KAT Exploration Inc (KATX)

[geo_newfie]

What does this indicate...

Mafic volcanic and intrusive rocks are probably the most abundant rocks on our planet. The oceanic plates are almost entirely mafic in composition, with only a thin veneer of continental sediment cover it. So the fact they found only tells me that found former ocean floor, which is exactly what the middle part of NL is; former ocean floor.

KATX themselves told us it was sub-economic Cu, no need for an interpretation.

And iron ore... where? Did they release any assays results? Tell us the thickness of the intersection? Ore is of economic value and hematite alteration is very common, particular close to subaqueous volcanic vents, which is what this section sounds like.

So again, what does this indicate... that KATX needs to report the actual assay results before a googlogist reports an iron ore deposit.

I think most everyone would agree (at least in private), that this PR raised more questions than answers. I want to see photos of the hematitized conglomerate; I want to see some assay results from hole #1; and of course I want to see the assay results from the lower part of hole #2.

This PR did not provide the reaction that KATX wanted, hence the high and tight buzz cut today. REEs are and will become an important resource, but the present results are not enough to get to excited, particularly as the HREEs were low.

Now the good news: REEs are the new buzz word and KATX probably has a few more people watching them now to see if the results from the lower part of hole #1 are elevated. If they come back at concentrations >5X the reported results we will have a lot of investor interest. And it was because of this that they probably staked the additional claims.