KAT Exploration Inc (KATX)

[Drago757]

COPPER IS THE ANSWER HERE FOLKS(LIFE CHANGING STUFF)!!!!


UPDATED KATX DD AS OF MAY 26, 2010

For those who might wonder what is KAT EXPLORATION’S PRINCIPLE OBJECTIVE, check this out:

Quote:
About Kat Exploration Inc

Kat Exploration's principal objective is to locate, stake, prove up and sell mineral properties to major mining companies. It is the Company's objective to take advantage of increased activity to generate numerous joint venture clients, and sales of our existing and yet to be acquired properties.

http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2



Now, let's take a look at the properties and then look at some of the other fairly recent developments with the company. I’ve “borrowed from various sources and tried my best to cite each source. My thanks goes out to all the DD hounds in the KATX board.

SPEAKING OF THE HANDCAMP GOLD PROPERTY

High grade – Gold, Copper, Zinc , Lead & Silver.

Check out these some of these numbers on Handcamp(g Au/ton): 16.08, 31.38, 82.81, 94.10 158.0 g Au/ton



AND THEN THERE’S THE NEWER FINDINGS:

Quote:KAT Exploration Discovers up to 5840 PPB of Gold in Soil Samples and 31.4 g/t Au in Outcrop at Handcamp Gold Property
MOUNT PEARL, NF--(Marketwire - March 1, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com --
KAT Exploration is pleased to release the results of 1457 soil samples received from Actlabs in Ontario, Canada for Gold and base metal analysis. The results have shown several very impressive anomalies over certain sections of the grid which encompass less than one quarter of the overall property. Soil samples have been digitally plotted by an independent geologist on grid maps that can be viewed at KAT's website www.katexploration.com under the "Handcamp" Property.
To the SE portion of the grid lies a very strong, distinct anomaly of Zinc stretching for over 900m X 300m that would no doubt warrant intense follow up.
To the West and NW portion of the grid is a very large cluster of Copper anomalies extending beyond the western boundary of the grid . This is also very exciting as it leaves the door open for more discoveries. off the grid, yet still on the Handcamp property.
Of most interest to the company and importance to the property is the extent of Gold throughout the western, central and NE parts of the grid. In all three sections where high gold results are located in soils, rock samples have verified gold in the underlying outcrops with the central portion of the grid being particularly impressive, where soil results were as high as 5840ppb Au with 31.4 g/t Au in outcrop underneath this same area…
These main anomalies extend as much as 1 km (1000 meters) from the high grade zones where the first phase of drilling will take place. This demonstrates the significance of how widespread gold and base metals are throughout the property.

http://www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1193541.htm



Quote: KAT Exploration is pleased to release the results of 1457 soil samples received from Actlabs in Ontario, Canada for Gold and base metal analysis. The results have shown several very impressive anomalies over certain sections of the grid which encompass less than one quarter of the overall property. Soil samples have been digitally plotted by an independent geologist on grid maps that can be viewed at KAT's website www.katexploration.com under the "Handcamp" Property [see one digital plot below].

www.marketwire.com/press-release/KAT-Exploration-Discovers-up-5840-PPB-Gold-Soil-Samples-314-g-t-Au-Outcrop-Handcamp-1124037.htm





Quote:The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine…Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m…Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au. along with excellent Zn, CU, Ag numbers ( massive to simi-massive sulphides ). A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.
http://www.katexploration.com/properties.html



So, what is the significance of sericite schist?

Quote:...Although not generally utilized commercially, deposits of schist may be a valuable commodity if they contain gemstones or metal ores. For instance, talc and mica schists in Upper Egypt have been mined for emeralds for thousands of years and have benefited various people and civilizations throughout history, including the ancient Greeks and the famous Egyptian queen Cleopatra…

Found in various locations, one of the best known examples of quartz-sericite schist occurs in Canada, where it is a source of economically important gold deposits.
http://www.olympusmicro.com/galleries/polarizedlight/pages/schistquartzsericitesmall.html



Quote:According to CEO Ken Stead: “[Handcamp] is just south of the new gold processing facility which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also."

Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.

What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada [see next three graphics].






-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084



AND THE DRILLING IS ABOUT TO BEGIN!!!

DON’T FORGET THAT KEN WAS SO IMPRESSED BY THE EXPLORATION RESULTS THUS FAR THAT HE ADDED TO THE PROPERTY:

http://www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm

SPEAKING OF THE LUCKY PROPERY:

VALE surrounds our Lucky Property and just signed a Joint Venture (JV) with Cornerstone with their property just northeast of our TWO Lucky properties:

Why is this a BIG deal? Could we be next?

Look at our Lucky properites.

Quote:MOUNT PEARL, Newfoundland--(BUSINESS WIRE)--Kat Exploration (OTC-Pink Sheets: KATX) is happy to report that its exploration program carried out this summer on its 100% wholly owned “Lucky” Property has been a real success.

Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approximately 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu [COPPER]were discovered in the most exposed areas within this horizon. The most recent work uncovered several large areas of semi-massive to well disseminated chalcopyrite approximately 4 miles on strike from the open pit which reveals the highest copper grades to date.

This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt.

To secure an area of interest the company recently staked 1225 acres of new land mass where some recent grab samples produced copper results of .5% along with anomalous gold.

More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.

In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.

ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html



AND JUST WHEN WE THOUGHT THE LUCKY PROPERTY COULDN’T GET ANY BETTER:

Quote:MOUNT PEARL, NL--(Marketwire - January 27, 2010) - Kat Exploration Inc. (PINKSHEETS: KATX) has been busy uncovering new copper showings on its 100% wholly owned "Lucky" Property with very impressive malachite and chalcocite discovered in its latest trenching.

The trenching took place within the same horizon where recently discovered copper returned results of up to 2.5% CU [COPPER] strata bound within the more sandy beds of the sediments.

As digging was most difficult in the shattered rock zone, the trench was only excavated to approximately [B]2 meters with copper throughout the entire trench[/B] and continues at depth as the mineralized horizon containing the copper is up to 300 meters in places throughout the property.
Each new copper discovery on the "Lucky" property lends itself to significantly boosting its potential to a higher likelihood of acquiring a JV partner.

In recent months, the area where the "Lucky" property is located has drawn the interest of a major world class mining company [VALE INCO]and Kat will continue to bring both the North and South "Lucky" properties to their full potential.

The type of environment where the "Lucky" property is located has the potential to produce low grade, large tonnage copper deposits similar to those found in the Zambia copper belt.

www.marketwire.com/press-release/Kat-Exploration-Reports-Additional-Copper-Find-on-Its-Lucky-Property-1107944.htm




-graphic courtesy of Rick-UK

Read more here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326701

IN ADDITION, WE’VE RECENTLY ADDED MORE CLAIMS TO THE LUCKY PROPERTY! AND WE’RE EXPECTING A “FAIRLY QUICK AND EXTENSIVE” EXPLORATION PROGRAM IN LATE SPRING AND EARLY SUMMER!

Quote:MOUNT PEARL, NL--(Marketwire - March 17, 2010) - KAT Exploration Inc. is pleased to announce that it has staked 346 new claims of approximately 125sq KM over impressive copper discoveries in the southern portion of the Bonavista peninsula, south of its Lucky properties in the Clifton area in eastern Newfoundland.
The company is very excited to be able to lay claims over such a favorable area where the geology, sub-aerial mafic and felsic volcanic rocks are the same as that hosting its Rusty Ridge (IOCG) property.…
Large brecciated, hematitic felsic volcanic rocks permeate the southern portion of the new claims creating the same type of environment found on the Rusty Ridge property allowing for the same high potential of another Iron Oxide, Copper-Gold (IOCG) discovery.
With copper demands on the rise worldwide, KAT feels it important to have a well stacked portfolio of copper properties that would generate significant interest from major copper producers
With great accessibility to many areas of these claims by way of woods roads, it allows the company to carry out a fairly quick and extensive exploration program in late spring and early summer.
http://www.marketwire.com/press-release/KAT-Exploration-Stakes-Large-Land-Package-Over-Copper-Discoveries-1133269.htm



AND NOW VALE HAS ADDED NEW CLAIMS…JUST ABOVE THE VALE-CORNERSTONE JOINT VENTURE CLAIMS!!! Check out the proximity to our Lucky Claims.



Oh yes, and:

Quote:MOUNT PEARL, Newfoundland, July 2, 2009 (GLOBE NEWSWIRE) – Kat Exploration Inc. is pleased to announce its "Lucky" Property is ready for drilling.

http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2778940824.html?x=0&.v=1



SPEAKING OF THE RUSTY RIDGE PROPERTY:

We’re expecting some more work on Rusty Ridge this summer:

CEO Ken Stead on recent activity on Rusty Ridge and the Shaylee

Quote:… we have made a few new and unexpected discoveries on the RR [Rusty Ridge] during our last period of sampling so we will continue with a summers program of the same and spend some time on the Shaylee right next door.

Ken



Oh, and we’ve been ready for drilling since June 15, 2009:

Quote: Kat Exploration Announces 'Rusty Ridge' (IOCG) Property Ready for Drilling

http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2



SO WHY IS RUSTY RIDGE SO SPECIAL?

Quote:MOUNT PEARL, Newfoundland, June 15, 2009 (GLOBE NEWSWIRE) -- Kat Exploration (Pink Sheets:KATX - News; http://www.katexploration.com/) is pleased to announce that exploration on it's "Rusty Ridge"(IOCG) property was highly successful in identifying coincidental magnetic IP resistivity and soil geochemical anomalies that suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia… A recently completed 3D inversion modeling [shown below] of the airborne magnetic data show a discreet, strong magnetic anomaly underlying the Rusty Ridge area. Coincidental with this are moderate to strong IP chargeability anomalies that suggest either graphite or significant concentrations of sulphides. Graphite can be for the most part eliminated as the rocks are terrestrial, not marine meaning that conductive argillaceous rocks would not be expected in this environment.
Anomalous levels of the Light Rare Earth Elements (LREE) cerium and lanthanum, all present in Olympic Dam (and others), were not only detected in soils but also in rock samples. Other rare earth elements such as Yttrium(Y), Niobium(NB), Zirconium(ZR) along with Uranium, were all detected in both soil and rock samples. In addition, the soil geochemistry also produced anomalies in silver, gold and copper.
The host rocks for most of the mineral occurrences and the unit overlying the most intense portion of the magnetic anomaly is a brecciated, hematitic felsic volcanic rock, locally with veins of purple fluorite and disseminated pyrite.
This property has already generated a lot of interest from mining companies and is being offered as a Joint Venture (JV) project.
http://finance.yahoo.com/news/Kat-Exploration-Announces-pz-2721659684.html?x=0&.v=2



AH, ISN’T SHE BEAUTIFUL!



Quote:New information about Rusty Ridge and Shaylee

Here's some new stuff about the Rusty Ridge / Shaylee area. A little while ago I noted that there were some claims north of Rusty Ridge from some other companies. In fact they weren't registered under a company name but that of an individual. Anyway, I did some digging and found his email address and sent him an email. He replied and we struck up an email conversation. I now know who he is, what his company is called and what his company are doing up there.

The company is called Cache Exploration. Here's the map:



Cache Exploration is searching for... Rare Earth Elements (REE)! They are organising further exploration on their claim this summer, led by a top level, award winning independent geologist and university academic. They must be confident too, because on 10th May they doubled their claim size. I also had a chat about them with our CEO Ken Stead. He knows that area well because he has already explored it and is confident that we have the best claims staked already.

So what is important about this? To my mind what is important is that Cache Exploration believe there is enough value in that area from REE deposits alone. We have our copper at Rusty Ridge and we knew that there are REE deposits up there, but this additional DD adds to the circumstantial evidence that the REE value could be immense.

-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50549449



Quote:MORE FROM RICK-UK ON THE RECENT VALE/CORNERSTONE JV:: I'd like to add a little about the Bonavista Peninsula area, and particularly about VALE, Cornerstone and KAT Exploration. To set the scene, I'm first going to quote a post by warant made to the BVIG board...

---

I will give a little info on some things without getting to exact as to conversations with whom or when. First of all was not on all of KATS properties as I am no longer in NEWF and they have new properties. I was always in contact with Ken over the years.The properties that VALE is interested in is all the Bonavista area even beyond. Cornerstone, Noranda and others over the years visited these properties, and they all think that their is a major copper resource somewhere,but they need time and money to find it. Those properties around Bonavista area, Me, Ken,other friends of Ken, would fish in the Lakes in the area and Ken would talk about what is here and what is there; you know buddy talk. One of those friends I talked to a few days ago,had a conversation with a group from VALE, down doing some work on the agreements they signed with CGP, and they like what they saw, but man this copper belt goes for miles and it is a layered deposit.If I remember correctly Ken said that this belt went for hundred of miles; up and then down like a snake, low grade but high tonnage.( this conversation was years ago). Ken always knew that there was copper there so did anyone else you go in the country side to fish or pick berries you could see signs of it everywhere. Another time I remember we were looking over a map for where we we going to go trouting on the weekend and Ken pointed out a steam on the map in the area; Ken said I panned that stream one time looking for sign's of gold all I got was a pan full of copper. LOL we all laugh and said he should get some and make some spinners for trouting.
Vale is looking for copper and they are JV everything in the area to try and find it.
-warant

---

OK so now I'm going to quote from Cornerstone's recent press release about their JV partnership with VALE...

---

Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announces that it has signed an option agreement with Vale Exploration Canada Inc. ("VEC"), a wholly-owned subsidiary of Vale S.A. (NYSE-VALE) ("VALE"), respecting its Red Cliff and Deer Harbour copper properties in eastern Newfoundland. VEC will make an initial payment of C$25,000 and has committed to a minimum first year expenditure of C$165,000. Thereafter, VEC may elect to make further cash payments totaling C$75,000 over the first two years of the option and incur additional exploration expenditures totaling C$2,850,000 over three years in order to earn a 60% interest in the properties. The parties will then form a joint venture to further explore and develop mineral resources on the properties, with each party contributing to approved exploration programs as per their interest. VEC will operate the exploration programs during the option period in consultation with Cornerstone.

"We are extremely pleased to be working with Vale on these copper projects," said Colin McKenzie, Cornerstone's President & CEO. "Cornerstone has been exploring for copper in this area since the company's inception, and VEC's recent interest through its own claim staking and optioning of our properties confirms our view of the potential of this environment to host significant copper deposits".

The Red Cliff and Deer Harbour properties are located on the Bonavista Peninsula in eastern Newfoundland, approximately 270 road km west of St. John's. Collectively the properties comprise 181 mineral claims (45.25 km2) with potential for sediment-hosted stratiform copper (SSC) deposits.

SSC mineralization on the Bonavista Peninsula was first recognized by Cornerstone in late 1999 occurring in red and grey bed sequences of the Late Neoproterozioic Crown Hill Formation. Exploration work carried out on the Red Cliff property between 2000 and 2005 included geological mapping and prospecting, detailed stratigraphic and petrographic studies, geochemistry and geophysical surveys, and diamond drilling (9 holes totaling 1,596 m). This work resulted in the discovery of a number of new copper showings, the most significant being the Blue Point prospect in the northeast part of the property. Continuous chip sampling across the reduced mineralized zone and portions of the lower and upper red beds at Blue Point returned 0.54% Cu and 7.2 g/t Ag over 25.5 m, including 0.93% Cu and 13.02 g/t Ag over 13.5 m. In 2001 and 2002, the southwest strike extension of the Blue Point zone was drill tested, with two holes intersecting significant copper grades including 0.8% Cu and 7.7 g/t Ag over 9.69 m in hole RC-01-01 and 1.0% Cu and 12.1 g/t Ag over 14.25m in hole RC-01-02. Although other holes encountered narrower and weaker mineralized zones, the drilling confirmed very good continuity and thickness (30-37m) in the favourable reduced units which have been tested only over 3.5 km of their approximately 20 km total strike length.

The Deer Harbour claims located approximately 65 km south of Red Cliff cover a number of SSC copper showings hosted in similar reduced members of the Crown Hill Formation. Outcrop grab samples from the copper showings generally return between 0.1 and 1.6% Cu. The showings have received only limited prospecting, and none have been drill-tested.

Dr. Jon Thorson, Cornerstone's consulting geologist and expert on SSC deposits, sees many favourable comparisons between the Red Cliff area and the prolific Central African Copperbelt, also of Late Neoproterozoic age. Given the existing level of exploration, Cornerstone feels the area continues to hold good potential for discovery of a significant SSC deposit.

This press release was prepared by Terry Brace, P.Geo., Cornerstone's VP Exploration and a Qualified Person in accordance with National Instrument 43-101.

---

As I said in my summary of DD on 18th May, one of the two properties that Cornerstone is JV'ing with VALE is just north of the VALE claims that surround Lucky, but the other one is just south of our new, massive claim Clifton. Take a look at the map below. You will see where the two claim properties are that Cornerstone have JV'd with VALE in relation to KAT Exploration's properties and also in relation to the underlying bedrock which VALE appears so interested in and which appears to potentially yield very large quantities of low grade copper. Clifton could be massive for us.

-courtesy of Rick-UK
http://investorshub.advfn.com/boards/replies.aspx?msg=50506697



SPEAKING OF THE TWI-LITE PROPERTY

Quote:Dec 21, 2009 08:00 Kat Exploration Inc. Announces Option Agreement to Purchase 100% of the "Twi-Lite" High Grade Gold Property
MOUNT PEARL, NL--(Marketwire - December 21, 2009) - Kat Exploration Inc. ("Kat") (PINKSHEETS: KATX) www.katexploration.com

..."We are very pleased to have the Twi-Lite property as part of our gold portfolio. It provides us with greater opportunity to expand our position as a real gold player. The company's field crews will now build on past work and examine high priority targets which offer excellent potential for the discovery of new gold mineralization.

"Our management team believes that Twi-Lite is a highly prospective property based on strong exploration results to date, its favorable geology and strategic location," said Ken Stead, President and CEO of Kat Exploration.

www.marketwire.com/press-release/Kat-Exploration-Inc-Announces-Option-Agreement-Purchase-100-Twi-Lite-High-Grade-Gold-1093875.htm)



Quote:Twilite Gold Property
The Twi-lite property, lies along the western margin of the Botwood Basin, central Newfoundland, It is situated approximately 30 kms southwest of the Moosehead gold prospects and has similar potential for epithermal gold mineralization.
The two major structural elements within the survey area are NE-NNE and NW faults. These two directions are well represented within the Discovery showing and have been noted as being associated with gold mineralization. The regional depth calculations, carried out using the Source Parameter Imaging Technique indicates that two major “graben” type structures may occur within the area; one striking NW-SE along the Victoria Lake-Badger Group overlap and the other along the Badger Group-Botwood Group NE striking fault contact. Through the central portion of the area, immediately east of the Discovery showing, major N-S faults are evident on the processed magnetic maps. At the southern end these N-S structures control eastern boundary of the Victoria Lake Group and in the north they appear to form the eastern edge of the Lemotte’s Ridge Sequence.
Some results to date:
The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold).
The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t).
The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t).
The Paddy’s Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t.)

www.katexploration.com/properties.html#2



KEN STEAD WAS SO IMPRESSED WITH THIS PROPERTY THAT HE RECENTLY ADDED TO IT:

Quote:MOUNT PEARL, NL--(Marketwire - February 8, 2010) - KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com would like to inform its investors that it has secured areas of interest around its Handcamp and Twi-lite properties.

The company thought it very important to stake the land packages around both these properties as gold is becoming the main interest amongst exploration companies today.

A total of 5,311 acres was staked around our Handcamp property along with 5,805 acres around the Twi-lite property.

This will now allow the company to carry out larger exploration programs in both these areas in a quest to extend the present gold discoveries.

www.marketwire.com/press-release/KAT-Exploration-Secures-Large-Land-Packages-Around-Its-Handcamp-Twi-lite-Properties-1113751.htm






SPEAKING OF THE SHAYLEE PROPERTY

Shaylee
Rock Types: Sericite schist derived from felsic volcanic and epiclastic sedimentary protholiths. The region is traversed by numerous faults, most of which are high-level brittle features. The most notable of these are the Charlottetown, Salmon Brook and Platter Cove Faults and the unnamed structure that defines the western boundary of the Love Cove Group. Some of these may represent brittle reactivation of earlier, more fundamental structures. 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.



OH YES, AND DID I MENTION, THAT WE CAN EXPECT MORE WORK DONE ON SHAYLEE THIS SUMMER?

Quote:...we have made a few new and unexpected discoveries on the RR [Rusty Ridge] during our last period of sampling so we will continue with a summer program of the same and spend some time on the Shaylee right next door.

Ken



Quote: Shaylee is a region of volcanic rock traversed by numerous faults which early indications appear to indicate contain high levels of copper. Even less is known about Shaylee than about Twi-Lite. Shaylee sits adjacent to and very nearly abutting Rusty Ridge, and was an area that Ken and Tim Stead have only very recently claimed on 11 February 2010, although they had explored the area beforehand. Shaylee has two very interesting copper anomalies, the first 1km long by 75m wide and the second 200m long by 50m wide. It’s proximity to Rusty Ridge means that KAT Exploration can include further exploration at Shaylee into its plans for exploration at Rusty Ridge, and this precisely what our CEO Ken Stead intends to do. What I also think is interesting is the idea that KAT Exploration could potentially find a JV partner for Rusty Ridge but retain the mineral rights at Shaylee, then piggyback off the work carried out at Rusty Ridge to add further value to KATX shareholders. Just an idea!

The image below shows Rusty Ridge to the right (three claim areas together) and Shaylee to the left…


--courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084



SPEAKING OF THE COLLIERS PROPERTY

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. The occurrence consists of an old working with a 90 foot (27 m) shaft. Malachite stains are abundant on the surface of the host rock. copper Mineralization also occurs in the subaerial mafic volcanic rocks as occurrences which usually contain one or more of native copper, chalcocite, chalcopyrite, covellite and bornite in veins, amygdule fillings, disseminations and shear zones. This deposit was documented as early as 1868, and other than the 27m shaft this deposit has never been drilled off leaving much unknown about the source and amount of contained copper and silver within this deposit. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver.



Quote:New: Here is something new for you – at least actually it’s old, but not everyone will have seen it. It’s a 38 page PDF document on the Colliers property prepared by an independent Geologist called Rod Churchill of Altius Resources in October 2006. Lots of great detail and well worth the read: http://r.b5z.net/i/u/10049316/i/REPORT_ON_PROPERTY_EXAMINATION.pdf
-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084



Quote:Clifton Property:

Clifton is a brand new claim area for KAT Exploration and by far our largest, reaching a whopping 124sq kilometres in size – that is a huge area and quite costly to claim and to maintain that claim (to keep a claim active, a certain amount of exploration activity must occur within a specified period, else the claim lapses).

Clifton lies south of the Lucky claims and appears to share a lot of the same underlying geology. It also has great accessibility. Our CEO Ken Stead has said that the company will carry out further exploration of this new claim area in the late spring or summer.

New: Part of the recent JV between Cornerstone and VALE was for Cornerstone’s claim to the north of Lucky and next to the VALE claims that surround Lucky. What I don’t think anyone except me has realised is where the other part of that JV is for. It’s for Cornerstone’s claims that lie just south of our Clifton claim. So VALE are JV partnering in the Clifton area as well as in the Lucky area. I hope you like that new piece of DD!



-courtesy of Rick-UK
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50326084



HISTORY OF SHARE STRUCTURE REDUCTIONS:

2,308,000 shares have been retired since January, 2010

Quote:Kat Exploration Inc. would like to inform its investors that it has retired and eliminated 2,000,000,000 shares from its treasury of authorized shares which was originally 3,030,000,000 shares. The new amount of authorized shares is 1,030,000,000 shares.
www.marketwire.com/press-release/Kat-Exploration-Retires-and-Eliminates-2-Billion-Shares-From-Treasury-1101927.htm



Quote:KAT Exploration Inc...has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
www.marketwire.com/press-release/KAT-Exploration-Retires-Additional-300-Million-Shares-Engages-New-Consulting-Group-Dual-1103663.htm



AND MORE RECENTLY

Quote:XXXXX,
That is correct, we saw fit to remove approx.. another 8 MILLION shares from the I/O which were restricted stock from within. They were restricted and would have come open at the end of may. Just a goodwill gesture toward investors.

K Stead



Quote:January 19, 2010…This is expected to be the last change in capital structure to complete the portfolio of growth and ventures the company will be pursuing, barring any major joint ventures that may be pursued.



NOW, HOW ABOUT FINANCING?

Quote:KAT Exploration has secured funding for up to $5 million. The funding contract GUARANTEES $1 million over the next 6 months and the remaining $4 million to be delivered upon agreements within the contract being achieved over the course of the following 6 months of no specific date. The funding is to provide operational support for Kat for at least the next 5 years. The funding was secured with 50,000,000 restricted shares.

Kat Exploration has retired its previously executed REG-D 504. There are no REG-D 504 offerings, warrants or options in place to date.

www.marketwire.com/press-release/Kat-Exploration-Secures-up-5-Million-Funding-With-50-Million-Restricted-Shares-Retires-1102443.htm



AND IF YOU’RE WONDERING HOW KAT EXPLORATION PLANS TO FUND OPERATIONS:

In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.

ca.news.finance.yahoo.com/s/23112009/34/biz-f-business-wire-kat-exploration-report-recent-discoveries-its-lucky-property.html

SINCE THEN KAT EXPLORATION HAS TAKEN SEVERAL MAJOR STEPS:

Quote:KAT Exploration believes that significant valuation will come from its Handcamp property and are exploring options for the company placing itself or selected properties on the Over the Counter Bulletin Board (OTCBB) market. The OTCBB market is a much respected market that will allow for KAT Exploration to be considered a more serious investment and gain broader coverage as the company believes it deserves. Shareholders can expect updates on this forward movement in the near future.
http://www.marketwire.com/press-release/KAT-Exploration-Accepts-Drill-Contract-Tender-From-Cabo-Drilling-Drill-15-Holes-1200-1166277.htm



THIS IS NOT A TYPICAL “UPLIST” RUMOR. FILINGS SHOW KEN STEAD (KATX CEO) HAS ALREAY PURCHASED THE OTCBB SHELL (BVIG) FOR APPROX. $300,000.

SEE THE FILING HERE: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7227300

KAT Exploration has also hired a new BIG TIME law firm:

Quote:
Legal Counsel
Gusrae, Kaplan, Bruno and Nusbaum, LLC
120 Wall St.
11th Floor
New York, NY 10005
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=katx



KAT Exploration has also hired a new HIGHLY EXPERIENCED GEOLOGIST:

VIEW HIS STELLAR RESUME HERE: http://www.katexploration.com/news/Geologist_Resume.pdf

FYI, MORE DD FROM RICK-UK

Quote:The Company

KAT Exploration is managed by brothers Ken and Tim Stead who have excellent tracks records and experience and between them own a controlling interest, making for a very safe and trustworthy investment. KATX is a fully reporting pinksheet with “Current” status on pinksheets.com.

• A/S = 700m with 500m maximum for common issuance (reduced recently from 3bn and no dilution will occur unless required for a JV with a mining company)
• O/S = 601,603,644
• There are 330m restricted shares
• Float = 311m (we can assume a lot of these are now in strong long hands)
• The company has zero debt
• The T/A is ungagged

Recent Events

• January 5th KAT meets pink sheets requirements and achieves “Current” status
• January 14th KAT massively reduced its A/S from 3bn to 1bn
• January 15th KAT secured $5m investment to fund operational support for the next 5 years
• January 19th KAT reduced its A/S from 1bn to 730m, appointed private independent consultants and announced its intention to dual list on an Asian exchange
• January 27th KAT discovers significant amounts more copper at its Lucky site
• February 1st KAT publishes “very exciting” gold results from initial sample analyses from Handcamp and promises completed sample analyses will be shown in full on the website in the near future. PR here
• February 8th KAT adds over 5,311 acres to its claim at Handcamp and 5,805 acres to its claim at Twi-Lite and states will be exhibiting at PDAC in March. PR here
• February 11th Ken Stead states in an email that he has “several mining companies” requesting to meet him at the PDAC conference in March. PR here
• March 1st KAT publishes the final test results for Handcamp and they are considerably better than expected, showing extensive deposits of gold, copper and zinc. PR here
• March 4th KAT announces appointment of a corporate attorney to the Board of Directors. PR here
• March 15th KAT calls tenders for bids from drilling companies for the Handcamp test drilling. PR here
• March 17th KAT claims a huge new area of 124sq kilometres south of the existing Lucky claim. PR here
• April 5th KAT accepts drilling bid from Cabo Drilling and announces drilling will commence second week in May. PR here


Why might KATX PPS increase in value?

Junior exploration companies are worth pretty much nothing at all until they find file a claim, analyse what’s in the ground and file their NI 43-101 to prove it. Most exploration companies would be over the moon with just one good claim, but KAT has six! Not only that, but early sample analysis from Handcamp suggests KAT is sitting on an incredible amount of gold and recent activity around Lucky not only show the same thing for copper, but also hint strongly at a JV partnership with a world leading mining company VALE, who have staked massive claims around Lucky at a cost of roughly $1m in the first year. VALE would not be willing to spend this money if they weren’t seriously excited about Lucky, and Ken Stead “cannot comment” on whether he’s in discussions with them, and we all know what that means… KAT Exploration is therefore something out of the ordinary.

One year ago an exploration company called US Gold (UXG) were in a similar position to where KAT is now, with a similar share structure. They were trading at around 0.30 and were waiting on the results of test drilling so they could file their 43-101. Within weeks of filing their 43-101 the PPS went from 0.30 to $1.20 and a few months later hit $3.00. UXG’s best results were 2.9 g/t Au. By comparison, KAT’s initial sample analysis indicates 158g/t Au, 94g/t Au and 82g/t Au. Not only this, but as well as Handcamp, KAT has Lucky and four other claims as well. If UXG can hit $3.50 there is absolutely no reason why KAT cannot hit $4 OR MORE if we get a DOUBLE announcement – a 43-101 for Handcamp and a JV with VALE for Lucky.

It's very common for these type of companies to go from a few cents to multiple dollars on great drill results alone. This is because the NI 43-101 basically confirms exactly how much gold is in the ground and how much it's worth. So there’s no need to actually be mining it to make this stock go up, once people know exactly what they are sitting on and what it's worth, this will shoot up accordingly to reflect that.

We have seven claim areas, two of which look to have massive amounts of gold, three of which look to have massive amounts of copper and at least one appears to have massive amounts of silver. So when you factor in all of the properties and the potential JV with VALE, this company "could" be worth quite a bunch of money. I expect KATX to continue a steady rise with spikes on good new until the test drill program is complete and the NI 43-101 compliant report is filed for Handcamp, or until a JV partnership is announced.

KATX has a relatively small O/S and a very tight float for a junior exploration company (they usually have to keep issuing more and more shares to stay afloat whilst they explore, claim, prove up and sell their claims, taking several years to do so and diluting all the time to keep in the game). KATX has the funding and the CEO has stated that dilution in the future will only occur if there’s a positive reason to do so, ie a JV partnership. In a recent statement, the CEO has also said that he intends to take either KAT Exploration itself or possibly a spin off company containing certain of the claim areas off pinksheets and onto another exchange or market. We do not have a timescale for this but the assumption has to be “within the next few months”.



New: The BVIG Deal

A week or so ago, we found out that Ken Stead had bought another company called Bella Viaggio (BVIG). BVIG is a fully SEC reporting, empty shell on the OTC/BB. The OTC/BB listing is a major step up from the pinksheets where KATX is currently, and BVIG is a complete, out-of-the-box OTC/BB listed company that has never traded and is ready to use. This alone is worth a lot of value to Kat Exploration. All OTC/BB listed companies have to be fully SEC reporting, and this means transparency, which in turn means trust. Many investors including a lot of institutional investors will start to invest at this level, and a move of any kind from pinksheets to OTC/BB will be a winner for KATX.

There are two possibilities for KATX – Reverse Merger (R/M) or a Spin-Off. A R/M is where the entirety of KATX merges into, takes over and becomes BVIG. In all other respects everything remains the same. Bella Viaggio will then get a name change to KAT Exploration and be issued with a new ticker and we move on as we were but listed on the OTC/BB instead of pinksheets.

The other possibility is slightly more complicated. In a spin-off KAT Exploration takes some of its existing mineral rights assets and gives them to BVIG. For example the Handcamp property could go into BVIG. Now BVIG owns Handcamp (in this example) and so because KATX has lost an asset its shareholders would need to be compensated. To compensate the shareholders, they would all be issued with shares of BVIG, proportional to the value placed on Handcamp. Now there would be two separate trading entities – KATX and BVIG – and KATX shareholders would also become BVIG shareholder. Again, Bella Viaggio would get a name change (eg Handcamp Mining Inc) and a new ticker.

Why would this be done? Well the main reason would be because KAT Exploration is just that – an exploration company, Once a property such as Handcamp has reached the JV stage and we have a partner such as for example Teck in the game, we might want to separate this new activity out. Mining is a different game to exploring and requires massive up front investment. We wouldn’t want these investors and our mining partners to own a slice of all of our claims, but it would only be fair that they owned a slice of the property to be mined (in my example that would be Handcamp). So Handcamp goes into the BVIG shell and KATX shareholders get shares in it, as do any investors and/or mining partners who are going to be putting up the cash and doing the hard work of extracting the minerals. The remainder of KAT Exploration then continues as normal, and BVIG becomes a mining company.

Other possibilities and permutations for BVIG exist, but the above is to my mind the most likely scenario, and it could equally be played out with say Rusty Ridge and VALE as it could with Handcamp and Teck. There is much speculation about how BVIG will be used. This is all it is right now, until KAT Exploration releases an announcement about it.

One final thing that we also know is that our new Wall Street attorney firm specialises in listings, mergers, acquisitions and so forth. Ken Stead is getting the very best advice and assistance that money can buy, so whatever happens I believe we are in very good hands. This is a major deal for KAT Exploration and could bring a very big increase to our share price.


Call to Action

Look at the list of recent events and draw your own conclusions, but I believe KATX to be a once in a lifetime investment opportunity. This is a fully reporting pink with an open, transparent, communicative CEO and fantastic announcements imminent. It’s all there in terms of the provable DD and to my mind it’s a complete no brainer once you’ve done the research. Here’s where to go:

• Post from Er0ck about KATX valuation and the Handcamp gold opportunity: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46213134
• Post from Investor 911 about the Lucky/VALE JV partnership: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46255277
• KAT exploration website: http://www.katexploration.com
• KATX iHub site: http://investorshub.advfn.com/boards/board.aspx?board_id=15632
• Pink Sheets listing: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=katx#getQuote
• Gusrae, Kaplan, Bruno & Nusbaum website: http://www.gkblaw.com/
• VALE Inco website: http://www.inco.com/
• Anaconda Mining website: http://www.anacondamining.com/
• Teck Resources Ltd website: http://www.teck.com/
• Marketwire for press releases and news: http://www.marketwire.com
• Wikipedia entry for Olympic Dam: http://en.wikipedia.org/wiki/Olympic_Dam,_South_Australia
• Wikipedia entry for rare earth elements: http://en.wikipedia.org/wiki/Rare_earth_element

Top Ten Key Points

1. Two properties (Handcamp and Twi-Lite) returned very high and widespread g/t for gold in initial sample analysis. Handcamp’s soil analysis is now completed and has confirmed high levels of gold plus copper and zinc as well. Drilling has commenced in May and completed results will be filed in June, with some results likely to be seen beforehand
2. Another property (Lucky) has recently had VALE (the world’s 2nd largest mining company) staking every piece of land around it and our CEO Ken Stead can neither confirm nor deny whether he is in JV discussions with VALE, but he’s added substantially to the claim area and has met VALE at the recent PDAC conference in Toronto
3. A further property (Rusty Ridge) has been likened by an independent geologist to Olympic Dam – the world’s 4th largest copper mine and the consensus is that this property may turn out to be the most valuable of all KAT’s claim areas. Ken Stead has indicated to a shareholder who visited the KAT Exploration stand at the PDAC conference that Rusty Ridge has generated a lot of interest from mining companies looking for potential JV partnerships with junior explorers.
4. Up to five years funding is now in place ($1m now, up to $5m if conditions are met), which means that the company has the capital it needs to claim new areas and to prove up existing areas without the need to raise more money. This also means that share dilution is unlikely, unless to cater for a large JV partnership (ie good dilution). Finally it means that a savvy investor who may well be party under NDA to more information than us thinks that KATX is a good purchase
5. A number of mining companies have requested talks with KAT at the PDAC in Toronto from March 7-11 and events following this have included the appointment of an attorney to the BOD and an announcement of a potential uplisting from the CEO Ken Stead
6. KATX is a pinksheet with a great share structure, an ungagged T/A, pinksheets "Current" status and an OTC/BB shell BVIG purchased “ready” for either a reverse merger or a spin off of one or more properties into it
7. Our CEO Ken Stead is open and honest with his shareholders and has an excellent standing within the Canadian mining community
8. The company has recently appointed an upmarket Wall Street attorney firm called Gusrae, Kaplan, Bruno & Nusbaum that specialises in mergers, acquisitions and uplistings
9. Forward looking anticipation for the announcement of a JV with VALE for the Lucky and/orRusty Ridge copper and REE (rare earth elements) claims and a JV with Teck for the Handcamp and maybe even Twi-Lite gold, silver, copper and zinc claims
10. Forward looking anticipation for the announcement of a reverse merger or spin off utilising our recently purchased OTC/BB shell Bella Viaggio BVIG



ITS THE COPPER THAT WILL MAKE US RICH TONS AND TONS OF COPPER!!!!!