KAT Exploration Inc (KATX)

[AARGUS]

I believe that Rusty Ridge drill results are good/very good. If they were bad/mediocre, we would have heard by now. Some say the silence equals failure, I disagree. Ken is not new to this game, he's aware that delaying bad results is not a good idea. I think that much work is being conducted behind the scenes (negotiations, legal matters, etc.) in order to make the best of what has been recently found on Ken's mountain, possible JV's and uplisting......

REE's, gold in hole #2?....... looks promising.....
Iron deposit in hole #1?....... could be.....

Rusty Ridge-
This property has already generated a lot of interest from mining companies and is being offered as a Joint Venture (JV) project.
Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02.
The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand it's focus in this area as well.With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential.
Another 102 new claims have been staked around the original Rusty Ridge claims in order to protect the area for future exploration.

Don't forget about Handcamp....... silver and gold, Diamond drill hole DDH 004 intersected 6.3 g/t (0.18 oz./ton) gold and 111.6 g/t (3.3 oz./ton) silver over 1.9 m (1.4 m estimated true width) including 10.8 g/t (0.32 oz./ton) gold and 222.4 g/t (6.5 oz./ton) silver over 0.9 m (0.7 m estimated true width) within a wider interval grading 3.1 g/t gold and 42.6 g/t silver over 5.9 m (4.4 m estimated true width).
Diamond drill hole DDH 012 intersected 5.5 g/t (0.16 oz./ton) gold over 1.8 m (1.4 m estimated true width) within a wider interval grading 3.5 g/t gold (0.10 oz./ton) over 3.5 m (2.6 m estimated true width). Both intersections occur within an even broader mineralized zone defined by elevated gold that includes 1.2 g/t gold over 20.9 m (15.6 m estimated true width) in DDH 004 and 1.0 g/t gold over 17.8 m (13.3 m estimated true width). The gold is typically accompanied by elevated silver, lead and zinc.

and the Lucky's........ JV option with Vale, "The very fact that a company of Vale's caliber has enough interest in the area and sees enough potential in the Lucky properties to warrant an option with KAT, leaves us very excited. We are very pleased to be exploring these copper properties with Vale and look forward to bringing them to their full potential," stated Ken Stead.

Copper mineralization is quite visible in an old pit near a gravel road with impressive malachite staining along with chalcocite strata bound within the more sandy beds of the sediments with assay results of 2.5% Cu in the more concentrated areas. The most recent discovery was on our North Lucky property where well-disseminated chalcopyrite was found in exposed outcrop approximately 10km north of the South Lucky property.

KATx uplisting into KATg/BVIG?
JV on Lucky, Handcamp or Rusty Ridge?

all my opinion, of course......
time will tell . . . . . . .

glta