KAT Exploration Inc (KATX)

[steesharp]

"Cabot has no "real value"! ....This could not be further from the truth IMO ...and I have done much research on this property ......Also The Partners at P and L ventures would dissagree ....they have recived and are getting a sizeable some of (MORE) money for it....... The Wives of those partners at P and L would have to disagree when they spend that money from that deal, going shopping and buying things like a new pair of Shoes.....The company known as Kat Exploration and it's share holders would have a big problem with that if it were true....because if that were the case why did the company spend a sizeable portian of there money on it?...... Let me ask you a question?.....when P and L ventures spent hundredes of thousands of Dollars for the ( SECOND ) Drill program. "thats right #2"...did they do that because they thought it was something that had no "real value"?......Of course not, don't be silly......When P and L ventures spent hundreds of thousands more drilling the (THIRD) ....drill program in the same exact area to dinelate the resourse "know how much is there" ....Was that money wasted because it had no "real value":....again of course not!.... Is the kids say today......"I don't accept your reality" ......And so tell me ....Ket Exploration said the Sr. Geoligest was writing up a National Instrument Resourse report.....it is in the PR....does this, "in your reality" does that property go from "no real value" ........to what ever that report says over night the next day? .....of course not..... worth zero today " NO REAL VALUE" ....and ?....100 mil.....140 mil..... the next day .......what are you going to say?...."OMG....I never saw that coming?"...... Everybody should read this PR very carefully....also ... We are the operatiors...... the Geos on this board don't want to talk about what that means....... it also says were going to do what is known as a ........3 drill programs are done. that is step one ...two ....and step three.....step #4. is this "KAT also agrees to allocate minimum expenditure of $1.2 million over the five year term of the agreement and complete a National Instrument 43-101 on the Cabot properties." ... We have a geoligest working on this right now!......then there is step #5 "If upon completion of a feasibility study of the Cabot Properties, KAT will pay a further four million shares, whereby it will then have earned 100% of the five licenses which make up the Cabot properties.".......................................................... Next in the PR it explains ho much P and L will get what when the property becomes a mine ".PNL Ventures Ltd, and Weyburn Investments Limited, will also retain a 2.5% NSR in which KAT Exploration has the right to purchase 1.5% of the 2.5% NSR for a total amount of $3.5 million." .. .....................Then the report goes on to explain ,,,,,who.....will be doing all the work......and ...in control.... .....".Kat Exploration will be the operator of the project during the option period."........................................ ... Then thr report goes on to say what we Kat Shareholders have in "REAL VALUE" at the Cabot............. The "Cabot Property," with its significant new Copper/Cobalt/Gold discoveries, is a prime example that tremendous potential still remains for new discoveries in this prolific mining region.

The Cabot zone consists of a discrete, intensely chloritized and moderately sericitized zone hosting an estimated 10-25% stringer/stockwork sulfides. The zone is interpreted to represent a feeder stockwork pipe commonly associated with volcanogenic massive sulfide deposits. The Cabot Zone had been tested with several past drill holes averaging 0.39% Cu over 21.6 meters with internal intervals grading up to 0.90% Cu over 5.78 meters. The best grade intersections over an appreciable width encountered 1.90% Copper over 2.78 meters and 1.33% copper over 3.66 meters respectively.

One mineralized zone exposed on surface, varies between 25-30 meters wide and a strike length of 700 meters. A rough calculation has indicated 18 to 20 million tons of low grade copper ore, with cobalt as a complementary mineral, together averaging approximately ½%. There are large areas of the properties unexplored with no drill testing that has the potential to increase the volume of ore significantly.

Ken Stead, President/CEO, states, "We have been in negotiations for the past several months in trying to acquire this property and very excited we've closed the deal. However, while we are excited about the Copper/Cobalt content, it's the Gold potential that is most attractive. One drill hole intersected 40 meters of anomalous gold along with one meter averaging 10 grams per ton. A number of recently discovered quartz veins have produced results of 10 grams of gold per ton with the highest reaching as high as 12 oz/ton. These are the kind of properties KAT Exploration is looking for as it continues to move forward and bring real value to its shareholders. KAT Exploration will continue to have interest in obtaining gold, copper, silver and other minerals that would prove to be substantial assets for the company. Multi-mineral ore deposits are where our focus has always been and will remain." READ THE REPORT!Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310334

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310337

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310338

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310344

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1310340

http://ih.advfn.com/p.php?pid=nmona&article=43652485