The "Handcamp" is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine. Abandoned logging roads run through the property allowing for excellent accessibility and mobility of heavy equipment. One 50m wide mineralized zone lies within a stratabound structurally complex zone which lies near a major east-directed thrust within the Roberts Arm Group and is reflected in folding, shearing and mylonite development. Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m. 44 line kms of grid work was cut at 100m spacings east and west of a 2km baseline on the Handcamp property by Dennis Rowsell and company. 1700 soil samples were collected along the grid at 25m spacings of which 150 samples were assayed for gold and base metals displaying excellent results. The central core of the grid was prospected by foot leaving much more to be done in 2010. 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 ( massive to simi-massive sulphides ).A chip sample was cut over the main Handcamp gold showing averaging 7.1g/t Au over 8m (27ft). Due to the world interest in gold, this property will become the focus for Kat Exploration over the next years.
The Twi-lite property, lies along the western margin of the Botwood Basin, central Newfoundland, It is situated approximately 30 kms southwest of the Moosehead gold prospects and has similar potential for epithermal gold mineralization.
The two major structural elements within the survey area are NE-NNE and NW faults. These two directions are well represented within the Discovery showing and have been noted as being associated with gold mineralization. The regional depth calculations, carried out using the Source Parameter Imaging Technique indicates that two major “graben” type structures may occur within the area; one striking NW-SE along the Victoria Lake-Badger Group overlap and the other along the Badger Group-Botwood Group NE striking fault contact. Through the central portion of the area, immediately east of the Discovery showing, major N-S faults are evident on the processed magnetic maps. At the southern end these N-S structures control eastern boundary of the Victoria Lake Group and in the north they appear to form the eastern edge of the Lemotte’s Ridge Sequence.
Some results to date: The Discovery Prospect: Zone of quartz veining and associated silicification, high of 202 g/t Au (Visible Gold). The Spring Pit prospect: bedded pyrite/mafic fault gouge (high of 14.9 g/t). The 320 Vein: zone of quartz veining and quartz breccias (high of 16.6 g/t). The Paddy’s Pitt prospect: silicified and brecciated siltstone (high of 23.80 g/t).
#5 Claim is right at KATX LUCKY Property with NTS Map # 02C/06 02C/05 02C/11 02C/12. and rest of the claims surrounds KATX Lucky Property.
G/L every one, link back to read the speculated KATX JV with Vale Inco DD posts. With little patience, I am pretty sure, this will pay off big for KATX INVESTORS.