RemSleep Holdings Inc (RMSL)

[Funaboard]

Rusty Ridge Property

Interest and focus of KAT Gold Holdings Corp on its wholly owned Rusty Ridge property is Iron Oxide-Copper-Gold (IOCG) potential. Primary target is an interpreted mineralized deep-seated gravity/magnetic body hosted by a plutonic entity intruding volcanic rocks. KAT has undertaken a technical review and a proposal for a diamond drilling program for implementation in 2010.
The Rusty Ridge property, 2100 hectares in size is situated on Crown land, NTS Map Sheets 02C/05 and 02D/08, in proximity to the community of Bunyan’s Cove, Bonavista Peninsula. It is accessible via a forest access road from paved highway, Route 233. Mineral Exploration Licences comprising the property total 84 claims and are issued to Ken Stead Jr. (015991M), Timothy R. Stead (016772M) and Kat Gold Holdings Corp. (016773M) (Table V). An assessment report for Year 1 and 2 for Licence 015991M has been successfully submitted to Mineral Lands Division, Department of Natural Resources, Government of Newfoundland and Labrador. The Licences are currently in good standing.
Geology and Deposit Model
Bedrock geology of the Rusty Ridge property consists of N-S trending Late Precambrian aged rocks comprising predominantly weakly metamorphosed bimodal (basic and felsic) volcanics of the Musgravetown Group in contact with conglomerates of the Cannings Cove Formation to the east and in fault contact with older schistose felsic, intermediate flows and pyroclastics of the Love Cove Group to the west (Figure 6). The regional N-S trending Charlottetown Fault separates the Musgravetown Group from the Love Cove Group. Mineral indications in outcrop and float occur as pyrite, hematite breccia, native copper and fluorite. This morphology and mineral association along with anomalous copper, silver, gold, cerium and lanthanum in soils from the area are suggestive of an IOCG-style target.
Previous explorers have applied the IOCG model to Rusty Ridge by comparing it to the Australian Olympic Dam deposit. The African Zambian-Namibia Copper belt-type, otherwise known as the Greater Lufilian Arc IOCG model, fits Rusty Ridge equally well and this new analogy for a modified IOCG model should be considered.
Previous Work
Previous exploration on the Rusty Ridge property, in context with the Olympic Dam IOCG scenario, included prospecting, geological mapping, trenching, sampling; airborne magnetic, VLF-EM and radiometric surveys; ground Induced Polarization, magnetic and gravity surveys. Interpretation of coincident magnetic, IP and gravity anomalies, followed by 3-D Inversion of magnetic and gravity data outlined a major deep-seated and several smaller near-surface targets.