KAT Exploration Inc (KATX)

[ShortonCash]

SEMS did the prelim work on Noble as well as the site next to the New Ghana Claim....Paul Abbott wrote reports on both...not bad work for a Carpenter from Newfoundland..LOL

Sure is interesting that SEMS and AngloGold Ashanti Paulson BAC and Paul Abbott are linked to Noble, pretty good for a pinkie Geo...LOL...

SEMS has been active in exploration, mineral resource estimations, and mining studies in Ghana for the last eight years. The team includes the former Chief Geologist for AngloGold Ashanti at the nearby Obuasi gold mine (underground production of circa 400,000 oz Au per year). In this capacity, their personnel were a part of the technical team involved in the previous development and mining at Kubi by Ashanti Goldfields and subsequently AngloGold Ashanti, from 1999 thru 2005.

The 513 Zone is located on the altered eastern margin of the Ashanti shear which hosts the AngloGold Ashanti Obuasi mine (pre-mining 60 million ounce resource) located ~10 km to the north of the Kubi Gold project. These drill results, on the Ashanti shear structure, are considered to be very encouraging given that drilling by previous operators was primarily focused to the east on the sub-parallel Kubi shear zone that hosts the Kubi Main gold deposit, and as a result the Ashanti structure has only been superficially explored to date. Recent airborne geophysical surveys have clearly outlined the location and interpreted alteration associated with the Ashanti shear zone. Additional drilling to determine the economic significance of this discovery, and auger drilling to extend the prospective zone a further 4 km south to the Offin River where extensive alluvial gold dredging operations have operated in the past, will commence in the New Year.

Scientific and technical information relating to the Kubi gold project resource estimate has been reviewed and approved by Simon E. Meadows Smith, BSc Geology, Managing Director of SEMS Exploration Services Ltd., who is a "qualified person" within the meaning of NI 43-101. All other scientific and technical information, including the Kubi gold project exploration update, has been reviewed and approved by Douglas R. MacQuarrie, P.Geo. (B.C.), the President and CEO of the Company, who is a "qualified person" under NI 43-101.

The 513 Zone is located on the altered eastern margin of the Ashanti shear which hosts the AngloGold Ashanti Obuasi mine (pre-mining 60 million ounce resource) located ~10 km to the north of the Kubi Gold project. These drill results, on the Ashanti shear structure, are considered to be very encouraging given that drilling by previous operators was primarily focused to the east on the sub-parallel Kubi shear zone that hosts the Kubi Main gold deposit, and as a result the Ashanti structure has only been superficially explored to date. Recent airborne geophysical surveys have clearly outlined the location and interpreted alteration associated with the Ashanti shear zone. Additional drilling to determine the economic significance of this discovery, and auger drilling to extend the prospective zone a further 4 km south to the Offin River where extensive alluvial gold dredging operations have operated in the past, will commence in the New Year.

Scientific and technical information relating to the Kubi gold project resource estimate has been reviewed and approved by Simon E. Meadows Smith, BSc Geology, Managing Director of SEMS Exploration Services Ltd., who is a "qualified person" within the meaning of NI 43-101. All other scientific and technical information, including the Kubi gold project exploration update, has been reviewed and approved by Douglas R. MacQuarrie, P.Geo. (B.C.), the President and CEO of the Company, who is a "qualified person" under NI 43-101.

Field work was supervised by Paul Abbott MSc., Consulting Geologist. HQ, and NQ core was logged, sawn and sampled on site MSc., Consulting Geologist. HQ, and NQ core was logged, sawn and sampled on site, with half samples sent to SGS Laboratory in Tarkw

http://www.pmigoldcorp.com/s/Ashanti.asp