KAT Exploration Inc (KATX)

[ShortonCash]

Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks

Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole

the upper section of the drill hole from 30 to 40.1m. The analyses indicate a 7.5m interval from 30.0 to 37.5m having elevated rare earth elements and zircon

was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke.

Ken Stead, President/CEO, states: "We are very encouraged by the presence of rare earth element rich rocks at Rusty Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the grades improve. While there is much work yet to be carried out to determine the significance of this discovery, we feel we are in the very early stages of a most interesting project

http://ih.advfn.com/p.php?pid=nmona&article=45775153