KAT Exploration Inc (KATX)

[ShortonCash]

Could it be that Douglas wanted to see how much it leached of copper.... Could be...the barren hole has value in a drilling program....Could it be Katx had the same type goal....could be...

‘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. Let’s send it away for assay to show how much it’s been leached of copper.’ Douglas wanted to see a basic rock; he needed to see it, that is what he wanted to see and that is what he saw. But we couldn’t identify what this rock really was.

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