KAT Exploration Inc (KATX)

[ShortonCash]

I am saying it has been a really long time and might just have a NDA realated to other mining companies... IMO

The Ken’s Mountain area exhibits several geological, geophysical and geochemical characteristics associated with iron oxide-copper-uranium-gold-silver-REE deposits in Australia. The most striking characteristic is a 12 X 4 km magnetic anomaly adjacent to the Charlottetown Fault, a major regional structure. Rocks in this area are interpreted to have developed in an extensional continental environment during late Proterozoic time, a setting common to a number of the world’s largest iron oxide type deposits. The grid area is underlain by a brecciated, hematized felsic volcanic unit that is known to host disseminated and vein-type pyrite, chalcopyrite and fluorite mineralization. The felsic volcanic rocks are weakly radioactive and carry anomalous amounts of several rare earth elements (REE). A soil-sampling program detected highly anomalous levels of the REE’s lanthanum (La) and cerium (Ce), both of which are associated with the Australian deposits.

http://www.cornerstoneresources.com/i/pdf/Financials_AIF07.pdf

2001
The South Princess property was the focus of a 2001 exploration program comprising line cutting, soil geochemistry and a magnetometer/VLF/IP survey. Work was completed over two target areas, Ken’s Mountain and Holloway Cove. The Ken’s Mountain area is covered by the current claims whereas the Holloway Cove area was subsequently dropped. Results were interpreted to suggest the property may have potential to host large-scale, iron oxide and/or porphyry type mineralization.