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Replies to post #36123 on KAT Exploration Inc (KATX)
04/21/10 10:54 AM
04/21/10 11:43 AM
04/21/10 11:52 AM
04/21/10 1:52 PM
08/16/11 12:50 AM
To put this in perspective, even 3g/t is considered a good find.
This is huge..... The Duck Deposit mentioned is the same Duck Pond mentioned in the Little Deer Deposit...1.2 billion dollar resource...KATX Handcamp is much larger, and much larger than the listed USGS claim as the added 5311 arces........and Cabot is just to the North.. Close-ology the area is similiar to the geology of the California Mother Lode.....the Baite Verte...
KAT Exploration has recently added a further 5,311 acres to its Handcamp claim. A test drilling programme has been planned and the drilling company has been appointed. This is a well respected multinational drilling company called Cabot Drlling - www.cabo.ca/. The drilling starts 2nd week of May and is likely to take 3 to 4 weeks to complete, although updates as to progress during this period are very likely.
According to CEO Ken Stead: “[Handcamp] is just south of the new gold processing facility which just opened this year by Anaconda Mining. That in itself is just south of what used to be the Nugget Pond Gold Mine, which is now being operated by Crew Gold and then there’s the Duck Pond Deposit, which is being mined as a massive sulphide deposit, and is a bit to the south also.”Handcamp’s situation so close to existing gold mines and Anaconda Mining’s gold processing facility could make a potential JV with Anaconda a good prospect for both companies.
What is also of interest is the fact that Handcamp lies absolutely dead central within an area marked out by the Canadian Government as being of special interest due to its underlying geology, and was given special attention in an air survey of Canada.
