KAT Exploration Inc (KATX)

[geo_newfie]

From their statement of mineralization and the photos in the PR, I would assume that they observed possible REE-hosting minerals (I discussed this in a post yesterday or the day before) throughout the felsic volcanic sequence intersected in the drill hole #2. I say possible because REEs sometimes replace other elements in the crystal structure, so any exact estimate of how much might be there is hard to assess. And volcanics are fine-grained rocks too.

From the PR they know they had elevated LREEs (which basically means above background), which is why they sent the samples to another lab to get the complete suite of REEs at better detection limits. And from this they found elevated TREOs in a 7+ meter intersection in the felsic volcanics. So potentially they have another 200m of core with elevated REEs.

Now we are waiting to see if they are concentrated enough to be of economic value.

This is opposite to what I perceive from Hole #1, as Cu-mineralization is easier to identify (i.e., chalcopyrite) and an experienced geologist can give a good estimate to the % of Cu in the core based on a visual estimate, as well as Fe%, etc.