BVIG acquired (the “ Acquisition ”) 100% of the mineral rights that KATX then held in and to “Handcamp,” a gold property located in the Province of Newfoundland and Labrador, Canada (the “ Property ”) from KATX in exchange for 161,000,000 (the “ Handcamp Shares ”) shares of its Common Stock. BVIG issued 65,000,000 Handcamp Shares to KATX on June 4, 2010; the remaining 96,000,000 Handcamp Shares were issued on September 14, 2010.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621865
The delivery of all 161 million Kat Gold (BVIG) shares to KATX were confirmed per the Kat Gold SC 13D filed December 22, 2010:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621698
What is the relationship between KATX and Handcamp?
How would KATX benefit from positive results on the Handcamp?
Here’s the plan: KATX explores Handcamp, gets great results, signs a JV or sells the property, and brings in money for BVIG/KATG, who in turn funds KATX (as their parent company), in order to do a very large drill program on the Cabot property(Copper/Gold), the Rusty Ridge(REE plus gold potential) and exploration on other properties...which in turn brings in more money to Kat Gold...and more money to fund KATX (and so on).
Now, let's take a look at the properties. I’ve “borrowed” from various sources and tried my best to cite each source. My thanks goes out to all the DD hounds in the KATX board.
List of current KATX & KATG claims:
does not include new Handcamp claims as of July 27, 2010
Thanks Rick-UK!
You can research these claims by going to this website and changing the various “layers” (ie. mineral rights, geophysics, geochemistry, etc.) : http://gis.geosurv.gov.nl.ca/resourceatlas/viewer.htm
You might try zooming in to get a closer look at the area highlighted in the red box below. You should be able to find all of our properties there. You can use the tools on the left and right-hand side to do a little research. You can also select claims and query the database for those claims.
HERE’S AN EDUCATIONAL ARTICLE ON WHAT ARE “GOOD” ASSAY RESULTS?
http://www.miningbasics.com/why-wait-drill-results-junior-mining-company
HOW TO READ AND CONVERT RESULTS TO UNDERSTANDABLE UNITS
ABOUT THE KATG PROPERTIES
SPEAKING OF THE HANDCAMP GOLD PROPERTY
High grade – Gold, Copper, Zinc , Lead & Silver.
Quote:
KAT Exploration, Inc. and Bella Viaggio, Inc. Handcamp Drilling Intersects Very Encouraging Gold Mineralization at Shallow Depths
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to announce that the drilling program at their Handcamp Project intersected very encouraging gold mineralization at shallow depths. Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width).
Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5 m (2.6 m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width). Three other holes (DDH-002, 003 and 005) also intersected strong gold mineralization over wide widths as shown in the summary table. The gold is typically accompanied by elevated silver, lead and zinc.
Results of the current exploration program indicate that the mineralized zone at Handcamp is outlined well by induced polarization geophysics. The current drilling program tested the mineralized zone for approximately 0.9 km along strike (trend) at 250m to 300m spaced intervals and to a maximum vertical depth of 200 m. DDH 012 is the southwestern most drill hole of the current program and is approximately 600m southwest of the main Handcamp showing. During the second phase of exploration, the mineralization in DDH 012 will be tested to depth and along strike to the northeast and southwest where the IP anomaly has been traced a further 500 m and remains open. Two other induced polarization anomalies subparallel to that delineating the Handcamp mineralized zone remain to be tested by diamond drilling. One, about 350 m to the northwest, has been traced for 1.2 km and remains open and the second is about 900m to the northwest, and has been traced for 700 m and remains open. The two anomalies are viable targets for testing in the second phase of exploration.
Trenching completed at four locations north and south of the Main Hand Camp prospect exposed disseminated sulphide mineralization in altered volcanic rock that contains anomalous gold, silver, lead and zinc concentrations over an approximate strike length of 600 m and over widths of up to 20 m in trenched rock exposures.
Ken Stead, President CEO, states, "The first phase of exploration, which included induced polarization geophysics, trenching and 1640m of diamond drilling in 12 drill holes, has now been completed on the Hand Camp Property. A second phase starting this fall is in planning and will include additional line cutting, induced polarization geophysics and diamond drilling. With data collected so far and the very encouraging results from this first phase, the company feels that this project warrants a full scale exploration program to determine the true significance of the deposit. With just four areas drilled at such wide intervals within such a large structure and the fact that we intersected gold in all 12 drill holes, we feel there is high potential for further encouraging results within this mineralized structure. Also the number of targets yet remaining to be tested outside this determined structure lends itself to a high degree of optimism that this project will be of great value to the company."
Geochemical analyses and assay data consistently and routinely return anomalous gold, silver, lead, zinc and copper values over considerable widths. As an added bonus the distribution of these elements is uniform in comparison to many gold deposits that are subject to the nugget effect enhancing the potential for the delineation of economic concentrations of polymetallic mineralization.
The Company's exploration work on the Handcamp Project is supervised by J. Wayne Pickett, M.Sc. P.Geo., a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador and a Qualified Person as defined in NI 43-101. Mr. Pickett has verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Bella-Viaggio-Inc-Handcamp-Drilling-Intersects-Very-Encouraging-1309659.htm
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
You can read the interpretation of Handcamp Phase I results here (scroll down):
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=14
Quote:
Phase I Exploration Expenditures
Details of expenditures related to Phase I exploration aggregating approximately $392,000 are presented in Table II .
Phase II
The objectives of the next phase of exploration are: to test for further extension of mineralization related to the Handcamp mineralized zone; to drill test other targets already identified in the area; and potentially identify new ones as a result of geophysical, geological and geochemical surveys to be carried out on extensions of the existing grid. As part of Phase 2, a program has already been initiated to include 73km of line-cutting (completed), to be followed up by soil sampling, geological mapping, prospecting, IP surveys and diamond drilling (See “ Figure 4 ”). Soil sampling is to be completed on the extended grid in an effort to locate exploration targets for follow-up exploration. An IP survey will be completed as a priority along with follow-up prospecting and geological mapping on targets identified by the geophysical and geochemical surveys. Further trenching may be required in local areas to facilitate mapping. An enhanced drilling program (3,000m) is also planned that will include testing mineralization to the south where it appears to improve, as well as other targets identified from results of the geophysical and geochemical surveys already completed. It will also include holes to the north and west contingent on additional targets that may be identified by the induced polarization and soil geochemical surveys.
Further exploration beyond Phase II is contingent upon positive results from that phase. If warranted, a multi-phase exploration program will be carried out with the initiation of each new phase contingent on positive results from the previous phase. Continued positive results from the multi-phase exploration program would lead ultimately to a third party pre-feasibility study and production decision.
A total expenditure of $10M is anticipated to be required to implement all of the phases, with approximately $6.5M required in order to implement the next two phases of delineation drilling contingent on the success of Phase II exploration. Should any of the exploration phases prove unsuccessful at the Property, any financing raised for the execution of the work could be redirected to other projects under the direction of the Company. A budget outlining estimated costs for Phases 2 and 3 is presented below as Table III .
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
Handcamp Phase-II drilling grid displayed below:
Quote:
Based upon the Company’s [Kat Gold Holdings Corp.] present cash position, it will need to raise additional capital prior to December 31, 2010 in order to fund further exploration and acquisitions. The Company is in discussions with prospective investors to provide additional funding in exchange for equity. In order to finance further exploration and acquisitions, the Company will need to raise a minimum of $2.5 million…There are at present no specific plans to acquire properties from KATX.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of Directors and expands Handcamp by another 77 claims
Quote:
Jul 29, 2010 10:25 ET
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of DirectorsMOUNT PEARL, NEWFOUNDLAND--(Marketwire - July 29, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) (www.KATexploration.com) and Bella Viaggio, Inc. (OTCBB: BVIG) are very pleased to announce that J. Wayne Pickett has agreed to join the companies as a director and "Senior Vice President of Capital Projects." Mr. Ken Stead, CEO, commented that "on behalf of the board of directors, we are delighted to have someone with this caliber of a geological background to oversee all the company's projects as we move forward ever so rapidly." All present and future geologists along with field crews will work under the direction of Mr. Pickett.
Please check the link for Mr. Pickett's resume.
http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf
Also, on June 26th, 2010, 77 new claims were staked around the most Northern claims of the Handcamp property as more new discoveries have been found. This latest discovery is approximately 2 kms to the North of the main Handcamp showing and appears to be an extension of the latest north western anomalies recently discovered through Induced Polarization (IP). This mineralized zone contains very impressive massive sulfides and samples have been sent to the lab for gold and base metal analysis. No drilling or trenching has taken place in those new areas thus far but will be part of another drill phase as we continue to move the project forward.
See attached pictures.
Nine drill holes have been completed to date with all holes intersecting mineralization. Hole #7 tested the mineralized structure at 180 meters (612ft) down section and intersected mineralization over a width of 30 meters. This is extremely encouraging as we now know that, not only does the strike length of the mineralized structure continue for at least a minimum of 1400 meters and open at both ends, it has a minimum depth of 180 meters and also open at depth. With new mineralized structures being discovered to the west and far north, this increases the potential of the property significantly.
Results are beginning to be received from the lab and Jim Weick along with Wayne Pickett will begin the compilation of these results which will be published in an upcoming press release.
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Welcome-Senior-Vice-President-Capital-Projects-Board-1297501.htm
Quote:
KAT Exploration and Bella Viaggio, Inc. Updates Investors on Its Handcamp Drill Project
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - July 22, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are very happy to inform shareholders of the ongoing first phase drill program on its Handcamp high grade Gold property.
To date six (6) holes have been completed with the seventh in progress. All six holes have intersected the mineralized zone as outline in soil sampling, Induced Polarization(IP) and trenching. The purpose of the holes was to test mineralization near surface and at depth.
All holes have been drilled at an azimuth of 110 degrees perpendicular to the northeast strike of the 1.4 km structural zone that hosts Hand Camp mineralization.
As the first two drill holes, DDH-001 and DDH-002 were located on the same setup on line 2+00 South approximately 50m west of the Main Trench Showing (Trench #1).
DDH-001 drilled at a dip of-45 degrees intersected mineralization from 68.0m to 79.0m for a total width of 11.0m (37.4ft).
DDH 002 completed at a dip of-65 degrees intersected mineralization from 93.0m to 102.5m a total width of 9.5m(32.3ft).
As the third drill hole, DDH-003 was drilled at a dip of-45 degrees on line with DDH-001 and 002, approximately 25m from the Main Trench as a check on the consistency of mineralization from surface to DDH-001 and 002. It intersected mineralization from 36.0m to 49.0m over a total width of 11.0m(37.4ft).
The fourth and fifth holes DDH-004 and DDH-005 were completed on the same setup approximately 200m north of drill line DDH-001, 002 and 003 approximately 25m west from the Main Hand Camp showing.
DDH-004 completed at a dip angle of-45 degrees intersected mineralization from 29.1m to 45m over a width of 18.9m(64.3ft).
DDH-005 drilled from the same setup at an angle of-65 degrees intersected mineralization from 39.4 to 82.6 a total width of 43.2m(146.9ft).
A sixth hole, DDH-006 recently completed at a dip angle of-45 degrees, 50m west of DDH-004 and DDH-005 intersected mineralization from 118m to 151m a total width of 33m(112.2ft) at a vertical depth of approximately 100m(340ft).
The seventh hole, DDH-007being drilled from the same setup at a dip angle of-65 has been designed to test for the continuation of this mineralization down dip at a vertical depth of approximately 120m (408ft)... at a greater vertical depth than all previous drilling.
Zone #1 where the first 3 drill holes took place still show that mineralization continues at depth and will require deeper testing to determine the true depth of this area of the structure.
Zone # 2, 200m north of zone #1, where the latest 3 drill holes took place, showed even greater width at greater depths and is now being tested by DDH-007 to see if the mineralization continues.
President/CEO Ken Stead commented "We are very pleased and excited with the drill program thus far and we look forward to the lab results determining the gold and base metal contents. One would have to understand the significances of these drills holes hitting mineralization at such depths and width, with already known gold showings on surface above the drilled areas. And taking into consideration the amount of mineralization discovered along with the limited amount of drilling in comparison to the known depth and 1400m strike length of the mineralized structure, lends itself to huge potential for the Handcamp property.
Mr. Stead further states, "Samples from most of the holes drilled thus far have been logged and sent to the lab with a request to expedite analytical results. We will let our shareholders and investment community know as soon as we have the results from the lab."
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-Investors-on-Its-Handcamp-Drill-Project-1294326.htm
FANTASTIC NEWS. Now we've hired another geologist/ geophysicist! Looks like Handcamp is going to be bigger than originally expected.
Quote:
KAT Exploration and Bella Viaggio, Inc. Updates on Handcamp Geophysics and Drill Project
MOUNT PEARL, NL--(Marketwire - June 29, 2010) -
...Due to the latest discoveries of several new very strong IP targets the company has decided to engage the services of another geologist and geophysicist to work along with Mr. R. James Weick on laying out a very constructive drill program. These discoveries have created a much bigger work load and latest trenching has uncovered extensive amounts of sulphides over a strike length of 700 meters.
Some of the bigger targets extend west of the grid and south of where the geophysics ended. Therefore, the company has decided to extend the latest geophysics in both of these areas as it was recommended by the geophysicist who did the interpretation of the first round of geophysics.
Ken Stead, President and CEO, stated, "The more work we do, the more new discoveries are being found, all of which causes us to take a serious look at other areas of the property too… it has been requested that the contractor leave his excavator on site because we feel very strongly that after the extended geophysics are completed there will be many other areas that will need trenching and quite possibly drilling."
Shareholders will be informed immediately upon the first turning of the drills.
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-on-Handcamp-Geophysics-Drill-Project-1283494.htm
NEW CLAIMS AS OF JULY 27, 2010! MUST BE EXPECTING EXCELLENT ASSAY RESULTS…
77 new claims around Handcamp posted today
http://gis.gov.nl.ca/mrinquiry/License.asp?License=017917M
Check out these some of these numbers on Handcamp(g Au/ton): 16.08, 31.38, 82.81, 94.10 158.0 g Au/ton
Quote:
KAT Exploration and Bella Viaggio, Inc. Commence Drilling on Handcamp Gold Property
MOUNT PEARL, NEW FOUNDLAND--(Marketwire - July 6, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to inform its shareholders & investment community that drilling on the Handcamp high grade gold property has begun today.
The first selected drill targets are taking place over the exposed outcrop known as the "Main Handcamp" showing, where channel samples generated a result of 7.1 g/t gold over 28ft along the surface.
The first series of three holes will be drilled at different intervals down depth. The next series also consists of three down depth holes two hundred meters south of the first drill holes. This is a new area that was discovered during the first round of an IP survey which coincided with gold anomalies in soils. The next series of holes will be in several areas to the north where IP, soils and trenching revealed strong anomalies near surface and at depth along with heavy mineralization in uncovered outcrops. This first phase of drilling will take place within a 1400 meter strike length of a very impressive gold bearing structure.
A second round of an IP survey will be carried out North West of the grid which is showing another large anomaly open to the west. This new target is very large and requires immediate testing to confirm the magnitude and size of the target.
Mr. Dean Fraser P. Geo and a geophysicist (RDF Consulting Ltd.) have been contracted to work with Mr. R. James Weick on the Handcamp project including the second round of geophysics.
President & CEO Ken Stead: "Over the weekend meetings with both geologists and geophysicist for a complete overview of the work thus far has demonstrated some new discoveries which has shed additional light on the potential of the Handcamp project. Like all companies, when a project gets to the stage of drilling, there is always a certain amount of apprehension and uncertainty as to what it will produce. However, the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."
Qualified Persons
Mr. R. James Weick P. Geo & Mr. Dean Fraser P. Geo and a geophysicist, an Independent Qualified Person as defined by National Instrument 43-101 has reviewed the drill program, supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.
New photographs of the latest trenching have been added to the KAT Exploration website exposing large mineralized zones within the 1400 meters strike length [http://www.katexploration.com/handcamp_trenching.html ].
At certain stages of the drilling program, when results have been obtained from the lab contracted to analyze the drill samples, a press release will inform shareholders of those results.
http://www.marketwire.com/press-release/KAT-Exploration-and-Bella-Viaggio-Inc-Commence-Drilling-on-Handcamp-Gold-Property-1285962.htm
Quote:
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 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.
http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1193541.htm
Quote:
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 [see one digital plot below].
http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1124037.htm
Quote:
The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine…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…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 ( massive to simi-massive sulphides ). A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.
http://www.katexploration.com/properties.html
Quote:
According to CEO Ken Stead: “[Handcamp] 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."
Speculation:
Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.
What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada [see next three graphics].
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Here’s an Induced Polarization map for the latest Handcamp geophysics:
DON’T FORGET THAT KEN WAS SO IMPRESSED BY THE EXPLORATION RESULTS THUS FAR THAT HE ADDED TO THE PROPERTY:
http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm
Here's another possible Joint-Venture (JV) for Handcamp. Check out what the CEO says regarding Handcamp and Aur Resources:
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 3:54 PM
XXX,
Any mining company in the world would just love to get their hands on VMS, it really brings quite a bit of value to each ton of rock mined. Just to the south in the same belt of rocks that the Hand camp is in, is the "Duck Pond" VMS deposit but they do not have near the gold that we have.
Aur Resources Announces Development Decision for the Duck Pond ...
The Duck Pond deposit has proven and probable reserves of 4.1 million tonnes at an average grade of 3.3% Cu, 5.7% Zn, 59 g/t Ag and 0.9 g/t Au. ...
www.encyclopedia.com/doc/1G1-126132569.html
Ken
Quote:
From: birdmanbob4
To: Ken Stead
Sent: Wednesday, March 03, 2010 6:38 PM
Subject: Re: Hi Ken QUESTION ???
...I am wondering about the mines and companies close to us are they geared to process the other minerals as well like the copper and Zinc...or am I correct in my thinking that Vale has a Processing place on the mainland that is geared best for the "Multi Mineral" thing? ...In other where is the best place to take our dirt?...
The truth will set you free!
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 4:11 PM
The Duck Pond refinery is best suited for this
Ken
If you're wondering how good the DD is on this board, perhaps check out investor911's DD on a possible deal with Vale, months before the actual deal: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
SPEAKING OF THE TWI-LITE PROPERTY
FYI:
Quote:
Dec 21, 2009 08:00 Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
MOUNT PEARL, NL--(Marketwire - December 21, 2009) - Kat Exploration Inc. ("Kat") (PINKSHEETS: KATX) http://www.katexploration.com
..."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.
http://www.marketwire.com/press-release/Kat-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Twi-Lite-High-Grade-Gold-1093875.htm)
Quote:
Twilite Gold Property
The Twi-lite property, lies along the western margin of the Botwood Basin, central Newfoundland, It is situated approximately 30 kms southwest of the Moosehead gold prospects and has similar potential for epithermal gold mineralization.
The two major structural elements within the survey area are NE-NNE and NW faults. These two directions are well represented within the Discovery showing and have been noted as being associated with gold mineralization. The regional depth calculations, carried out using the Source Parameter Imaging Technique indicates that two major “graben” type structures may occur within the area; one striking NW-SE along the Victoria Lake-Badger Group overlap and the other along the Badger Group-Botwood Group NE striking fault contact. Through the central portion of the area, immediately east of the Discovery showing, major N-S faults are evident on the processed magnetic maps. At the southern end these N-S structures control eastern boundary of the Victoria Lake Group and in the north they appear to form the eastern edge of the Lemotte’s Ridge Sequence.
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.)
http://www.katexploration.com/properties.html#2
KEN STEAD WAS SO IMPRESSED WITH THIS PROPERTY THAT HE RECENTLY ADDED TO IT:
Quote:
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.
http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm
ABOUT THE KATX PROPERTIES
SPEAKING OF THE LUCKY PROPERTIES:
Quote:
KAT Exploration Signs Three-Year Option Agreement Contract With Vale
MOUNT PEARL, NL--(Marketwire - June 11, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) ("KAT") is pleased to announce that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern Newfoundland. Under the terms of the agreement, VEC has committed to an initial C$20,000 cash payment on signing and may elect to make further cash payments totaling C$75,000 over the three-year option period, and may elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.
Upon VEC's exercise of the option, a joint venture will be formed to further develop the properties, with each party contributing to further approved exploration programs as per their interest. VEC will be the operator of the exploration programs during the option period.
The Lucky properties are in a geological setting with the potential for sediment-hosted stratiform copper (SSC) deposits. The Lucky properties have the potential to produce low-grade, large tonnage copper deposits similar to those of the Zambia copper belt.
Ken Stead, President/CEO of KAT, states, "The very fact that a company of Vale's caliber has enough interest in the area and sees enough potential in the Lucky properties to warrant an option with KAT, leaves us very excited. We are very pleased to be exploring these copper properties with Vale and look forward to bringing them to their full potential."
The Lucky properties are located on the Bonavista Peninsula in eastern Newfoundland, and are accessible by well-maintained roads, allowing for exploration programs to be carried out fairly quickly and comfortably.
Copper mineralization is quite visible in an old pit near a gravel road with impressive malachite staining along with chalcocite strata bound within the more sandy beds of the sediments with assay results of 2.5% Cu in the more concentrated areas. The most recent discovery was on our North Lucky property where well-disseminated chalcopyrite was found in exposed outcrop approximately 10km north of the South Lucky property.
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.
About VEC
VEC is a wholly-owned subsidiary of Vale, the world's second largest mining company by market capitalization, with its headquarters in Brazil. Vale is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.
Jack Zwicker
KAT Exploration Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
http://www.katexploration.com
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
EMAIL FROM KEN STEAD RE: THE SIGNIFICANCE OF VALE DEAL
Quote:
Posted by: siljie Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million (which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working… in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
I sent this today around noon time Europe, and got a reply in 45min.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51220992
So how significant would that 20% be for us? Have a look at some of the deals these junior exploration companies worked out that made them worth BILLIONS: http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives
Now take a look at our Lucky properties.
Quote:
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 [COPPER]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.
http://ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
-graphic courtesy of Rick-UK
Read more here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326701
Oh yes, and:
Quote:
MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1
Here’s some data from previous work done on South Lucky (see whole report at http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch22/002C_0178.pdf ):
-Thanks to “homevendor” for finding this one.
NOTE: to convert ppm (parts per million) to percent (%) divide the ppm value by 10,000
SPEAKING OF THE RUSTY RIDGE PROPERTY:
Quote:
KAT Exploration Inc. Drills Rare Earth Elements (REE's) at Rusty Ridge
MOUNT PEARL, NL--(Marketwire - December 23, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration Inc. (PINKSHEETS: KATX) is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes completed at its 100% owned Rusty Ridge property. Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02.
Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole. Initial ICP analytical results indicated elevated lanthanum and cerium through several sections; these, along with other selected sections of the drill hole were sent for a complete suite of rare earth and associated elements. Results have been received for the upper section of the drill hole from 30 to 40.1m. The analyses indicate a 7.5m interval from 30.0 to 37.5m having elevated rare earth elements and zircon, returning a weighted average of 0.164% TREO (including yttrium) consisting of 0.113% LREO and 0.051% HREO (including yttrium). The results also returned 0.268% zirconium dioxide, 0.039% Nb2O5 (niobium oxide) and 0.022% rubidium. A table showing all analyses will be posted to our website in the near future. Additional samples are being analyzed for the rare earth and associated elements from other deeper sections of the hole and will be reported when received.
Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke.
Ken Stead, President/CEO, states: "We are very encouraged by the presence of rare earth element rich rocks at Rusty Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the grades improve. While there is much work yet to be carried out to determine the significance of this discovery, we feel we are in the very early stages of a most interesting project."
The property will be re-examined in light of potential for additional rare earth element mineralization. Further testing of the main Rusty Ridge zone as well as other targets including strong IP (Induced Polarization) anomalies, some of which are coincident with gravity anomalies, will be considered.
The property is located near roads, seaports and power infrastructure, improving the economics of any mineral deposits found.
Rare earth elements reported were analyzed by Acme Labs in Vancouver using their Group 4B analytical method, which produces accurate analyses of the rare earth and associated elements.
The Company's exploration work on the Rusty Ridge Project is supervised by Barry A. Sparkes, B.Sc. (Hons.), P.Geo. and J. Wayne Pickett, M.Sc. P.Geo., both members in good standing of the Professional Engineers and Geoscientists of Newfoundland and Labrador. Mr. Sparkes and Mr. Pickett have verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
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.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Drills-Rare-Earth-Elements-REEs-at-Rusty-Ridge-1373395.htm
FYI:
TREO = Total Rare Earth Oxides
LREO = Light Rare Earth Oxides
HREO = Heavy Rare Earth Oxides
Read more about Rare Earth Elements (REEs) here: http://en.wikipedia.org/wiki/Rare_earth_element
Quote:
January 7, 2011: ...results have been received from the upper 50m of the 334m of hole #2 [see Dec 23rd PR]...the remainder of the selected sections sent for analysis...may still be a couple more weeks before results are received.
Another 102 new claims have been staked around the original Rusty Ridge claims in order to protect the area for future exploration.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377350.htm
Screen shot of the new staked claims record (below):
http://gis.geosurv.gov.nl.ca/resourceatlas/viewer.htm
and here's the "claims inquiry" and description:
http://gis.geosurv.gov.nl.ca/mrinquiry/license.asp?license=018404M
Drill Targets:
Historical Info on Rusty Ridge:
Quote:
MOUNT PEARL, NEWFOUNDLAND--Cornerstone Capital Resources Inc. (CDNX - CTP) has received the results of a 3-D magnetic inversion completed on data over a portion of the Ken's Mountain magnetic anomaly on the South Princess property. The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area...
Further work in 2001 showed the Ken's Mountain area to exhibit several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-rare earth deposits, particularly deposits in Australia. The most striking characteristic is the fact that the 12 X 4 km magnetic anomaly in the Ken's Mountain area [a.k.a. “Rusty Ridge”] is adjacent to the Charlottetown Fault, a major regional structure. The South Princess area rocks developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world's largest iron oxide type deposits...
http://www.marketwire.com/press-release/Cornerstone-Capital-Resources-Inc-Exploration-Update-South-Princess-Property-381714.htm
Quote:
Jun 16, 2010: ETKAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia.
The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated, "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes."
Shareholders and Investors will be kept up to date as this drill project moves forward…
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
SO WHY IS RUSTY RIDGE SO SPECIAL?
From: http://emg.geoscienceworld.org/cgi/reprint/11/1-4/125
~Thanks to stocksgonewild
Quote:
MOUNT PEARL, Newfoundland, June 15, 2009 (GLOBE NEWSWIRE) -- Kat Exploration (Pink Sheets:KATX - News; http://www.katexploration.com/) is pleased to announce that exploration on it's "Rusty Ridge"(IOCG) property was highly successful in identifying coincidental magnetic IP resistivity and soil geochemical anomalies that 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… A recently completed 3D inversion modeling [shown below] 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 significant 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. Other rare earth elements such as 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 property has already generated a lot of interest from mining companies and is being offered as a Joint Venture (JV) project.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
Here’s some work that’s been done on the “South Princess” property and “Ken’s Mountain Grid” …NOTE “Ken’s Mountain Grid” is our Rusty Ridge property:
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch7/NFLD_2859.pdf
http://gis.geosurv.gov.nl.ca/geofilePDFS/WBox035/NFLD_2821.pdf
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch19/NFLD_2779.pdf
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
~Thanks goes out to birdmanbob4 (BMB), PJ (Godsend), Homevendor, and the rest of the crew over at the bird’s nest for finding a lot of this information. You can find more of their DD here:
http://www.facebook.com/home.php?#!/pages/Kat-Exploration/283084523208?v=app_2373072738&ref=ts
AH, ISN’T SHE BEAUTIFUL!
Thanks to Rick-UK for the pic (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52067122)
Here’s some data points from exploration on the South Princess Property:
Quote:
New information about Rusty Ridge and Shaylee
Here's some new stuff about the Rusty Ridge / Shaylee area. A little while ago I noted that there were some claims north of Rusty Ridge from some other companies. In fact they weren't registered under a company name but that of an individual. Anyway, I did some digging and found his email address and sent him an email. He replied and we struck up an email conversation. I now know who he is, what his company is called and what his company are doing up there.
The company is called Cache Exploration. Here's the map:
Cache Exploration is searching for... Rare Earth Elements (REE)! They are organising further exploration on their claim this summer, led by a top level, award winning independent geologist and university academic. They must be confident too, because on 10th May they doubled their claim size. I also had a chat about them with our CEO Ken Stead. He knows that area well because he has already explored it and is confident that we have the best claims staked already.
So what is important about this? To my mind what is important is that Cache Exploration believe there is enough value in that area from REE deposits alone. We have our copper at Rusty Ridge and we knew that there are REE deposits up there, but this additional DD adds to the circumstantial evidence that the REE value could be immense.
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50549449
Cache recently quoted Kat Exploration’s Rusty Ridge property in their June 18, 2010 Press Release, and are apparently following our lead:
http://www.cacheexploration.com/news/2010-news/57-cache-expands-louil-hills-rare-earth-property.html
Recent Aerial Survey of Rust Ridge…notice the “rusty” ridge:
SPEAKING OF THE CABOT PROPERTIES (VISIBLE GOLD!)
Cabot Property Brochure: http://katexploration.com/Graphics/properties/kate/Cabot%20Brochure.pdf
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KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
July 19, 2010. KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
KAT has agreed to acquire a 100 percent interest in the Cabot properties over a five-year period in consideration of total cash payments of $560,000, which includes a payment of $40,000 on signing and the remaining $520,000 over the remainder of the agreement. The agreement also includes a stock issuance of 3,000,000 shares, with 150,000 shares to be issued upon signing and the remaining 2,850,000 over the remainder of the agreement.
KAT also agrees to allocate minimum expenditure of $1.2 million over the five year term of the agreement and complete a National Instrument 43-101 on the Cabot properties.
If upon completion of a feasibility study of the Cabot Properties, KAT will pay a further four million shares, whereby it will then have earned 100% of the five licenses which make up the Cabot properties.
PNL Ventures Ltd, and Weyburn Investments Limited, will also retain a 2.5% NSR [Net Smelting Return] in which KAT Exploration has the right to purchase 1.5% of the 2.5%NSR for a total amount of $3.5 million.
Kat Exploration will be the operator of the project during the option period.
The Cabot properties are located on the Baie Verte Peninsula which is one of Newfoundland's most historic and prolific mining districts. Down through the years the Baie Verte peninsula alone has be host to numerous Copper, Gold and Massive Sulfide deposits. The "Tilt Cove" mine, the "Rambler" mine and the "Bretts Cove" mine to name just a few were all massive sulfide deposits. The "Deer Cove" mine, the "Nugget Pond" mine and the still operating "Pine Cove" mine were/are gold deposits.
The "Cabot Property," with its significant new Copper/Cobalt/Gold discoveries, is a prime example that tremendous potential still remains for new discoveries in this prolific mining region.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Cabot-Copper-Gold-Properties-1292069.htm
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-copper-zinc/cabot.pdf
Oh yeah, and we CAN drill in the winter!
SPEAKING OF THE SHAYLEE PROPERTY
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.
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Shaylee is a region of volcanic rock traversed by numerous faults which early indications appear to indicate contain high levels of copper. Even less is known about Shaylee than about Twi-Lite. Shaylee sits adjacent to and very nearly abutting Rusty Ridge, and was an area that Ken and Tim Stead have only very recently claimed on 11 February 2010, although they had explored the area beforehand. Shaylee has two very interesting copper anomalies, the first 1km long by 75m wide and the second 200m long by 50m wide. It’s proximity to Rusty Ridge means that KAT Exploration can include further exploration at Shaylee into its plans for exploration at Rusty Ridge, and this precisely what our CEO Ken Stead intends to do. What I also think is interesting is the idea that KAT Exploration could potentially find a JV partner for Rusty Ridge but retain the mineral rights at Shaylee, then piggyback off the work carried out at Rusty Ridge to add further value to KATX shareholders. Just an idea!
The image below shows Rusty Ridge to the right (three claim areas together) and Shaylee to the left…
--courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
SPEAKING OF THE COLLIERS PROPERTY
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.
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New: Here is something new for you – at least actually it’s old, but not everyone will have seen it. It’s a 38 page PDF document on the Colliers property prepared by an independent Geologist called Rod Churchill of Altius Resources in October 2006. Lots of great detail and well worth the read: http://r.b5z.net/i/u/10049316/i/REPORT_ON_PROPERTY_EXAMINATION.pdf
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Don’t forget the MASSIVE CLIFTON AREA we recently added just south of the Lucky Properties. AND WE’RE EXPECTING A “FAIRLY QUICK AND EXTENSIVE” EXPLORATION PROGRAM IN LATE SPRING AND EARLY SUMMER!
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MOUNT PEARL, NL--(Marketwire - March 17, 2010) - KAT Exploration Inc. is pleased to announce that it has staked 346 new claims of approximately 125sq KM over impressive copper discoveries in the southern portion of the Bonavista peninsula, south of its Lucky properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a favorable area where the geology, sub-aerial mafic and felsic volcanic rocks are the same as that hosting its Rusty Ridge (IOCG) property.…
Large brecciated, hematitic felsic volcanic rocks permeate the southern portion of the new claims creating the same type of environment found on the Rusty Ridge property allowing for the same high potential of another Iron Oxide, Copper-Gold (IOCG) discovery.
With copper demands on the rise worldwide, KAT feels it important to have a well stacked portfolio of copper properties that would generate significant interest from major copper producers
With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer.
http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm
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Clifton Property:
Clifton is a brand new claim area for KAT Exploration and by far our largest, reaching a whopping 124sq kilometres in size – that is a huge area and quite costly to claim and to maintain that claim (to keep a claim active, a certain amount of exploration activity must occur within a specified period, else the claim lapses).
Clifton lies south of the Lucky claims and appears to share a lot of the same underlying geology. It also has great accessibility. Our CEO Ken Stead has said that the company will carry out further exploration of this new claim area in the late spring or summer.
New: Part of the recent JV between Cornerstone and VALE was for Cornerstone’s claim to the north of Lucky and next to the VALE claims that surround Lucky. What I don’t think anyone except me has realized is where the other part of that JV is for. It’s for Cornerstone’s claims that lie just south of our Clifton claim. So VALE are JV partnering in the Clifton area as well as in the Lucky area. I hope you like that new piece of DD!
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Could we be getting an Option Agreement or JV with VALE on the Clifton Property as well? In my opinion, it is very likely.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55150695
HISTORY OF SHARE STRUCTURE REDUCTIONS:
As per the Third Quarter Disclosure statement posted October 11, 2010, they reduced the float by ANOTHER 41,383,486 shares!
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37338
2,000,000,000 shares were retired January,14 2010
Quote:
Kat Exploration Inc. 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.
http://www.marketwire.com/press-release/Kat-Exploration-Retires-and-Eliminates-2-Billion-Shares-From-Treasury-1101927.htm
Retired an additional 300,000,000 on January 19, 2010:
Quote:
KAT Exploration Inc...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.
http://www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm
and then…
Quote:
XXXXX,
That is correct, we saw fit to remove approx.. another 8 MILLION shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead
NOW, HOW ABOUT FINANCING?
Quote:
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.
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1102443.htm
and from Ken Stead’s email:
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: XXX
To: XXX
Date: Wednesday, March 31, 2010, 2:39 PM
XXX,
...All the 504 stock has been sold in to the market already and it was not to a single investor in the state of Wisconsin but to 12 over a period of 2-3 months. Our DTC sheets confirms there is no one holding any significant Kat stock at all.
Ken
Quote:
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.
http://ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
KAT Exploration new BIG TIME law firm:
Quote:
Legal Counsel
Gusrae, Kaplan, Bruno and Nusbaum, LLC
120 Wall St.
11th Floor
New York, NY 10005
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx
KAT Exploration’s HIGHLY EXPERIENCED GEOLOGIST, Mr. R. James Weick:
VIEW HIS STELLAR RESUME HERE: http://www.katexploration.com/news/Geologist_Resume.pdf
And now, Mr. Dean Fraser P. Geo and a geophysicist (RDF Consulting Ltd.) have been contracted to work with Mr. R. James Weick on the Handcamp project including the second round of geophysics.
AND now Wayne Picket makes the third geologist on staff. He’s also on the board of directors and the Senior Vice President of Capital Projects. View his resume here:
http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf
VIEW DD ABOUT MR. DEAN FRASER HERE: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52021462
FYI, MORE DD FROM RICK-UK
Quote:
The Company
KAT Exploration is managed by brothers Ken and Tim Stead who have excellent tracks records and experience and between them own a controlling interest, making for a very safe and trustworthy investment. KATX is a fully reporting pinksheet with “Current” status on pinksheets.com [soon to be KATG (OTCBB) and KATC (OTCBB)]…
Why might KATX PPS increase in value?
Junior exploration companies are worth pretty much nothing at all until they find file a claim, analyze what’s in the ground and file their NI 43-101 to prove it. Most exploration companies would be over the moon with just one good claim, but KAT has six [now more]! Not only that, but early sample analysis from Handcamp suggests KAT is sitting on an incredible amount of gold and recent activity around Lucky not only show the same thing for copper, but also hint strongly at a JV partnership with a world leading mining company VALE, who have staked massive claims around Lucky at a cost of roughly $1m in the first year. VALE would not be willing to spend this money if they weren’t seriously excited about Lucky, and Ken Stead “cannot comment” on whether he’s in discussions with them, and we all know what that means… KAT Exploration is therefore something out of the ordinary.
One year ago an exploration company called US Gold (UXG) were in a similar position to where KAT is now, with a similar share structure. They were trading at around 0.30 and were waiting on the results of test drilling so they could file their 43-101. Within weeks of filing their 43-101 the PPS went from 0.30 to $1.20 and a few months later hit $3.00. UXG’s best results were 2.9 g/t Au. By comparison, KAT’s initial sample analysis indicates 158g/t Au, 94g/t Au and 82g/t Au. Not only this, but as well as Handcamp, KAT has Lucky and four other claims as well. If UXG can hit $3.50 there is absolutely no reason why KAT cannot hit $4 OR MORE if we get a DOUBLE announcement – a 43-101 for Handcamp and a JV with VALE for Lucky.
It's very common for these type of companies to go from a few cents to multiple dollars on great drill results alone. This is because the NI 43-101 basically confirms exactly how much gold is in the ground and how much it's worth. So there’s no need to actually be mining it to make this stock go up, once people know exactly what they are sitting on and what it's worth, this will shoot up accordingly to reflect that.
We have seven claim areas, two of which look to have massive amounts of gold, three of which look to have massive amounts of copper and at least one appears to have massive amounts of silver. So when you factor in all of the properties and the potential JV with VALE, this company "could" be worth quite a bunch of money. I expect KATX to continue a steady rise with spikes on good new until the test drill program is complete and the NI 43-101 compliant report is filed for Handcamp, or until a JV partnership is announced.
KATX has a relatively small O/S and a very tight float for a junior exploration company (they usually have to keep issuing more and more shares to stay afloat whilst they explore, claim, prove up and sell their claims, taking several years to do so and diluting all the time to keep in the game). KATX has the funding and the CEO has stated that dilution in the future will only occur if there’s a positive reason to do so, ie a JV partnership. In a recent statement, the CEO has also said that he intends to take either KAT Exploration itself or possibly a spin off company containing certain of the claim areas off pinksheets and onto another exchange or market. We do not have a timescale for this but the assumption has to be “within the next few months”.
Call to Action
Look at the list of recent events and draw your own conclusions, but I believe KATX to be a once in a lifetime investment opportunity. This is a fully reporting pink with an open, transparent, communicative CEO and fantastic announcements imminent. It’s all there in terms of the provable DD and to my mind it’s a complete no brainer once you’ve done the research. Here’s where to go:
• Post from Er0ck about KATX valuation and the Handcamp gold opportunity: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46213134
• Post from Investor 911 about the Lucky/VALE JV partnership: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
• KAT exploration website: http://www.katexploration.com
• KATX iHub site: http://investorshub.advfn.com/boards/board.aspx?board_id=15632
• Pink Sheets listing: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=katx#getQuote
• Gusrae, Kaplan, Bruno & Nusbaum website: http://www.gkblaw.com/
• VALE Inco website: http://www.inco.com/
• Anaconda Mining website: http://www.anacondamining.com/
• Teck Resources Ltd website: http://www.teck.com/
• Marketwire for press releases and news: http://www.marketwire.com
• Wikipedia entry for Olympic Dam: http://en.wikipedia.org/wiki/Olympic_Dam,_South_Australia
• Wikipedia entry for rare earth elements: http://en.wikipedia.org/wiki/Rare_earth_element
Top Ten Key Points
1. Two properties (Handcamp and Twi-Lite) returned very high and widespread g/t for gold in initial sample analysis. Handcamp’s soil analysis is now completed and has confirmed high levels of gold plus copper and zinc as well. Drilling has commenced in May and completed results will be filed in June, with some results likely to be seen beforehand
2. Another property (Lucky) has recently had VALE (the world’s 2nd largest mining company) staking every piece of land around it and our CEO Ken Stead can neither confirm nor deny whether he is in JV discussions with VALE, but he’s added substantially to the claim area and has met VALE at the recent PDAC conference in Toronto
3. A further property (Rusty Ridge) has been likened by an independent geologist to Olympic Dam – the world’s 4th largest copper mine and the consensus is that this property may turn out to be the most valuable of all KAT’s claim areas. Ken Stead has indicated to a shareholder who visited the KAT Exploration stand at the PDAC conference that Rusty Ridge has generated a lot of interest from mining companies looking for potential JV partnerships with junior explorers. [June 10th PR confirms Vale signed option agreement with potential for JV]
4. Up to five years funding is now in place ($1m now, up to $5m if conditions are met), which means that the company has the capital it needs to claim new areas and to prove up existing areas without the need to raise more money. This also means that share dilution is unlikely, unless to cater for a large JV partnership (ie good dilution). Finally it means that a savvy investor who may well be party under NDA to more information than us thinks that KATX is a good purchase
5. A number of mining companies have requested talks with KAT at the PDAC in Toronto from March 7-11 and events following this have included the appointment of an attorney to the BOD and an announcement of a potential uplisting from the CEO Ken Stead
6. KATX is a pinksheet with a great share structure, an ungagged T/A, pinksheets "Current" status and an OTC/BB shell BVIG purchased “ready” for either a reverse merger or a spin off of one or more properties into it
7. Our CEO Ken Stead is open and honest with his shareholders and has an excellent standing within the Canadian mining community
8. The company has recently appointed an upmarket Wall Street attorney firm called Gusrae, Kaplan, Bruno & Nusbaum that specialises in mergers, acquisitions and uplistings
9. Forward looking anticipation for the announcement of a JV with VALE for the Lucky and/orRusty Ridge copper and REE (rare earth elements) claims and a JV with Teck for the Handcamp and maybe even Twi-Lite gold, silver, copper and zinc claims
10. Forward looking anticipation for the announcement of a reverse merger or spin off utilising our recently purchased OTC/BB shell Bella Viaggio BVIG
The current PPS does not allow for the anticipated news indicated in all of the points above and as such KATX indicates a great potential investment IMO
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
You can also find a lot of DD compiled here: http://www.facebook.com/home.php?#!/pages/Kat-Exploration/283084523208?v=app_2373072738&ref=ts
IN SUMMARY, KAT EXPLORATION IS AN OUTSTANDING COMPANY THAT TAKES CARE OF SHAREHOLDERS AND IS MAKING A NAME FOR ITSELF IN THE MINING COMMUNITY.
Welcome to the Kat Exploration discussion board on iHub, where the DD is so good, its like getting tomorrow's news today!
-Biochemist2002
KATX & KAT Gold DD AS OF January 7, 2011
KAT EXPLORATION’S PRINCIPLE OBJECTIVE:
Quote:
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.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
Regarding the recent float reduction in the third quarter of 2010:
As per the Third Quarter Disclosure statement posted October 11, 2010, Kat Exploration reduced the float by ANOTHER 41,383,486 shares!
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37338
A quick geology tutorial video series produced by Riverside Resources, covering various sampling techniques, mapping, drilling & drill cores, and lab assays:
http://www.rivres.com/investor-centre/jm-geo-tutorial.html
Geophysics video: http://www.youtube.com/watch?v=f1GeNljM0T8&feature=related
Birdmanbob’s video tour: http://www.youtube.com/watch?v=FeoJuCqr1z8
Important recent news releases:
January 7, 2011: KATX to move to OTCBB, Adds 102 new claims to Rusty Ridge (RR), awaits further assays from RR hole 2, looks to engage new IR firm, provides update on Kat Gold share distribution.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377322.htm
December 23, 2010: KAT Exploration Inc. Drills Rare Earth Elements (REE's) at Rusty Ridge (RR). Announces partial results for RR hole 2 – elevated levels of REEs.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Drills-Rare-Earth-Elements-REEs-at-Rusty-Ridge-1373395.htm
October 13, 2010: Drilling Initiated on Rusty Ridge Property with Potential Iron Oxide-Copper-Uranium-Gold-Silver-Rare Earth Deposits
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=27
KAT Exploration, Inc. to Commence Drilling on Rusty Ridge Iron Oxide Copper Gold Property the week of October 11, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Commence-Drilling-on-Rusty-Ridge-Iron-Oxide-Copper-Gold-Property-1330693.htm
KAT Exploration Inc. to Drill Test IOCG Targets at Rusty Ridge (permits in, tenders called for)
http://www.marketwire.com/press-release/KAT-Exploration-Inc-to-Drill-Test-IOCG-Targets-at-Rusty-Ridge-1312722.htm
JEAP APROVAL
Kat Exploration Inc. would like to inform it shareholders that the company was approved for the “Junior Exploration Assistance Program”(JEAP) of $100,000.00 toward its phase one expenses on the Handcamp property. JEAP is a Government funding program whereby junior mining companies are awarded a maximum of $100,000/genuine drill program in which the project cost will exceed that amount.
http://katexploration.com/index.php?option=com_blog&view=comments&pid=17
HANDCAMP DRILL RESULTS FOR PHASE I
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Bella-Viaggio-Inc-Handcamp-Drilling-Intersects-Very-Encouraging-1309659.htm
KATX files paperwork to issue unrestricted shares
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Updates-on-1-to-4-OTCBB-Shares-Distribution-of-BVIGOB-1308380.htm
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of Directors and KATX expands Handcamp property AGAIN with 77 additional claims
July 29, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Welcome-Senior-Vice-President-Capital-Projects-Board-1297501.htm
KAT Exploration and Bella Viaggio, Inc. Updates Investors on Its Handcamp Drill Project (all drill holes thus far intersect mineralization)
July 22, 2010
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-Investors-on-Its-Handcamp-Drill-Project-1294326.htm
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties (Lots of copper and VISIBLE GOLD)
Jul 19, 2010 09:54 ET
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Cabot-Copper-Gold-Properties-1292069.htm
KAT Exploration and Bella Viaggio, Inc. Commence Drilling on Handcamp Gold Property
Jul 06, 2010 10:01 ET
http://www.marketwire.com/press-release/KAT-Exploration-and-Bella-Viaggio-Inc-Commence-Drilling-on-Handcamp-Gold-Property-1285962.htm
KAT Exploration and Bella Viaggio, Inc. Updates on Handcamp Geophysics and Drill Project
Jun 29, 2010 13:35 ET
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-on-Handcamp-Geophysics-Drill-Project-1283494.htm
KAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
Jun 16, 2010 09:50 ET
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
KAT Exploration Signs Three-Year Option Agreement Contract With Vale
Jun 11, 2010 10:00 ET
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
Be on the lookout for new filings:
DD Machine: http://www.ddmachine.com/
KAT Exploration Nevada Secretary of State filings:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=J8szY3FcAPHkNelvFsm4DA%253d%253d
KAT Gold Holdings Corp. Nevada Secretary of State filings:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Ji6hnCJCRNX541ZMO6c0Rg%253d%253d
Search for new filings on the SEC EDGAR system:
http://www.sec.gov/edgar/searchedgar/webusers.htm
KATX OTC filings:
http://www.otcmarkets.com/stock/KATX/financials
BVIG OTC filings:
http://www.otcmarkets.com/stock/BVIG/financials
Future Company Structure:
Initially, Kat Exploration (Pink:KATX) was to become two OTCBB companies, Kat Copper Holdings. (OTCBB:KATC) and Kat Gold Holdings (OTCBB:KATG). Kat Gold will become the parent company for Kat Copper, a subsidiary.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Distributes-1-4-OTCBB-Shares-BVIGOB-Provides-Update-on-Handcamp-1272825.htm
KATX shareholders as of record date July 16, 2010, are to get 1 share of Kat Gold per every share of KATX held on that date. Kat Gold Holdings has been purchased, but for the time being retains the ticker (OTCBB:BVIG) which belonged to the original company purchased. It may be changed to KATG in the future. I imagine Kat Exploration’s ticker (KATX) and name will be changed to Kat Copper (KATC) following the move to the OTCBB.
KATX properties: Rusty, North and South Lucky, Clifton, Colliers, Shaylee, Cabot, Twilite etc.
KAT Gold properties: Handcamp (Twilite may go to Kat Gold as they acquire the means to complete the purchase).
The company initially published a draft flow chart (below), but has since stated, it will make adjustments/changes.
Company Structure Flow Chart:
http://www.katexploration.com/Graphics/KATX-KATG%20Structure.pdf
Quote:
COMPANY FLOW CHART INQUIRES
In response to a number who have been inquiring as to how the flow chart on our website is structured, please be advised that we have been aware of some needed adjustments or tweaking for some time now and those adjustments will be made public in the very near future. Questions on the ‘Wholly Owned’ portion will be answered as mentioned in the near future as well. We wish to thank you for your patience and please continue to monitor this site and other news outlets for more information and updates on this and other company activities.
http://katexploration.com/index.php?option=com_blog&view=comments&pid=15&Itemid=0
One January 7, 2011, Kat Exploration announced:
Quote:
While much speculation has been raised as to why the delay in BVIG share distribution, the company wishes to assure its shareholders that we and our attorneys are working through the SEC rules and regulations in order to comply with all required filings. We realize that while many have been anxiously waiting for the distribution to take place, we ask for continued patience as the process for this procedure moves forward. We will inform shareholders when the distribution filing is approved by all regulatory institutions.
The company is also in the initial stages of filing a 15c211 in order to move Kat Exploration Inc from the Pink Sheets listing to that of the OTCBB. As progress moves forward with these filings further updates will be made available to shareholders and public.
The company is also in the process of engaging a full service Investor Relations firm to assist in its communication with shareholders and public alike.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377350.htm
Kat Gold Holdings (OTCBB: BVIG) share distribution info
Quote:
KATX Blog Update: Regarding the BVIG ¼ share distribution.
It has been brought to our attention that some unfounded rumor has been circulating with regards to the BVIG share distribution. The rumor that the distribution is on hold for an indefinite period of time is unfounded and therefore not true. About one month ago KATX had received 65m shares from BVIG which was a portion of the 161m shares for the Handcamp. At that time the authorized was just 70m shares for BVIG and therefore had to wait until we received approval for the increased authorized to take effect in order for BVIG to issue the remaining 96m to KATX. The authorized has now been approved and Monday 13th Sept our attorneys submitted supporting documents to the TA for the issuance of the remaining 96m to KATX. Upon receiving those remaining shares, KATX will then proceed with returning both shares certificates of 65m and the 96m back to the TA for Book Entry and the 1-4 distribution will take place. We appreciate the patience of all recipients of the 1-4 stock.
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=16
Quote:
Per the December 22, 2010 Kat Gold (OTCBB:BVIG) 8-K:
On June 4, 2010, pursuant to a purchase agreement (the “ Agreement ”) dated as of May 28, 2010 by and between BVIG and Kat Exploration Inc., a company organized under the laws of Nevada (the “ KATX”), BVIG acquired (the “ Acquisition ”) 100% of the mineral rights that KATX then held in and to “Handcamp,” a gold property located in the Province of Newfoundland and Labrador, Canada (the “ Property ”) from KATX in exchange for 161,000,000 (the “ Handcamp Shares ”) shares of its Common Stock. BVIG issued 65,000,000 Handcamp Shares to KATX on June 4, 2010; the remaining 96,000,000 Handcamp Shares were issued on September 14, 2010.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621865
The delivery of all 161 million Kat Gold (BVIG) shares to KATX were confirmed per the Kat Gold SC 13D filed December 22, 2010:
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7621698
What is the relationship between KATX and Handcamp?
How would KATX benefit from positive results on the Handcamp?
Here’s the plan: KATX explores Handcamp, gets great results, signs a JV or sells the property, and brings in money for BVIG/KATG, who in turn funds KATX (as their parent company), in order to do a very large drill program on the Cabot property(Copper/Gold), the Rusty Ridge(REE plus gold potential) and exploration on other properties...which in turn brings in more money to Kat Gold...and more money to fund KATX (and so on).
Now, let's take a look at the properties. I’ve “borrowed” from various sources and tried my best to cite each source. My thanks goes out to all the DD hounds in the KATX board.
List of current KATX & KATG claims:
does not include new Handcamp claims as of July 27, 2010
Thanks Rick-UK!
You can research these claims by going to this website and changing the various “layers” (ie. mineral rights, geophysics, geochemistry, etc.) : http://gis.geosurv.gov.nl.ca/resourceatlas/viewer.htm
You might try zooming in to get a closer look at the area highlighted in the red box below. You should be able to find all of our properties there. You can use the tools on the left and right-hand side to do a little research. You can also select claims and query the database for those claims.
HERE’S AN EDUCATIONAL ARTICLE ON WHAT ARE “GOOD” ASSAY RESULTS?
http://www.miningbasics.com/why-wait-drill-results-junior-mining-company
HOW TO READ AND CONVERT RESULTS TO UNDERSTANDABLE UNITS
ABOUT THE KATG PROPERTIES
SPEAKING OF THE HANDCAMP GOLD PROPERTY
High grade – Gold, Copper, Zinc , Lead & Silver.
Quote:
KAT Exploration, Inc. and Bella Viaggio, Inc. Handcamp Drilling Intersects Very Encouraging Gold Mineralization at Shallow Depths
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to announce that the drilling program at their Handcamp Project intersected very encouraging gold mineralization at shallow depths. Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width).
Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5 m (2.6 m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width). Three other holes (DDH-002, 003 and 005) also intersected strong gold mineralization over wide widths as shown in the summary table. The gold is typically accompanied by elevated silver, lead and zinc.
Results of the current exploration program indicate that the mineralized zone at Handcamp is outlined well by induced polarization geophysics. The current drilling program tested the mineralized zone for approximately 0.9 km along strike (trend) at 250m to 300m spaced intervals and to a maximum vertical depth of 200 m. DDH 012 is the southwestern most drill hole of the current program and is approximately 600m southwest of the main Handcamp showing. During the second phase of exploration, the mineralization in DDH 012 will be tested to depth and along strike to the northeast and southwest where the IP anomaly has been traced a further 500 m and remains open. Two other induced polarization anomalies subparallel to that delineating the Handcamp mineralized zone remain to be tested by diamond drilling. One, about 350 m to the northwest, has been traced for 1.2 km and remains open and the second is about 900m to the northwest, and has been traced for 700 m and remains open. The two anomalies are viable targets for testing in the second phase of exploration.
Trenching completed at four locations north and south of the Main Hand Camp prospect exposed disseminated sulphide mineralization in altered volcanic rock that contains anomalous gold, silver, lead and zinc concentrations over an approximate strike length of 600 m and over widths of up to 20 m in trenched rock exposures.
Ken Stead, President CEO, states, "The first phase of exploration, which included induced polarization geophysics, trenching and 1640m of diamond drilling in 12 drill holes, has now been completed on the Hand Camp Property. A second phase starting this fall is in planning and will include additional line cutting, induced polarization geophysics and diamond drilling. With data collected so far and the very encouraging results from this first phase, the company feels that this project warrants a full scale exploration program to determine the true significance of the deposit. With just four areas drilled at such wide intervals within such a large structure and the fact that we intersected gold in all 12 drill holes, we feel there is high potential for further encouraging results within this mineralized structure. Also the number of targets yet remaining to be tested outside this determined structure lends itself to a high degree of optimism that this project will be of great value to the company."
Geochemical analyses and assay data consistently and routinely return anomalous gold, silver, lead, zinc and copper values over considerable widths. As an added bonus the distribution of these elements is uniform in comparison to many gold deposits that are subject to the nugget effect enhancing the potential for the delineation of economic concentrations of polymetallic mineralization.
The Company's exploration work on the Handcamp Project is supervised by J. Wayne Pickett, M.Sc. P.Geo., a member of the Professional Engineers and Geoscientists of Newfoundland and Labrador and a Qualified Person as defined in NI 43-101. Mr. Pickett has verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Bella-Viaggio-Inc-Handcamp-Drilling-Intersects-Very-Encouraging-1309659.htm
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
You can read the interpretation of Handcamp Phase I results here (scroll down):
http://www.katexploration.com/index.php?option=com_blog&view=comments&pid=14
Quote:
Phase I Exploration Expenditures
Details of expenditures related to Phase I exploration aggregating approximately $392,000 are presented in Table II .
Phase II
The objectives of the next phase of exploration are: to test for further extension of mineralization related to the Handcamp mineralized zone; to drill test other targets already identified in the area; and potentially identify new ones as a result of geophysical, geological and geochemical surveys to be carried out on extensions of the existing grid. As part of Phase 2, a program has already been initiated to include 73km of line-cutting (completed), to be followed up by soil sampling, geological mapping, prospecting, IP surveys and diamond drilling (See “ Figure 4 ”). Soil sampling is to be completed on the extended grid in an effort to locate exploration targets for follow-up exploration. An IP survey will be completed as a priority along with follow-up prospecting and geological mapping on targets identified by the geophysical and geochemical surveys. Further trenching may be required in local areas to facilitate mapping. An enhanced drilling program (3,000m) is also planned that will include testing mineralization to the south where it appears to improve, as well as other targets identified from results of the geophysical and geochemical surveys already completed. It will also include holes to the north and west contingent on additional targets that may be identified by the induced polarization and soil geochemical surveys.
Further exploration beyond Phase II is contingent upon positive results from that phase. If warranted, a multi-phase exploration program will be carried out with the initiation of each new phase contingent on positive results from the previous phase. Continued positive results from the multi-phase exploration program would lead ultimately to a third party pre-feasibility study and production decision.
A total expenditure of $10M is anticipated to be required to implement all of the phases, with approximately $6.5M required in order to implement the next two phases of delineation drilling contingent on the success of Phase II exploration. Should any of the exploration phases prove unsuccessful at the Property, any financing raised for the execution of the work could be redirected to other projects under the direction of the Company. A budget outlining estimated costs for Phases 2 and 3 is presented below as Table III .
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
Handcamp Phase-II drilling grid displayed below:
Quote:
Based upon the Company’s [Kat Gold Holdings Corp.] present cash position, it will need to raise additional capital prior to December 31, 2010 in order to fund further exploration and acquisitions. The Company is in discussions with prospective investors to provide additional funding in exchange for equity. In order to finance further exploration and acquisitions, the Company will need to raise a minimum of $2.5 million…There are at present no specific plans to acquire properties from KATX.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7519490
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of Directors and expands Handcamp by another 77 claims
Quote:
Jul 29, 2010 10:25 ET
KAT Exploration and Bella Viaggio, Inc. Welcome "Senior Vice President of Capital Projects" to Board of DirectorsMOUNT PEARL, NEWFOUNDLAND--(Marketwire - July 29, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) (www.KATexploration.com) and Bella Viaggio, Inc. (OTCBB: BVIG) are very pleased to announce that J. Wayne Pickett has agreed to join the companies as a director and "Senior Vice President of Capital Projects." Mr. Ken Stead, CEO, commented that "on behalf of the board of directors, we are delighted to have someone with this caliber of a geological background to oversee all the company's projects as we move forward ever so rapidly." All present and future geologists along with field crews will work under the direction of Mr. Pickett.
Please check the link for Mr. Pickett's resume.
http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf
Also, on June 26th, 2010, 77 new claims were staked around the most Northern claims of the Handcamp property as more new discoveries have been found. This latest discovery is approximately 2 kms to the North of the main Handcamp showing and appears to be an extension of the latest north western anomalies recently discovered through Induced Polarization (IP). This mineralized zone contains very impressive massive sulfides and samples have been sent to the lab for gold and base metal analysis. No drilling or trenching has taken place in those new areas thus far but will be part of another drill phase as we continue to move the project forward.
See attached pictures.
Nine drill holes have been completed to date with all holes intersecting mineralization. Hole #7 tested the mineralized structure at 180 meters (612ft) down section and intersected mineralization over a width of 30 meters. This is extremely encouraging as we now know that, not only does the strike length of the mineralized structure continue for at least a minimum of 1400 meters and open at both ends, it has a minimum depth of 180 meters and also open at depth. With new mineralized structures being discovered to the west and far north, this increases the potential of the property significantly.
Results are beginning to be received from the lab and Jim Weick along with Wayne Pickett will begin the compilation of these results which will be published in an upcoming press release.
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Welcome-Senior-Vice-President-Capital-Projects-Board-1297501.htm
Quote:
KAT Exploration and Bella Viaggio, Inc. Updates Investors on Its Handcamp Drill Project
MOUNT PEARL, NEWFOUNDLAND--(Marketwire - July 22, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are very happy to inform shareholders of the ongoing first phase drill program on its Handcamp high grade Gold property.
To date six (6) holes have been completed with the seventh in progress. All six holes have intersected the mineralized zone as outline in soil sampling, Induced Polarization(IP) and trenching. The purpose of the holes was to test mineralization near surface and at depth.
All holes have been drilled at an azimuth of 110 degrees perpendicular to the northeast strike of the 1.4 km structural zone that hosts Hand Camp mineralization.
As the first two drill holes, DDH-001 and DDH-002 were located on the same setup on line 2+00 South approximately 50m west of the Main Trench Showing (Trench #1).
DDH-001 drilled at a dip of-45 degrees intersected mineralization from 68.0m to 79.0m for a total width of 11.0m (37.4ft).
DDH 002 completed at a dip of-65 degrees intersected mineralization from 93.0m to 102.5m a total width of 9.5m(32.3ft).
As the third drill hole, DDH-003 was drilled at a dip of-45 degrees on line with DDH-001 and 002, approximately 25m from the Main Trench as a check on the consistency of mineralization from surface to DDH-001 and 002. It intersected mineralization from 36.0m to 49.0m over a total width of 11.0m(37.4ft).
The fourth and fifth holes DDH-004 and DDH-005 were completed on the same setup approximately 200m north of drill line DDH-001, 002 and 003 approximately 25m west from the Main Hand Camp showing.
DDH-004 completed at a dip angle of-45 degrees intersected mineralization from 29.1m to 45m over a width of 18.9m(64.3ft).
DDH-005 drilled from the same setup at an angle of-65 degrees intersected mineralization from 39.4 to 82.6 a total width of 43.2m(146.9ft).
A sixth hole, DDH-006 recently completed at a dip angle of-45 degrees, 50m west of DDH-004 and DDH-005 intersected mineralization from 118m to 151m a total width of 33m(112.2ft) at a vertical depth of approximately 100m(340ft).
The seventh hole, DDH-007being drilled from the same setup at a dip angle of-65 has been designed to test for the continuation of this mineralization down dip at a vertical depth of approximately 120m (408ft)... at a greater vertical depth than all previous drilling.
Zone #1 where the first 3 drill holes took place still show that mineralization continues at depth and will require deeper testing to determine the true depth of this area of the structure.
Zone # 2, 200m north of zone #1, where the latest 3 drill holes took place, showed even greater width at greater depths and is now being tested by DDH-007 to see if the mineralization continues.
President/CEO Ken Stead commented "We are very pleased and excited with the drill program thus far and we look forward to the lab results determining the gold and base metal contents. One would have to understand the significances of these drills holes hitting mineralization at such depths and width, with already known gold showings on surface above the drilled areas. And taking into consideration the amount of mineralization discovered along with the limited amount of drilling in comparison to the known depth and 1400m strike length of the mineralized structure, lends itself to huge potential for the Handcamp property.
Mr. Stead further states, "Samples from most of the holes drilled thus far have been logged and sent to the lab with a request to expedite analytical results. We will let our shareholders and investment community know as soon as we have the results from the lab."
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-Investors-on-Its-Handcamp-Drill-Project-1294326.htm
FANTASTIC NEWS. Now we've hired another geologist/ geophysicist! Looks like Handcamp is going to be bigger than originally expected.
Quote:
KAT Exploration and Bella Viaggio, Inc. Updates on Handcamp Geophysics and Drill Project
MOUNT PEARL, NL--(Marketwire - June 29, 2010) -
...Due to the latest discoveries of several new very strong IP targets the company has decided to engage the services of another geologist and geophysicist to work along with Mr. R. James Weick on laying out a very constructive drill program. These discoveries have created a much bigger work load and latest trenching has uncovered extensive amounts of sulphides over a strike length of 700 meters.
Some of the bigger targets extend west of the grid and south of where the geophysics ended. Therefore, the company has decided to extend the latest geophysics in both of these areas as it was recommended by the geophysicist who did the interpretation of the first round of geophysics.
Ken Stead, President and CEO, stated, "The more work we do, the more new discoveries are being found, all of which causes us to take a serious look at other areas of the property too… it has been requested that the contractor leave his excavator on site because we feel very strongly that after the extended geophysics are completed there will be many other areas that will need trenching and quite possibly drilling."
Shareholders will be informed immediately upon the first turning of the drills.
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-on-Handcamp-Geophysics-Drill-Project-1283494.htm
NEW CLAIMS AS OF JULY 27, 2010! MUST BE EXPECTING EXCELLENT ASSAY RESULTS…
77 new claims around Handcamp posted today
http://gis.gov.nl.ca/mrinquiry/License.asp?License=017917M
Check out these some of these numbers on Handcamp(g Au/ton): 16.08, 31.38, 82.81, 94.10 158.0 g Au/ton
Quote:
KAT Exploration and Bella Viaggio, Inc. Commence Drilling on Handcamp Gold Property
MOUNT PEARL, NEW FOUNDLAND--(Marketwire - July 6, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration, Inc. (PINKSHEETS: KATX) and Bella Viaggio, Inc. (OTCBB: BVIG) are pleased to inform its shareholders & investment community that drilling on the Handcamp high grade gold property has begun today.
The first selected drill targets are taking place over the exposed outcrop known as the "Main Handcamp" showing, where channel samples generated a result of 7.1 g/t gold over 28ft along the surface.
The first series of three holes will be drilled at different intervals down depth. The next series also consists of three down depth holes two hundred meters south of the first drill holes. This is a new area that was discovered during the first round of an IP survey which coincided with gold anomalies in soils. The next series of holes will be in several areas to the north where IP, soils and trenching revealed strong anomalies near surface and at depth along with heavy mineralization in uncovered outcrops. This first phase of drilling will take place within a 1400 meter strike length of a very impressive gold bearing structure.
A second round of an IP survey will be carried out North West of the grid which is showing another large anomaly open to the west. This new target is very large and requires immediate testing to confirm the magnitude and size of the target.
Mr. Dean Fraser P. Geo and a geophysicist (RDF Consulting Ltd.) have been contracted to work with Mr. R. James Weick on the Handcamp project including the second round of geophysics.
President & CEO Ken Stead: "Over the weekend meetings with both geologists and geophysicist for a complete overview of the work thus far has demonstrated some new discoveries which has shed additional light on the potential of the Handcamp project. Like all companies, when a project gets to the stage of drilling, there is always a certain amount of apprehension and uncertainty as to what it will produce. However, the results of the ongoing work have strengthened our feelings to a much higher level of excitement and anticipation."
Qualified Persons
Mr. R. James Weick P. Geo & Mr. Dean Fraser P. Geo and a geophysicist, an Independent Qualified Person as defined by National Instrument 43-101 has reviewed the drill program, supervised the preparation of the scientific and technical information and verified the data supporting such scientific and technical information contained in this news release.
New photographs of the latest trenching have been added to the KAT Exploration website exposing large mineralized zones within the 1400 meters strike length [http://www.katexploration.com/handcamp_trenching.html ].
At certain stages of the drilling program, when results have been obtained from the lab contracted to analyze the drill samples, a press release will inform shareholders of those results.
http://www.marketwire.com/press-release/KAT-Exploration-and-Bella-Viaggio-Inc-Commence-Drilling-on-Handcamp-Gold-Property-1285962.htm
Quote:
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 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.
http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1193541.htm
Quote:
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 [see one digital plot below].
http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1124037.htm
Quote:
The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine…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…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 ( massive to simi-massive sulphides ). A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.
http://www.katexploration.com/properties.html
Quote:
According to CEO Ken Stead: “[Handcamp] 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."
Speculation:
Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.
What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada [see next three graphics].
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Here’s an Induced Polarization map for the latest Handcamp geophysics:
DON’T FORGET THAT KEN WAS SO IMPRESSED BY THE EXPLORATION RESULTS THUS FAR THAT HE ADDED TO THE PROPERTY:
http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm
Here's another possible Joint-Venture (JV) for Handcamp. Check out what the CEO says regarding Handcamp and Aur Resources:
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 3:54 PM
XXX,
Any mining company in the world would just love to get their hands on VMS, it really brings quite a bit of value to each ton of rock mined. Just to the south in the same belt of rocks that the Hand camp is in, is the "Duck Pond" VMS deposit but they do not have near the gold that we have.
Aur Resources Announces Development Decision for the Duck Pond ...
The Duck Pond deposit has proven and probable reserves of 4.1 million tonnes at an average grade of 3.3% Cu, 5.7% Zn, 59 g/t Ag and 0.9 g/t Au. ...
www.encyclopedia.com/doc/1G1-126132569.html
Ken
Quote:
From: birdmanbob4
To: Ken Stead
Sent: Wednesday, March 03, 2010 6:38 PM
Subject: Re: Hi Ken QUESTION ???
...I am wondering about the mines and companies close to us are they geared to process the other minerals as well like the copper and Zinc...or am I correct in my thinking that Vale has a Processing place on the mainland that is geared best for the "Multi Mineral" thing? ...In other where is the best place to take our dirt?...
The truth will set you free!
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: Re: Hi Ken QUESTION ???
To: birdmanbob4
Date: Wednesday, March 3, 2010, 4:11 PM
The Duck Pond refinery is best suited for this
Ken
If you're wondering how good the DD is on this board, perhaps check out investor911's DD on a possible deal with Vale, months before the actual deal: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
SPEAKING OF THE TWI-LITE PROPERTY
FYI:
Quote:
Dec 21, 2009 08:00 Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
MOUNT PEARL, NL--(Marketwire - December 21, 2009) - Kat Exploration Inc. ("Kat") (PINKSHEETS: KATX) http://www.katexploration.com
..."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.
http://www.marketwire.com/press-release/Kat-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Twi-Lite-High-Grade-Gold-1093875.htm)
Quote:
Twilite Gold Property
The Twi-lite property, lies along the western margin of the Botwood Basin, central Newfoundland, It is situated approximately 30 kms southwest of the Moosehead gold prospects and has similar potential for epithermal gold mineralization.
The two major structural elements within the survey area are NE-NNE and NW faults. These two directions are well represented within the Discovery showing and have been noted as being associated with gold mineralization. The regional depth calculations, carried out using the Source Parameter Imaging Technique indicates that two major “graben” type structures may occur within the area; one striking NW-SE along the Victoria Lake-Badger Group overlap and the other along the Badger Group-Botwood Group NE striking fault contact. Through the central portion of the area, immediately east of the Discovery showing, major N-S faults are evident on the processed magnetic maps. At the southern end these N-S structures control eastern boundary of the Victoria Lake Group and in the north they appear to form the eastern edge of the Lemotte’s Ridge Sequence.
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.)
http://www.katexploration.com/properties.html#2
KEN STEAD WAS SO IMPRESSED WITH THIS PROPERTY THAT HE RECENTLY ADDED TO IT:
Quote:
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.
http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm
ABOUT THE KATX PROPERTIES
SPEAKING OF THE LUCKY PROPERTIES:
Quote:
KAT Exploration Signs Three-Year Option Agreement Contract With Vale
MOUNT PEARL, NL--(Marketwire - June 11, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) ("KAT") is pleased to announce that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. ("VALE"), on its North and South Lucky copper properties on the Bonavista peninsula in eastern Newfoundland. Under the terms of the agreement, VEC has committed to an initial C$20,000 cash payment on signing and may elect to make further cash payments totaling C$75,000 over the three-year option period, and may elect to incur a minimum of C$750,000 in exploration expenditures within the option period to earn an 80% interest in the Lucky properties.
Upon VEC's exercise of the option, a joint venture will be formed to further develop the properties, with each party contributing to further approved exploration programs as per their interest. VEC will be the operator of the exploration programs during the option period.
The Lucky properties are in a geological setting with the potential for sediment-hosted stratiform copper (SSC) deposits. The Lucky properties have the potential to produce low-grade, large tonnage copper deposits similar to those of the Zambia copper belt.
Ken Stead, President/CEO of KAT, states, "The very fact that a company of Vale's caliber has enough interest in the area and sees enough potential in the Lucky properties to warrant an option with KAT, leaves us very excited. We are very pleased to be exploring these copper properties with Vale and look forward to bringing them to their full potential."
The Lucky properties are located on the Bonavista Peninsula in eastern Newfoundland, and are accessible by well-maintained roads, allowing for exploration programs to be carried out fairly quickly and comfortably.
Copper mineralization is quite visible in an old pit near a gravel road with impressive malachite staining along with chalcocite strata bound within the more sandy beds of the sediments with assay results of 2.5% Cu in the more concentrated areas. The most recent discovery was on our North Lucky property where well-disseminated chalcopyrite was found in exposed outcrop approximately 10km north of the South Lucky property.
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.
About VEC
VEC is a wholly-owned subsidiary of Vale, the world's second largest mining company by market capitalization, with its headquarters in Brazil. Vale is committed to the pursuit of sustainable growth by operating with respect for the natural environment and being an ethically and socially responsible company.
Jack Zwicker
KAT Exploration Inc.
Investor Relations
Ph 902-497-3188
jzwicker@katexploration.com
http://www.katexploration.com
http://www.marketwire.com/press-release/KAT-Exploration-Signs-Three-Year-Option-Agreement-Contract-With-Vale-1274884.htm
EMAIL FROM KEN STEAD RE: THE SIGNIFICANCE OF VALE DEAL
Quote:
Posted by: siljie Date: Saturday, June 12, 2010 9:28:00 AM
In reply to: None Post # of 61799
Email response from Ken for some insights:
My QSN: First of all, I'm excited that Vale is interested! Well done, and congratulations to all of us! The PR says that VALE has paid $20,000 (and possible 75,000 for extending this 3 yrs) to own the option to JV with KATX. If Vale chooses to spend at least .75 million for exploration costs, they then own 80% of the claims, and 20% stays with KAT. My first question is, what if Vales does not choose to do this, but chooses to exercise the option to JV, what kind of terms might we be looking at, and is it better for KATX to fund the exploration ourselves, prove up reserves and get a more valuable deal?
Ken's ANS: First off, the $20K & $75K is money that is paid at the beginning of each anniversary date is just to cover the cost of administration. No major company will pay much of anything until they are pretty certain there's something there. If Vale does not complete the 3 year deal and spend .75 million (which would take them to a feasiblity study so they know there's a deposit there) then the property returns to KAT 100%. The advantage KAT has is, VALE is building a $2.5 billion refinery just to the south of the Lucky properties and need copper for process. If there is a deposit there worth mining they will not sit on it as that’s their reason for working… in such an urgent way.
My QSN: 2ndly, why has KATX agreed to give up 80% of its interests in return for this sub-million exploration cost, the exchange appears vastly disproportionate? I am not knowledgeable on the mining industry, so I'm not sure if really the 80:20 will turn out to be a really balanced exchange eventually accounting for all associated costs etc (I don't know these). And/Or perhaps it is justified to significantly sweeten the deal for VALE for subsequent dealings to work out in our favour. Please give me some insights into these.
Ken's ANS: After the 3 year option is execised then comes a feasibilty study which would cost nothing less then $50 million to which Vale will have to pay 80% of the cost. If there is not an ecomomical deposit then we've saved our money and Vale has wasted its. Also, most deals like this for a smaller company like KAT might just stand the chance of only being able to retain a 2% NSR(net smeltering royality). A copper/silver deposit such as could possibly be on the Lucky property has the potential to be valued at $5 billion and much more. That being the case KAT owning 20% of the deposit would equal in value of $1 billion for KAT, which any company would be happy to own. Therefore 20% of an economical deposit has tremendous value for a company.
I sent this today around noon time Europe, and got a reply in 45min.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51220992
So how significant would that 20% be for us? Have a look at some of the deals these junior exploration companies worked out that made them worth BILLIONS: http://miningmarkets.ca/issues/story.aspx?aid=1000334564&type=Print+Archives
Now take a look at our Lucky properties.
Quote:
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 [COPPER]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.
http://ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
-graphic courtesy of Rick-UK
Read more here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326701
Oh yes, and:
Quote:
MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1
Here’s some data from previous work done on South Lucky (see whole report at http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch22/002C_0178.pdf ):
-Thanks to “homevendor” for finding this one.
NOTE: to convert ppm (parts per million) to percent (%) divide the ppm value by 10,000
SPEAKING OF THE RUSTY RIDGE PROPERTY:
Quote:
KAT Exploration Inc. Drills Rare Earth Elements (REE's) at Rusty Ridge
MOUNT PEARL, NL--(Marketwire - December 23, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration Inc. (PINKSHEETS: KATX) is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes completed at its 100% owned Rusty Ridge property. Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02.
Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole. Initial ICP analytical results indicated elevated lanthanum and cerium through several sections; these, along with other selected sections of the drill hole were sent for a complete suite of rare earth and associated elements. Results have been received for the upper section of the drill hole from 30 to 40.1m. The analyses indicate a 7.5m interval from 30.0 to 37.5m having elevated rare earth elements and zircon, returning a weighted average of 0.164% TREO (including yttrium) consisting of 0.113% LREO and 0.051% HREO (including yttrium). The results also returned 0.268% zirconium dioxide, 0.039% Nb2O5 (niobium oxide) and 0.022% rubidium. A table showing all analyses will be posted to our website in the near future. Additional samples are being analyzed for the rare earth and associated elements from other deeper sections of the hole and will be reported when received.
Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke.
Ken Stead, President/CEO, states: "We are very encouraged by the presence of rare earth element rich rocks at Rusty Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the grades improve. While there is much work yet to be carried out to determine the significance of this discovery, we feel we are in the very early stages of a most interesting project."
The property will be re-examined in light of potential for additional rare earth element mineralization. Further testing of the main Rusty Ridge zone as well as other targets including strong IP (Induced Polarization) anomalies, some of which are coincident with gravity anomalies, will be considered.
The property is located near roads, seaports and power infrastructure, improving the economics of any mineral deposits found.
Rare earth elements reported were analyzed by Acme Labs in Vancouver using their Group 4B analytical method, which produces accurate analyses of the rare earth and associated elements.
The Company's exploration work on the Rusty Ridge Project is supervised by Barry A. Sparkes, B.Sc. (Hons.), P.Geo. and J. Wayne Pickett, M.Sc. P.Geo., both members in good standing of the Professional Engineers and Geoscientists of Newfoundland and Labrador. Mr. Sparkes and Mr. Pickett have verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
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.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Drills-Rare-Earth-Elements-REEs-at-Rusty-Ridge-1373395.htm
FYI:
TREO = Total Rare Earth Oxides
LREO = Light Rare Earth Oxides
HREO = Heavy Rare Earth Oxides
Read more about Rare Earth Elements (REEs) here: http://en.wikipedia.org/wiki/Rare_earth_element
Quote:
January 7, 2011: ...results have been received from the upper 50m of the 334m of hole #2 [see Dec 23rd PR]...the remainder of the selected sections sent for analysis...may still be a couple more weeks before results are received.
Another 102 new claims have been staked around the original Rusty Ridge claims in order to protect the area for future exploration.
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Update-on-Company-Events-1377350.htm
Screen shot of the new staked claims record (below):
http://gis.geosurv.gov.nl.ca/resourceatlas/viewer.htm
and here's the "claims inquiry" and description:
http://gis.geosurv.gov.nl.ca/mrinquiry/license.asp?license=018404M
Drill Targets:
Historical Info on Rusty Ridge:
Quote:
MOUNT PEARL, NEWFOUNDLAND--Cornerstone Capital Resources Inc. (CDNX - CTP) has received the results of a 3-D magnetic inversion completed on data over a portion of the Ken's Mountain magnetic anomaly on the South Princess property. The work had been undertaken to further investigate the potential for iron oxide-copper-uranium-gold-silver-rare earth deposits in the area...
Further work in 2001 showed the Ken's Mountain area to exhibit several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-rare earth deposits, particularly deposits in Australia. The most striking characteristic is the fact that the 12 X 4 km magnetic anomaly in the Ken's Mountain area [a.k.a. “Rusty Ridge”] is adjacent to the Charlottetown Fault, a major regional structure. The South Princess area rocks developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world's largest iron oxide type deposits...
http://www.marketwire.com/press-release/Cornerstone-Capital-Resources-Inc-Exploration-Update-South-Princess-Property-381714.htm
Quote:
Jun 16, 2010: ETKAT Exploration Initiates Drilling Program on Rusty Ridge IOCG Property
MOUNT PEARL, NL--(Marketwire - June 16, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration is pleased to inform its shareholders and investment community that a deep drilling program on its Rusty Ridge Iron Oxide, Copper & Gold (IOCG) property is being initiated in order to test two major Induced Polarization (IP)/Magnetics targets. Application for drilling has been submitted to Newfoundland Department of Mines & Energy to carry out the work.
A Canadian geological firm with much experience in the Olympic Dam type deposits have been contracted to carry out the project under the direction of our present geologist Mr. James Weick.
The Rusty Ridge targets have been identified by an airborne survey and ground geophysics which can be viewed on KAT's website.
The coincidental magnetic IP resistivity and soil geochemical anomalies suggests potential for a body of Iron Oxide +/- Base, Precious and Rare Earth Element type mineralization, similar in style and settings to the giant Olympic Dam deposit in Australia.
The presence of a large magnetic body that appears to be intrusive into the overlying rock sequence that appear regionally altered, are variably pyritic and contain vein type fluorite mineralization and appears to suggest a magnetic origin for the mineralization.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam were not only detected in soils but also in rock samples as well in our Rusty Ridge property. In addition, the soil geochemistry also produced anomalies in silver, gold & copper.
President and CEO Ken Stead stated, "This project will be very significant for the growth of the company if the defined targets at depth prove to be a multi-mineral ore body similar to that of the Olympic Dam, or any deposit for that matter. We know the targets are very intense and now we are ready to prove what they are by means of a series of deep drill holes."
Shareholders and Investors will be kept up to date as this drill project moves forward…
http://www.marketwire.com/press-release/KAT-Exploration-Initiates-Drilling-Program-on-Rusty-Ridge-IOCG-Property-1277037.htm
SO WHY IS RUSTY RIDGE SO SPECIAL?
From: http://emg.geoscienceworld.org/cgi/reprint/11/1-4/125
~Thanks to stocksgonewild
Quote:
MOUNT PEARL, Newfoundland, June 15, 2009 (GLOBE NEWSWIRE) -- Kat Exploration (Pink Sheets:KATX - News; http://www.katexploration.com/) is pleased to announce that exploration on it's "Rusty Ridge"(IOCG) property was highly successful in identifying coincidental magnetic IP resistivity and soil geochemical anomalies that 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… A recently completed 3D inversion modeling [shown below] 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 significant 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. Other rare earth elements such as 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 property has already generated a lot of interest from mining companies and is being offered as a Joint Venture (JV) project.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2
Here’s some work that’s been done on the “South Princess” property and “Ken’s Mountain Grid” …NOTE “Ken’s Mountain Grid” is our Rusty Ridge property:
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch7/NFLD_2859.pdf
http://gis.geosurv.gov.nl.ca/geofilePDFS/WBox035/NFLD_2821.pdf
http://gis.geosurv.gov.nl.ca/geofilePDFS/ReceivedBatch19/NFLD_2779.pdf
http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf
~Thanks goes out to birdmanbob4 (BMB), PJ (Godsend), Homevendor, and the rest of the crew over at the bird’s nest for finding a lot of this information. You can find more of their DD here:
http://www.facebook.com/home.php?#!/pages/Kat-Exploration/283084523208?v=app_2373072738&ref=ts
AH, ISN’T SHE BEAUTIFUL!
Thanks to Rick-UK for the pic (http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52067122)
Here’s some data points from exploration on the South Princess Property:
Quote:
New information about Rusty Ridge and Shaylee
Here's some new stuff about the Rusty Ridge / Shaylee area. A little while ago I noted that there were some claims north of Rusty Ridge from some other companies. In fact they weren't registered under a company name but that of an individual. Anyway, I did some digging and found his email address and sent him an email. He replied and we struck up an email conversation. I now know who he is, what his company is called and what his company are doing up there.
The company is called Cache Exploration. Here's the map:
Cache Exploration is searching for... Rare Earth Elements (REE)! They are organising further exploration on their claim this summer, led by a top level, award winning independent geologist and university academic. They must be confident too, because on 10th May they doubled their claim size. I also had a chat about them with our CEO Ken Stead. He knows that area well because he has already explored it and is confident that we have the best claims staked already.
So what is important about this? To my mind what is important is that Cache Exploration believe there is enough value in that area from REE deposits alone. We have our copper at Rusty Ridge and we knew that there are REE deposits up there, but this additional DD adds to the circumstantial evidence that the REE value could be immense.
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50549449
Cache recently quoted Kat Exploration’s Rusty Ridge property in their June 18, 2010 Press Release, and are apparently following our lead:
http://www.cacheexploration.com/news/2010-news/57-cache-expands-louil-hills-rare-earth-property.html
Recent Aerial Survey of Rust Ridge…notice the “rusty” ridge:
SPEAKING OF THE CABOT PROPERTIES (VISIBLE GOLD!)
Cabot Property Brochure: http://katexploration.com/Graphics/properties/kate/Cabot%20Brochure.pdf
Quote:
KAT Exploration Inc. Announces Option Agreement to Purchase 100% of the "Cabot" Copper/Gold Properties
July 19, 2010. KAT Exploration Inc. is pleased to announce that it has completed the signing of an option agreement with PNL Ventures Ltd, and Weyburn Investments Limited, for the Cabot properties, consisting of 138 claims in five separate licenses, located on the Baie Verte peninsula, Newfoundland.
KAT has agreed to acquire a 100 percent interest in the Cabot properties over a five-year period in consideration of total cash payments of $560,000, which includes a payment of $40,000 on signing and the remaining $520,000 over the remainder of the agreement. The agreement also includes a stock issuance of 3,000,000 shares, with 150,000 shares to be issued upon signing and the remaining 2,850,000 over the remainder of the agreement.
KAT also agrees to allocate minimum expenditure of $1.2 million over the five year term of the agreement and complete a National Instrument 43-101 on the Cabot properties.
If upon completion of a feasibility study of the Cabot Properties, KAT will pay a further four million shares, whereby it will then have earned 100% of the five licenses which make up the Cabot properties.
PNL Ventures Ltd, and Weyburn Investments Limited, will also retain a 2.5% NSR [Net Smelting Return] in which KAT Exploration has the right to purchase 1.5% of the 2.5%NSR for a total amount of $3.5 million.
Kat Exploration will be the operator of the project during the option period.
The Cabot properties are located on the Baie Verte Peninsula which is one of Newfoundland's most historic and prolific mining districts. Down through the years the Baie Verte peninsula alone has be host to numerous Copper, Gold and Massive Sulfide deposits. The "Tilt Cove" mine, the "Rambler" mine and the "Bretts Cove" mine to name just a few were all massive sulfide deposits. The "Deer Cove" mine, the "Nugget Pond" mine and the still operating "Pine Cove" mine were/are gold deposits.
The "Cabot Property," with its significant new Copper/Cobalt/Gold discoveries, is a prime example that tremendous potential still remains for new discoveries in this prolific mining region.
The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.
One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.
Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain."
http://www.marketwire.com/press-release/KAT-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Cabot-Copper-Gold-Properties-1292069.htm
http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/Prop_for_option-copper-zinc/cabot.pdf
Oh yeah, and we CAN drill in the winter!
SPEAKING OF THE SHAYLEE PROPERTY
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.
Quote:
Shaylee is a region of volcanic rock traversed by numerous faults which early indications appear to indicate contain high levels of copper. Even less is known about Shaylee than about Twi-Lite. Shaylee sits adjacent to and very nearly abutting Rusty Ridge, and was an area that Ken and Tim Stead have only very recently claimed on 11 February 2010, although they had explored the area beforehand. Shaylee has two very interesting copper anomalies, the first 1km long by 75m wide and the second 200m long by 50m wide. It’s proximity to Rusty Ridge means that KAT Exploration can include further exploration at Shaylee into its plans for exploration at Rusty Ridge, and this precisely what our CEO Ken Stead intends to do. What I also think is interesting is the idea that KAT Exploration could potentially find a JV partner for Rusty Ridge but retain the mineral rights at Shaylee, then piggyback off the work carried out at Rusty Ridge to add further value to KATX shareholders. Just an idea!
The image below shows Rusty Ridge to the right (three claim areas together) and Shaylee to the left…
--courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
SPEAKING OF THE COLLIERS PROPERTY
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.
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New: Here is something new for you – at least actually it’s old, but not everyone will have seen it. It’s a 38 page PDF document on the Colliers property prepared by an independent Geologist called Rod Churchill of Altius Resources in October 2006. Lots of great detail and well worth the read: http://r.b5z.net/i/u/10049316/i/REPORT_ON_PROPERTY_EXAMINATION.pdf
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Don’t forget the MASSIVE CLIFTON AREA we recently added just south of the Lucky Properties. AND WE’RE EXPECTING A “FAIRLY QUICK AND EXTENSIVE” EXPLORATION PROGRAM IN LATE SPRING AND EARLY SUMMER!
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MOUNT PEARL, NL--(Marketwire - March 17, 2010) - KAT Exploration Inc. is pleased to announce that it has staked 346 new claims of approximately 125sq KM over impressive copper discoveries in the southern portion of the Bonavista peninsula, south of its Lucky properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a favorable area where the geology, sub-aerial mafic and felsic volcanic rocks are the same as that hosting its Rusty Ridge (IOCG) property.…
Large brecciated, hematitic felsic volcanic rocks permeate the southern portion of the new claims creating the same type of environment found on the Rusty Ridge property allowing for the same high potential of another Iron Oxide, Copper-Gold (IOCG) discovery.
With copper demands on the rise worldwide, KAT feels it important to have a well stacked portfolio of copper properties that would generate significant interest from major copper producers
With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer.
http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm
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Clifton Property:
Clifton is a brand new claim area for KAT Exploration and by far our largest, reaching a whopping 124sq kilometres in size – that is a huge area and quite costly to claim and to maintain that claim (to keep a claim active, a certain amount of exploration activity must occur within a specified period, else the claim lapses).
Clifton lies south of the Lucky claims and appears to share a lot of the same underlying geology. It also has great accessibility. Our CEO Ken Stead has said that the company will carry out further exploration of this new claim area in the late spring or summer.
New: Part of the recent JV between Cornerstone and VALE was for Cornerstone’s claim to the north of Lucky and next to the VALE claims that surround Lucky. What I don’t think anyone except me has realized is where the other part of that JV is for. It’s for Cornerstone’s claims that lie just south of our Clifton claim. So VALE are JV partnering in the Clifton area as well as in the Lucky area. I hope you like that new piece of DD!
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
Could we be getting an Option Agreement or JV with VALE on the Clifton Property as well? In my opinion, it is very likely.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55150695
HISTORY OF SHARE STRUCTURE REDUCTIONS:
As per the Third Quarter Disclosure statement posted October 11, 2010, they reduced the float by ANOTHER 41,383,486 shares!
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37338
2,000,000,000 shares were retired January,14 2010
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Kat Exploration Inc. 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.
http://www.marketwire.com/press-release/Kat-Exploration-Retires-and-Eliminates-2-Billion-Shares-From-Treasury-1101927.htm
Retired an additional 300,000,000 on January 19, 2010:
Quote:
KAT Exploration Inc...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.
http://www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm
and then…
Quote:
XXXXX,
That is correct, we saw fit to remove approx.. another 8 MILLION shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.
K Stead
NOW, HOW ABOUT FINANCING?
Quote:
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.
http://www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1102443.htm
and from Ken Stead’s email:
Quote:
From: Ken Stead <kstead@katexploration.com>
Subject: XXX
To: XXX
Date: Wednesday, March 31, 2010, 2:39 PM
XXX,
...All the 504 stock has been sold in to the market already and it was not to a single investor in the state of Wisconsin but to 12 over a period of 2-3 months. Our DTC sheets confirms there is no one holding any significant Kat stock at all.
Ken
Quote:
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.
http://ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html
KAT Exploration new BIG TIME law firm:
Quote:
Legal Counsel
Gusrae, Kaplan, Bruno and Nusbaum, LLC
120 Wall St.
11th Floor
New York, NY 10005
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx
KAT Exploration’s HIGHLY EXPERIENCED GEOLOGIST, Mr. R. James Weick:
VIEW HIS STELLAR RESUME HERE: http://www.katexploration.com/news/Geologist_Resume.pdf
And now, Mr. Dean Fraser P. Geo and a geophysicist (RDF Consulting Ltd.) have been contracted to work with Mr. R. James Weick on the Handcamp project including the second round of geophysics.
AND now Wayne Picket makes the third geologist on staff. He’s also on the board of directors and the Senior Vice President of Capital Projects. View his resume here:
http://www.katexploration.com/PressReleases/Wayne%20%20Pickett%20Resume%202010.pdf
VIEW DD ABOUT MR. DEAN FRASER HERE: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52021462
FYI, MORE DD FROM RICK-UK
Quote:
The Company
KAT Exploration is managed by brothers Ken and Tim Stead who have excellent tracks records and experience and between them own a controlling interest, making for a very safe and trustworthy investment. KATX is a fully reporting pinksheet with “Current” status on pinksheets.com [soon to be KATG (OTCBB) and KATC (OTCBB)]…
Why might KATX PPS increase in value?
Junior exploration companies are worth pretty much nothing at all until they find file a claim, analyze what’s in the ground and file their NI 43-101 to prove it. Most exploration companies would be over the moon with just one good claim, but KAT has six [now more]! Not only that, but early sample analysis from Handcamp suggests KAT is sitting on an incredible amount of gold and recent activity around Lucky not only show the same thing for copper, but also hint strongly at a JV partnership with a world leading mining company VALE, who have staked massive claims around Lucky at a cost of roughly $1m in the first year. VALE would not be willing to spend this money if they weren’t seriously excited about Lucky, and Ken Stead “cannot comment” on whether he’s in discussions with them, and we all know what that means… KAT Exploration is therefore something out of the ordinary.
One year ago an exploration company called US Gold (UXG) were in a similar position to where KAT is now, with a similar share structure. They were trading at around 0.30 and were waiting on the results of test drilling so they could file their 43-101. Within weeks of filing their 43-101 the PPS went from 0.30 to $1.20 and a few months later hit $3.00. UXG’s best results were 2.9 g/t Au. By comparison, KAT’s initial sample analysis indicates 158g/t Au, 94g/t Au and 82g/t Au. Not only this, but as well as Handcamp, KAT has Lucky and four other claims as well. If UXG can hit $3.50 there is absolutely no reason why KAT cannot hit $4 OR MORE if we get a DOUBLE announcement – a 43-101 for Handcamp and a JV with VALE for Lucky.
It's very common for these type of companies to go from a few cents to multiple dollars on great drill results alone. This is because the NI 43-101 basically confirms exactly how much gold is in the ground and how much it's worth. So there’s no need to actually be mining it to make this stock go up, once people know exactly what they are sitting on and what it's worth, this will shoot up accordingly to reflect that.
We have seven claim areas, two of which look to have massive amounts of gold, three of which look to have massive amounts of copper and at least one appears to have massive amounts of silver. So when you factor in all of the properties and the potential JV with VALE, this company "could" be worth quite a bunch of money. I expect KATX to continue a steady rise with spikes on good new until the test drill program is complete and the NI 43-101 compliant report is filed for Handcamp, or until a JV partnership is announced.
KATX has a relatively small O/S and a very tight float for a junior exploration company (they usually have to keep issuing more and more shares to stay afloat whilst they explore, claim, prove up and sell their claims, taking several years to do so and diluting all the time to keep in the game). KATX has the funding and the CEO has stated that dilution in the future will only occur if there’s a positive reason to do so, ie a JV partnership. In a recent statement, the CEO has also said that he intends to take either KAT Exploration itself or possibly a spin off company containing certain of the claim areas off pinksheets and onto another exchange or market. We do not have a timescale for this but the assumption has to be “within the next few months”.
Call to Action
Look at the list of recent events and draw your own conclusions, but I believe KATX to be a once in a lifetime investment opportunity. This is a fully reporting pink with an open, transparent, communicative CEO and fantastic announcements imminent. It’s all there in terms of the provable DD and to my mind it’s a complete no brainer once you’ve done the research. Here’s where to go:
• Post from Er0ck about KATX valuation and the Handcamp gold opportunity: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46213134
• Post from Investor 911 about the Lucky/VALE JV partnership: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
• KAT exploration website: http://www.katexploration.com
• KATX iHub site: http://investorshub.advfn.com/boards/board.aspx?board_id=15632
• Pink Sheets listing: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=katx#getQuote
• Gusrae, Kaplan, Bruno & Nusbaum website: http://www.gkblaw.com/
• VALE Inco website: http://www.inco.com/
• Anaconda Mining website: http://www.anacondamining.com/
• Teck Resources Ltd website: http://www.teck.com/
• Marketwire for press releases and news: http://www.marketwire.com
• Wikipedia entry for Olympic Dam: http://en.wikipedia.org/wiki/Olympic_Dam,_South_Australia
• Wikipedia entry for rare earth elements: http://en.wikipedia.org/wiki/Rare_earth_element
Top Ten Key Points
1. Two properties (Handcamp and Twi-Lite) returned very high and widespread g/t for gold in initial sample analysis. Handcamp’s soil analysis is now completed and has confirmed high levels of gold plus copper and zinc as well. Drilling has commenced in May and completed results will be filed in June, with some results likely to be seen beforehand
2. Another property (Lucky) has recently had VALE (the world’s 2nd largest mining company) staking every piece of land around it and our CEO Ken Stead can neither confirm nor deny whether he is in JV discussions with VALE, but he’s added substantially to the claim area and has met VALE at the recent PDAC conference in Toronto
3. A further property (Rusty Ridge) has been likened by an independent geologist to Olympic Dam – the world’s 4th largest copper mine and the consensus is that this property may turn out to be the most valuable of all KAT’s claim areas. Ken Stead has indicated to a shareholder who visited the KAT Exploration stand at the PDAC conference that Rusty Ridge has generated a lot of interest from mining companies looking for potential JV partnerships with junior explorers. [June 10th PR confirms Vale signed option agreement with potential for JV]
4. Up to five years funding is now in place ($1m now, up to $5m if conditions are met), which means that the company has the capital it needs to claim new areas and to prove up existing areas without the need to raise more money. This also means that share dilution is unlikely, unless to cater for a large JV partnership (ie good dilution). Finally it means that a savvy investor who may well be party under NDA to more information than us thinks that KATX is a good purchase
5. A number of mining companies have requested talks with KAT at the PDAC in Toronto from March 7-11 and events following this have included the appointment of an attorney to the BOD and an announcement of a potential uplisting from the CEO Ken Stead
6. KATX is a pinksheet with a great share structure, an ungagged T/A, pinksheets "Current" status and an OTC/BB shell BVIG purchased “ready” for either a reverse merger or a spin off of one or more properties into it
7. Our CEO Ken Stead is open and honest with his shareholders and has an excellent standing within the Canadian mining community
8. The company has recently appointed an upmarket Wall Street attorney firm called Gusrae, Kaplan, Bruno & Nusbaum that specialises in mergers, acquisitions and uplistings
9. Forward looking anticipation for the announcement of a JV with VALE for the Lucky and/orRusty Ridge copper and REE (rare earth elements) claims and a JV with Teck for the Handcamp and maybe even Twi-Lite gold, silver, copper and zinc claims
10. Forward looking anticipation for the announcement of a reverse merger or spin off utilising our recently purchased OTC/BB shell Bella Viaggio BVIG
The current PPS does not allow for the anticipated news indicated in all of the points above and as such KATX indicates a great potential investment IMO
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084
You can also find a lot of DD compiled here: http://www.facebook.com/home.php?#!/pages/Kat-Exploration/283084523208?v=app_2373072738&ref=ts
IN SUMMARY, KAT EXPLORATION IS AN OUTSTANDING COMPANY THAT TAKES CARE OF SHAREHOLDERS AND IS MAKING A NAME FOR ITSELF IN THE MINING COMMUNITY.
Welcome to the Kat Exploration discussion board on iHub, where the DD is so good, its like getting tomorrow's news today!
-Biochemist2002
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