KAT Exploration Inc (KATX)

[geo_newfie]

The premise is that you add claims around your existing claims because your initial property has good potential. It is common practice to add to your claims prior to releasing results, because if they are good there would be an all out blitz on getting any adjacent property. If you look at the claims surround Voisey's Bay you will see everyone jumped once they knew they had high Ni results.

The problem is that these results are not inspiring. I doubt we will see an increase in action in the area. So why did they increase their property position in the area?

My (wild) guesses:

They could have seen some down dip trends during the recent drilling that suggests a continuation to the NW (which I believe is the direction where they added to their claims). A shallow dipping vein/dyke to the NW would probably extend off their current claims, so they quickly grabbed it. Their basis was the logged cores and preliminary results. The present results are not great, but at least they are enriched.

Did they see similar lithology deeper in the hole, but at greater thickness? And extended off their claims?

It just doesn't add up by adding to your claims on the today's PR information. We are missing something...

To examine all sides (the dark side) to this:

Maybe they thought the addition of claims would be a positive enough sign to limit the negative information in the PR?

Maybe the claims were done a few weeks ago based soley on drill core observations and only reported to the recorder yesterday?

We just don't know at this point in time....