Can you explain to the mining illiterate (me) how Valle can "stake a claim" if KATX owns the property? Do they only own a portion of the property and Valle bought the surronding property?
GREAT POST.For me that says it all. I appreciate ALL the research done by board members here. This is the BEST ihub board I have read. "That says it all" means......WHY would Vale even be there?
2.In Dec of 2009 Valley Inco staked ground around KATX Lucky property http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45957897 Remember:VALE INCO Acquired those claims on 12/11/09 after KATX released Lucky Property copper discovery PR on 11/23/2009. Must Read Note: This Map showing all yellow and orange properties are owned by Vale Inco (Refer to VALE INCO Claims below ). Here is a question to think about.....would Vale Inco buy all that land if they didn't think it would be worth it? And KATX Property being nestled within Vale's properties, and being on a same peninsula, there is no way that a company other than Vale is interested in a JV with KATX
Access Map to Lucky & Vale Inco Property Red lines are the forest access roads going through the Vale and Kat properties.
Vale Inco Full Claim Report Details:Around KATX LUCKY PROPERTY
1*Each new copper discovery on the "Lucky" property lends itself to significantly boosting its potential to a higher likelihood of acquiring a JV partner.
2*In recent months, the area where the "Lucky" property is located has drawn the interest of a major world class mining companyand Kat will continue to bring both the North and South "Lucky" properties to their full potential.
Remember- This is just about one of the KATX Copper Property
KATX owns 100% Rusty Ridge High Grade Copper Property: Coincidental magnetic Induced Polarization(IP) resistivity and soil geochemical anomalies suggest potential for a body of Iron Oxide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the Giant Olympic Dam deposit in Australia
******Olympic Dam Deposit****** http://www.bhpbilliton.com/bb/home.jsp Located 560 kilometres north of Adelaide, South Australia, Olympic Dam is a multi-mineral ore body.It is the world's fourth largest remaining copper deposit, fifth largest gold deposit and the largest uranium deposit. It also contains significant quantities of silver.
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