KAT Exploration Inc (KATX)

[Biochemist2002]

Rick, I'm pumped about this news today. IMO, this is HUGE news.

I mean, if it wasn't bigger than expected then why go to the trouble of hiring another geologist and a geophysicist?

Couple points I really like (in bold/italics/underline below):

KAT Exploration and Bella Viaggio, Inc. Updates on Handcamp Geophysics and Drill Project
MOUNT PEARL, NL--(Marketwire - June 29, 2010) - KAT Exploration, Inc. (PINKSHEETS: KATX) www.katexploration.com and Bella Viaggio, Inc. (OTCBB: BVIG) would like to inform its shareholders with regards to the date of drilling on the Handcamp. Due to the latest discoveries of several new very strong IP targets the company has decided to engage the services of another geologist and geophysicist to work along with Mr. R. James Weick on laying out a very constructive drill program. These discoveries have created a much bigger work load and latest trenching has uncovered extensive amounts of sulphides over a strike length of 700 meters.

Some of the bigger targets extend west of the grid and south of where the geophysics ended. Therefore, the company has decided to extend the latest geophysics in both of these areas as it was recommended by the geophysicist who did the interpretation of the first round of geophysics.

Ken Stead, President and CEO, stated, "The more work we do, the more new discoveries are being found, all of which causes us to take a serious look at other areas of the property too. We had wanted to put the drills to work immediately, but depending on the recommendations of our professional geologist and geophysicist, they thought it is better not to complicate the program by having excavators and drilling rigs dividing up their attention. So we decided to let them complete most of the trenching before mobilizing the drill rig to the property.

"However, the drill rig will arrive within a few more days and it has been requested that the contractor leave his excavator on site because we feel very strongly that after the extended geophysics are completed there will be many other areas that will need trenching and quite possibly drilling."

Shareholders will be informed immediately upon the first turning of the drills.
http://www.marketwire.com/press-release/KAT-Exploration-Bella-Viaggio-Inc-Updates-on-Handcamp-Geophysics-Drill-Project-1283494.htm

I especially like this:
"...we feel very strongly that after the extended geophysics are completed there will be many other areas that will need trenching and quite possibly drilling."

This means one thing, they forsee this project as a success...already!

Remember the original PR:

KAT plans to drill a minimum of 15 holes for a minimum of 1200 meters. However, if drilling results continue to prove successful the number of holes and meters will be extended to determine the significance of the discovery.
http://www.marketwire.com/press-release/KAT-Exploration-Accepts-Drill-Contract-Tender-From-Cabo-Drilling-Drill-15-Holes-1200-1166277.htm