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KAT Gold Holdings Corp - Announces Memorandum of Understanding
Ticker Symbol: U:BVIG

KAT Gold Holdings Corp - Announces Memorandum of Understanding
PR Newswire

MOUNT PEARL, Newfoundland and Labrador, March 19, 2013

MOUNT PEARL, Newfoundland and Labrador, March 19, 2013 /PRNewswire/ -- KAT Gold Holdings Corp. (OTCQB: BVIG) www.katexploration.com

KAT Gold Holdings Corp, is pleased to announce that it has signed a Memorandum of Understanding with J. Kwarteng Mines Limited for the purpose of assessing and potentially mining the alluvial deposits at the J. Kwarteng Mines Ltd concession.
Gross proceeds from any mining operations will be split 85% in favour of Kat Gold Holdings and 15% J. Kwarteng Mines Limited.
The concession is located west of the Atewa Range, in the Kibi District, Eastern Region, and is one of the oldest gold producing areas in Ghana.

Ken Stead, CEO stated, "This concession has tremendous alluvial gold potential. Virtually all of the past gold mining activity in the region has focussed on alluvial gold occurrences surrounding the range, although vein gold deposits are also known in the area. We are now in the process of assessing all of the past artisanal mining operations on the property. If our assessments are favourable, we intend to implement alluvial mining operations at the site as soon as possible."
Along with the Ekom Eya mining concession Kat Gold Holdings is establishing a solid foundation in the gold industry and will now begin to seek working capital to bring these and other projects into full production.

A report on the Kwarteng Mines Kibi Area can be viewed from the following link.

http://katexploration.com/PressReleases/Kwarten_Mines_Kibi_Area.pdf