KAT Exploration Inc (KATX)

[ShortonCash]

Does a Very Rare and Valuable IOCG Property Exist in Newfoundland Similar to the Olympic Dam in Australia?

http://current.com/news/92654539_does-a-very-rare-and-valuable-iocg-property-exist-in-newfoundland-similar-to-the-olympic-dam-in-australia.htm

Ken Stead president of Kat Exploration seems to think so and so does his team of specialized geologists. http://katexploration.com/. A completed 3D inversion modeling of the airborne magnetic data shows a discreet, strong magnetic anomaly underlying the Rusty Ridge area. A 3D inversion model of the ground gravity survey identified a large gravity anomaly and several other smaller anomalies further supporting the potential for an IOCG deposit. Selected coincident gravity, magnetic and IP anomalies, including the large gravity anomaly, will now be drill tested to determine the significance of these targets.

Ken Stead, President/CEO of KAT Exploration (KATX) stated, "That although the targets to be drilled are deep targets, what is most exciting and of interest is that the anomalies are also 400-500 meters thick. If these targets prove to be thick mineralized units similar to that of the Olympic Dam (http://bhpbilliton.com/bb/ourBusinesses/baseMetals/olympicDam.jsp), it will be the first for the province and will no doubt generate a tremendous positive impact for the company."

Ken Stead has announced a deep drilling program to begin on this property in the coming weeks. If an IOCG deposit (iron, ore, copper and gold plus REE’s, rare earth elements) are discovered on the property, this will no doubt give this small company and quiet property international attention. When Inco started to drill the Voisey Bay deposit, that stock rocketed from .20 cents to $165.

KATX is currently trading at .09 per share. If an IOCG is detected only one tenth the size of the Olympic Dam in Australia, there will be many overnight millionaires made who were lucky enough to find this “gem.