KAT Exploration Inc (KATX)

[Rick-UK]

The area appears to be volcanic in origin. Here's what the report says...

The volcanic sequence is best exposed in the northeastern portion of Licence 7126M, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain. The felsic volcanics at this location differ from exposures further northeast in that pyrite is much more common, locally to 5%, occasionally with clear to purple fluorite occurring as vug fillings and veinlets.

I believe it is "Ken's Mountain" that we are seeing in those photos, although I can't say that for a certainty. Here's more...

Mineralization identified to date on the properties consists mainly of disseminated to locally stringer pyrite hosted by felsic volcanic rocks at Ken’s Mountain, and disseminated copper mineralization hosted by sedimentary rocks at several localities (Figure 4). Other notable occurrences include the Holloway Cove zinc showing and a barite occurrence near Southwest Brook.

The Ken’s Mountain occurrences consist of a number of pyrite +/- fluorite +/- REE (Zr, Nb, Y) occurrences hosted within massive to locally brecciated rhyolite along a prominent ridge known as Ken’s Mountain. The mineralization has also been observed in mafic volcanics that outcrop at the base of Ken’s Mountain. Disseminated chalcocite and malachite returned 1450 ppm Cu from vesicular basalt sampled in 1998, TF-197 (Hutchings, 1998b).