KAT Exploration Inc (KATX)

[geo_newfie]

While your statement is true, there are a lot better REE plays to investment in than KATX's initial results. I hope the remaining results are a lot better because these initial numbers will not support a lot of new funding for future work.

Hole one appears barren. A hematitized conglomerate is not that interesting and they did not provide any Fe numbers.

Some have thrown out some quotes on hematite and mafic, etc. Unfortunately, from the information provided in the PR this hole is not going to make anyone rich.

Maybe they are holding something back (i.e., the additional claims)?? In any case, this PR on RR does not instill confidence.