KAT Exploration Inc (KATX)

[Rick-UK]

"We originally staked cliam to this area, altough a much smaller part, back in Dec, which means we have probably done chip samples and soil samples on it already and saw great results which is why they mostlikely decided to greatly expand this whole area many times over."

That original claim in Dec wasn't us. The parcel of land 01735M that adjoins the areas claimed yesterday by KAT and the Steads was claimed on New Years Day (for some reason) by a guy called Dennis Walsh. Do we know if this man is anything to do with KAT? There are several possibilities. Perhaps he has nothing to do with us and the fact that his claim is adjacent to ours is purely coincidental. Or maybe Ken met him at the PDAC and saw his chip and soil samples and bought the claims on that basis. We don't know at this stage. What I do think though is that it is a very big claim, which it is therefore unlikely Ken would've staked if he wasn't fairly sure something was there. Maybe he's done a deal with this guy Walsh.