Theres no way for us to speculate what the values in the ground would or could be with out test drilling. Even if we knew what the average g/t was right now, the other important factor is the "reserve" which is how much of the metal total is expected to be in the ground. So even if we knew we were going to have massive amounts of gold per ton, we wouldnt have any idea what the value would be until we know what the reserve is. If we had high gold per ton and a small reserve, it wouldn't be worth very much.
So far, our surface samples for gold have shown massive amounts of it on Handcamp. Our high was 158 grams per ton, with other finds in the 90s all the way down to the 30s. For perspective, a decent gold mine that is making a profit on mining usually only needs 2 or 3 grams per ton to make money.
It's also worth noting our properties are made up of mostly volcanogenic massive sulphide deposits of the felsic nature, which are know for their high quality, high tonnage and big reserves. This type of deposit is also not all that tough or costly to extract from what I have seen, so the cost of getting it out of the ground should be pretty low compared to other types of deposits. I would expect our mines, or most of them, to be of the open pit type.
It's also worth noting, that these type of deposits tend to go pretty deep down, and tend to increase in gold per ton as you go down until you reach the end of the vain. So that should mean, and what is really exciting, is the fact that we have already found so much gold on the surface, there could be much more, at possibly even higher levels in the ground. In anycase, we should have some pretty stunning gold numbers in the drill samples on Handcamp that would not make this a good, or decent mine, but a top of the line mine.
And then theres Twilite, which we have found gold numbers as high as 202 in surface samples....
Our copper properties are a bit different as you can get a pretty good, though very rough idea of the copper from a magnetic fly over, which we have done. Right now it appears we have massive copper deposits that run for miles and are as thick as 300 feet in places. Due to the type of deposits there in, this is the same type of set up which typically produces massive tonnage of copper that can take 10 or 20 years to fully mine. We have also shown very high levels of copper in surface rocks and soil samples too whcih further indecates it.
Bottom line is, KATX has some very amazing properties that are far better looking right now that any of the mining companies around us had. A single one of our copper properties could end up being worth 10s of millions if not 100s of millions in total once fully mined. And our gold properties could be worth as much as well.
Right now we got 4 amazing properties that could be worth massive amounts of money and could be top of the line gold and copper properties. Lucky, Rusty Ridge, Handcamp and Twilite. We also as I am sure you know just staked a massive new property which is many many times bigger than our previous current property which could be an incrediable property.
As noted above, we wont know the ture value of any of these properties until we test drill them. Once they release a NI 43-101 tech report which will list all the key numbers, then we will have a very clear value as to what they would be worth. Considering the amazing results so far, the chances of at least one of these properties being a AAA mine worth millions and millions is very very very good. The change of a few of these being AAA mines is also good too. The chance of none of these panning out is very very very low.
So there you have it. Thats as best as we can do right now, but considering there have been lots of mining companies that are very interested in our properties, we are not the only ones here that think we might have something special.
"The Good"
