This makes a good re-read after seeing today's action--and China's interest in affecting the value of Gold---
Results for the 593 soil samples from the Handcamp gold property which were submitted to Actlabs in Ontario, Canada for Gold and base metal analysis have been received.
Of the 593 samples submitted, an amazing 239 samples have tested positive for gold. These samples are now being plotted on grid maps from in-house but will also be contracted to an independent geologist for plotting as well. These results will be plotted digitally so they can be posted to Kat's website for investor viewing. These soil samples were taken from a 44 line km grid totaling a 2sq km radius.
Ken Stead, President/CEO, stated, "While soil samples are a great tool for identifying mineral anomalies underneath the overburden, if not done right the samples could show a negative response. The fact that the taking of these soils was contracted out can cause a company to be a little nervous, in the case that the proper care is not taken to get the 'B' horizon soil which contains the most abundant of minerals unlike the 'A&C' horizons."
"However, we are extremely pleased with the results which in turn show that the contractor who collected the soils did a good job. While the company was expecting good results, we never imagined that gold would show up in such a large number of samples. Just from a quick review of the results of the larger gold numbers, it is obvious that there are other areas on the property hosting significant gold and base metals."
The remaining, approximately 800 soil samples from this 44 line km grid within the 2sq km's are now being prepared for immediate transporting to the lab for analysis.
The first 150 soil samples revealed a very strong gold anomaly 400 meters south of the high grade gold showing posted on Kat's website. These latest results will no doubt aid in extending the strike length of the already discovered high grade gold areas. Some of the latest 593 samples were sent from areas over 600 meters from the high grade zones, which demonstrate the significance of how widespread gold is throughout the property.
The final batch of soils will help fill in the gaps between some of the areas that have not been tested for gold and help identify areas of any significant size.
As soon as results are received from the remaining 800 soil samples, we will notify the public of the results, and these too will be digitally plotted by an independent geologist in order to have them posted to the website.
On behalf of the company we would like to say that "we are very excited over the fact the each phase of work on the Handcamp property only adds to its potential in a most positive way."
AI
