Tuesday, January 11, 2011 8:05:54 AM
I am definitely the wrong guy to be asking as I am not sure either as I am far from being a mining guy. Although though from doing a little research to educate myself, I think the term "leaching" is referring to some kind of extraction process to take the copper from the ore.
Basically, I am just a long KATX shareholder that believe that one day KATX will be all that we have always hoped for it to be, but from doing a little research on Google, I do think that you are correct in thinking that other minerals are extracted along with the copper during the leaching process. However, from my understanding, when leaching copper, I think there is a series of processes for leaching copper to get the copper down to its rarest form separate from all other minerals that would be part of the initial series of the extraction process.
Reference below from the Colombia Encyclopedia:
http://www.answers.com/topic/leaching
Also, there is something known as Heap Leaching as explained below…
http://www.answers.com/topic/heap-leaching
I'm still hopeful that the rest of the Rusty Ridge drill results will be very good upon them coming back from the lab. I felt much better knowing that the company made it known that the drill results received were from the upper 50m of the 334m of hole #2 and that the results had not been received from the remainder of the selected sections sent for analysis. That means that the company had only received a little less than 15% of their results. I think having approximately 85% of those results remaining to be delivered is something positive to look forward to. Again, I am hopeful, but it will be up to what the lab reports say.
As for the share distribution, all we can do is wait and see if it gets approval from the SEC to be distributed. They have one of the finest law firms in the US working on it and I can only guess that if it is not approved, then I suspect that the Handcamp property would be returned back into KATX. Since the company is preparing to file its 15c-211 to go to the OTCBB, it might not be a bad idea to consolidate assets into one company if it’s really going to be an issue with the share distribution. I, like many, am very hopeful, but all we can do is patiently wait.
Something that I think I would ”really” like to know is why would the company stake another 102 new claims around the original Rusty Ridge claims? They stated that they had done so in order to protect the area for future exploration. If that is the case, then I would have to think that they must feel very confident in the remaining 85% of the results that they have coming back from the lab. I will take such to be a positive and patiently wait.
v/r
Sterling
Sterling's Trading & Investing Strategies:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39092516
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