KAT Exploration Inc (KATX)

[ShortonCash]

almost perverse persistence

From 2000 Princess to 2011 Rusty Ridge Katx..........

A similar environment appears to be present in the
Newfoundland Avalon Zone where native copper–
bornite–chalcocite mineralization is present in
redbed–basalt units of the Neoproterozoic Musgravetown
Group on the west side of Placentia Bay (e.g.,
Rocky Cove prospect, Figure 2), near Bonavista Bay
(Princess and Red Cliff prospects, Figure 2),



www.nr.gov.nl.ca/mines&en/geosurvey/publications/commodities/copper.pdf

Anyway, back came the assay. The rock wasn’t leached of copper, it contained 1% copper. Initially, we couldn’t see any copper sulphides as they were very fine-grained, but we went back to the core and, lo and behold, we found the copper mineral bornite – which is not easy to see in a hematite matrix, being almost the same colour

http://www.science.org.au/scientists/interviews/w/woodall.html#13

barren sediment the drill intersected a most astonishing rock full of iron oxide, hematitic, highly fractured – a breccia. Here was rock we’d never ever seen the likes of before. The interesting funny story is that Douglas said, ‘Hooray, here we are! We’ve got a fractured basic “source-rock” that’s been now leached of copper because it’s full of hematite

Well, we’d found an unusual copper mineralisation. Sure, it wasn’t economic, it was sub-ore grade. And we had drilled a lot of barren holes that didn’t find anything. But here was the most astonishingly fractured rock, a place where perhaps a great orebody might have formed, so we kept going. Hole No. 6 found nothing. No. 7 found nothing.


Four more disappointing barren or
uneconomic intersections.


Success at last: RD10 intersects 170m of
mineralization which assayed 2.1% copper
plus uranium and gold.


The desert sands covering one of the world’s
greatest ore deposits.


The first drill holes and the huge orebody
that was nearly missed. Note all the breccia
is now known to be ore.

This is, by ordinary standards, almost perverse persistence, isn’t it?

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://www.katexploration.com/PressReleases/Drills_Rare_Earth_Elements_2.pdf