Just wanted to add a few things to your post real quick to try and put things in more perspective. They talk about hopefully getting the test drilling on Handcamp done by summer or at the latest fall. This of course did not happen. They also talk about Rusty Ridge a good bit too and about wanting to drill on that and maybe debating on which property they test drill on first.
They have confrimed that Handcamp is their main priority for 2010. So any work done on Rusty Ridge will be done after they do everything they need to do to Handcamp. It's quite clear that as soon as they get the money they will be test drilling Handcamp and doing a reserve report on the property. They already have targets for test drills on Handcamp that they selected 6+ months ago as well.
As noted in your post, he talks about Anaconda Mining, which is spitting distance away from Handcamp. Whats important about Anaconda isn't the fact that it's another mining company that happens to be close by. Whats important is the fact that they actually have and own a full gold processing facility on site. This is very attractive because if they decide to partner up with KATX, it would be very easy and cheap because any mining they do on Handcamp could be processed on Anaconda's place right down the road. This would make for a very quick turn around and allow KATX to get the gold to market even faster which would in turn allow them to make more money. Of course there are other mines in the area as well which could also be possible JV canadates. On top of that, KATX is not a lone gold property here, but instead is one of many gold properties in a very rich area. The big differece is, KATXs Handcamp gold property is a higher quality, much more rare type of gold deposit, and appears to have far more gold there as well.
All in all things are very exciting for us right now. Based on everything said recently, I believe they already have financing in place to start the test drills on Handcamp, and will be starting those in the very near future. It would not surpise me what so ever if KATX got the money for the test drills by signing a JV with one or more mining companies in the area. So far the results at Handcamp taken with the rare type of VSM gold deposit that it is, would be more than enough for another company to go ahead and sign a JV deal with them. Whether this has happened already yet or not I don't know, but it wouldn't surpise me at all if it did. And all this is just about Handcamp, they still have Rusty Ridge which looks to be an epic copper deposit as well as the new twi-lite gold property that also has had some major gold sample results of 202 gpt. That is even higher than the highest yet found at handcamp.
I expect sometime in the next 2 weeks to hear the full details on their financing status and I believe they will be annoucing not only that they got money for the test drills, but that they will be starting them as well.
"The Good"
