KAT Exploration Inc (KATX)

[ShortonCash]

Thanks I also like ones with
the USGS and the Newfoundland government and ERock Like they are all in some type of scam together...and the guys that did the drilling that work in the department....what they are in on the scam too....The link is clearly two different styles of gold deposits...and is clearly from 2010


http://www.nr.gov.nl.ca/mines&en/geosurvey/matty_mitchell/pdf/Prop%20for%20opt%20Map,%20Island%20Mar.%202010.pdf



So who did the report on Falconbridge in 1980 J Hinckey
http://gis.geosurv.gov.nl.ca/geofilePDFS/Batch03/012H_0668.pdf Looks like Jim Hinchey
Who is Hinchey and Saunders
Page 16 upper right
Phil Saunders, Jim Hinchey both at Gov. http://www.nr.gov.nl.ca/nr/department/contact/mines/mines.html

So if you read back when the cores were sent out in 1987 (?) the did the resource estimate on a small number of borings and a small area but this was still enough to be listed buy the USGS and now its deeper and larger... and combinded with other minerals

Er0ck Share9 Wednesday, January 13, 2010 4:03:16 AM
Re: None Post # of 173252
What makes this property so special isn't the fact that it's a gold property, but the type of gold property that it is. Handcamp is a very special and unique type of gold deposit known as a "Volcanogenic massive sulfide" (VMS) deposit. Making this property even more special is the fact that this isn't just any type of "VMS" deposit, but it's a "Felsic" VMS deposit. World wide there is only something like 800 of these VMS deposits. They are known for their high tonnage, high quality gold deposits. Of these VMS, the best quality, highest producing gold deposits are the "Felsic" VMS deposits. Right now, out of the 40 VMS deposit sites in Newfoundland, KATX's Handcamp site is rated the highest gold grade with a 13.4 rating. It is the highest grade VMS gold site in all of Newfoundland according to the USGS.

Handcamps special and rare nature has already been validated and backed up by a series of surface rock and soil samples that were processed at a lab. Rock samples were collected over the prospected areas with numerous samples showing very significant mineral content with some gold numbers as high as 158g/t Au, 94g/t Au, 82g/t Au, along with excellent Zn, CU, Ag numbers.

Not only are these gold numbers FAR higher than any of the surrounding mining sites owned by other companies, these numbers are ONLY from surface rocks. Felsic VMS deposits are not the type of deposits that have most of their gold in the surface layers, but instead, most the gold deposits are deeper in the ground. To find these levels of gold in just the surface rocks would imply that there should be FAR more in deeper deposits.



How does Handcamp compare to other near by sites?

Here is a good comparison to how KATX's Handcamp property stacks up against a similar mining company. Anaconda Mining is located right down the road from Handcamp and currently is mining their Pine Cove gold property and has already brought gold to market from their site.

Anaconda has completed a NI 43-101 technical report on their Pine Cove site and has been actively mining it for the past 2 years.


Here are the results of Anaconda's test drill 43-101 report on their "Pine Cove" Gold property.

probable mineral reserves of 2,332,676 tonnes at 2.76 g/t


And now here's Handcamps results ONLY from surface samples.

158g/t Au, 94g/t Au, 82g/t Au

As you can see, KATX's Handcamp property is showing far more gold in just the surface rock than what Anaconda is getting from it's actual mining. This is one reason why people are so excited about KATX. We will still need to get the test results back from a test drill to confirm exactly what's in the ground though.

What's ahead for Handcamp and KATX

Here's what we know right now. Ken has been working on finding financing for the drill program for some time now. He announced last week (the 5th of jan) that they will be releasing more of the Handcamp sample results to the public as well as updating us on the status of financing. He gave a time line for these announcements of only a few weeks, so they are expected anytime now.

Right now, KATX needs financing for a drill program. Then they simply need to do the test drills and release a NI 43-101 report and partner up with a mining company to start mining the gold. That's it.

Ken has also been looking for a possible Joint Venture with a mining company to not only do the test drills, but also do the mining once all of the test drills are complete. His ideal plan for this was to sign a joint venture partnership FIRST, then start the test drills. The fact that he is about to update us on the status of financing leaves many people here to believe that they at the very least have acquired some type of financing, and that it is very possible they might have already signed a joint venture as well. These are just rumors as of now, but they are based in real
[10/24/2011 9:01:01 PM] Michael Waldmann: US GOLD CORPORATION (NYSE Amex: UXG)(TSX: UXG) is pleased to announce good exploration results from Nevada. The best results continue to come from West Pick, including 0.06 opt (2.05 gpt) gold over 75 ft (22.9 m) and 0.027 opt (0.94 gpt) gold over 180 ft (54.9 m)


These channels are present in the West Pick area where US Gold has encountered significant mineralization, including the best results announced earlier this year of 0.085 opt (2.9 gpt) gold over 150 ft (45.7 m) and 0.065 opt (2.24 gpt) gold over 120 ft


So as you can see, UXG's best gold results were 2.9 g/t.

Here's KATX's Handcamp results for comparison:

rock samples were collected over some of the prospected areas with numerous samples showing very encouraging mineral results, of 158g/t Au, 94g/t Au, 82g/t Au

Again, here is a company that has almost the same number of ountstanding shares as KATX, and only has completed their test drills and they are trading around $3 a share with a high of $3.50 after shooting up from .30 a few months before. Again, it is important to note that KATX's samples are ONLY surface samples. There is a good chance there might be even higher levels of gold the deeper they drill.

But this is not all that KATX has to offer. As stated above, their main focus for 2010 is going to be Handcamp. But they have 2 other very very promising property's as well.
Er0ck Share9 Wednesday, January 13, 2010 4:03:16 AM
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