KAT Exploration Inc (KATX)

[BigBadWolf]

Posted by: Doubloon Date: Tuesday, November 17, 2009 10:56:03 PM
In reply to: None Post # of 1712 [Send a link via email]
Kat Exploration (KATX) Research notes 11/18/09

Properties

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. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver.

Rusty Ridge Property
Anomalies that suggest potential for a body of iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia. Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.

Handcamp Gold Property
Assay results from the Handcamp property have given a wide range of gold values such as 53.3 g/t Au with over 2oz silver/ton. A number of grab samples assayed 20 g/t,94 g/t, with one grab reportly as high as 158.9 g/t. Both lead and zinc of up to 2% are also from these same samples. A previous drill hole encountered .39oz of gold over 7 feet, with visible gold been panned from a recently trenched outcrop. Kat Exploration owns 60 claim block surrounding the main Handcamp gold showing and has a work program in place for the immediate spring that will see prospecting, some trenching and diamond drilling over high priority areas.


Shaylee
The Shaylee copper mineralization is in a rock cut on the Bunyon's Cove road. The mineralization is approx 75m wide and continues to the shoreline approximately 1km and consists of stringers of native copper, Chalcocite and Malachite staining. Continuing along the road approximately 200m, there is another copper zone containing Chalcocite and Malachite. This showing is approximately 50m wide

South Lucky Copper
The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. More ground work is planned for the Northern portion of the property in the upcoming season.


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Persons owning more than five percent (5%) of the issuer's securities.
Ken Stead 8,868,616
Tim Stead 8,514,877
James Matheson 8,396,356

From The new Transfer Agent
O/S 197,020,624
Float: 100,070,153

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Investor Relations

Ken Stead CEO

709-368-9223

http://www.katexploration.com/