KAT Exploration Inc (KATX)

[ShortonCash]

Addition source of DD not part of KATX started by Cornerstone with pps climbing in DEC

The Cross Hills REE Property in Newfoundland which is adjacent to the Rockbridge Resources REE Property and the Louil Hills REE Property in Newfoundland which is adjacent to the KAT Exploration Inc. REE project. All four Cache REE properties have proximity to available infrastructure and are considered to have excellent potential for rare earth mineralization.


http://www.cacheexploration.com/properties/louill-hill-complex.html

Geology and Previous Work
The property sits on the BullArm Formation, a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3). Detailed geological mapping, sampling, geochemical, and geophysical surveys and drilling were completed by Cornerstone Resources Inc. (Hutchings, 1998). They have revealed Zr-Nb-Y mineralization, as well as Cu and Pb mineralization hosted within felsic volcanic rocks and mafic dykes. The BullArm Formation has presented 570 ppm Y and 490 ppm Nb (Miller, 1989), making it a highly favourable exploration target, relative to other REE targets in Newfoundland.

Copper occurrences lie on the eastern portion of Cache Exploration Inc. claims, where historic samples have very significant shown 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag; alkalic gold-rich porphyry copper deposits with high REE are not uncommon.

2010 Exploration Work
The presence of Zr-Nb-Y mineralization within the same suite of peralkalic felsic and mafic volcanic rocks (shoreline location) indicates potential for the same mineralization on Cache Exploration Inc.’s property. Cache Exploration is anticipating a preliminary scintillometer prospecting and geological reconnaissance program over the entire Louil Hills property.