KAT Exploration Inc (KATX)

[geo_newfie]

Chargeit - sorry about the late reply... it has been a long day!

From the soil surveys and chips samples, along with their model and geophysical targets they were hoping to intersect base metals (Cu, Pb, Zn...), along precious metals (AU, Ag).. and even U and REEs. It was a crap shoot. The initial target (Hole #1) seems to have low grade mineralization and/or missed anything of significance. From the public information available it does not seem that this hole has enough to justify further drilling. Many people go back to the initial IOCG (or OD) type deposit were they did not hit the mineralization during the initial drilling phase. Unfortunately, I do not think that KATX has the resources to continue to poke holes in the ground. However, hole #2 still has potential for REEs and maybe even Au or Ag. These results should be back and/or released in the very near future. So that is where we stand at present wrt RR.



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