KAT Exploration Inc (KATX)

[ShortonCash]

Vale Exploration Canada (Formerly Inco) has recently taken a large land position on the Bonavista Peninsula area by way of staking and has also optioned considerable property in the area from Cornerstone Resources. Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. The Vale lands are located near to the Pike property and adjoin certain other mineral claims held by F&P. At the time of writing Vale has mobilized exploration teams to the area.

Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.

http://www.mineprospector.com/documents/Pike_Property_Report.pdf