KAT Exploration Inc (KATX)

[ShortonCash]

locally strong iron-oxide, fluorite and sulphide alteration and mineralization occurs

Still like the neighborhood

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

The volcanic sequence is best exposed in the western portion of the property, south of the community of Bunyan’s Cove. At this location, the felsic volcanics are well exposed along a prominent ridge dubbed Ken’s Mountain. The felsic volcanics at this location
differ from exposures further northeast in that pyrite is much more common, locally to 5%, occasionally with clear to purple fluorite occurring as vug fillings and veinlets

Intrusive rocks on the property consist of medium grained porphyritic gabbro exposed on a logging road east of Ken’s Mountain and mafic dykes that presumably intrude all lithologies. Faults, largely inferred from regional scale airborne geophysics, generally trend north-northwest, northeast and east-west.

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

1999-2000
Prospecting on the property in 1999 led to the discovery of pyrite-fluorite-bearing quartz veins associated with a large gossan in felsic volcanics in proximity to a major fault and Cu sulphides and oxides in quartz-carbonate veins within mafic volcanics and coarse clastic sediments


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.

2003
In June 2003 a trenching program was undertaken over a portion of the claims in an area underlain by the coincident gravity-magnetic anomaly where locally strong iron-oxide, fluorite and sulphide alteration and mineralization occurs. No significant results were obtained from this work.

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

Thinner quartz veins, with much less copper, cut the rhyolite outcrops that constitute the side and top of the ridge, but the very thick and well mineralized veins are only present as boulders. There is little doubt, due their size, shape and lithology that the boulders are of local derivation, presumably as debris from the ridge. In selvages to the quartz veins, the host rhyolite is bleached and typically exhibits epidote with the quartz.
The best assays for all the samples analyzed on the property are from this showing. Sample W20-95a contained 18% Cu and 11.6 oz/t Ag, W20-98 assayed 5.1% Cu and 3.4 oz/t Ag, RW99-049 contained 0.83% Cu and 0.5 oz/t Ag, sample RW99-050 assayed 1.95% Cu and 1.7 oz/t Ag, and sample W20-97 contained 0.87% Cu and 0.5 oz/t Ag.